THORChain Restores Most Swaps as RUNE Gains 15% After Outage

THORChain has restored swap trading on 10 of its 13 listed external networks after an outage tied to a refund bug, while its RUNE token rose about 15% in the previous 24 hours.

RUNE traded near $0.64. Trading and transaction signing were OK on 10 of the 13 listed external networks. BNB Smart Chain, Cosmos Hub and Solana still showed warnings for both functions.

Swaps were re-enabled on Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Litecoin, Tron and Zcash. By Monday, Avalanche, Base and XRP were already operating.

A one-block reorganization on Ethereum erased a 10 ETH deposit THORChain had credited. After a swap failed its price limit, the protocol issued a refund against funds its vault had not received. The sender’s original deposit was also refunded, producing an extra 10 ETH payout and triggering an automatic pause.

Node operators then paused trading on several networks as developers investigated. The partial restart has reopened some cross-chain swap routes, with three networks still paused.