THORChain launches native cross-chain swap beta for BTC/ETH/XRP and major assets

Published: 2025-12-23 16:47:23 |

THORChain has launched swap.thorchain.org in public beta — an open‑source, native cross‑chain swap front end that enables direct swaps of native assets without wrapped tokens, bridges or centralized intermediaries. The beta supports BTC, ETH, XRP, BNB, TRX, DOGE, BCH, LTC, AVAX and ATOM and is compatible with any self‑custody wallet; connecting a wallet is optional. THORChain controls UX, routing and transaction flow in the interface to funnel on‑protocol volume while soliciting community feedback ahead of an official launch planned for Q1 2026. Roadmap items include adding thousands more tokens across chains, improved onboarding and routing visibility, and deeper integration of protocol features such as bonding and liquidity provision. The release reinforces THORChain’s position as trustless native cross‑chain infrastructure for wallets, aggregators and exchanges and may shift some swap volume on‑chain to THORChain’s ecosystem. The site is live at swap.thorchain.org.

Bullish

This launch is likely bullish for THORChain’s native token and protocol usage because it provides a user‑facing interface that can capture swap volume previously routed through wrapped tokens, bridges or centralized exchanges. Short term: increased visibility and a live beta may draw user activity and on‑chain trades that benefit THORChain liquidity and fee revenue, supporting positive sentiment and potential price appreciation. Beta risks (bugs, UX issues) could limit immediate impact, but optional wallet connection and broad asset support lower friction for traders. Long term: successful onboarding of thousands more tokens, clearer routing transparency and integration of bonding/liquidity features would deepen protocol utility, increase TVL and recurring swap volume — structural drivers for sustained demand. Overall, the news improves on‑chain swap accessibility and positions THORChain to capture execution flow, which is positive for the protocol’s market prospects.