THORChain RUNE Reaches 100% Token Unlock as Supply Drops to 360 Million
THORChain (CRYPTO:RUNEUSD) announced that its native RUNE token has reached a 100% unlocked status, with its total circulating supply trimmed down to 360 million tokens. The supply reduction followed a token burn executed in May under network proposal ADR-023. The total token count had previously dropped from 1 billion to 500 million before settling at the current 360 million level. RUNE traded virtually flat at 0.6977 USD following the announcement.
The transition to a fully unlocked token supply alters the fundamental distribution and tokenomics of the cross-chain liquidity network. Network operations rely on node operators bonding RUNE to secure the decentralized protocol. In exchange for securing transactions, these validation nodes earn 59% of total system revenue, which is generated directly from transaction fees paid by users performing cross-chain asset swaps.
Investors and network participants will monitor how protocol revenues support liquidity and ecosystem operations. Beyond node rewards, 20% of network swap fees are directed into protocol-owned liquidity pools. Every three days, THORChain allocates RUNE to whichever liquidity pool displays the highest fee-to-depth ratio, retaining half of those funds in RUNE directly on the platform.
Key points
- THORChain announced that its native RUNE token is now 100% unlocked.
- Total RUNE supply has fallen to 360 million following a May token burn under ADR-023.
- RUNE supply previously dropped from 1 billion to 500 million before the latest reduction.
- Validation nodes bond RUNE to secure the network and collect 59% of system swap fee revenue.
- Protocol-owned liquidity receives 20% of system revenue, with deposits made every three days.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
What is the total supply of THORChain RUNE?
Total supply of RUNE has been reduced to 360 million following a token burn in May under ADR-023. Supply had previously dropped from 1 billion to 500 million before this latest reduction.
Is THORChain RUNE fully unlocked?
Yes, THORChain has announced that its native RUNE token is now 100% unlocked.
How does THORChain distribute its revenue?
Network nodes bond RUNE to secure the protocol and receive 59% of system revenue from cross-chain swap fees. Another 20% goes to protocol-owned liquidity, which deposits RUNE into the pool with the highest fee-to-depth ratio every three days.