Exploring the Rising Popularity of THORChain and NuggetRush in the Cryptocurrency Market
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The recent surge of THORChain (RUNE) in decentralized exchanges enabled it to secure its spot as the third-highest trade volume, reinforcing its position as a top native asset settlement protocol.
On the other hand, NuggetRush (NUGX) unveils a unique concept rooted in meme culture and play-to-earn (P2E) dynamics. It integrates crypto, gold mining, and artisanal mining into an engaging P2E game.
Let’s explore how THORChain and NuggetRush impact the crypto space with their growing popularity.
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THORChain (RUNE) has recently spiked to third place among the decentralized exchanges trade volume and has rapidly become a leading native asset settlement protocol.
The network has also contributed to its growth, operating as an alternative liquidity layer for centralized exchanges (CEXs). On November 15, 2023, trading volume reached a remarkable $1.44 billion, strengthening THORChain’s (RUNE) position as a large coin in the crypto sector.
DeFiLlama states that the protocol is nearing the industry leaders PancakeSwap and Uniswap. This growth marks a considerable milestone in THORChain’s (RUNE) journey toward dominance.
Several exciting developments thrive for the token as THORChain’s Q3 2023 report indicates impressive strides and blockchain milestones. This period saw an incredible 114.4% increase in total trading volume, reaching a remarkable $2.38 billion.
Additionally, the liquidity fees collected increased to $3.38 million. The positive momentum helped power RUNE’s bullish momentum, representing massive progress and achievements highlighted in THORChain’s latest report.
With the recent surge in RUNE’s price,
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