THORChain Earned 63% of Record September Income During Bitget Hack Trading Surge

WHY IT MATTERS

THORChain is a tool that lets people swap cryptocurrencies across different blockchains without using a centralized exchange — think of it like a currency exchange booth that operates automatically using code instead of a company. When a centralized exchange like Bitget gets hacked, traders often rush to move their funds or trade through alternative channels, which can include decentralized protocols like THORChain. Each swap generates a small fee for the protocol, so a big spike in trading activity means more revenue. This story highlights how security incidents at one platform can create ripple effects across the broader crypto ecosystem, and it also raises the question of whether THORChain's income is driven by steady usage or by occasional bursts of activity tied to unusual events.