Founded in 2018, THORChain operates on its own blockchain. It enables native swaps across many networks by converting your coin into RUNE, then swapping RUNE into the target coin. On the front end, this appears as a simple swap, and you don’t need to hold or manage RUNE yourself.
THORChain uses several methods to secure the network. One of which is granular halting controls via node Nimir and an automatic solvency checker.
Supported Chains: Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos Hub, Dogecoin, Bitcoin Cash, Litecoin, Base, Ripple, TRON, Radix, Maya, Kujira, Dash, Arbitrum, Zcash, Solana, THORChain.
| Parameters | Details |
| Cross-Chain Swap Type | Liquidity pool-based |
| Security Architecture | BFT consensus, Smart contract-based |
| Liquidity Depth | Community liquidity pools |
| Decentralization Level | Non-custodial |
| Swap Speed and Reliability | Dependent on the source and destination chain |
| Fees and Cost Transparency | Network gas fees + liquidity pool swap fees |
| Regulatory and Custody Risk | Self-custodial |
Source: https://coingape.com/best-cross-chain-swap-platforms/