THORChain income hit $3M amid Bitget-linked surge

THORChain generated $3.01 million in September income, its highest monthly total since March 2025. Swap volume reached $2.40 billion, the network’s strongest level since June 2025.

Between Sept. 25 and Sept. 29, about $1.37 billion, or 57% of the monthly total, moved through THORChain. The network generated roughly $1.9 million during that period, equal to about 63% of its September income. Daily volume ranged from about $190 million to $460 million.

THORChain linked the activity to funds from the Bitget exploit moving through its cross-chain exchange. The protocol wrote, “Between September 25 and 29, daily volume ran between roughly $190M and $460M as funds linked to the Bitget exploit moved through the network.”

Bitget reported that about $387.5 million was transferred to addresses controlled by the attackers during the September breach. The exchange called for measures to limit the movement of the stolen assets.

THORChain rejected selective intervention, describing the protocol as decentralized and permissionless, like Bitcoin, Ethereum and BNB Chain. The protocol distinguished between halting the network to protect its systems and blocking individual addresses or transactions.

THORChain also cited a May exploit in which attackers stole $10.7 million from liquidity pools. The attackers were not later barred from swapping assets through the network.

September income was nearly five times August’s $615,000, while swap volume rose from $613 million. Active wallets increased to 25,000 from 23,500, and new wallets rose to 22,400 from 21,800.

RUNE’s seven-day annualized return reached 69.03% on Sept. 29, while TCY’s rose to 29.74%. THORChain expects both figures to decline as the high-income days leave the calculation period.

Frontend affiliates earned about $840,700 in September, including roughly $669,000 allocated to unidentified affiliates.