THORChain fees rebound but remain far below September surge

Swap fees on the cross-chain protocol are recovering, but they still sit 84% under a September peak driven largely by Bitget exploit flows THORChain ’s gross swap fees are climbing again. They are also still 84% below where they stood in September. That gap matters because September was not a normal month. Much of its activity came from funds tied to the Bitget exploit, and THORChain now has to show what its business looks like without that windfall. Swap volume followed the same path. It hit $2.40 billion in September, up from $613 million the month before.

Also reported by The Defiant.

Source: Crypto Briefing