THORChain's DeFi USD TVL Drops 50% in Q1, Native Deposits Surge Despite RUNE's 74.5% Correction

Sunday, Apr 27, 2025 11:57 pm ET1min read

THORChain's native token, RUNE, suffered a 74.5% QoQ correction in Q1 2025, closing at $1.14. This underperformed major digital assets and resulted in a 73.8% drop in market capitalization. Despite the slump, native participation in THORChain's ecosystem remained strong, with RUNE-denominated TVL increasing 93.2% QoQ. However, swap activity declined 24.4% QoQ to $68.8 million, and on-chain data showed a drop in user engagement.

THORChain's DeFi USD TVL Drops 50% in Q1, Native Deposits Surge Despite RUNE's 74.5% Correction