THORChain Says It Has Expanded to 14 Chains and Shifted to Relying Entirely on Protocol Revenue
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A DefiLlama Research article says THORChain processed USD 2.82 billion in swap volume in the first quarter of 2026 and now supports 14 chains; the article also reviews changes to its products, application layer, and...
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Key points
As CEXs shut down, DeFi deserves a revisit: the case for THORChain Credit: DefiLlama Research · © THORChain The past twelve months have been rough on centralized venues, with major exchanges such as BitMart and BitMEX announcing shutdowns of their operations. Additionally, regulation has added further pressure, with MiCA leaving many exchanges, such as Binance, unable to serve certain EU residents. None of these events is catastrophic in isolation, and exchanges that wind down or can no longer s
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A DefiLlama Research article says THORChain processed USD 2.82 billion in swap volume in the first quarter of 2026 and now supports 14 chains; the article also reviews changes to its products, application layer, and tokenomics.
Why it matters to readers
The material comes from a professional research article and includes specific dates, trading volume, fees, supported chains, and mechanism changes, but its overall stance is clearly favorable toward THORChain. Some data comes from the project or real-time frontend quotes, while future integration plans and claims that it is the “largest Bitcoin DEX” lack independent verification.
Follow subsequent official information and do not make decisions based on a single report.
Risks and unknowns
- Verify the on-chain measurement methodology for the USD 2.82 billion in first-quarter 2026 trading volume and USD 3.3 million in fees
- Observe whether native integrations for Monero, Zcash, Dash, and Bittensor actually go live
- Track whether node counts, liquidity depth, and protocol revenue remain stable after block rewards are removed
- Monitor TCY repayment progress and whether Rujira application risks are effectively isolated from the underlying protocol
- Monitor security incidents, cross-chain vault losses, and regulatory changes
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