• bitcoinBitcoin (BTC) $ 96,785.00
  • bitcoinBitcoin (BTC) $ 96,981.00
  • ethereumEthereum (ETH) $ 2,673.59
  • ethereumEthereum (ETH) $ 2,690.67
  • xrpXRP (XRP) $ 2.71
  • xrpXRP (XRP) $ 2.73
  • tetherTether (USDT) $ 1.00
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 673.84
  • bnbBNB (BNB) $ 673.30
  • solanaSolana (SOL) $ 188.83
  • solanaSolana (SOL) $ 190.08
  • usd-coinUSDC (USDC) $ 0.999946
  • usd-coinUSDC (USDC) $ 0.999934
  • dogecoinDogecoin (DOGE) $ 0.264505
  • dogecoinDogecoin (DOGE) $ 0.265865
  • cardanoCardano (ADA) $ 0.766307
  • cardanoCardano (ADA) $ 0.773178
  • staked-etherLido Staked Ether (STETH) $ 2,671.43
  • staked-etherLido Staked Ether (STETH) $ 2,687.75
  • tronTRON (TRX) $ 0.242791
  • tronTRON (TRX) $ 0.243167
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 96,642.00
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 96,880.00
  • chainlinkChainlink (LINK) $ 18.68
  • chainlinkChainlink (LINK) $ 18.96
  • wrapped-stethWrapped stETH (WSTETH) $ 3,195.96
  • wrapped-stethWrapped stETH (WSTETH) $ 3,213.74
  • stellarStellar (XLM) $ 0.341407
  • stellarStellar (XLM) $ 0.343167
  • avalanche-2Avalanche (AVAX) $ 24.87
  • avalanche-2Avalanche (AVAX) $ 25.02
  • suiSui (SUI) $ 3.28
  • suiSui (SUI) $ 3.30
  • ugold-incUGOLD Inc. (UGOLD) $ 3,039.24
  • ugold-incUGOLD Inc. (UGOLD) $ 3,039.76
  • litecoinLitecoin (LTC) $ 125.28
  • litecoinLitecoin (LTC) $ 126.12
  • the-open-networkToncoin (TON) $ 3.76
  • the-open-networkToncoin (TON) $ 3.78
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • hedera-hashgraphHedera (HBAR) $ 0.220242
  • hedera-hashgraphHedera (HBAR) $ 0.221924
  • leo-tokenLEO Token (LEO) $ 9.72
  • leo-tokenLEO Token (LEO) $ 9.73
  • hyperliquidHyperliquid (HYPE) $ 26.35
  • hyperliquidHyperliquid (HYPE) $ 26.38
  • usdsUSDS (USDS) $ 0.999618
  • usdsUSDS (USDS) $ 0.999630
  • wethWETH (WETH) $ 2,675.16
  • wethWETH (WETH) $ 2,691.05
  • polkadotPolkadot (DOT) $ 4.86
  • polkadotPolkadot (DOT) $ 4.91
  • mantra-daoMANTRA (OM) $ 7.44
  • mantra-daoMANTRA (OM) $ 7.50
  • bitcoin-cashBitcoin Cash (BCH) $ 326.49
  • bitcoin-cashBitcoin Cash (BCH) $ 328.88
  • bitget-tokenBitget Token (BGB) $ 5.04
  • bitget-tokenBitget Token (BGB) $ 5.05
  • ethena-usdeEthena USDe (USDE) $ 0.999020
  • ethena-usdeEthena USDe (USDE) $ 0.999100
  • uniswapUniswap (UNI) $ 9.61
  • uniswapUniswap (UNI) $ 9.68
  • murasakiMurasaki (MURA) $ 4.23
  • wrapped-eethWrapped eETH (WEETH) $ 2,833.90
  • murasakiMurasaki (MURA) $ 4.23
  • wrapped-eethWrapped eETH (WEETH) $ 2,851.79
  • moneroMonero (XMR) $ 230.73
  • moneroMonero (XMR) $ 231.35
  • nearNEAR Protocol (NEAR) $ 3.46
  • nearNEAR Protocol (NEAR) $ 3.49
  • ondo-financeOndo (ONDO) $ 1.29
  • pepePepe (PEPE) $ 0.000010
  • pepePepe (PEPE) $ 0.000010
  • ondo-financeOndo (ONDO) $ 1.29
  • whitebitWhiteBIT Coin (WBT) $ 27.52
  • whitebitWhiteBIT Coin (WBT) $ 27.15
  • aaveAave (AAVE) $ 253.25
  • aaveAave (AAVE) $ 256.53
  • official-trumpOfficial Trump (TRUMP) $ 18.39
  • official-trumpOfficial Trump (TRUMP) $ 18.63
  • daiDai (DAI) $ 0.999701
  • daiDai (DAI) $ 0.999842
  • mantleMantle (MNT) $ 1.02
  • aptosAptos (APT) $ 5.88
  • aptosAptos (APT) $ 5.82
  • mantleMantle (MNT) $ 1.02
  • internet-computerInternet Computer (ICP) $ 6.92
  • internet-computerInternet Computer (ICP) $ 6.96
  • susdssUSDS (SUSDS) $ 1.03
  • susdssUSDS (SUSDS) $ 1.04
  • okbOKB (OKB) $ 51.56
  • okbOKB (OKB) $ 51.72
  • ethereum-classicEthereum Classic (ETC) $ 20.34
  • ethereum-classicEthereum Classic (ETC) $ 20.48
  • bittensorBittensor (TAO) $ 359.57
  • bittensorBittensor (TAO) $ 363.10
  • gatechain-tokenGate (GT) $ 23.16
  • gatechain-tokenGate (GT) $ 23.24
  • kaspaKaspa (KAS) $ 0.107929
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.326158
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.323327
  • kaspaKaspa (KAS) $ 0.108735
  • vechainVeChain (VET) $ 0.033052
  • vechainVeChain (VET) $ 0.033204
  • tokenize-xchangeTokenize Xchange (TKX) $ 31.82
  • tokenize-xchangeTokenize Xchange (TKX) $ 31.85
