THORChain deployed version 3.20 on August 25, introducing native swap support for Monero (XMR) and Zcash (ZEC). This upgrade allows traders to exchange these privacy cryptocurrencies directly for Bitcoin, Ethereum, and stablecoins through the protocol’s liquidity pools, without using a centralized exchange or wrapped tokens. The XMR price surged approximately 8.9% following the announcement. The update also includes Protocol-Owned Liquidity, giving the protocol itself a stake in its own liquidity pools. As centralized exchanges continue to delist privacy coins under regulatory pressure, with Binance and OKX among those pulling back, THORChain’s solution offers a decentralized alternative for XMR and ZEC holders to trade without relying on trusted third parties.
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