THORChain DEX had a trading volume of $224 million over the past 24 hours, 2.7 times its usual daily average (ranked 12th among DEXs). For $RUNE , this data can be viewed on two levels:
First, rising trading volume generally means protocol fees are also increasing, which may indicate a marginal improvement in the protocol’s fundamentals;
Second, whether those fees accrue to the token depends on THORChain DEX’s revenue-sharing mechanism, so they can’t be directly linked to the token price.
What will you be looking at next?
First, rising trading volume generally means protocol fees are also increasing, which may indicate a marginal improvement in the protocol’s fundamentals;
Second, whether those fees accrue to the token depends on THORChain DEX’s revenue-sharing mechanism, so they can’t be directly linked to the token price.
What will you be looking at next?