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 96,761.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 96,964.00
  • crypto-com-chainCronos (CRO) $ 0.087472
  • crypto-com-chainCronos (CRO) $ 0.087523
  • render-tokenRender (RENDER) $ 4.48
  • render-tokenRender (RENDER) $ 4.53
  • algorandAlgorand (ALGO) $ 0.274307
  • algorandAlgorand (ALGO) $ 0.275500
  • jupiter-exchange-solanaJupiter (JUP) $ 0.873940
  • jupiter-exchange-solanaJupiter (JUP) $ 0.882032
  • filecoinFilecoin (FIL) $ 3.38
  • filecoinFilecoin (FIL) $ 3.41
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998252
  • cosmosCosmos Hub (ATOM) $ 4.80
  • cosmosCosmos Hub (ATOM) $ 4.76
  • arbitrumArbitrum (ARB) $ 0.482129
  • arbitrumArbitrum (ARB) $ 0.476947
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998776
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.778919
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.786805
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 96,791.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 96,992.00
  • fasttokenFasttoken (FTN) $ 3.94
  • fasttokenFasttoken (FTN) $ 3.93
  • sonic-3Sonic (prev. FTM) (S) $ 0.518257
  • sonic-3Sonic (prev. FTM) (S) $ 0.518894
  • lido-daoLido DAO (LDO) $ 1.80
  • lido-daoLido DAO (LDO) $ 1.83
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,672.92
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,695.15
  • celestiaCelestia (TIA) $ 3.00
  • celestiaCelestia (TIA) $ 3.04
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,771.44
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,789.87
  • xdce-crowd-saleXDC Network (XDC) $ 0.097544
  • binance-staked-solBinance Staked SOL (BNSOL) $ 196.53
  • binance-staked-solBinance Staked SOL (BNSOL) $ 195.76
  • xdce-crowd-saleXDC Network (XDC) $ 0.097584
  • optimismOptimism (OP) $ 1.11
  • optimismOptimism (OP) $ 1.13
  • kucoin-sharesKuCoin (KCS) $ 12.18
  • kucoin-sharesKuCoin (KCS) $ 12.23
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,560.00
  • raydiumRaydium (RAY) $ 5.02
  • raydiumRaydium (RAY) $ 4.99
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,965.00
  • injective-protocolInjective (INJ) $ 14.61
  • injective-protocolInjective (INJ) $ 14.79
  • ethenaEthena (ENA) $ 0.447047
  • immutable-xImmutable (IMX) $ 0.810175
  • immutable-xImmutable (IMX) $ 0.798659
  • ethenaEthena (ENA) $ 0.450115
  • blockstackStacks (STX) $ 0.920365
  • blockstackStacks (STX) $ 0.929381
  • quant-networkQuant (QNT) $ 93.89
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,000.83
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,019.56
  • nexoNEXO (NEXO) $ 1.35
  • bonkBonk (BONK) $ 0.000017
  • bonkBonk (BONK) $ 0.000017
  • nexoNEXO (NEXO) $ 1.35
  • theta-tokenTheta Network (THETA) $ 1.33
  • theta-tokenTheta Network (THETA) $ 1.34
  • the-graphThe Graph (GRT) $ 0.138436
  • the-graphThe Graph (GRT) $ 0.139641
  • movementMovement (MOVE) $ 0.540134
  • movementMovement (MOVE) $ 0.546548
  • flare-networksFlare (FLR) $ 0.021308
  • flare-networksFlare (FLR) $ 0.021481
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,824.88
  • worldcoin-wldWorldcoin (WLD) $ 1.23
  • worldcoin-wldWorldcoin (WLD) $ 1.21
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,841.60
  • usual-usdUsual USD (USD0) $ 0.997073
  • usual-usdUsual USD (USD0) $ 0.997014
  • sei-networkSei (SEI) $ 0.232857
  • sei-networkSei (SEI) $ 0.234458
  • jasmycoinJasmyCoin (JASMY) $ 0.021881
  • jasmycoinJasmyCoin (JASMY) $ 0.022094
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 96,002.00
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 95,987.00
  • dexeDeXe (DEXE) $ 17.04
  • dexeDeXe (DEXE) $ 17.25
  • galaGALA (GALA) $ 0.022405
  • galaGALA (GALA) $ 0.022654
  • msolMarinade Staked SOL (MSOL) $ 239.22
  • msolMarinade Staked SOL (MSOL) $ 240.69
  • the-sandboxThe Sandbox (SAND) $ 0.390900
  • the-sandboxThe Sandbox (SAND) $ 0.394073
  • telcoinTelcoin (TEL) $ 0.012263
  • eosEOS (EOS) $ 0.631474
  • eosEOS (EOS) $ 0.628286
  • telcoinTelcoin (TEL) $ 0.012163
  • tezosTezos (XTZ) $ 0.897077
