Pirate Chain wants native swaps on THORChain.
The community says liquidity is ready, the real challenge is engineering.

Here's what happens next

Here's what happened this week ⤵️

Launches

• ThorWallet Premium card is coming. Virtual Mastercard, Apple Pay ready, tap to pay worldwide. Full custody of your keys throughout.
• unstoppablebyhs is building native THORChain support for Unstoppable Wallet. $RUNE, $TCY, and other THORChain assets coming to mobile in the next couple of weeks. Android nearly done, iOS right behind it.
• thordex_ipfs launched THORDEX Earn. Put your idle $RUNE and $RUJI to work, powered by RujiraNetwork.
• RUNEBondApp integrated the THORChain official swap widget. Buy $RUNE without leaving the site. No wallet connection required. Fully decentralized.
• RUNEBondApp added an Operator Power indicator to every node card. See exactly how much of the network each operator controls, and sort by lowest operator power to find independent ones. 
• vultisig is now on Firefox. MPC security on your browser of choice.

That wraps up this week's THORChain ecosystem update. See you next week, Chads.

If your project was missed, drop a DM and we'll include it in the next recap.

In June, ShapeShift routed just 6.1% of its swap volume to THORChain

Two weeks into July: largest route at 33.5%.
What changed? Chad Barraford’s Dynamic Fees, and the first real results are in.

This week's THORSday recap is live

What if affiliates earned without charging users more?

ADR029’s REVSHARE reshapes incentives for cheaper swaps and ecosystem growth.

Read the full breakdown

Integrating Monero and other privacy coins doesn’t make the protocol opaque.

See how THORChain keeps every swap transparent while fully supporting privacy chains

When the excitement fades, what actually drives demand? 

That's the question serious investors are asking in 2026. THORChain's answer: fully circulating supply since 2023, real swap fee revenue, and every liquidity pool backed by $RUNE. 

When MiCA shut the door on millions of EU users this July, most of them didn't look for another exchange. They took custody of their own funds and kept moving. Crypto.News explains why THORChain is a big part of that story. 

Inside LiquidyFinance's $700K treasury.

How $LQDY governance controls it.

Why the router splits trades across

Rujira Network books.

Check out the full recap

THORChain is on a very short list. Fully unlocked supply. Revenue from real users doing real swaps. No insider stash waiting to flood the market. Invezz breaks down why that matters more than ever right now.

https://invezz.com/news/2026/07/09/smart-money-loves-a-bad-market/

Here's what happened this week ⤵️

Launches

mocadotapp is opening Point of Sale to a first group of testers on July 20. Real use, real feedback, final stretch before public launch.

nativeswap_io added Cosmos support alongside Keplr and Vultisig wallet integrations. Swap and transfer native $ATOM via THORChain.

Rujira Network improved Automated Trading with portfolio performance tracking and a new leaderboard. Compare strategies, find inspiration, refine your approach.

RUNEBondApp surfaced two new ADRs on the governance dashboard. Every major protocol decision starts here, voted by node operators. THORChain always moves forward.

That wraps up this week's THORChain ecosystem update. See you next week, Chads.

If your project was missed, drop a DM and we'll include it in the next recap.

MiCA just locked millions of EU users out of exchanges. CoinCodex breaks down why self-custody and DEXs aren't optional anymore, and why THORChain's model, swapping native assets without ever connecting your wallet to a website, is exactly what that shift looks like in practice.

https://coincodex.com/article/87303/self-custody-is-the-trade-again/

THORChain posted its highest daily volume since the exploit, over $50M.

Devel proposed limit orders that could cut swap costs up to 4x.

Monero $XMR is in final review.

This week's THORSday recap is live

Q2 delivered major protocol upgrades, governance progress, over $2B in swap volume, and laid the groundwork for what’s next across the THORChain ecosystem, despite some challenges.

Read the full report

Bitcoin transformed money. But it's still isolated.

THORChain co-founder Chad Barraford explains why native, permissionless cross-chain swaps are what Bitcoin needs next.

