THORChain Weekly Dev Update #91

Published on: 07.05.2021
THORChain Weekly Dev Update #91

THORChain introduced Weekly Dev Update for Week 91, 30–06 May about Multichain Updates 0.49, 0.50, 0.51, Community Improvements, RUNEYield iOS Testflight app, RAISETHECAPS.

🔸Multichain — Continual Improvements

Three updates were pushed during the week to improve the stability of the network. Multichain is still stabilising, with another 1–2 weeks likely required to chase down edge cases. Once the network is stable, the contributors and community can go back to rolling out more chains and THORFi features.

🔸Singlechain — Loss of sync

During the week SCCN suffered a loss of sync with Binance Chain, where more than 1/3rd of the nodes had an outage and the system could not come to consensus on some observed events. The team pushed back the churn to slow the process down, and rolled out an update that allowed nodes to manually make the missed observations. Most of the missed transactions were then observed, but unfortunately this caused some nodes to become corrupted, for an unknown reason. The easiest fix to this is for these nodes to leave the network. The team are still debugging this particular issue.

🔸RAISETHECAPS

The caps were raised to 750k RUNE in order to increase load on the network. A lot of issues out of this event were subsequently fixed.

What is THORChain?

THORChain is the first decentralized protocol to actively address liquidity by incentivizing users to stake liquidity rather than store assets in cold-wallets or completely off-line.

📰 INFO:

https://medium.com/thorchain/weekly-dev-update-91-f6f1593c56a

Market Stats:
BTC Dominance: 56.6%(-0.47%/24h)
ETH Dominance: 12.22%(+0.12%/24h)
Defi Market Cap: $115.52B(+5.12%/24h)
Total Market Cap: $3297.28B(-0.43%/24h)
Total Trading Volume 24h: $133.7B(+5.46%/24h)
ETH Market Cap: $403.32B
Defi to ETH Ratio: 28.64%
Defi Dominance: 3.36%
Altcoin Market Cap: $1430.89B
Altcoin Volume 24h: $81.31B
Total Cryptocurrencies: 33049
Active Cryptocurrencies: 10502
Active Market Pairs: 95107
Active Exchanges: 772
Total Exchanges: 9813
BTC: 94251.54$(-0.13%/1H)
ETH: 3346.13$(-0.18%/1H)
AVAX: 37.26$(-0.05%/1H)
BNB: 693.05$(-0.01%/1H)
MATIC: 0.48$(-0.19%/1H)
FTM: 0.87$(-0.3%/1H)
ADA: 0.89$(0.05%/1H)
DOT: 6.99$(-0.17%/1H)
UNI: 13.43$(0.07%/1H)
CAKE: 2.48$(-0.07%/1H)
SUSHI: 1.43$(-0.59%/1H)
ONE: 0.03$(-0.33%/1H)