Decentralized Exchange (DEX)

THORChain is a decentralized cross-chain liquidity protocol that enables the instant swap of crypto assets between different blockchain networks. It is built on the Cosmos SDK and serves as a cross-chain decentralized exchange (DEX). THORChain facilitates native asset settlement between various cryptocurrencies, including Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos Hub, Dogecoin, Bitcoin Cash, and Litecoin. The network is secured by its native token, RUNE, which accrues value as more assets are deposited into the network. Users can utilize THORChain to swap native assets between supported chains or deposit their assets to earn yield from swaps. The protocol is designed to minimize trust and provide a scalable, economically secure cross-chain communication and settlement layer. It also offers features such as native asset security, non-custodial single asset liquidity, and chain-agnostic service provision. Also, THORChain is used by numerous exchanges to process swaps for their users.