THORChain swap volume explodes past $1B after Bybit hack
THORChain’s swap volume has hit record highs as the Bybit hack laundering frenzy continues.
THORChain, a crosschain swap protocol, is experiencing a surge in activity following the $1.4 billion exploit of cryptocurrency exchange Bybit.
On Feb. 26, the protocol processed $859.61 million in swaps, marking its highest-ever daily volume, according to data from THORChain Explorer. The momentum continued on Feb. 27, adding $210 million (and counting), pushing total swap volume past $1 billion in under 48 hours.
THORChain swap volume has experienced a dramatic surge since the Bybit hack. Source: THORChain Explorer
