Following the launch of the THORChain Mainnet, the price of RUNE has increased by 55 percent in the last seven days

RUNE’s value has increased by 16 percent after THORChain announced the launch of its mainnet on Wednesday. On Wednesday, both the mainnet launch and Binance’s “Rune in a Million” promotion were revealed. Binance is providing its clients with a total of $1 million in RUNE rewards.

Seven days after the announcement, RUNE’s price had risen 55.2 percent to $2.38 at the time of writing, according to CMC. Despite the increase, RUNE is still down 31% from its low of $3.21 at the beginning of June.

Community Visible Strong Support

Cross-chain exchange and network proof-of-bond THORChain enables users to move assets across many networks, including Binance Smart Chain, Ethereum, Dogecoin, and Bitcoin, via liquidity pools. The exchange may also trade synthetic assets. According to the organization, over $3.7 billion in native on-chain swaps have been executed, with approximately $299.7 million in total value locked (TVL).

Mainnet is a fully functional, feature-rich protocol with a large ecosystem and a strong community. According to the development team, the community is pleased about this big milestone that has been in the works for a long time. Several major announcements regarding the asset’s future support have been made. Binance, Crypto.com, Coinspot, SWYFX, and KuCoin are among them.