$RUNE Powers Every Swap on THORChain

The protocol can’t function without RUNE. Every liquidity pool pairs with RUNE, nodes bond RUNE to secure the network, and all yield is distributed in RUNE.

When you swap BTC for ETH, BTC is deposited into the pool, the equivalent dollar amount of RUNE is withdrawn from the pool and deposited into the ETH pool, then ETH is withdrawn from the pool and sent to you.

$RUNE Value Proposition

Pooled RUNE: Intrinsic value
The value of RUNE is backed by network liquidity, with all assets in the liquidity pools paired 1:1 with RUNE by dollar value.
- Total RUNE Pooled
  64.2M
- Total USD Pooled
  $26.5M
Bonded RUNE: Economic Security
Nodes secure the liquidity pools and App-Layer. RUNE has to be bonded to a node for it to enter the network. If nodes steal any crypto their bonds will be slashed resulting in the nodes losing value. More bonded RUNE means more economic security.
- Total RUNE Bonded
  97.0M
- Total USD Bonded
  $40.0M
RUNE Fees: Real Yield
You don’t need to own RUNE to swap on THORChain. Swap fees are deducted from the asset being sold and used to buy RUNE. This creates buy pressure on RUNE and forms the yield allocated throughout the network.
- 12M Fees
  $14.0M
- Bonding APR
  20.1%

$RUNE Tokenomics

The final RUNE token unlock occurred in 2023. All RUNE are in the circulating supply except 9 million tokens held in the reserve. When RUNE launched the total supply was 1 billion tokens. It was later reduced to 500 million and then again to 360 million. The burn mechanism now makes the total supply deflationary. The MC/FDV is approximately 97%.

$0.41RUNE Price
$139MRUNE Market Cap
$15.0MProtocol Fees (12 Months)
10.3RUNE P/E
354,174,598RUNE Total Supply
1,857,969RUNE Burned

Network Fees Distribution

All network fees come from real trading activity. No block rewards, no inflation, no token unlocks. The fees are allocated in the following manner.

$RUNE Wallets

Self-custody wallets that support the RUNE token. Note: Some wallets that support RUNE may not support other THORChain tokens.

How to Buy $RUNE

RUNE is listed on many centralized exchanges including Binance, Gate, and Kraken. Or skip the middleman and buy RUNE directly from THORChain using any of the wallets above.