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Crypto DeFi

THORChain v3.2 Adds Native XMR and ZEC Cross-Chain Swaps

THORChain has released version 3.2, introducing native cross-chain swap support for Monero (XMR) and Zcash (ZEC). This upgrade expands the protocol’s interoperability, allowing users to trade these privacy-focused assets directly on its decentralized liquidity network.

Original source

AI take

Bringing native XMR and ZEC swaps to a decentralized liquidity network matters less for volume than for the precedent: privacy-focused assets have historically been the hardest to route without custodial wrappers, and doing so natively tests whether THORChain's model can absorb assets with different privacy and compliance characteristics. The immediate effect falls on users who previously needed wrapped or off-chain routes, and on the protocol's liquidity providers, who now carry exposure to these assets. Whether native support translates into durable liquidity, rather than a novelty spike, is the open question.

Generated by AI for reference only.

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