As reported by CryptoPotato, the decentralized liquidity protocol ThorChain set a new record for single-day trading volume on October 5, with trading volume surging to $355 million. The cumulative trading volume over the past five days has exceeded $1 billion. Analysis shows that the surge in trading volume coincides with an increase in the number of network-related swaps. On October 5, when the trading volume was close to $355 million, the number of network-related swaps was 115,630. Compared with the previous day, when the number of swaps was 61,877 and the total trading volume was only $170.8 million, the trading volume from October 4 to October 5 increased by 107.6% month-on-month. Analysts believe that the sudden surge in trading volume may be related to the recent increase in hacker activities, especially cross-chain BTC transactions are the main contributors to the surge in trading volume. In response to these adverse events, ThorChain's product ThorSwap has reportedly suspended the platform and moved into maintenance mode.
