News
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Native Monero and Zcash swaps land on THORChain as 3.20 upgrade re-enables BNB, Solana and Base support
THORChain's 3.20 upgrade, scheduled for August 25, will add native support for Monero and Zcash swaps, allowing direct exchanges without wrapped tokens or intermediaries. The upgrade also re-enables support for BNB, Solana, and Base.
Published:
Updated:
What happened
THORChain's 3.20 upgrade, scheduled for August 25, will add native support for Monero and Zcash swaps, allowing direct exchanges without wrapped tokens or intermediaries. The upgrade also re-enables support for BNB, Solana, and Base.
Confirmed
Global impact / market context
Adding native privacy-coin swaps may draw new users to THORChain, boosting trading activity and fee income. This could push other exchanges to offer similar direct privacy trading, potentially affecting their market share and compliance costs.
Analyst inference
Privacy tokens face regulatory scrutiny, and THORChain's native support may bypass exchange listing requirements, which are rules that exchanges must follow to list assets. This could shift trading volume from centralized platforms to decentralized ones, impacting liquidity and investor access.
Analyst inference
What to watch
- Observe the scheduled August 25 activation to verify native Monero and Zcash swaps go live as announced without delays or technical issues. Confirmed
- Watch if re-enabled BNB, Solana, and Base support increases transaction volumes on THORChain, suggesting renewed user interest and capital flow into these networks. Proposed
- Assess whether the privacy swap feature triggers regulatory responses, which could alter THORChain's operations and affect the broader crypto market through policy enforcement. Analyst inference
Affected assets
- ZEC — Zcash
- SOL — Solana
- XMR — Monero
- BNB — BNB