ThorChain, a decentralized liquidity protocol, reported a record-breaking transaction volume on Oct. 5, with the number surging to $355 million in a single day, marking an all-time high.
This noteworthy event is part of a larger trend as the cumulative transaction volume over the past five days has surpassed the $1 billion mark.
ThorChain’s Record-Breaking Volumes
According to the analysis, the surge in transaction volume coincided with the rise in swap counts associated with the network. On Oct. 5, when the transaction volume was close to $355 million, the count of swaps related to the network was 115,630.
This was an upward surge compared to the preceding day, when the swap count was 61,877, and the total volume was merely $170.8 million.
The daily change in transaction volume from Oct. 4 to Oct. 5 was a massive 107.6% increase.
A look at the charts indicates an upward trajectory in the transaction volumes since Sept. 29. While the network reported just about $34.45 million as tota
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