Solana Integration with THORChain

JUL

16

Event date

Wednesday 16 July 2025, UTC

Event description

On July 16, 2025, THORChain will launch its v3.8 Mainnet upgrade, introducing EdDSA support to enable Solana (SOL) vaults. This move allows THORChain, a cross-chain liquidity protocol, to integrate Solana’s high-speed blockchain, facilitating seamless asset swaps and liquidity provision. The significance? This integration could unlock $SOL for THORChain’s decentralized exchange (DEX), tapping into Solana’s growing ecosystem—known for its low-cost transactions and scalability. Expected impact includes increased liquidity (potentially boosting THORChain’s $127 million liquidity pool) and broader adoption, especially for DeFi users seeking cross-chain efficiency. A follow-up v3.9 Stagenet test is slated for next week, with a Mainnet launch targeted for early August 2025, barring delays.

Recent News

Over the past three months, THORChain has made waves with its Q1 2025 report, revealing $19.62 billion in total USD volume and a peak daily volume of $1.49 billion. The project also sunsetted THORFi lending and savers, redirecting focus to new chain integrations like Solana, led by Strangelove. This aligns with Solana’s momentum, where user adoption and validator growth continue to surge, as noted in a February 2024 Medium analysis.

Future Plans

Post-upgrade, THORChain aims to expand support for additional chains like TRON, TON, and XRP in Q2 2025, per its roadmap. The v3.9 release will test Solana integration, with a full Mainnet rollout planned within a month if testing succeeds. Long-term, THORChain envisions enhancing its RUJI app layer and refining the TCY claims process, positioning itself as a leader in cross-chain DeFi.

Onchain Data

Specific onchain metrics for this integration are pending, as testing is ongoing. However, THORChain’s current liquidity dropped from $329 million to $127 million in Q1 2025, reflecting a strategic pivot. Solana’s network processed over 1.2 billion transactions in 2024, hinting at the potential volume THORChain could tap into. Updates on node resource requirements—crucial given Solana’s high compute demands—are still awaited.

Community Sentiment

X sentiment is overwhelmingly positive, with users like @familiarcow and @Zdeadex celebrating the timeline and crediting @gnudrew25’s team. Influencers like @crypto_XZ call it “huge,” while @Rocco_717 seeks clarity on node costs, reflecting active engagement. A 2022 Reddit thread on r/THORChain highlighted past concerns about Solana’s node expenses, suggesting this upgrade addresses long-standing technical hurdles.

Additional Insights

Solana’s EdDSA adoption enhances security over ECDSA, resisting side-channel attacks, a boon for DeFi trust. Competitors like Cosmos and Polkadot also pursue cross-chain solutions, but THORChain’s focus on non-custodial liquidity sets it apart. Users may benefit from lower fees and faster swaps, though early adopters should monitor stability post-launch.

Risk Disclaimer

As with any upgrade, technical glitches or delays could occur. Always research and assess risks before participating.

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THORChain (RUNE) Events List

THORChain v3.10.0 Release

The v3.10.0 release addresses key improvements, including fixes for Base chain bugs that previously impacted lending and trade strategies, reducing fees from $10 to $1 per transaction. A standout addition is the introduction of enshrined oracles, a secure method for validators to provide price data, minimizing governance risks. The update also lays the foundation for an Advanced Swap Queue with limit orders, though this feature will roll out post-v3.11 on September 1, 2025. This upgrade aims to boost user experience and liquidity, potentially attracting more traders to the ecosystem. Note that as with any major update, there’s a small risk of temporary volatility or technical hiccups—always stay informed and cautious.Recent NewsOver the past three months, THORChain has made waves with the addition of Base chain support, bringing assets like ETH, USDC, and cbBTC into its network. This marks the first new chain integration since Binance Smart Chain, showcasing the project’s commitment to expansion. Additionally, the soft launch of RUJI Swap has enabled direct swaps with base layer pools, hinting at a broader app layer rollout. These developments signal a busy and innovative period for the team.Future PlansLooking ahead, THORChain’s roadmap includes the full deployment of CosmWasm smart contracts to power the THORChain App Layer, with RUJI evolving to support secured assets. The v3.11 release in early September will activate the Advanced Swap Queue, promising enhanced trading flexibility. Longer-term goals involve THORFi recovery efforts and new pool integrations, positioning THORChain for sustained growth in the cross-chain DeFi market.Onchain DataCurrent onchain metrics highlight THORChain’s robust activity, with a market cap of $478 million and a daily trading volume of $118 million. While specific staking or wallet activity data for this update isn’t fully available yet, the platform’s consistent transaction throughput underscores its reliability. Keep an eye on analytics platforms as the release nears for real-time insights.Community SentimentThe X community is buzzing with excitement about v3.10.0, with users praising the fee reductions and oracle innovation. Some predict a price surge for RUNE, the native token, with optimistic forecasts of $4 before the upgrade. While sentiment leans positive, a few voices call for token burns to boost value, reflecting diverse opinions. This lively discussion suggests strong community engagement and anticipation.Additional InsightsTHORChain’s focus on reducing costs and improving functionality comes at a time when cross-chain solutions are gaining traction amid rising DeFi adoption. Compared to competitors, its decentralized approach without wrapped assets offers a unique edge. For users, this means lower fees and broader access to assets, making it an appealing choice for both newbies and seasoned traders.With this upgrade, THORChain is poised to enhance its ecosystem and user base. Stay tuned for more updates as the release date approaches!

THORChain

August 24

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