RUNE Up 17% After Talks Of Major Partnership Hit The Market – Details


By PR1ME at Sat, 17 Aug 2024 21:00:03 +0800 | Cryptocurrency Market News |

RUNE Up 17% After Talks Of Major Partnership Hit The Market – Details

Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNE’s trajectory is upward with a whopping 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects of its latest developments are reflected on the platform.

Word has recently spread that ThorChain might be integrated with OKX in the future. This significantly changed investor outlook on the platform as integration with OKX, a major centralized exchange, will be a big factor for RUNE’s movement in the future. 

Big Things To Come In The Future For RUNE

According to X user Rayyk, the OKX has been using ThorChain infrastructure to facilitate transactions in recent months. Metrics-wise, OKX’s use of Thorchain is primarily in swaps, making the latter a vital part of OKX’s swap volume. 

In Rayyk’s thread, OKX and ThorChain’s swap volume reached 20 million within just one week, showing ThorChain’s reliability despite the high volume. ThorChain’s capabilities in swaps involving Bitcoin complement OKX’s support for Bitcoin-based features like ordinals and BRC-20 tokens. 

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