  • tezosTezos (XTZ) $ 0.900108
  • flokiFLOKI (FLOKI) $ 0.000094
  • flokiFLOKI (FLOKI) $ 0.000094
  • jito-governance-tokenJito (JTO) $ 3.06
  • jito-governance-tokenJito (JTO) $ 3.07
  • bittorrentBitTorrent (BTT) $ 0.00000088
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.44
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.20
  • bittorrentBitTorrent (BTT) $ 0.00000088
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,770.18
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,787.89
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.81
  • iotaIOTA (IOTA) $ 0.230720
  • wbnbWrapped BNB (WBNB) $ 673.79
  • wbnbWrapped BNB (WBNB) $ 675.13
  • makerMaker (MKR) $ 995.64
  • makerMaker (MKR) $ 997.09
  • iotaIOTA (IOTA) $ 0.227754
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.79
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.24
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.26
  • flowFlow (FLOW) $ 0.519127
  • flowFlow (FLOW) $ 0.515247
  • roninRonin (RON) $ 1.28
  • roninRonin (RON) $ 1.27
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 206.30
  • bitcoin-svBitcoin SV (BSV) $ 39.34
  • bitcoin-svBitcoin SV (BSV) $ 39.59
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 205.10
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,753.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,485.00
  • neoNEO (NEO) $ 10.99
  • neoNEO (NEO) $ 10.91
  • pyth-networkPyth Network (PYTH) $ 0.211124
  • kaiaKaia (KAIA) $ 0.129708
  • kaiaKaia (KAIA) $ 0.130393
  • pyth-networkPyth Network (PYTH) $ 0.208696
  • chain-2Onyxcoin (XCN) $ 0.022654
  • chain-2Onyxcoin (XCN) $ 0.022784
  • usddUSDD (USDD) $ 1.00
  • usddUSDD (USDD) $ 1.00
  • tether-goldTether Gold (XAUT) $ 2,884.98
  • tether-goldTether Gold (XAUT) $ 2,882.96
  • axie-infinityAxie Infinity (AXS) $ 4.42
  • axie-infinityAxie Infinity (AXS) $ 4.37
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.266715
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.264620
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,841.11
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,826.49
  • dogwifcoindogwifhat (WIF) $ 0.660792
  • heliumHelium (HNT) $ 3.69
  • heliumHelium (HNT) $ 3.71
  • dogwifcoindogwifhat (WIF) $ 0.653889
  • spx6900SPX6900 (SPX) $ 0.704789
  • spx6900SPX6900 (SPX) $ 0.694774
  • curve-dao-tokenCurve DAO (CRV) $ 0.503952
  • curve-dao-tokenCurve DAO (CRV) $ 0.498189
  • aerodrome-financeAerodrome Finance (AERO) $ 0.829012
  • aerodrome-financeAerodrome Finance (AERO) $ 0.828875
  • paypal-usdPayPal USD (PYUSD) $ 0.999860
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,691.53
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,673.87
  • fraxFrax (FRAX) $ 0.995860
  • fraxFrax (FRAX) $ 0.995431
  • elrond-erd-2MultiversX (EGLD) $ 22.48
  • elrond-erd-2MultiversX (EGLD) $ 22.34
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.999263
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.997412
  • decentralandDecentraland (MANA) $ 0.333313
  • decentralandDecentraland (MANA) $ 0.330139
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.009736
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.009625
  • arweaveArweave (AR) $ 9.30
  • arweaveArweave (AR) $ 9.17
  • berachain-beraBerachain (BERA) $ 5.57
  • berachain-beraBerachain (BERA) $ 5.56
  • pax-goldPAX Gold (PAXG) $ 2,898.98
  • pax-goldPAX Gold (PAXG) $ 2,893.10
  • conflux-tokenConflux (CFX) $ 0.120660
  • conflux-tokenConflux (CFX) $ 0.119420
  • pendlePendle (PENDLE) $ 3.61
  • pendlePendle (PENDLE) $ 3.57
  • starknetStarknet (STRK) $ 0.228405
  • starknetStarknet (STRK) $ 0.226546
  • meowMEOW (MEOW) $ 0.006534
  • meowMEOW (MEOW) $ 0.006518
  • matic-networkPolygon (MATIC) $ 0.326333
  • matic-networkPolygon (MATIC) $ 0.323172
  • dydx-chaindYdX (DYDX) $ 0.791586
  • resolv-usrResolv USR (USR) $ 0.999994
  • resolv-usrResolv USR (USR) $ 1.00
  • dydx-chaindYdX (DYDX) $ 0.782071
  • pumpbtcpumpBTC (PUMPBTC) $ 95,086.00
  • pumpbtcpumpBTC (PUMPBTC) $ 94,486.00
  • chilizChiliz (CHZ) $ 0.059823
