2025 Ecosystem Recap - The Builders Who Made It Happen

THORChain Intern

— 8 min read
2025 Ecosystem Recap - The Builders Who Made It Happen

Something special happened in the THORChain ecosystem over the past year. Wallets hit billion dollar volume. Security went institutional. Native DeFi apps started processing real transactions. Cross chain infrastructure became seamless.

This isn't just growth. This is an ecosystem thirving.

Some projects shipped more than others. Some hit massive milestones. But here's the thing: every single one of them contributed to making THORChain what it is today.

As we wrap up the year, let's celebrate the builders and their achievements. ⚡

🟡 THE MAJOR ONES 🟡

💎THORWALLET

🔹What They Actually Build

The most successful wallet in crypto for cross chain swaps. Not just in the THORChain ecosystem. Anywhere. They made self custody wallets competitive with centralized exchanges on UX, added gamification that actually works, and built a community that keeps coming back.

🔹Milestones

Impressive year for THORWallet which was able to hit $1B in trading volume. Not $100M. Not $500M. A full billion dollars flowing through their wallet. The kind of number that makes centralised exchanges nervous.

💎VULTISIG

🔹What They Actually Build

Vultisig did something nobody else figured out: they made institutional grade security accessible to everyone.

Forget seed phrases. Those can be stolen, lost, compromised. Vultisig uses threshold signatures instead. Multi party security where no single person ever holds the full key. The tech banks and DAOs use, now in your pocket.

🔹Milestones

All year long, Vultisig has been integrating major chains and improving the user experience for everyone, while keeping THORChain and its users at the center of the product.

💎SWAPKIT

🔹What They Actually Build

SwapKit is the infrastructure nobody sees, but everyone uses. In fact, something most people don’t realise is that swaps routed through SwapKit represent a large share of the activity. Ledger Live, Keystone, Bitget, and many others all rely on the SwapKit SDK, which makes their integration simple. S

SwapKit is an important infrastructure layer that allows wallets and DEXs to tap into THORChain without rebuilding everything from scratch.

🔹Milestones

💎THORSWAP

🔹What They Actually Build

THORSwap just turned four years old. In crypto years, that’s ancient, and they’re still leading the way. All this year, they kept shipping: V3, stock trading support, Near Intents, chain integration, THORSwap RUNE Edition with discounted fees, and new leadership with PaperX. THORSwap never stops.

🔹Milestones

🟡 THE NEW KIDS IN TOWN 🟡

💎RUNEBOND

🔹What They Actually Build

Node bonding used to be complicated. RUNEBond made it simple.

Got RUNE but don't want to run a node? No problem. RUNEBond connects you with node operators who need bonds. Put your RUNE to work securing the network, earn yield, everyone wins.

And the numbers? They speak for themselves.

🔹Milestones

  • Multiple nodes listed consistently
    • https://x.com/RUNEBondApp/status/1924178537096905165
    • https://x.com/RUNEBondApp/status/1925880661602091060
    • https://x.com/RUNEBondApp/status/1927250150952444362
    • https://x.com/RUNEBondApp/status/1984461759114043531
  • Performance charts launched (track nodes and network in real time)
  • Delegate addresses feature for node operators
  • Detailed profiles boost node visibility
  • Custom performance pages for tracking
  • 10% profit share model announced for sustainability
  • More than 1M RUNE bonded

💎 LEODEX

🔹What They Actually Build

LeoDex doesn’t just ship features, they eliminate friction you didn’t even realise was there.

Struggling with wallet connections? They built Swap Accounts: QR code funded, temporary wallets that execute swaps automatically. No wallet connection. No hassle.

Want control over routing? They introduced protocol preferences. Fastest. Cheapest. Or simply your favourite. Your swap, your rules.

And they don’t move slowly. LeoDex ships fast, adapts quickly, and iterates in real time based on how users actually behave. What they’ve built is one of the most efficient UXs in cross chain DeFi. Every update removes another layer of friction.

