THORChain’s September surge was driven by a hack‑linked rally, not organic growth.
In just five days the protocol earned roughly 63% of its record $3 million monthly revenue, even though wallet activity barely moved. This suggests that external shocks can temporarily inflate DeFi earnings without a corresponding user base expansion.
Per CryptoSlate, the spike was tied to the Bitget hack, highlighting how security events can ripple through liquidity networks.
💬 Do you think such episodic income spikes are sustainable for long‑term DeFi health?
In just five days the protocol earned roughly 63% of its record $3 million monthly revenue, even though wallet activity barely moved. This suggests that external shocks can temporarily inflate DeFi earnings without a corresponding user base expansion.
Per CryptoSlate, the spike was tied to the Bitget hack, highlighting how security events can ripple through liquidity networks.
💬 Do you think such episodic income spikes are sustainable for long‑term DeFi health?