Is THORChain (RUNE) worth $10.78?

Mr. Market thinks THORChain (RUNE) has value. He paid $10.78 for THORChain on 13 March 2024. So what is THORChain and is it worth $10.78?

THORChain is a decentralized finance (DeFi) infrastructure that facilitates native asset settlement between several popular blockchains. Its website claims those blockchains are Bitcoin (BTC), Ethereum (ETH), Binance’s BNB Chain (BNB), Cosmos (ATOM) Hub, Avalanche (AVAX), Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC).

They claim THORChain had a Total-Locked Value of $1.7 billion, a Total Liquidity of $553.7 million, a Total Validator Bond of $1.1 billion, a Total Volume of $152.2 billion, Total Pool Earnings of $256.8 million, and a 24-Hour Trading Volume of $611.1 million on 13 March 2024. Plus, they gave THORChain a 25.75 million Swap Count, 99,200 unique swappers, and 102 Active Validators on 13 March 2024.

What Value Does THORChain (RUNE) offer?

THORChain (RUNE) was CoinMarketCap’s 17th most-trending cryptocurrency on 13 March 2024.

CoinMarketCap gave THORChain a $3.549 billion Market Capitalization, a $4.526 billion Fully Diluted Market Cap, a $535.027 million Total Locked Value, and a 24-Hour Market Volume of $1.082 billion on 13 March 2024. They base those numbers on a Circulating Supply of 388.300 million…