HORChain’s Mainnet Launch Spurred RUNE’s 20% Daily Rally

THORChain’s mainnet launch has opened the floodgates for bullish activity in its native token – RUNE. Over the past 24 hours, the asset rallied by over 20% to an intraday high of $2.3 amid a quick market-wide rebound. After a mild pullback, the token settled near $2.2 at the time of writing.

The latest bout of surge comes after THORChain achieved mainnet status four years since its inception. The mainnet launch has been a long-anticipated one. THORChain was planning for it since late 2021, but several issues delayed the actual release. The decentralized liquidity protocol has mostly been a research project, but the achievement marks a key milestone signaling a new phase of development, scaling, and adoption.

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