  • chilizChiliz (CHZ) $ 0.059239
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,690.83
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,673.63
  • beam-2Beam (BEAM) $ 0.010566
  • insurance-2INSURANCE (INSURANCE) $ 29.50
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,686.74
  • beam-2Beam (BEAM) $ 0.010451
  • insurance-2INSURANCE (INSURANCE) $ 29.52
  • dohrniiDohrnii (DHN) $ 9.84
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,670.51
  • dohrniiDohrnii (DHN) $ 9.84
  • coredaoorgCore (CORE) $ 0.540229
  • zcashZcash (ZEC) $ 33.67
  • zcashZcash (ZEC) $ 33.65
  • coredaoorgCore (CORE) $ 0.534679
  • apecoinApeCoin (APE) $ 0.724457
  • beldexBeldex (BDX) $ 0.075037
  • ecasheCash (XEC) $ 0.000026
  • ecasheCash (XEC) $ 0.000026
  • beldexBeldex (BDX) $ 0.075092
  • apecoinApeCoin (APE) $ 0.717231
  • wormholeWormhole (W) $ 0.177891
  • wormholeWormhole (W) $ 0.176843
  • kavaKava (KAVA) $ 0.462640
  • kavaKava (KAVA) $ 0.458306
  • compound-governance-tokenCompound (COMP) $ 56.46
  • compound-governance-tokenCompound (COMP) $ 55.84
  • true-usdTrueUSD (TUSD) $ 0.996965
  • true-usdTrueUSD (TUSD) $ 0.997285
  • newton-projectAB DAO (AB) $ 0.010952
  • newton-projectAB DAO (AB) $ 0.010959
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 97,011.00
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 96,932.00
  • aioz-networkAIOZ Network (AIOZ) $ 0.424476
  • aioz-networkAIOZ Network (AIOZ) $ 0.424390
  • clbtcclBTC (CLBTC) $ 97,209.00
  • clbtcclBTC (CLBTC) $ 97,002.00
  • amp-tokenAmp (AMP) $ 0.005754
  • amp-tokenAmp (AMP) $ 0.005738
  • akash-networkAkash Network (AKT) $ 1.90
  • morphoMorpho (MORPHO) $ 2.09
  • morphoMorpho (MORPHO) $ 2.09
  • akash-networkAkash Network (AKT) $ 1.89
  • thorchainTHORChain (RUNE) $ 1.33
  • thorchainTHORChain (RUNE) $ 1.31
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008405
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008341
  • tbtctBTC (TBTC) $ 96,751.00
  • apenftAPENFT (NFT) $ 0.00000046
  • apenftAPENFT (NFT) $ 0.00000045
  • tbtctBTC (TBTC) $ 96,544.00
  • gnosisGnosis (GNO) $ 171.63
  • gnosisGnosis (GNO) $ 170.84
  • quantixaiQuantixAI (QAI) $ 84.92
  • verus-coinVerus (VRSC) $ 5.63
  • verus-coinVerus (VRSC) $ 5.59
  • quantixaiQuantixAI (QAI) $ 84.81
  • fartcoinFartcoin (FARTCOIN) $ 0.433851
  • fartcoinFartcoin (FARTCOIN) $ 0.427206
  • ai16zai16z (AI16Z) $ 0.392509
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,650.01
  • based-brettBrett (BRETT) $ 0.043427
  • ai16zai16z (AI16Z) $ 0.387566
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,666.91
  • based-brettBrett (BRETT) $ 0.042832
  • mina-protocolMina Protocol (MINA) $ 0.352187
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.03
  • mina-protocolMina Protocol (MINA) $ 0.349656
  • axelarAxelar (AXL) $ 0.463162
  • axelarAxelar (AXL) $ 0.460426
  • chex-tokenCHEX Token (CHEX) $ 0.423266
  • story-2Story (IP) $ 1.68
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000077
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999733
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999429
  • chex-tokenCHEX Token (CHEX) $ 0.420110
  • story-2Story (IP) $ 1.66
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000076
  • ketKet (KET) $ 0.412105
  • ketKet (KET) $ 0.413197
  • olympusOlympus (OHM) $ 25.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • zksyncZKsync (ZK) $ 0.110948
  • olympusOlympus (OHM) $ 24.86
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.998417
  • zksyncZKsync (ZK) $ 0.109869
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.992944
  • super-oethSuper OETH (SUPEROETHB) $ 2,688.48
  • super-oethSuper OETH (SUPEROETHB) $ 2,674.65
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,933.29
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,914.73
  • grassGrass (GRASS) $ 1.63
  • grassGrass (GRASS) $ 1.60
  • eigenlayerEigenlayer (EIGEN) $ 1.62
  • eigenlayerEigenlayer (EIGEN) $ 1.60
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,691.23
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,675.38

