Integration with Dune Analytics platform completed, enabling onchain data visualization and dashboard creation for the protocol.

Published an ecosystem recap highlighting builder contributions and partnerships during 2025, mentioning products from THORWallet, Vultisig, SwapKit, THORSwap, RUNEBond, LeoDex, Unstoppable Domains, Moca, Asgardex, ShapeShift, Rango Exchange, Rujira Network, CacaoSwap, Trust Wallet, Ledger, AutoRujira, and CALC Finance.

Burns 5% of swap fees automatically every block, creating deflationary tokenomics tied to protocol volume.

Earned approximately $945,000 in protocol fees between November 17 and December 16, 2025.

Submitted listing requests for RUNE and TCY tokens to CoinGecko on December 17, 2025.

Completed 11 major upgrades and 220+ merge requests during a 9-month development period in 2025.

A whale/institution swaps an additional 317 BTC for 9,105 ETH ($28.15 million) via cross-chain functionality today, bringing cumulative swaps since 11/25 to 2,289 BTC for 67,253 ETH ($204 million) at an average ETH price of $3,036.

A whale/institution swaps an additional 340 BTC for 9,784 ETH ($30.42 million) via cross-chain functionality today, increasing cumulative swaps since 11/25 to 1,972 BTC for 58,148 ETH ($176 million) at an average ETH price of $3,028.

RUJI Lending distributes 90% of interest to lenders and shares remaining 10% protocol revenue equally with THORChain, accompanied by RUJI Analytics for transparency.

Next release includes Intents feature, with additional upcoming updates: Memoless outbounds, DKLS implementation, and faster swaps via confirmation-counting during streaming.

The THORChain Frontend reaches 1,000 unique wallets.

A whale/institution swapped 1,469 BTC into 43,647 ETH ($131 million) through THORChain's cross-chain functionality over the past two weeks at an average ETH price of $3,000, with the funds consolidated into multiple wallets 11 hours ago.

Router v6 launches as a major architectural upgrade for the EVM side, removing state from the Router, simplifying deposits, improving batching, and making aggregator integrations cleaner and more reliable.

Development roadmap includes concentrated liquidity implementation, on-chain order books, and next-generation TSS schemes capable of scaling to thousands of signers for greater decentralization and resilience.

RUNE token gets listed on MEXC exchange.

Work done by Unstoppable will be handed over to a neutral party for maintenance and further development, allowing Kenton to continue with the Marketing ADR and resolving interface competition.

Monthly Data Update initiative launches with November metrics covering volume, fees, yield, user growth, security, supply, and affiliate trends.

Competitor Pact Swap positions itself as a cheaper alternative, claiming 82% lower costs for BTC trades and addressing pain points including high validator collateral requirements and fees often exceeding 2%.

RUNE long positions show 95.1% liquidation vulnerability, creating risk of cascading liquidations if prices drop.

Protocol upgrade V3.14.0 launches with seven pull requests that reduce delays, clean vaults, and fix technical issues.

A Bitcoin whale purchases millions worth of native BTC on THORChain.

The official Thorchain frontend has a fee-sharing arrangement with Unstoppable Finance, which also operates as a competing interface, and Unstoppable Finance controls deployment keys, operational control, and affiliate fee addresses. Community concerns emerge about conflict of interest and lack of in-house operational control over this strategic infrastructure.

Thorwallet integrates TRON blockchain support, enabling cross-chain swaps for TRX and USDT (TRC-20) across Bitcoin, Ethereum, Solana, and BSC through THORChain and NEAR Intents routing.

Cardano integration completes and enters StageNet phase, January upgrade includes CosmWasm and Rujira, and Kujira deprecates due to low volume. Cacao Bonding rolls out with bonded units counting as half an LP unit.

Annual earnings reach $35.7 million with a P/E ratio of 11.21 based on Q3 market cap of $400.4 million.

A $5 million $TCY buyback program is underway, with 27.9% completion.

25.5m $TCY tokens remain unclaimed in an airdrop for THORFi users.

Bonding $RUNE to nodes offers 30% APY yield for bond providers.

A $885K BTC swap executes on the platform.

stUSDS refinanced a large loan to RUNE that moved off Sky's balance sheet without backstop protection, approaching first liquidation unless SKY price improves.

The protocol processed millions of swaps during Q3 from nearly 90,000 unique addresses.

