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THORChain Swap Volume Surges as Bitget Stolen Funds Move Through Network

Daily swap volume topped $500 million and fees exceeded $800,000 during the Sept. 24-26 period.

By Simon Yoon
Published
Metal tokens crossing a stone bridge between secure platforms / TokenPost.ai
Metal tokens crossing a stone bridge between secure platforms / TokenPost.ai

Funds stolen from Bitget moved through THORChain from Sept. 24 to Sept. 26, coinciding with a sharp increase in the network’s swap activity and fees.

Daily swap volume topped $500 million during the period, while daily fees exceeded $800,000. THORChain’s total swap volume reached $1.72 billion through Sept. 26, compared with $610 million for all of August.

Fees also climbed sharply. The network generated $2.2 million in fees through Sept. 26, versus $660,000 in August.

A similar spike occurred in April while funds stolen from KelpDAO moved through THORChain, providing context for the latest surge in network activity.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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