RUNE led the altcoin rally with a quick 20% jump after THORChain was launched on the mainnet.
THORChain’s mainnet launch has opened the floodgates for bullish activity in its native token – RUNE. Over the past 24 hours, the asset rallied by over 20% to an intraday high of $2.3 amid a quick market-wide rebound. After a mild pullback, the token settled near $2.2 at the time of writing.The latest bout of surge comes after THORChain achieved mainnet status four years since its inception. The mainnet launch has been a long-anticipated one.
The main focus now will be on integrating with more decentralized exchanges and exchange aggregators. Meanwhile, to celebrate the mainnet launch, the THORChain team also announced the release of “RUNE in a Million Campaign” on Binance, which will last from June 23rd to July 7th, 2022. As part of this, THORchain has revealed committing a total of $1 million in RUNE tokens to all users of the crypto exchange. The announcement managed to catapult the price of RUNE to the aforementioned multi-day highs.
THORChain netted $80 million in fees from swaps. Currently, the total value locked inside the protocol’s smart contracts was observed to be around $302.9 million.SPECIAL OFFER
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