Mainnet upgrade to v3.5 is scheduled at block 20940000 estim | THORChain on Binance Square

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Mainnet upgrade to v3.5 is scheduled at block 20940000 estimated at 1 May 2025 at 3pm UTC 
TCY is included in this update, but will not be enabled until Monday, May 5th

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State of the Network 27/04: THORChain’s Node Network Rebounds Stronger Than Ever The sunset of ThorFi, the Bybit hack, and a radical shift away from inflationary block rewards could have been a breaking point. For many protocols, it would have been. But for THORChain? It became a stress test = one the network passed with resilience and growing conviction. ⚡️Today’s network state shows something simple but very profound: When incentives shrink and stress hits, true belief steps up from chads! Now let’s dive into the numbers behind THORChain’s recovery ⚡️Revenue Reset: The Move to Real Yield A few months ago, THORChain made a cool change-up: Block rewards (inflationary emissions) were removed. Node Operators now earn solely from liquidity fees! Now that’s real, protocol-driven activity. If you’re thinking this is just a payout change = No way! This is a gigantic shift from “get paid for securing blocks” → to “get paid for growing the ecosystem.” Real work for real rewards. Shoutout to chad @rykcrypt !

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From Shutdown to Showtime: How THORFi’s Sunset Gave Birth to TCY, the DeFi Token You need To Know About What do you do when your protocol hits the brakes, the community panics, and “rug” rumors start flying? If you're THORChain - you build. What happened with the THORFi was a moment of reckoning. Lending and Savers features were suddenly frozen when node operators activated a circuit breaker in response to rising protocol risk. It was swift. It was dramatic. And many got worried. “Is THORChain insolvent?” “Is this the end?” “Did I just get rugged?” But they missed one crucial fact: THORChain is profitable. One of the rare DeFi protocols actually generating real, on-chain revenue. The circuit breaker wasn’t a death blow, it was a lifeline. A high-pressure valve releasing before real damage could occur. And from that turbulence, something pretty incredible emerged.

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Join tomorrow for a Space with @familiarcow and meet the new CEO of Nine Realms @simonhmorris ⚡️ Covering TCY launch, new chains, roadmap, and Q&A

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4 years since the genesis block 🍾

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THORChain 2025 Q1 Report & Q2 Roadmap Q1 Recap: ⚡️ $19.6b swap volume ⚡️ $14.1m in swap fees collected ⚡️ Addition of @base ⚡️ THORFi Lending & Savers Sunset ⚡️ CosmWasm smart contract support ⚡️ Removal of admin mimir & block rewards Q2 Roadmap: ⚡️ $TCY claims and THORFi recovery ⚡️ EdDSA support (required for some new chains) ⚡️ New chains (SOL, TRON, TON, XRP, XLM, ADA considered) ⚡️@RujiraNetwork merge & initial app launches - Trade, Pools, Perps ⚡️ EVM Router v5 (enhanced aggregation) Read the full report on Medium:

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