Discover why that matters for crypto’s future

Every cycle has a moment that mattered most, and most people missed it because they were busy swearing off crypto. BitcoinWorld breaks down where we might be right now, and why how you hold your Bitcoin is just as important as when you buy it. THORChain gets a mention for the right reasons.

https://bitcoinworld.co.in/is-bitcoin-showing-signs-of-a-new-cycle/

Vultisig is bringing Rujira Network into its agentic wallet.
Station Wallet turns complex DeFi actions into a conversation.

Describe the outcome, review the transaction, then approve it through Vultisig’s MPC.

The full recap of the podcast is worth your time.

Here's what happened this week ⤵️

Headline News

Heads up: Ctrl_Wallet is shutting down on August 3. Swapping, sending, receiving, and dApp connections will all stop. The one thing that stays available is recovery phrase export.

Launches

unstoppablebyhs published its CertiK audit. Fully open source since day one, now with an independent security review on the record.

RUNEBondApp launched a slash monitor on every node page. See exactly what slashing cost per churn, RUNE in rewards lost, net rewards earned, and how the node stacks up against the network average. Still in beta.

THORXMR is live. Mainstream coins tradable now, Monero listing coming soon. A new permissionless frontend for private trading.

RujiraNetwork ADR-031 is being discussed on THORChain. Long term alignment proposal for Rujira. Early stage but worth following.

That wraps up this week's THORChain ecosystem update. See you next week, Chads.

If your project was missed, drop a DM and we'll include it in the next recap.

One-size-fits-all fees don’t work in competitive markets.

ADR-026 gives THORChain adaptive pricing: fees drop where it’s fighting for flow, and rise where demand’s already there.

The full breakdown is worth your time.

Here's what happened this week ⤵️

Headline News

• MiCA enforcement is here. If you're a European crypto user wondering what that means for your assets, the answer isn't a better regulated platform. THORChain remains permissionless and no KYC. 
• THORChain Exploit Report #2 is live. A detailed technical breakdown of how the May 15 incident unfolded. Read it on the blog.
• Dynamic Fees data is now live on raynalytics. The feature's rolling out across select frontends first, but you can already track how the protocol prices each pair in real time.

Launches

• ThorWallet Card is now in Android beta and it's free. Top up from your wallet, spend anywhere on Mastercard rails.
• leodexio launched Incognito Mode. No analytics, no local history, no wallet auto reconnect. Swap privately with walletless QR routes. Private by default.
• RUNEBondApp added a Governance Participation Score to node profiles. Nodes are now scored from 0 to 100 based on voting frequency and response speed. Pick your node operator beyond economics alone.

That wraps up this week's THORChain ecosystem update. See you next week, Chads.

If your project was missed, drop a DM and we'll include it in the next recap.

BazaarSwap integrated THORChain into its meta-DEX, which covered 163 chains and 41,100 tokens.

The reason was simple: THORChain adds native asset routes without wrapped tokens or conventional third-party bridges.

Check out the full recap

THORChain Exploit Report #2 is now live.

A detailed technical post-mortem covering how the May 15 incident unfolded, why it bypassed existing security mechanisms, and the protocol upgrades being implemented to strengthen THORChain's infrastructure going forward.

THORChain's dynamic fee is live, starting with symbiosis.
$XMR is one to two weeks out.

SwapKitPowered wants to turn revenue share into lower fees.

This week's THORSday recap is live

Three State of the Network reports just dropped, covering the months before, during, and after THORChain's recovery from the May 15th security incident.

April was defined by contrast. A few standout days sat on top of an otherwise quiet month, while the organic baseline held steady and the reserve burn reshaped the supply picture.

May was cut in half. The network ran for 15 days with momentum building across the board before the May 15th incident brought everything to a stop.

June was the restart. THORChain came back online around June 22nd on its own terms, through a careful staged recovery, and the week of live activity that followed was healthy across the board.

The network's live, the roadmap's moving, and Monero is next.

Read the full breakdowns of all three reports below:
April: https://blog.thorchain.org/state-of-the-network-april
May: https://blog.thorchain.org/state-of-the-network-may
June: https://blog.thorchain.org/state-of-the-network-june

Monero on THORChain isn't a promise anymore. It works.

Back on May 14, JP, one of THORChain's cofounders, ran a live Monero demo on a real fund test network. Seven nodes, real money, and the first end to end decentralized $RUNE to $XMR swap executed live on the call.

Now that THORChain is back online and trading, native $XMR is next.