THORChain’s ADR023 proposes a restructuring of the RUNE supply framework with a clear objective: simplify tokenomics and improve how the asset is perceived and evaluated. As the protocol has evolved, multiple legacy mechanisms have remained embedded in the supply structure. These no longer reflect how THORChain operates today. Instead,
Welcome to the March edition! We track security, liquidity, volume, fees, user activity, and supply across THORChain. March delivered more of the same restraint. Volume came in at $801M, down again from February's $882M, as crypto markets spent the month attempting to find a base after a brutal
Tokenisation is going to happen. In my view, it is not really a question of if. It is a question of how open the system will be, how much control governments and institutions will try to keep, and what kind of infrastructure ends up underneath it all. The reason tokenisation
1) What was “THE MOMENT” that made you leave traditional tech and go all-in on crypto? There was a very clear aha moment for me. In 2017, after I sold almost everything I owned and decided to travel the world, I met two guys in my first month who were
Let’s start at the beginning. How did you first discover crypto? I was on telegram and there was this bot that if you do captchas you get DOGE coins, me and my friends were spamming it to then use those DOGE coins to gamble on stake. This was long
Bear market or not, THORChain builders keep shipping. Merge Requests drop faster than the Fed prints bills. In V3.16.0, THORChain delivers 94 merged MRs! Many of these upgrades work quietly under the hood focusing on strengthening stability, resilience, and security across the network. But a few will surprise
Welcome to the February edition. This month, we track security, liquidity, volume, fees, user activity, and supply across THORChain. February delivered mixed signals. Volume tracked toward $882M through month end, down from January's $1.07B, following the broader consolidation in the market. But February also brought meaningful developments
THORSwap is one of the few protocols in this ecosystem that has seen it all. It launched when native cross-chain swaps were still new and experimental. It survived multiple market cycles, regulatory uncertainty, infrastructure upgrades, and even internal restructurings. More than four years later, it is still here. And unlike
Part I: Formation As we understand it, you started in crypto by working with Ethereum back in 2016. Is that right? Yeah, that’s correct. I’ve got a really vivid memory of sitting in this tiny flat, basically a little attic space where I could barely stand up straight.
Integrating a cross-chain protocol is rarely simple. For wallets, apps, and infrastructure providers, supporting native swaps across multiple chains means dealing with constant upgrades, edge cases, routing logic, transaction building, security assumptions, and ongoing maintenance. Each new chain or liquidity source adds another layer of complexity. Now imagine having to
Welcome to the January edition. This month, we track security, liquidity, volume, fees, user activity, and supply across THORChain. January was rough. Volume dropped to $920M from December's $1.44B as crypto bled attention to other assets. But two transactions changed the conversation: $21.7M and $31.2M
When I look at my timeline I notice that many of the discussions about crypto and the technologies we are building are unfortunately driven by price. Charts, cycles, hype, and the endless noise of who is winning and who is losing this week. That surface conversation is loud and it