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THORChain Mainnet Update 30 September
Event Date: Thursday, September 30, 2021
Event Time: 12:00 CET
THORChain Mainnet Update to Add More Options For the Network
Updated Saturday, June 12, 2021
EVENT ENDED
After introducing the Chaosnet earlier in 2021, THORChain plans to do an upgrade to its mainnet which hopes to revolutionize the DeFi space by eliminating third-party custodians. The upgrade will bring in the ASGARDEX platform Cross-chain DEX/wallet, it will allow for unlimited staking and no caps. Besides, it will also introduce the ETH/ERC20 swaps among others.
Factors Affecting RUNE Prices
The sentiment in the crypto market has a major impact on the price of RUNE. RUNE/USD was already bullish as a result of the sentiment being positive in the cryptocurrency market and gained further momentum after the release of the Chaosnet in April this year. It climbed to record highs above $22 by the middle of May, but reversed down as the entire market did at the end of May. Although, the new THORChain Mainnet update will help RUNE push higher, as it did in after the Chaosnet release. By that time though, the sentiment in the crypto market will have turned positive.
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About THORChain Mainnet Update 30 September
THORChain is a decentralized blockchain network with the primary aim at making possible for its users to exchange cryptocurrencies between different networks. It does this by combining a range of advanced technologies, like the Bifröst Signer Module, a state machine, as well as a TSS protocol to seamlessly facilitate cross-chain token change/swaps. THORChain has its own native token called RUNE which is available on Binance Chain (as a BEP-2 token), Ethereum (as an ERC-20 token) etc. it has a current market cap of $2.1 billion and a total market cap at $4.95 billion.
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