Is THOR seeing a comeback?
Just some days ago we got an update about the newest integration on the THOR network: XMR is going to be added soon which will be a long awaited integration of a privacy coin within the DeFi space.
But have you heard of RUJIRA?
RUJIRA and its coin RUJI is the official DeFi application layer built on top of THORChain. You can think of THORChain as the secure base liquidity layer (enabling native cross-chain swaps without bridges or wrapped tokens)and Rujira as the DeFi gateway which adds advanced on-chain financial tools directly powered by THORChain’s deep liquidity and native asset support.
This is what the DeFi network offers:
Full DeFi suite: Includes RUJI Trade (on-chain order book DEX), RUJI Pools, lending, perps, liquidations, and more.
Native asset experience: Users can trade, lend, and earn yield using real BTC, ETH, and other native coins without any wrapping.
RUJI token: The fee-switch token of the App Layer in which stakers earn revenue (paid in USDC) generated by all applications on Rujira, after sharing a portion with THORChain for security and liquidity. The coin has a fixed supply of 100 million RUJI (no inflation).
How is it different to other Apps on THORchain?
Most DeFi apps on THORChain are front-ends or simple integrators that mainly route trades directly through THORChain’s liquidity pools (using its native cross-chain swaps). The RUJI Network, however, is a dedicated App Layer on top of THORChain.
Some of the key highlights that are being developed (or still in development) are:
- 100% on-chain orderbook DEX (Ruji Trade)
- Perpetual futures (Perps)
- Lending / Money Market
- BTC-backed stablecoin
- Liquidations, indexes
- ...
There is still a bit of work required to get this all together, but should the team pull this off, it's definitely going to get pretty hot...
And speaking of it; the coin is currently in break out mode, just exactly before I wanted to buy more of it :D
Since I am expecting a peak in 2028 now, I gave a very rough projection of a conservative (imo) estimate of where things could be going. With a 100 million supply cap, RUJI at $10 would have a 1 Billion MC which seems quite reasonable in light of what this network could bring to the DeFI space.
Conclusion
It seems we will once again be careful which eggs we will put in the basket for the (hopefully) next bull run. DeFi and privacy have been themes I have been expecting to gain traction for several years and I am still betting on them.
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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