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Thorchain DEX surpasses volume milestone, how did RUNE react?

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It is always an exciting thing to see a blockchain network experience growth during the bear market. Thorchain [RUNE] is the latest blockchain to walk down that path as it celebrates a new growth milestone for its ThorWallet DEX.

Realistic or not, here’s RUNE’s market cap in BTC’s terms

According to the official announcement, Thorchain’s ThorWallet DEX’s total volume recently surpassed the $200 million milestone. This means the DEX has been growing at a healthy pace.

The achievement notably occurred at a time when the market has been leaning more in favor of the bears or rather, the bulls have been struggling.

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⚡️BREAKING NEWS: @THORWalletDEX smashes through the $200M total volume milestone! 🎉

Thank you to our amazing community for being part of this achievement. Keep riding the DeFi wave with us! 🌊🌊🌊 pic.twitter.com/AXrERs6tAl

— THORWallet DEX⚡️ (@THORWalletDEX) October 14, 2023

The development indicated that Thorchain was on the right path as far as adoption was concerned. It will be interesting to see how both the ThorWallet DEX and the Thorchain protocol perform once the bull market is in full swing.

Will the growing DEX volume in the Thorchain ecosystem have an impact on its native cryptocurrency, RUNE? The latter qualifies as one of the most bullish cryptocurrencies in the last four months.

However, its performance in the first two weeks of October was bearish, as the price cooled from its previous rally.

RUNE owed its previously bullish performance to confidence due to the organic growth that the network has achieved so far this year. Its $2.26 peak at the start of October was the highest price point that it has achieved so far in 2023.

Its $1.65 press time price represented a 27% discount from its aforementioned peak.

RUNE price action

Source: TradingView

RUNE has been trading sideways for the last few days, and this is quite significant. It either means that the bears have lost their momentum or that RUNE holders are unwilling to sell below the press time price level.

The latter suggested that traders were still heavily optimistic about RUNE’s future prospects at the time of writing.

On-chain data revealed that RUNE is still in a low-volume phase at press time, which was in line with the sideways price action. This was also reflected in the Open Interest in USD per Exchange, which was at its lowest point in the last 30 days.

This was a sign of the prevailing directional uncertainty.

Thorchain volume and open interest in USD per exchange

Source: Santiment

Is your portfolio green? Check out the RUNE Profit Calculator

While RUNE was experiencing its slow phase, the Thorchain network has something else going for it. Development Activity in the network has been rising, especially since the start of October. At the time of writing, it was at its highest level in the last four weeks.

RUNE development activity

Source: Santiment

The rising development activity could help inject more confidence back into traders, potentially aiding the bulls.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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