THORChain’s Liquidity Fees Surge by 71% Amidst Fee Increases, RUNE Shows Positive Momentum

THORChain,
a

decentralized
liquidity
protocol,
has
recently
witnessed
a
substantial
increase
in
its
weekly
liquidity
fees.
This
notable
growth
follows
a
prolonged
period
of
over
four
months
where
fees
remained
relatively
stagnant.
However,
last
week
saw
liquidity
fees
break
through
the
$500,000
barrier,
reaching
an
impressive
$744,800.
This
figure
marks
a
71%
rise
compared
to
the
previous
week,
signaling
a
significant
breakthrough
for
the
protocol.

Users
Continue
to
Engage
Despite
Fee
Increases

One
of
the
most
remarkable
aspects
of
this
surge
is
that
it
occurred
during
the
first
complete
week
after
the
protocol
implemented
a
hike
in
its
minimum
Layer
1
(L1)
swap
cost,
raising
it
to
0.15%.
Even
with
this
increase
in
fees,
the
users
of
THORChain
have
shown
remarkable
resilience,
continuing
to
engage
actively
with
the
platform.
The
average
daily
volume
for
L1
swaps
remained
stable
at
$30.8
million,
despite
the
heightened
costs.
This
stability
underscores
the
value
that
users
place
on

THORChain’s
services,
as
they
appear
undeterred
by
the
higher
charges.

Significant
Revenue
Growth
Driven
by
Fee
Increase

The
increase
in
swap
costs
has
had
a
profound
impact
on
the
revenue
generated
by
the
protocol.
Since
the
implementation
of
the
fee
hike,
the
average
daily
swap
fees
have
surged
from
$9,100
to
$47,600,
representing
a
fivefold
increase.
What
makes
this
growth
particularly
noteworthy
is
that
it
occurred
even
though
swap
volumes
have
remained
steady,
indicating
that

the
protocol
has
significantly
benefited
from
the
higher
fees.

Furthermore,
for
the
first
time
in
2024,
the
fees
generated
by
the
network
exceeded
the
block
rewards
distributed.
In
the
last
week
alone,
liquidity
fees
accounted
for
51%
of
the
total
incentives
distributed
by
the
protocol.
This
shift
highlights
the
growing
significance
of
fee
revenue
in
THORChain’s
overall
financial
structure.

User
Growth
and
Trading
Volume
on
the
Rise

In
addition
to
the
impressive
financial
performance,
THORChain
has
also
seen
a
substantial
increase
in
its
user
base.
According
to
recent
reports,
the
protocol’s
user
base
has
grown
by
41%
in
2024,
reaching
over
510,000
unique
users.
This
expansion
in
the
user
base
has
been
mirrored
by
a
corresponding
increase
in
trading
volume,
which
has
now
exceeded
$71
billion.
In
a
particularly
noteworthy
achievement,
the
protocol
recorded
$3
billion
in
trading
volume
within
just
a
few
weeks
this
year.

Meanwhile,
the
native
token
of
THORChain,
RUNE,
was
trading
at
approximately
$4.10
at
the
time
of
writing.
This
price
reflects
a
4%
increase
over
the
previous
24
hours,
placing
RUNE
among

the
top
five
gainers
on
CoinMarketCap
during
that
period.

THORChain’s
Strengths

THORchain,
as
a
decentralized
liquidity
protocol,
was
designed
to
facilitate
seamless
and
secure
asset
swaps
across
different
blockchains
without
relying
on
centralized
intermediaries.
At
the
heart
of
Thorchain’s
functionality
is
its
unique
use
of
Continuous
Liquidity
Pools
(CLPs)
and
the
Tendermint
consensus
mechanism,
which
allows
it
to
operate
as
a
multi-chain
decentralized
exchange
(DEX)
and
liquidity
provider.
Unlike

many
other
platforms,
Thorchain
enables
users
to
trade
native
assets
from
different
blockchains
directly,
without
the
need
for
wrapped
tokens
or
synthetic
assets.
This
direct
cross-chain
swapping
is
not
only
more
secure
but
also
eliminates
the
dependency
on
potentially
vulnerable
bridges.

