CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-04-04 20:33:00

THORChain Hits Record $10 Billion Trading Volume Amid Bitcoin Maximalist Debate on Security and Loan Risks

For the first time, THORChain, a decentralized liquidity protocol, has surpassed a significant milestone, recording over $10 billion in total monthly trading volume. This achievement was highlighted in a post on X, formerly known as Twitter, by THORChain’s official account, with Runscan data confirming a trading volume of $10.26 billion for the month. Despite this success, Bitcoin maximalists are split on the platform’s security and the attractiveness of its offerings, particularly concerning interest-free loans against Bitcoin (BTC). The discussion among Bitcoin enthusiasts unfolded on social media, following the announcement. Fred Krueger, a mathematician and Bitcoin investor, expressed his support for

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.