THORChain logs record $3.01 million September income as 63% comes during Sept. 25–29 Bitget-linked surge
AI Market Summary
THORChain posted its highest system income since March 2025 ($3.01M) and $2.40B swap volume, but activity was heavily concentrated in Sept. 25–29 and linked to funds moving after the Bitget exploit. Wallet growth was modest, suggesting revenue strength reflected a few large transactions rather than broad user adoption. This raises uncertainty about the durability of protocol fees and trailing yield metrics once hack-driven flows fade.
Impact level
● Medium
Affected assets
RUNE/USDT-5.38%
AI Insight · RUNE/USDTAI Insight
● Neutral
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THORChain posted system income of $3.01 million in September, its highest since March 2025, as swap volume rose to $2.40 billion, the most since June 2025. Most of the gains were concentrated in the Sept. 25–29 window, when $1.37 billion in volume and about $1.9 million in income accounted for 57% and 63% of the monthly totals. The network attributed the spike to funds linked to the Bitget exploit moving through THORChain, with daily volume ranging from roughly $190M to $460M.
