THORChain Restores RUNE Swaps on 10 of 13 Networks After Reorg Halt

Swaps Back on Most Chains

THORChain (RUNE) changes hands at $0.628 on Wednesday, up 12.7% over the past 24 hours and within about 1% of the $0.64 it held when THORChain confirmed the restart of most of its swap engine late on Tuesday, 2026-11-03. The protocol's network status page marks both trading and transaction signing as OK on ten of thirteen listed networks, which re-enables atomic swap corridors for Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Litecoin, Tron and Zcash. Avalanche, Base and XRP were already operating when the outage was first reported on Monday. BNB Smart Chain, Cosmos Hub and Solana still carry warnings for both functions, so several cross-chain routes stay out of service while the restart proceeds in stages. The RUNE price reaction tracks the restored capacity: 24-hour volume across RUNE markets stood at $103.4 million at the latest reading. The recovery also matters for the token's market standing, because a 12.7% single-day move on top of a $206.8 million market cap shows sizeable capital re-entering an asset that spent the weekend offline. THORChain (RUNE) is the governance token of THORChain, a cross-chain liquidity protocol built to exchange native assets between chains, and the halt had run since Saturday, leaving users without most swap routes for several days. For users, the practical change is that native assets can move across chains again without a custodial intermediary, the core function the protocol exists to provide. The restart announcement covered the widest set of chains since the fault emerged, and each restored network brings back its own settlement routes for cross-chain trades.

How 10 ETH Left the Vault Twice

The disruption began on Saturday, when a one-block reorganization on Ethereum erased a 10 Ether deposit that the protocol had already credited to a sender. Reorganizations of this kind are the raw material of Maximal Extractable Value: when a block is reshuffled, a transaction recorded in one block can vanish from the chain's history, and any system that credited it in the meantime is left out of pocket. That is what happened here. The swap carrying the deposit failed to meet its price limit, so the protocol issued a refund, but the refund was drawn against funds the vault had never received. The sender's genuine deposit was refunded as well, and the vault ended up paying out an extra 10 ETH in total. The discrepancy triggered an automatic pause, and node operators then suspended trading across several chains while developers investigated, as our earlier report, THORChain Refund Bug Halts Swaps on 10 Chains After Chain Reorg, described at the time. The halt reached well beyond the faulty swap. Blockchain analytics firm Chainalysis said the pause inadvertently slowed North Korean hackers who were trying to launder funds stolen in the $6.3 billion Binance hack. Those transfers had become a fee windfall for the protocol, which our coverage of Thorchain Daily Revenue Jumps 2229% on Binance Hack Fund Laundering documented when the activity peaked. The episode also showed how quickly a protocol-level accounting error can propagate: one reorganized block produced a double refund, an automatic shutdown and, indirectly, a pause in a laundering flow that analytics firms had been tracking. No timeline has been disclosed for the three networks still carrying warnings, and a full return to service requires all 13 chains to clear both the trading and the signing checks. With ten networks live, the corridors those transfers used are reopening, though the status page itself shows the recovery is not complete.

The strongest support below the market sits at $0.6169, scored 100/100 on COINOTAG's composite, with the strongest resistance overhead at $0.6759, scored 91/100; the full ladder is laid out in our RUNE technical analysis. The spot price of $0.628 sits between the two, with the composite trend reading still a downtrend and a perp funding rate of 0.0037% charging long positions a modest premium. Sentiment is the weaker input: the Crypto Fear and Greed Index stands at 34, in fear territory. That leaves about a 9.6% gap between the two strongest levels, and it frames where THORChain (RUNE) settles once the restart's full effect shows up in volumes.