In 2025, THORChain faced significant challenges: financial instability put the company on the brink of bankruptcy, raising questions about the reliability of the protocol in the crypto market.
What is THORChain?
THORChain is a Layer 1 decentralized protocol designed to simplify cryptocurrency trading, allowing the exchange of native assets like Bitcoin and Ethereum across different blockchains without the need for wrapped tokens or third-party intermediaries. This streamlines and improves the efficiency of digital currency swaps.
Solvency issues and hacker activity
On January 24, THORChain announced a temporary network suspension due to severe debt issues, with total liabilities amounting to around $200 million. The platform's financial instability threatens bankruptcy, and incidents of the platform being used for money laundering by the North Korean 'Lazarus' hacker group have led to a decline in the project's reputation.
THORChain price forecast: 2025-2030
Analytical resources provide different forecasts for the future value of RUNE. According to CoinCodex, the price in 2025 could range from $1.1 to $2.06. For 2030, they forecast between $0.565 and $3.23. DigitalCoinPrice expects a significant increase in the token's value, suggesting it could reach $6.93 by 2030.
Despite potential price growth, financial issues and loss of trust seriously hinder THORChain's short-term recovery.
