Compare Injective and Thorchain on TVL, fees, revenue and activity to understand how these projects stack up.
$8.46M
Injective is a Cosmos‑SDK Layer‑1 with on‑chain order books, zero‑gas trading and a frequent batch auction that mitigates MEV. Its built‑in Ethereum bridge lets users bring ERC‑20s without custodial risk, and the WasmX module supports CosmWasm smart contracts. INJ holders can stake or participate in governance that controls upgrades like the 2024 Volan hard fork which added liquid staking.
THORChain is a Tendermint‑based cross‑chain liquidity protocol where nodes bond RUNE to secure pools of native L1 assets like BTC, ETH and ATOM. Swaps execute via continuous liquidity pools with slip‑based fees, and the ‘Streaming Swaps’ feature splits large orders to minimize price impact. The 2023 mainnet added Savers vaults, letting depositors earn single‑asset yield without IL exposure.