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
