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Thorchain rose more than 90% in a month after introducing synthetic asset trading.
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Borrowing and lending will be launched soon, adding further upside potential.
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Thorchain’s rally is also supported by growing bullish momentum across the broader market.
Thorchain (RUNE) has climbed 92% this month and shows no sign of slowing. In the past 24 hours alone, RUNE gained over 18% as momentum continues to build. The rally follows a string of network updates that could drive greater adoption going forward.
The most recent development is the launch of synthetic asset trading on the RUNE protocol. Thorchain offers advantages over many rivals in this space because it is fast and enables asset swaps at relatively low cost, making it attractive to traders seeking efficient cross-asset exposure.
Thorchain is also preparing to introduce ThorFi, a feature that will enable borrowing and lending on the network. This is a significant milestone aligned with DeFi’s broader trajectory toward fully decentralized, cross-chain exchanges, which could reduce the need for atomic swaps. Such a technological shift positions Thorchain favorably for growth as decentralized finance continues to reshape banking and financial services.
What’s next for Thorchain?
Since January 2022, Thorchain consolidated between $5.11 and $3.51. On March 9 it broke out of that range on high volume, and the price has trended upward since. RUNE is now approaching a test of the $10 level. If the current momentum persists, Thorchain could potentially retest its all-time highs around $21 in the short term.
The probability of a move back toward previous highs is supported by strengthening bullish momentum across the broader crypto market. When the overall market gains upward traction, assets that have already established bullish trends can attract additional investor interest and outperform the rest of the market.
Summary
Thorchain (RUNE) is in a strong uptrend, gaining more than 90% over the past month. This rally is driven by key protocol improvements, including the launch of synthetic token trading. With ThorFi and lending/borrowing features on the horizon, Thorchain may have further upside as DeFi adoption and cross-chain utility expand.