Where native liquidity flows on THORChain
THORChain settles every cross-chain swap in the real asset — no bridges, no wrapped IOUs. Browse live pools, connected blockchains, and the operators bonding RUNE behind every trade.
Native cross-chain settlement, by design
Native settlement
Every swap lands in the real asset on its real chain. No wrapped tokens, no synthetic exposure, no IOUs to redeem.
No bridges, no custodians
THORChain holds the liquidity itself, secured by RUNE-bonded nodes. There is no bridge contract to compromise.
One pool per asset
Every chain pairs against RUNE in a single deep pool. ETH→RUNE→BTC executes atomically through shared liquidity — no orderbook, no bridge contract, no per-pair fragmentation.
Pools, chains and assets
THORChain connected blockchains
How a THORChain swap settles
1. Send
Send the source asset (BTC, ETH, BNB…) to a THORChain inbound vault on its native chain.
2. Route via RUNE
The network swaps source → RUNE → destination across continuous-liquidity pools, atomic on-chain.
3. Confirm
Bonded nodes co-sign the outbound transaction — no bridge, no custodian, no wrapped token.
4. Receive
Native asset lands in your destination wallet on its native chain. One transaction, end-to-end.