THORChain
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THORChain

RUNE Distribution Update

Overview of BNB.RUNE and ETH.RUNE holdership and engagement rates.

Overview

RUNE is held on two chains, with a total of ~12000 holders:

  • BNB.RUNE (8811)
  • ETH.RUNE (1345)
  • Exchanges: estimated 1000–2000

The total engagement rate is ~40% — almost half of the known holdership is engaging in the ecosystem.

As for the supply, the engagement rate is:

  • BNB.RUNE: 47m (20%)
  • ETH.RUNE: 3.7m (~2%)

Roughly 22% of the supply is engaging in the network. With multichain launching soon, these figures should increase.

BNB.RUNE

Of the 8811 BNB.RUNE holders, 4000 are participating in BEPSwap, with an engagement rate of 45%.

Free

https://explorer.binance.org/asset/RUNE-B1A

There are 8811 holders of BNB.RUNE, with 117m (50%) freely circulating. 45m reside in exchange wallets.

The Top 100 own 66m RUNE outside of THORChain vaults. This is 13% of max supply, or 28% of the circulating supply.

Of these, 19 could become Node Operators (have more than 1m RUNE).

Participating

https://thorchain.net/

There is 47m RUNE participating in THORChain:

  • 4000 Liquidity Providers pooling 6.5m RUNE
  • 36 Active Nodes bonding 29m RUNE
  • 11 Standby Nodes bonding 11m RUNE

ETH.RUNE

Of the 1345 holders of ETH.RUNE, 444 are participating, with an engagement rate of 33%.

FREE

There is a total of 6.3m RUNE freely circulating on Ethereum, with 1345 holders.

https://etherscan.io/token/0x3155BA85D5F96b2d030a4966AF206230e46849cb

Sushiswap

There is a total of 3,603,070 RUNE participating in sushiswap pools, with a further 73k RUNE in Uniswap.

https://sushiswap.vision/token/0x3155ba85d5f96b2d030a4966af206230e46849cb

  • ETH: 153
  • ALPHA: 114
  • SUSHI: 77
  • SNX: 26
  • AAVE: 20
  • YFI: 18
  • CREAM: 16
  • PERP: 13
  • UNI-ETH: 7

TOTAL: 444

Summary

RUNE holders are sufficiently engaged in the ecosystem, and the network asset is continuing to be widely distributed. This is important to ensure multichain is launched in a credibly decentralised way.

Community

To keep up to date, please monitor community channels, particularly Telegram and Twitter:

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