Received spotlight coverage highlighting THORSwap's evolution as a frontend and aggregator built on THORChain, featuring THORSwap's 2025 metrics of $1.28B+ swap volume and $5.42M+ revenue.

Integrated SOL trading via InstaSwap_io on THORChain.

Resumed treasury buyback program and bought back 19.1M RUNE so far, representing over 10% of circulating supply, with steady accumulation since September 2025.

Hosts a Community Lounge event on 2026-02-21 at 15:01 GMT.

Used as a bridge by a hacker to convert stolen ETH to BTC following the IoTeX Bridge exploit of over $8M on February 21, 2026.

Plans to introduce automated staking reward management features that allow users to claim, swap, or reinvest RUNE staking rewards.

is preparing version 130 for Cosmos hard fork and SDK upgrades including IBC groundwork and Cosmos Hub compatibility

achieved second highest volume day with $35 million in swaps driven by the ZEC pool

Vultisig integrated Circle Smart Contract Accounts and native USDC tooling for institutional-grade digital dollar infrastructure within seedless MPC/TSS vaults.

Hiring for Protocol Engineer positions (Senior and Junior) to work on THORNode development using Go and Cosmos SDK for cross-chain swaps across 10+ chains, with remote work available.

Partnering with TeamKujira (Rujira) to implement a new liquidity model on the THORChain ecosystem that will be delivered through Rujira's App Layer.

Vultisig Plugin Marketplace launched as the first on-chain, self-custodial, multi-chain automation marketplace, with 70% of plugin fees distributed to developers.

Rujira Network launched bRUNE liquid staking token on mainnet for testing, reaching its temporary 50,000 RUNE cap within hours.

Integrated native cross-chain swaps through SwapKit in SafePal, Ledger, Trust Wallet, OKX, and Bitget wallets, enabling BTC, ETH, SOL, and EVM assets to move between chains using THORChain and Maya Protocol.

Integrated THORChain, Maya Protocol, and other DEXes for swap rate checking in Unstoppable Version 0.47 for Android.

Bior Labs will go live on 2026-02-04, providing private and open access to the digital economy.

Generated $2.14 million in fees over a 30-day period, ranking 11th among DEXs by fee generation.

Processed $118 billion in native BTC swaps.

Launched native swap interface during Q4 2025.

Increased daily unique swappers by 23.6% quarter-over-quarter in Q4 2025.

Generated $5.0M in protocol revenue during Q4 2025, representing a 39% increase quarter-over-quarter.

Integrated Solana mainnet February 4, 2026, enabling native SOL and SPL token swaps with Bitcoin across 12 supported blockchains.

Total swap volume reached $4.06B in Q4 2025, a 10.3% decrease quarter-over-quarter.

RUNE-denominated TVL increased 22.6% quarter-over-quarter to 81.6 million RUNE in Q4 2025.

Achieved a 3000x improvement in spread performance within the ecosystem.

Was used to bridge $282M+ in stolen BTC and LTC funds (from a hardware wallet scam on January 10th) to Ethereum, Ripple, and Litecoin after the funds were swapped to Monero via instant exchanges.

Launched Credit Accounts feature allowing users to borrow against native assets without wrapping or leaving THORChain's security model.

Integrated Huggin AI on the platform.

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.

Launched limit order functionality with automatic execution and refunds; next release includes Intents feature, 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.

Completed Cardano integration, entering StageNet phase; January upgrade includes CosmWasm and Rujira. Launched version 128 with EDDSA key fixes for Cardano, MAYA token pool cleanup, Midgard fixes, and XRD liquidity providing patches. Cacao Bonding rolls out; Kujira deprecates.

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.