THORChain now has a public-facing dashboard that puts its revenue, trading volume, staking data, and network distribution metrics on full display. The move is part of a broader transparency push that includes a collaboration with DeFiLlama and independent analytics from data analyst Raynalytics.
The numbers behind the comeback
In July 2026, its first full month after restarting trading, the protocol generated $950K in fees, placing it 12th among all decentralized exchanges. Trading volumes during that same month hit approximately $797M.
As of mid-August 2026, THORChain’s cumulative fees have reached $173M, while total swap volume has crossed $124B.
The protocol’s core value proposition has always been enabling native asset swaps without wrapped tokens or bridges. You send real BTC and receive real ETH, with liquidity providers and node operators earning fees from every transaction.
