THORChain Becomes Third-Largest DEX, Pumping RUNE 50% in a Week. Is Galaxy Fox Next?

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$RUNE Gains 50% As THORChain Becomes Third-Largest DEX. Is Galaxy Fox Next?

Find out more on THORChain’s rise to become the third-largest decentralized exchange and RUNE’s 50% surge in one week. Explore the potential trajectory for Galaxy Fox. 

The recent growth of THORChain has seen it emerge as the third-largest decentralized exchange (DEX). This growth caused its native token, $RUNE, to emerge as one of the best cryptos to invest in, gaining more than 50%.

Another crypto that has caught the attention of investors is Galaxy Fox ($GFOX). Recording massive network growth, will $GFOX replicate the parabolic rise of $RUNE? Let’s find out.

>>BUY $GFOX TOKENS NOW<<

The decentralized exchange of THORChain became popular because it enabled cross-chain swaps without token wrapping or pegging. Users can transfer tokens between blockchain networks on the DEX without any intermediary. This feature enabled THORChain to gain massive popularity in the Defi space.

The recent growth has culminated with THORChain becoming the third-largest DEX. THORChain has processed over $1.32 billion in trading volume trailing only Uniswap and PancakeSwap. However, the TVL on the THORChain network has remained flat at $262.3 million, the seventh biggest DEX according to DeFiLlama.

Interestingly, the THORChain coin, $RUNE saw a massive price surge. On the weekly chart, the $RUNE price has increased by more than 62% to reach the $5.49 level. The 30 THORChain price chart is even more impressive, with an increase of more than 232%, making $RUNE one of the best cryptos to invest in 2023.

The THORChain DEX has been featured among the best ways to earn passive