# THORChain RUNE Reaches 100% Token Unlock as Supply Drops to 360 Million

- URL: https://stocks.freetheai.org/news/thorchain-rune-reaches-100-token-unlock-as-supply-drops-to-360-million-619ae2
- Published: 2026-10-12T00:24:05Z
- Category: crypto; sentiment: neutral; impact: medium
- Symbols: [CRYPTO:RUNEUSD](https://stocks.freetheai.org/symbols/CRYPTO-RUNEUSD)
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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.

## Questions 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.