THORChain has released version 3.3, which includes both technical changes and a long-term plan for its ecosystem. The future of THORChain is very fascinating to monitor with different decisions taken by the community and devs.
THORChain v3.3 is successfully rolled out ✅https://t.co/Yur9NkgDjY
— THORChain (@THORChain) March 14, 2025
THORChain 3.3: What’s Changed?
With the release of this latest version, various enhancements meant to increase cross-chain liquidity have come about. The adoption of Cosmos SDK v0.50 marks one of the largest advances since it enhances compatibility with other blockchains supporting the Inter-Blockchain Communication (IBC) protocol.
Previously, THORChain was merely a tool for cross-chain asset exchange, but it has developed into something more adaptable and ready to manage more challenging needs.
Furthermore, the project changed from Tendermint to CometBFT, which not only enhances security but also accelerates the transaction finalizing process. Users may thus enjoy faster transactions without compromising network stability or decentralization.
Community Decisions That Changed Direction
Beyond the technical details, though, THORChain changed significantly in terms of economic philosophy and approach. Together with the development team and community, THORChain founder JP Thorbjornsen decided in January 2025 to stop the ThorFi Savers and Lending programs for twelve months.
This move was not without purpose; they wanted to make sure the system was equipped to manage more scalability before continuing to expand these offerings.
Then, THORChain node operators agreed to convert $200 million in debt into equity tokens on February 4, 2025. Though not everyone agreed, this strategy was meant to improve the economic basis of the ecosystem. Given the volatility of the crypto market, some community members asked whether this relocation would be really sustainable over the long run.
Besides that, on February 11, 2025, the THORChain community made another major decision, lowering the block incentive for validators from 25,000 RUNE a day to just 2 RUNE per day. These measures are supposed to guarantee the financial viability of the project and lower token inflation.
These extreme shifts, however, give cause for questions: will validators remain on the network or will they start departing the ecosystem because of sharply declining profitability?
Where Will THORChain Go?
One thing is clear among all these developments: THORChain is not hesitant to try new ideas and venture large distances. While the economic strategies followed reflect their will to keep the ecosystem healthy, the merging of Cosmos SDK and CometBFT reveals that they are seeking to increase technical efficiency.
Should the best-case scenario play out, THORChain will become one of the main participants in the cross-chain DeFi market. Major changes in the future could be necessary, though, should some of these divisive decisions cause new issues. In any case, the crypto community will be observing every action.
Meanwhile, as of the writing time, RUNE is swapped hands at about $1.18, slightly down 0.82% over the last 24 hours and corrected 20.22% over the last 30 days.