Investment Disclaimer:
- I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
- Past performance presented here is not an indicator of future performance.
- This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.
- I do hold a long position in RUNE as a token holder.
TL; DR
1. THORChain RUNE Token ($RUNE) has undergone 463.44% return from $ 1.29 to $ 7.29 since 01 Jan 2021.
2. After 25 Feb 2022, the daily active trading volume of RUNE increased significantly by 5x to 10x after the announcement of synthetic asset protocol (THORSynths) launch and THORChains's grand THORFi plan which aims to bring all DeFi tools onboard to THORChain.
3. Quantitative risk measurements (Value-at-Risk, Kurtosis, Return distribution) are suggesting that RUNE is trading at a relatively lower risk level as compared to 10 days ago.
4. Over the past 2 years, THORChain followers have grown 1,914.63% on Twitter, and 542.77% on Reddit.
5. Based on Google Trends, THORChain has gained an increasing amount of adoptions and popularity by the internet users, with its site traffic increased by 147.13% over the past quarter.
What Makes THORChain a Superior DEX ?
- THORChain is the very first cross-chain DEX that enables the swaps of different Layer 1 (L1) native assets. In another word, you can swap your Bitcoin (BTC) asset which is running on Bitcoin main net for an equivalent value of Ethereum (ETH) on Ethereum main net using THORSwap. .
- THORChain is also the first Automated Market Maker (AMM) that guarantees no impermanent loss to Liquidity Providers via their 100-day impermanent loss protection schemes.
- Newly-launched THORSynths allows users to hold synthetic derivatives of native L1 tokens. These synthetic derivatives come with no impermanent loss, low gas fees and instant settlement features. (Imagine what would you feel if you are able to swap Ethereum for Bitcoin with negligent gas fees, this is what THORSynths empower)
Quantdoge Publications Newsletter
Find out what's driving the increased adoption and rising popularity of THORChain at:
Quantdoge Publications- What Makes THORChain So Special ?
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