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Post: THORChain Hits $10 Billion in Monthly Trading Volume: Cautions Raised by Bitcoin Maximalists

THORChain Hits $10 Billion in Monthly Trading Volume: Cautions Raised by Bitcoin Maximalists

Key Points:

  • THORChain achieved over $10 billion in total monthly trading volume for the first time.
  • Bitcoin maximalists are cautious about borrowing on the THORChain protocol.

THORChain Milestone:

THORChain made history by surpassing $10 billion in monthly trading volume, marking a significant achievement for the decentralized liquidity protocol.

Bitcoin Maximalists Concerns:

Bitcoin maximalists are divided over the safety aspects and potential risks associated with borrowing against Bitcoin on the THORChain platform, sparking a debate within the community.

Hot Take:

THORChain’s record monthly trading volume signals growing interest in decentralized liquidity protocols; however, concerns from Bitcoin maximalists highlight the need for further discussions on security and risk management in the decentralized finance space.

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