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THORChain upgrade enables direct Monero swaps, pushing XMR up 8.9%

Protocol Fundamentals
30 Aug 2026
Crypto Briefing
View Source
Bullish
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THORChain launched version 3.20, allowing users to swap Monero (XMR) and Zcash (ZEC) directly with Bitcoin, Ethereum, and stablecoins without centralized exchanges or wrapped tokens. This upgrade supports privacy coin holders amid increasing delistings on centralized platforms. It also introduces Protocol-Owned Liquidity to boost pool depth and a Stable Reserve for fee-free stablecoin swaps. Early liquidity may be limited, favoring smaller trades initially, but the upgrade marks a significant step for privacy coin accessibility and decentralized trading.

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