Memoless Transactions feature launches, enabling any wallet to use the protocol by pre-registering swaps with short codes, eliminating memo field requirements and wallet compatibility issues.

Bonding $RUNE offers 22% APR yield.

Emergency mainnet update fixes version 3.13.0 block production issue caused by x/scheduler module Cosmos store upgrade, requiring validators to update for eligibility in subsequent churn. Network maintains zero downtime during the incident.

A critical UTXO bug affecting THORChain was discovered and patched, requiring both THORChain and Maya to pause UTXO chains temporarily to prevent potential double-spend attacks. Zcash (ZEC) integration completes and goes live on mainnet, with the ZEC pool surpassing ETH and RUNE pools in size.

Marketing campaign begins, with an X space event planned to discuss market positioning goals.

Zcash ($ZEC) integration is in progress and coming to the platform, expanding the protocol's cross-chain capabilities.

Trading volume surges to $47M with 83K swaps executed during recent Bitcoin volatility.

Binance Futures delists COIN-M RUNEUSD perpetual contract on November 19, 2025.

THORChain integration goes live on Coin98 Wallet, expanding access to the platform's user base.

ShapeShift integration enables staking FOX tokens to earn RUNE rewards.

Beyond Tech ($BYD) launches portal enabling ETH to Bitcoin L1 bridging as native Rune with cross-chain swaps across 140+ chains, mainnet Q4 2025.

BiorLabs integrates THORChain into BiorVault wallet for native asset swaps across EVM, Cosmos, and other chains.

RUJI Trade launches as the first order book built on THORChain, enabling access to millions in liquidity through multiple AMM strategies within the order book system.

Advanced Swap Queue activates on the network alongside memoless transactions for efficiency improvements.

Development begins on a privacy rune token.

Version 3.12.0 protocol upgrade completes Solana integration with launch imminent and liquidity bootstrapping next, enables memoless transactions for simplified deposits, and begins preliminary Zcash integration work to bring native ZEC support for the first time.

Monero (XMR) integration planned for Q1 2026 to enable native, trustless XMR swaps.

A native swap interface launches in beta, built directly into the protocol layer. The team gathers user feedback during the beta testing phase.

The v3.12 protocol upgrade has a release window on November 9, 2025.

Bybit announces support for v3.12.0 network upgrade.

F2Pool holds 83% of a RUNE loan at 91% utilization and cannot exit the position. Centralization concerns exist as F2Pool, a VC, and a foundation control the lending protocol with ability to modify yield and LTV parameters.

Redacted protocol announces privacy layer integration with Rujira and THORChain to provide omnichain privacy for BTC, ETH, LTC and other assets.

Rujira launches as an App Layer on THORChain, connecting all chains, wallets, and users through native assets. Migration from Kuji to Rujira completes, with Maya Protocol v125 set to remove Kuji Chain components including Bond Providers and liquidity.

Limit Swaps and Advanced Swap Queue features launch, enabling on-chain orderbook behavior with decentralized execution.

Validator APR ranges between 20-30% based on recent churns, with yields driven entirely by protocol revenue rather than inflationary rewards.

Version V3.12.0 is loading.

THORChain integrates Monero (XMR), adding cross-chain liquidity support for the privacy-focused cryptocurrency.

Vultisig was created by the original founders of THORChain, explaining the close relationship between the projects beyond the previously reported integration.

Vultisig, a multi-chain vault and custody platform, integrates THORChain among 30+ supported chains with whitelist opening Oct 27 at 13:00 UTC and Kraken listing scheduled for Oct 28.

Current annual burn rate stands at approximately 4 million RUNE tokens permanently.

CacaoSwap on DA0_DA0 executes DCA orders for treasury building via CALC_Finance on RujiraNetwork, utilizing native liquidity and swap engine as backend infrastructure.

The protocol completes a burn of 1,000,000 RUNE tokens.

stUSDS opens with yields declining from 40% to 12% within 2 days, RUNE borrowing costs drop from 20% to 12% versus 15% staking yield creating negative net borrowing costs, but potential liquidity risks are noted with the largest borrower controlling market parameters.

Monero integration is in development for THORChain, requiring significant technical work around ring signatures and memoless transaction design.

Weekly affiliate data shows SwapKitPowered leads with $24M volume, followed by TrustWallet and Ledger Live ($5M volume, $63K revenue), with top 8 including Asgardex, Thorwallet, and EdgeWallet.

