$RUNE
RUNE is the native cryptocurrency of the THORChain ecosystem, a decentralized liquidity network that enables cross-chain asset swaps. Here are the key details about RUNE
- Market capitalization: $457.91 million
- Circulating supply: 351.4 million RUNE tokens
Key Features:
*Decentralized Liquidity: THORChain allows users to swap assets across different blockchain networks without relying on centralized exchanges.
*Security: RUNE is used as collateral by nodes for security purposes, with a 2:1 bond-to-stake ratio.
*Governance: RUNE holders can participate in governance, but it's not the primary purpose of the token.
Use Cases:
- Cross-Chain Swaps: RUNE facilitates seamless swaps between different blockchain assets.
- Liquidity Provision: Users can add liquidity to pools and earn rewards.
- Node Operations: Nodes bond RUNE to participate in the consensus process and earn rewards
