Valued in terms of RUNE, the network’s native token, the rally in the last month caused THORChain’s TVL to break its May all-time high. As of this writing, TVL in RUNE stood at 152 million RUNE.As the general cryptocurrency market attempted recovery in early December following the market wipeout caused by FTX’s fallout, liquidity held on THORChain grew as well.
, a DEX built atop THORChain, the volume of liquidity held on the network surged due to the general increase in user activity across DEXes following FTX’s unexpected collapse.However, the rewards earned for providing liquidity to THORChain decreased since the start of the year, mirroring the general decline in DeFi yields in the market.Breaking its correlation with the rest of the cryptocurrency market following FTX’s collapse, RUNE’s value has since gone up.
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