JANUARY 2026 METRICS OVERVIEW

Our data analysis for January is now complete.

Even amidst a slow market, the protocol successfully generated $1.1M in revenue. Additionally, the ecosystem achieved a major milestone as the number of cumulative wallets crossed 1M. To ensure continued stability, $53M remains bonded to secure the network.

Notably, streaming swaps facilitated a $30M BTC→ETH trade, marking the largest swap ever executed in DeFi history.

THORChain is functioning exactly as designed and is currently operating at an institutional scale.

Read the full January report below