The Chainnet THORChain fork changes strategy to take over TC Stagenet and separates bifrost from thornode architecture to ship faster without waiting on mainnet release cycles.

The protocol generates $50k-$100k in daily fees and is actively recruiting team members.

Maya Protocol (THORChain fork) deploys gasless swaps and Swapper Clout mechanism, activates EDDSA cryptography as final step before Cardano integration, and plans hard fork with CosmWasm smart contracts and IBC for THORChain synchronization. Single-sided CACAO staking pool launches this week, and shielded Zcash support is in development with ZEC as the 2nd largest pool at ~$4M liquidity.

A team is launching "chainnet," a THORChain fork testnet, to integrate over 20 major blockchain networks including TON, SUI, Cardano, Solana, Arbitrum, Optimism, Polkadot, NEAR, and others by Christmas with RouterV6 and intents functionality, addressing chain addition speed concerns before potential mainnet deployment.

Vultisig wallet now supports native cross-chain swaps powered by the protocol, with demonstrated swap speeds under 10 seconds for BNB to RUNE transactions.

Development of Rujira Network's lending feature powered by THORChain liquidity is moving smoothly.

ThorChain interoperability through Rujira powered by IBC is announced as an upcoming development, enabling connection with the Maya Protocol ecosystem.

KeepKey hardware wallet now supports native cross-chain swaps powered by the protocol.

Large trading volumes and fees reported today on the protocol.

Intents feature announced for roadmap utilizing reverse auction mechanism for token routing across all supported chains, enabling direct wallet integration without aggregators and capturing margins previously going to aggregators.

Protocol architecture shifts to opt-in chain client model where any 4 nodes can independently add new blockchain integrations, dramatically accelerating chain addition speed with a target of supporting 30+ chains total.

Native TRX and USDT swaps go live following completion of TRON blockchain integration.

Zcash integration goes live, enabling native ZEC swaps without wrapping after being in pending status for months.

The App Layer launches Base Layer Virtualisation feature designed to improve trader experience.

Achieves top 10 dApp ranking on Avalanche ecosystem this week.

THORChain announces integration with Maya Protocol via IBC + Bifrost, enabling bidirectional asset flows and deeper liquidity pools, with roadmap including IBC exports by end of 2025 and upcoming node airdrop.

A new wallet called "unstoppablebyhs" has integrated THORChain swaps along with privacy features including duress mode, Tor, VPN, and Monero support, marking a new ecosystem partnership.

ADR-020 App Layer proposal passed governance, enabling RujiraNetwork to gain full execution ability of secured assets with 50% fee-sharing to the base layer.

THORChain will release Rapid Swaps and Limit Swaps features in the coming weeks.

Founder confirms hackers used THORChain protocol to swap stolen funds from recent exploit and emphasizes protocol should remain neutral without halting or seizing transactions.

THORSwap issues bounty offer in response to the $1M+ exploit of the founder's wallet.

Co-founder JP's personal wallet was drained for $1.35M by North Korean hackers on September 9, 2025 through a conference call scam on Telegram, with allegations that JP and his products previously helped the same hackers launder funds.

Security exploit reported with estimated losses of approximately $1.2 million according to PeckShield Alert.

RUJI and RUNE integration goes live, suggesting the implementation of previously announced bRUNE tokenomics that provide yield to RUJI stakers.

Development roadmap includes limit swaps with base layer orderbook functionality, planned integrations with Solana, Tron and Ton blockchains, plus Memoless feature and RouterV6 + DKLS upgrades.

Rapid Swaps feature launches with v3.11.0 upgrade in the next couple of weeks, shifting the platform toward an orderbook model for faster and cheaper trades.

Moca integration launches September 16 with merchant payment infrastructure, while Maya v133.1 (Vipress) progresses on stagenet toward mainnet deployment.

New bRUNE tokenomics revealed: 10% yield to RUJI stakers, flexible node operator fees (10-20%), and maintained operator governance control.

New bRUNE yield-bearing token contract launches on Stagenet with automated multi-node bond management.

Enshrined oracles pass audit and go live with support for crypto, stocks, sports, and RWA data feeds.

Active governance vote ADR021 at 44.8% approval, requires 67% to pass.

Native cross-chain swaps now live on Keystone Wallet via SwapKit integration.

Competitor Hyperliquid gains market share in cross-chain conversion services

Major protocol upgrade scheduled for next week.