THORChain (RUNE) News

As the crypto industry recovers, a new generation of modular blockchains could replace centralized bridges and exchanges.

The network was halted on Oct. 27 after the team said a bug had caused “non-determinism between individual nodes.”

The team stated that the next steps were to find the source of the non-determinism, release an update, and restart the state machine, but there have been no updates since.

After four years of waiting, THORChain’s new mainnet “marks the achievement of a fully functional, feature-rich protocol with a large ecosystem and strong community.”

A THORChain synth is unique: It is backed by 50% of the underlying asset and 50% of RUNE instead of 100% of the actual asset.

THORChain reveals plans to launch Terra's UST-like native stablecoin and "Thorfi."

“Trading with synthetics on THORChain has half the swap fees, making swaps cheaper, cheap gas fees, and faster for traders. You can do near-instant trades at a high volume,” said developer Chad Barraford.

RUNE and its entire ecosystem is showing a few bullish signs, resulting in a 74% rally ahead of a long-awaited mainnet launch and recent integration with Terra.