The approaching mainnet launch for Rune has pushed the token’s price to a new high of $6.01.

Terra (LUNA) is now part of the THOR Chain protocol, allowing the platform to handle Cosmos-based applications.

The THOR Chain network has surpassed 1.5 million permissionless decentralized swaps.

The THOR Chain ($RUNE) token gained 76.25 percent in value during the week.

THOR Chain is a self-contained blockchain that was created using the Cosmos SDK, which acts as a cross-chain decentralized trading (DEX).

The project’s key distinguishing feature is that it employs an automated market maker (AMM) methodology, with the native token $RUNE serving as the basis swap pair. Any user may exchange native assets between chains using the non-custodial THOR Chain APIs.

The incorporation of Terra (LUNA) into the THOR Chain protocol, as well as the forthcoming mainnet launch, has boosted the value of the THOR Chain ($RUNE) token.

The token hit a seven-day low on February 28 when it fell to $3.41 in value.

The token peaked on March 3, when it was worth $6.01, representing a $2.6 increase in value, or 76.25 percent increase.

The token’s value has dropped significantly in the previous 24 hours. The coin had a value of $6.01 on March 3, 2022, and then dropped to $4.289 on March 8, 2022, where it is presently trading. This means that the THOR Chain ($RUNE) token’s value has dropped by $10.16, or 15.66 percent.

Recent Developments

The incorporation of Terra (LUNA) into the THOR Chain protocol is one development that has piqued the interest of the $RUNE community. The Nine Realms made the news on Twitter on March 1, 2022.

As a consequence of this integration, the platform is now able to accommodate all Cosmos-based projects.

This also means that $UST and $LUNA have been introduced to the THOR Chain ecosystem, giving users a wider range of trade and staking opportunities.

THOR Chain also revealed that the THOR Swap cross-chain decentralized exchange would support six wallet types and eight blockchains in total. THOR Chain is working on adding support for both Have and Monero.

THOR Chain has revealed that it now supports six different wallet types.

• Keystore file
• Ledger
• Xdefi Wallet
• Trust wallet app
• Meta mask app
• Terra station

THOR Chain increased in scale as well, where I saw 1.5 million decentralized permissionless swaps, a network that grew from 0 to 73 nodes, and a high amount of instability that was endured while delivering over 81 significant network upgrades.

Upcoming Events

The THOR Chain network will be upgraded through a hard fork, which will be thoroughly evaluated on the testnet before moving on to Stagenet following the Terra launch and ChaosNet before the mainnet launch.

Since 2021, when the launch was initially intended, the introduction of the forthcoming mainnet has been a widely anticipated event. Nevertheless, it has been postponed owing to a variety of issues. The exact date for the mainnet launch has yet to be announced.

Meeting all of the testnet objectives, which include rehearsals of adding and deleting chains, removing Bitcoin ($BTC) and Litecoin ($LTC) from the testnet, as well as many test runs with forking the chain itself, are all prerequisites that must be met prior to the introduction of the mainnet.