Why You Should Redeem Your Bitcoin From THORChain’s Lending Service

0 22

Why You Should Redeem Your Bitcoin From THORChain's Lending Service

  bitcoinmagazine.com 10 January 2025 21:00, UTC

Why You Should Redeem Your Bitcoin From THORChain's Lending Service

Two days ago, the atebites X account pointed out that THORChain’s lending service currently has nowhere near enough bitcoin to repay its creditors.

As of the time of the post, the total amount of bitcoin to be repaid to depositors was 1,604, while the lending pool only had 592 bitcoin in it.

We need to be raising awareness on just how bad of a shape Thorchain lending is right now, posing a potential risk to the protocol itself.

As it stands, at current mark to market rates for RUNE, complete loan closure will mint 24 million RUNE.

1,604 in BTC collateral, 18,258… pic.twitter.com/OykZbMQCdx

— atebites (@ate_bites) January 8, 2025

As Lava founder Shehzan Maredia explained in a post on X, when you borrow on THORChain, they sell the bitcoin you put up as collateral for their own token, RUNE. When you repay your loan, they sell the RUNE for bitcoin to give you back your collateral.

I predicted the Thorchain collapse in 2023 when they launched their «lending» feature, and it’s happening now. The lesson people never seem to learn: any system in crypto that can fail will fail.

When you borrowed on Thorchain, they would sell your BTC collateral for their…

— Shehzan (@MarediaShehzan) January 10, 2025

The actual mechanics of how this works are a bit more complex and are detailed on THORChain’s website. See screenshots from the website below:

Why You Should Redeem Your Bitcoin From THORChain's Lending Service

Why You Should Redeem Your Bitcoin From THORChain's Lending Service

The primary issue in this scenario is that half of the value borrowed in U.S. dollar denominations was borrowed when bitcoin traded significantly lower prices than that at which bitcoin trades today, according to atebites.

This means that for THORChain to meet its current demands, it will need to mint upwards of 24 million RUNE (as of January 8). While this would only be about 8% of the circulating supply of RUNE, it would lead to a reduction in the price of the asset, which would give THORChain even less purchasing power as they try to buy bitcoin back on behalf of their creditors.

If traders were to start shorting RUNE on top of this, THORChain’s ability to purchase the required amount of bitcoin to redeem its creditors would diminish even further.

This could lead to something akin to the Terra/Luna death spiral we saw in 2022.

Therefore, even though it isn’t a given that this situation will end in disaster, you may want to redeem the bitcoin you’ve put up as collateral via THORChain’s lending service just in case.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Source

Leave A Reply

Your email address will not be published.