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      THORChain Upgrade Allows Direct Monero Swaps, XMR Price Rises

      THORChain has launched version 3.20 of its decentralized exchange protocol, enabling users to swap privacy coins Monero (XMR) and Zcash (ZEC) directly for Bitcoin and Ethereum without the need for centralized exchanges or wrapped tokens. This upgrade, which went live on August 25, has resulted in an 8.9% increase in the price of XMR, reflecting strong market interest in the new functionality.

      The upgrade allows traders to conduct self-custodial transactions, meaning they retain control of their assets throughout the swap process. In addition to supporting XMR and ZEC, version 3.20 introduces Protocol-Owned Liquidity, which allows THORChain to invest in its own liquidity pools, and a Stable Reserve mechanism for fee-free stablecoin swaps. These features aim to enhance the trading experience and liquidity for users.

      The integration of Monero has been a significant technical challenge for THORChain, with the development team showcasing a live demo of the feature back in May 2026. The phased launch strategy acknowledges that initial liquidity for XMR and ZEC pools may be limited, potentially leading to higher slippage for larger trades as liquidity builds over time. This upgrade comes at a time when many centralized exchanges have been delisting privacy coins due to regulatory pressures, making THORChain's new capabilities particularly relevant.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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