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THORSwap Stats

Name: THORSwap
Price: $0.0992
Ticker: (THOR)
Rank: 612
Circulating Supply
196 Million
Total Supply
464 Million
Max Supply
464 Million
Marketcap
20.1 Million
24H Volume
$ 180,728
Heat Level
-89.9°c
Asset Type
Token
Website Speed
Slow
24H High
$0.109
24H Low
$0.101
Following: 1,182
Follower: 47.4K
Coming Soon

THORSwap Heatmap

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Thorswap Review

Thorswap (THOR) is a decentralized cross-chain DEX aggregator that allows users to swap assets between different blockchains without having to go through a centralized exchange. Thorswap is built on the THORChain blockchain and uses a variety of innovative technologies to achieve its cross-chain functionality.

Technology

Thorswap is built on a number of innovative technologies, including:

  • THORChain: Uses the THORChain blockchain to achieve cross-chain functionality. THORChain is a Tendermint-based blockchain that uses a variety of innovative technologies to allow for the secure and decentralized transfer of assets between different blockchains.
  • THORSwap DEX aggregator: Aggregates liquidity from multiple DEXs on different blockchains to provide users with the best possible exchange rates. This is done by using a variety of factors, such as price, liquidity, and slippage, to determine the best route for each swap.
  • THORSwap smart contracts: Uses smart contracts to automate the swap process. This makes it easy and secure for users to swap assets between different blockchains without having to trust a centralized exchange.

Features

Thorswap offers a number of features, including:

  • Cross-chain swaps: Allows users to swap assets between different blockchains without having to go through a centralized exchange. This is supported for a wide range of blockchains, including Ethereum, Bitcoin, Binance Smart Chain, Terra, and Cosmos.
  • DEX aggregation: Aggregates liquidity from multiple DEXs on different blockchains to provide users with the best possible exchange rates.
  • Non-custodial: Is a non-custodial DEX, which means that users always retain control of their funds.
  • Open source: Is an open source project, which means that the code is publicly available and anyone can contribute to its development.

Use cases

Thorswap can be used for a variety of purposes, including:

  • Swapping assets between different blockchains: Is one of the easiest and most efficient ways to swap assets between different blockchains.
  • Accessing cross-chain DeFi applications: Can be used to access cross-chain DeFi applications, such as lending and borrowing platforms, yield aggregators, and decentralized asset management platforms.
  • Providing liquidity: Liquidity providers can earn rewards by providing liquidity to Thorswap's pools.
  • Staking THOR tokens: THOR tokens can be staked to earn rewards and support the security of the network.

Conclusion

Thorswap is a promising new decentralized cross-chain DEX aggregator. It is built on a number of innovative technologies and offers a number of features that make it attractive to both traders and liquidity providers. Thorswap is still under development, but it has already made significant progress and has a growing community of users. Thorswap is worth keeping an eye on as it continues to develop.

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