RUNE Token

RUNE is the native asset used for settlement, liquidity pairing, economic security, and protocol accounting.

Page Source Posture

CuratedChecked 2026-07-09·Review due 2026-08-09·

retrieval details

Source retrieved 2026-07-05Official documentation root used for curated protocol background; it still describes GG20 at review time, but current safety and migration state require dated incident and release sources.

+2 sources

RUNE and TCY tokenomics

retrieval details

Source retrieved 2026-07-05Official RUNE and TCY tokenomics overview, including TCY supply, revenue share, and no-governance-rights caveat; current amounts and distributions still require live evidence.

THORChain Dev Docs

retrieval details

Source retrieved 2026-07-05Official developer documentation root used for API and integration concepts; pair with live endpoints for current state.

Native settlement, bond, and liquidity asset for THORChain.

Use This Page For

RUNE roles in settlement, liquidity pairing, node bonding, and protocol accounting.
Source-backed tokenomics framing that should remain dated when figures are quoted.

Verify Elsewhere Before Claiming

Current price, circulating balances, reserve balances, emissions, or market conclusions.
Current minimum bond, slash parameters, Mimir overrides, or investment suitability.

What is RUNE?

Settlement Asset

Every external-asset swap routes through RUNE liquidity, for example BTC to RUNE to ETH.

Security Bond

Node operators bond RUNE to secure vaults and participate in signing. Minimums and slash settings are current-only constants/Mimir facts.

Liquidity Pair

Pools pair RUNE with external assets, creating a unified liquidity layer rather than isolated asset pairs.

Governance Context

Operational governance is primarily node/Mimir driven. ADRs and TIPs document protocol changes; avoid treating all RUNE holders as direct voters.

What Do You Want To Do With RUNE?

Route action questions before reading tokenomics. RUNE can appear in swaps, liquidity, RUNEPool, and node bonding, but each path has a different current-state check.

route + interface

Swap or acquire RUNE

Use For: Check whether a concrete route can quote, then inspect the interface or wallet you plan to use.
Do Not Use For: Do not treat this page as exchange availability, route safety, wallet safety, or execution instructions.

Check route availability Review interface checklist

claim split

Stake or earn with RUNE

Use For: Separate RUNEPool/POL accounting, LP positions, node bonding, and TCY staking before calling anything yield.
Do Not Use For: Do not describe RUNEPool, LP APY, or node rewards as guaranteed staking yield.

Check RUNEPool evidence Review liquidity actions

node ops

Bond RUNE for a node

Use For: Use node-operator sources and live controls before relying on bond, unbond, rebond, rotation, or slash settings.
Do Not Use For: Do not infer current node-operation availability from tokenomics or historical node docs.

Open node guide Check node controls

source boundary

Make a RUNE claim

Use For: Classify the claim as settlement role, live metric, security constant, dated tokenomics, or value claim.
Do Not Use For: Do not turn a role explanation into price, fair value, investment suitability, or future-yield proof.

Use number router Open source map

Do not treat this page as exchange, wallet, staking, yield, or node-operation instructions. It is a source router for deciding which live or dated evidence to inspect next.

Which RUNE Number Do You Need?

Pick the number by the claim you are making. RUNE appears in settlement, security, liquidity, and tokenomics, but each number needs a different evidence path.

current-only

Live network metrics

Use For: Pooled RUNE, reserve context, active nodes, bond/liquidity posture, earnings, APY, and source-health labels.
Do Not Use For: Do not use live metrics as price, fair value, circulating-supply, or future-yield proof.

Start with Stats decision panel

THORNode

Security constants

Use For: Minimum bond, slash settings, Mimir overrides, signing state, node set, and operational controls.
Do Not Use For: Do not infer current bond or safety posture from the RUNE role summary or old docs.

Start with Network diagnostics

dated source

Supply framing

Use For: Reduced supply framing, reserve/circulating context, burn/reduction notes, and TCY recovery context.
Do Not Use For: Do not treat dated tokenomics records as live supply, market cap, exchange float, or valuation evidence.

Start with Token Economics

non-claim

Price or value claim

Use For: Use the wiki to say which source family would be needed and what this page does not prove.
Do Not Use For: Do not claim fair value, price targets, investment suitability, guaranteed yield, or recovery value.

Start with Source map

RUNE Claim Checks

Start by classifying the claim. This page supports protocol-role explanations; live balances, current economics, tokenomics figures, and value claims need different source paths.

mechanism

Settlement role

Use For: RUNE as the common settlement pair, liquidity-pool side, security bond, and accounting asset.
Verify: Use the settlement deep dive before turning this overview into a protocol-model explanation.
Do Not Claim: Do not claim price, fair value, or investment upside from the settlement role alone.

Read settlement deep dive

live data

Current network number

Use For: Pooled RUNE, reserve context, active nodes, bond/liquidity posture, earnings, and source health.
Verify: Use the Stats decision panel and keep source freshness or degraded-state labels attached.
Do Not Claim: Do not quote stale, degraded, or unavailable live snapshots as clean current facts.

Check live RUNE metrics

dated source

Tokenomics figure

Use For: Supply framing, reserve/circulating context, burn/reduction notes, and TCY recovery context.
Verify: Use the source-labeled Token Economics section before quoting dated supply framing.
Do Not Claim: Do not treat dated tokenomics records as live supply, market cap, or valuation evidence.

Review dated tokenomics

non-claim

Value or investment claim

Use For: Use this page to define what the wiki does not prove about RUNE value or suitability.
Verify: Use sources outside this overview for market analysis, then keep the wiki citation boundary explicit.
Do Not Claim: Do not claim fair value, price targets, investment suitability, guaranteed yield, or recovery guarantees.

Check source boundary

Continue From Here

Move from the source-boundary router into settlement mechanics, live network numbers, or official source maps before making current RUNE claims.

claim path

RUNE settlement deep divedeep diveRead the long-form settlement-asset explanation before using RUNE as a protocol model.Swap EconomicspathConnect RUNE settlement to CLP pricing, incentives, and security costs.Stats decision panellive stateCheck current pooled RUNE, reserve, node, and earnings-source health.Official source mapproofUse official docs for dated tokenomics framing and source boundaries.

Token Economics

As reviewed on 2026-07-14, the newer official tokenomics page gives approximate figures near 425M total, 350M circulating, and 75M reserve with ongoing burns. The economic-model page still shows the original 500M maximum and genesis distribution; keep that as historical cap context rather than combining it with the newer approximate snapshot. Recheck live/source data before quoting exact balances.

Official sourceChecked 2026-07-14·Review due 2026-08-14·

Source: RUNE and TCY tokenomics

source retrieval details

+1 source

THORChain economic model

retrieval details

Source retrieved 2026-07-14Official Incentive Pendulum, emission, and reserve-flow design; its original 500M maximum-supply framing must not be presented as the newer tokenomics page's current approximate supply.

Original Cap Context500M economic-model figureHistorical

Tokenomics Page Total~425M and burningSource-backed

Tokenomics Page Circulating~350MSource-backed

Tokenomics Page Reserve~75MSource-backed

Network IncomeFees, emissions, burns, TCY shareDynamic

Bond RequirementCheck constants + MimirCurrent-only

Slash PenaltyCheck constants + MimirCurrent-only

How RUNE Flows

1. Swaps

A swap routes through RUNE-paired pools. RUNE acts as the common settlement layer between native assets.

2. Liquidity

Liquidity providers supply pool depth and earn source-dependent fees and rewards according to current protocol rules.

3. Security

Node operators bond RUNE. Misbehavior can put that bond at risk through slash mechanisms and churn rules.