🔹Milestones

💎UNSTOPPABLE

Unstoppable’s ethos is crystal clear: security and privacy come first. The UX and overall architecture are built around those principles.

With THORChain and Maya already integrated, Monero coming soon, and MEV protection, Unstoppable is building a wallet truly designed for users who care about the safety of their funds.

Special mention as well for their contribution as the team behind the THORChain frontend app.

💎 MOCA APP

Moca App is a consumer-facing crypto wallet and payments app focused on making everyday crypto use practical. It combines wallet functionality, onchain activity tracking, and merchant payments into a single interface designed for real-world usage rather than speculation.

  • https://x.com/moca_app/status/1940679762399433149

🟡 THE VETERANS 🟡

💎ASGARDEX

ASGARDEX is for users who want a proper desktop-native experience, not a browser extension pretending to be an app. Native swaps run directly from the client, with no reliance on web wallets or injected providers.

The product has seen consistent upgrades over time, with a clear focus on reliability and power users. Direct Ledger support is built in, allowing secure native asset swaps without ever touching a browser. The interface is clean, fast, and functional, designed for people who understand what they are doing and do not need hand-holding.

  • V1.30.5 with TCY support and UI improvements
    • https://x.com/asgardex/status/1918163274652418338
  • V1.40.0 with revamped UX and quote asset selection
    • https://x.com/asgardex/status/1929382524272140402
  • Direct Ledger support (no more temporary keystores)
    • https://x.com/asgardex/status/1960613936329330711
  • $ZEC, $XRP and $TRX live
  • New website with live stats

💎SHAPESHIFT

ShapeShift is a self-custody trading and routing platform built to move value across chains without intermediaries. It aggregates decentralised liquidity from various sources including THORChain to offer the best rte to the users.

ShapeShift’s strength lies in maturity. Shaped by multiple market cycles, the platform treats cross-chain liquidity as infrastructure, not a growth hack. The result is a serious, sovereignty-first interface designed for users who value control, clarity, and long-term composability over short-term novelty.

Key achievements:

  • Maya Protocol integration
  • Action Center for real time on chain notifications
  • Fresh redesign dropped
  • High dev activity maintained consistently
  • QuickBuy feature for instant asset purchases
  • Many new chains integrated all along the year, including $XRP and $TRX

💎RANGO

Rango is all about making cross-chain swaps work the way they should. Instead of owning liquidity, it focuses on routing, pulling from the best sources available, with THORChain playing a key role in enabling native cross-chain swaps, especially for Bitcoin.

That approach has paid off. Rango has seen strong, consistent growth and is now regularly ranked among the leading bridge and aggregation platforms. It processes billions in volume and frequently sits near the top of Bitcoin bridge rankings, which reflects real usage rather than hype.

Key achievements:

🟡 THE APP LAYER - RUJIRA 🟡

The App Layer Comes Alive

Rujira has moved rapidly from concept to a suite of live DeFi applications processing real volume. Built directly on THORChain, it delivers native DeFi without bridges or wrapped assets, with execution secured by THORChain’s validator set.

The result is a composable app layer where trading, perps, and automation operate on shared liquidity, demonstrating how native cross-chain DeFi can function at scale.

Network Milestones:

🎯 WHAT IT ALL MEANS

The signal is impossible to ignore. This ecosystem is accelerating, not in theory but in practice. Builders are shipping relentlessly, products are earning real usage, and the infrastructure is hardening with every release. What once needed to be proven is now working in the open.

THORChain has moved beyond experimentation and into a clear growth phase. Core building blocks are scaling, new applications are compounding on shared liquidity, and activity is reinforcing the network with every integration.

The work of the past year has turned foundations into momentum, and that momentum is now driving expansion.

This is what it looks like when an ecosystem clicks. The pieces are in place, execution is consistent, and the direction is clear. The next phase is not about testing ideas, it is about scaling a system that already works.

Builders build. Chads share. Ecosystem wins. ⚡️

For the latest updates from any project, check their official channels. For ecosystem news and protocol updates, follow @THORChain on X.

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