One
of
Thorchain’s
most
recent
innovations
is
the
introduction
of

streaming
swaps,
a
feature
that
allows
users
to
execute
swaps
over
a
period
of
time
rather
than
instantaneously.
This
is
particularly
beneficial
for
large
trades,
as
it
helps
mitigate
slippage—a
common
issue
in
crypto
trading
where
large
orders
can
significantly
affect
the
price
of
an
asset.
By
spreading
the
swap
over
time,
streaming
swaps
reduce
the
impact
on
the
market
and
provide
users
with
more
control
over
their
trades.
This
feature
further
enhances
the
flexibility
and
efficiency
of
the
Thorchain
protocol,
making
it
an
attractive
option
for
traders
dealing
with
substantial
volumes
or
those
who
prefer
a
more
gradual
approach
to
swapping
assets.

Thorchain
stands
out
in
the
crowded
decentralized
finance
(DeFi)
space
due
to
its
commitment
to
true
cross-chain
interoperability
and
continuous
innovation.
While
many
DEXs
are
confined
to
a
single
blockchain
or
rely
on
wrapped
tokens
for
cross-chain
functionality,
Thorchain’s
architecture
enables
native
asset
swaps
across
multiple
blockchains
in
a
decentralized
manner.
The
platform
also
incentivizes
liquidity
providers
by
offering
them
a
share
of
the
fees
generated
from
swaps,
and
it
employs
a
dynamic
fee
model
to
safeguard
against
impermanent
loss.
With
the
addition
of
features
like
streaming
swaps,
Thorchain
continues
to
push
the
boundaries
of
decentralized
trading,
offering
users
more
security,
flexibility,
and
control
than
many
other
similar
projects
in
the
DeFi
ecosystem.

Base
Dawgz:
A
Multi-Chain
Meme
Token
with
Community
Rewards

Base
Dawgz
has
emerged
as
a
notable
meme
token
and
is
considered
one
of
the
top
cryptocurrencies
to
invest
in
this
year,
largely
due
to
its
multi-chain
capabilities.

Developed
on
the
Base
blockchain,
this
token
stands
out
for
its
ability
to
operate
across
multiple
chains,
including
Ethereum,
Solana,
Avalanche,
and
BNB
Chain.
This
is
made
possible
through
the
use
of
advanced
technologies
such
as
Wormhole
and
Portal
Bridge,
allowing
for
seamless
storage
and
transfer
across
these
networks.

Community
Engagement
and
Gamified
Rewards

A
key
feature
that
sets
Base
Dawgz
apart
is
its
community-centric
approach,
which
rewards
positive
engagement
through
a
gamified
airdrop
system.
Participants
in
the
Base
Dawgz
ecosystem
can
earn
rewards
by
interacting
on
social
media
platforms
like
Twitter,
creating
memes,
posting
content,
and
accumulating
points.
This
system
encourages
active
participation
and
fosters
a
strong
community
around
the
token.

Position
within
the
Base
Ecosystem

Base
Dawgz
has
also
secured
its
place
as
a
foundational
meme
coin
within
the
Base
ecosystem,
further
solidifying
its
position
as
a
top
cryptocurrency
to
buy.
The
Base
ecosystem
itself
is
substantial,
with
tokens
within
it
boasting
a
market
capitalization
that
exceeds
$4
billion.
Among
these,
Base
meme
coins
are
particularly
prominent,
ranking
among
the
top
four.
The
imagery
associated
with
Base
Dawgz,
featuring
a
Shiba
Inu
dressed
in
base
jumping
gear
and
descending
through
the
skies,
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to
its
appeal
and
aligns
with
the
adventurous
tone
of
the
token.

Future
Potential
and
Presale
Opportunity

These
distinctive
attributes
are
expected
to
enhance
the
value
of
Base
Dawgz
once
it
becomes
available
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cryptocurrency
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For
now,
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Buy

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