Thorchin: A Transformative Cross-Chain DEX

Thorchin is a decentralized exchange (DEX) that enables cross-chain swapping with layer one assets. Unlike other DEXs, Thorchin can transact between different chains like Bitcoin, Ethereum, AVAX, BNB, Doge, and Litecoin. This cross-chain capability is a game-changer and addresses a long-standing issue in the crypto space. Thorchin operates on its own Cosmos-based blockchain with a set of validators. These validators observe the addresses maintained by the network on respective blockchains, allowing for secure and efficient swaps. The unique economic security model ensures that the value of the assets being secured is always higher than the value put at risk. With Thorchin, users can trade assets directly without intermediaries and enjoy low fees and efficient price execution, thanks to the streaming swap feature. Thorchin has already achieved significant trading volume, with 2% of the total Bitcoin volume globally happening on the platform. Its impact on the crypto landscape is profound, as it enables decentralized spot trading of Bitcoin, which was primarily happening on centralized exchanges. Thorchin has a roadmap focused on integration partnerships with wallets and other DEXs to expand its reach. It also plans to introduce limit orders and order books to cater to traders and further enhance its offerings.