THORChain Closes August At $613M Following July’s Unmatched $796M Surge
TL;DR
- THORChain recorded $613M in August swap volume, down 23% from July’s $796.97M.
- Active wallets climbed 57% to 23.5K, while 21.8K new wallets joined the network.
- Protocol-owned liquidity went live through v3.20, directing 20% of system income into protocol-controlled positions.
THORChain closed August with $613M in swap volume, marking a 23% decline from July’s $796.97M. The drop, however, came without the unusually large daily spike that boosted July, when a single $75M session significantly lifted the monthly figure.
User activity moved in the opposite direction. Active wallets reached 23.5K, up 57% month over month, while 21.8K new wallets joined during August. That brought total unique wallets to more than 1.13 million, suggesting that network participation continued expanding even as aggregate trading volume cooled.
THORChain Activity Becomes More Distributed
August’s volume developed more evenly across the month. Daily activity reached roughly $40M around August 20–21 before falling sharply on August 26–27 following a network halt linked to a node execution mismatch. THORChain recovered quickly, with daily volume returning to approximately $30M–$34M during the final 2 days.
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