RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers. Even as RUNE flatlines, there is confidence that prices may rally in the coming days primarily because of fundamental factors and efforts made by the development team. THORChain Revenue Rising After Swap Fee Increment In a post on X, one analyst noted that THORChain has nearly doubled its revenue in the past two days following the community’s decision to increase the minimum swap fee on the DEX. Related Reading: Injective (INJ) Bounces Back: Investor Momentum Sparks 12% Rally Recently, THORChain node operators approved and implemented a proposal to increase the swap fee for layer-1 native exchanges to 0.05%. The seemingly minor change, the analyst notes, has profoundly impacted THORChain’s protocol, increasing daily revenue by nearly 100%. Interestingly, the analyst noted that while fee increments in protocol tend to impact user experience negatively, it had the opposite effect on THORChain. While the swap ..
Support the originator by clicking the read the rest link below.
