THORChain V3.7.0 Release

The V3.7.0 release, set for June 17, 2025, is dubbed a “small release” focused on enhancing network stability [X Post ID: 1932734978741178455]. Key highlights include enabling @Nami_Index_ for better indexing, refunding bond slashes from the Bifrost upgrade to node operators, and laying groundwork for RUJI Perps—a decentralized perpetual futures product by @Levana_protocol [X Post ID: 1932734978741178455]. This update also introduces automatic churn of passive validators and removes native tokens like $TCY from the TVL cap, potentially unlocking new liquidity [X Post ID: 1932734978741178455]. The purpose? To strengthen THORChain’s infrastructure and pave the way for advanced DeFi offerings. Expect increased efficiency and a potential surge in user activity as RUJI Perps nears launch.

Recent News

THORChain has been busy in 2025. In April, the Q1 2025 Report highlighted the soft launch of RUJI Swap, enabling direct swaps with base layer pools, and the integration of CosmWasm smart contracts [Medium: THORChain Q1 2025 Report]. On June 11, the project launched enshrined oracles, a native pricing system using feeds from exchanges like Binance and Kraken, reducing reliance on third-party providers like Chainlink [Coinmania, June 11, 2025]. Additionally, a new Vultisig-Blockaid partnership enhances wallet security with transaction simulation and threat detection [X Post ID: 1932875914150384109]. These moves signal THORChain’s push toward a self-sustaining ecosystem.

Future Plans

Looking ahead, THORChain aims to expand RUJI Perps to Mainnet post-3.7.0, pending Stagenet testing [X Post ID: 1932745032127164724]. The roadmap includes adding new chains and an App Layer with secured assets [Medium: THORChain Q1 2025 Report]. Long-term, the project envisions becoming the liquidity hub of capital markets, with $RUNE as the base layer for price discovery [X Post ID: 1933028263657664983]. This aligns with their goal of thriving for decades, as noted by @markfromdenmar_ [X Post ID: 1932716790951408054].

Onchain Data

Specific onchain metrics for V3.7.0 are not yet available as of June 12, 2025, but THORChain’s recent activity shows robust usage. Affiliate trading volume hit $33M weekly, with Thorwallet and Thorswap leading at $20M and $17M, respectively [X Post ID: 1932806110345363697]. The network remains at its hard cap, with plans to adjust economic security via a new mimir [Medium: THORChain Q1 2025 Report]. Post-update, expect a spike in transaction volume as new features roll out.

Community Sentiment

X is buzzing with excitement! @FelisNorwegicus’s breakdown earned praise, with users like @THORchad calling it a “game changer” and predicting a DEX flippening over CEXs [X Post ID: 1932900643720622372, 1933028263657664983]. Influencers like @leodexio note ATH shipping rates, reflecting optimism [X Post ID: 1932900643720622372]. Some, like @BooneW, question the oracle shift from Chainlink but acknowledge the long-term vision [X Post ID: 1932735537464664254]. Sentiment leans bullish, though minor concerns about testing delays linger.

Additional Insights

THORChain’s focus on native swaps and minimal dependencies sets it apart from competitors like Uniswap, which rely on wrapped assets. The V3.7.0 update could attract new users, especially with RUJI Perps on the horizon. A risk disclaimer: as with any upgrade, potential bugs or market volatility may occur—always DYOR and assess your risk tolerance.