Validators process transactions and store information & liquidity providers deposit funds into THORChain. Validators & liquidity providers receive transaction fees from traders (supply-side fees).

THORChain is a smart contract platform for cross-chain exchange (a blockchain). THORChain was founded by a pseudo-anonymous team and launched in 2018.

RUNE tokenholders own and govern the protocol. They do not currently take a cut of the total transaction fees paid by traders (revenue). THORChain's investors include Multicoin Capital, yield ventures, etc.

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THORChain

# Token turnover (circulating) Methodology

## Overview

Token turnover (circulating) measures how frequently a project's token changes hands relative to its circulating market cap. It is calculated as the average daily token trading volume divided by the circulating market cap, indicating liquidity and trading activity relative to the token's circulating valuation.

${token_trading_volume} / ${market_cap_circulating}

Average daily token trading volume divided by circulating market cap.

THORChainRUNE

Token turnover (circulating)

Token turnover (circulating)

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