$RUNE Price vs Swapping Volume

Governance tokens have many uses, in the Thorchain network the rune token plays the role of a governing token. RUNE is used as a liquidity pool pair for all native tokens from foreign blockchain networks linked to the THORChain network. Therefore, liquidity providers don’t have to submit liquidity pairs as is the case with most DEXs. RUNE is also used to secure the THORChain network as THORChains is secured by a variation of Proof of Stake called Proof of Bond. The PoB consensus protocol requires nodes to commit a RUNE bond of 1 million RUNE tokens to validate transactions in the network as well as participate in other activities in the ecosystem. If the nodes become malicious to the network, their bond is deducted proportionally to the amount of damage they cause. This incentives good behavior across the network. Transaction fees on THORChain are paid in RUNE including trading fees for all swaps. RUNE also serves as the network’s governance token as each RUNE token equates to a vote.