RUNE 面臨壓力，但隨著 THORChain 收入的增長，開發工作可能會提振價格

跨鏈去中心化交易所THORChain的原生代幣RUNE面臨壓力。從日線圖來看，該代幣較 5 月高點下跌了近 60%，即使整體加密貨幣市場復甦，仍保持持平。

The native token of cross-chain decentralized exchange (DEX) THORChain, RUNE, has been under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers.

跨鏈去中心化交易所（DEX）THORChain的原生代幣RUNE一直面臨壓力。從日線圖來看，該代幣較 5 月高點下跌了近 60%，即使整體加密貨幣市場復甦，仍保持持平。

However, there is confidence that prices may rally in the coming days primarily because of fundamental factors and efforts made by the development team.

然而，人們相信，由於基本面因素和開發團隊的努力，未來幾天價格可能會上漲。

THORChain Revenue Surges Following Swap Fee Increment

掉期費用增加後 THORChain 收入激增

In a post on X, an analyst noted that THORChain has nearly doubled its revenue in the past two days following the community’s decision to increase the minimum swap fee on the DEX.

在 X 上的一篇貼文中，一位分析師指出，在社群決定提高 DEX 的最低交換費用後，THORChain 在過去兩天的收入幾乎翻了一番。

Recently, THORChain node operators approved and implemented a proposal to increase the swap fee for layer-1 native exchanges to 0.05%. This seemingly minor change, the analyst notes, has had a profound impact on THORChain’s protocol, increasing daily revenue by nearly 100%.

近日，THORChain節點營運商批准並實施了一項提案，將第一層原生交易所的交換費用提高至0.05%。分析師指出，這一看似微小的變化對 THORChain 的協議產生了深遠的影響，使每日收入增加了近 100%。

While increments in protocol fees tend to impact user experience negatively, it had the opposite effect on THORChain, the analyst noted. As the swap fee rose, users were not deterred. Instead, swap volume steadied while the average fee from every transaction surged.

分析師指出，雖然協議費用的增加往往會對用戶體驗產生負面影響，但它對 THORChain 產生了相反的影響。儘管互換費用上漲，但用戶並沒有被嚇倒。相反，掉期交易量保持穩定，而每筆交易的平均費用卻飆升。

As transaction fees rise, weekly liquidity fees on THORChain now exceed block reward, a major milestone for the DEX. This significant shift in revenue generation will further drive the RUNE burning rate once ADR 17, a community proposal, is implemented in the coming days.

隨著交易費用的上漲，THORChain 上的每週流動性費用現在已超過區塊獎勵，這是 DEX 的一個重要里程碑。一旦社區提案 ADR 17 在未來幾天實施，這種收入產生的重大轉變將進一步推動 RUNE 燃燒率。

The more RUNE is taken out of circulation, the scarcer the token becomes, lifting prices higher. Once ADR 17 is implemented, the protocol will buy and burn $1 worth of RUNE for every $10,000 revenue generated. Rising revenue due to the swap fee increment means more RUNE will be torched.

RUNE 退出流通的次數越多，代幣就越稀缺，從而推高價格。一旦 ADR 17 實施，該協議將每產生 10,000 美元的收入購買並銷毀價值 1 美元的 RUNE。由於交換費用增加而增加的收入意味著更多的 RUNE 將被燒毀。

Impact Of RUNEPool On Liquidity: Will RUNE Break $5?

RUNEPool 對流動性的影響：RUNE 會突破 5 美元嗎？

In other news, THORChain also introduced RUNEPool in late July to help further incentivize liquidity provision. Users can freely deposit their RUNE via THORSwap and THORWallet interfaces into a pool of diversified tokens through this feature.

在其他消息方面，THORChain 也在 7 月下旬推出了 RUNEPool，以幫助進一步激勵流動性提供。用戶可以透過 THORSwap 和 THORWallet 介面自由地將 RUNE 存入多樣化的代幣池中。

They help reduce the risks of impermanent loss and increase liquidity. As of August 9, over 3.7 million RUNE have been deposited by 265 liquidity providers into the RUNEPool.

它們有助於降低無常損失的風險並增加流動性。截至 8 月 9 日，已有 265 個流動性提供者將超過 370 萬枚 RUNE 存入 RUNEPool。

Despite these changes, RUNE remains under immense selling pressure, although it is steady at press time. Following the bear breakout in early August, pushing prices below July lows, the token has struggled. However, if there is a recovery from spot rates to above July highs of around $5, the coin might surge to over $7.5.

儘管發生了這些變化，RUNE 仍然面臨著巨大的拋售壓力，儘管截至發稿時表現穩定。繼 8 月初熊市突破後，價格跌破 7 月低點，該代幣一直在苦苦掙扎。然而，如果即期匯率回升至 5 美元左右的 7 月高點之上，代幣可能會飆升至 7.5 美元以上。