THORChain
7.2/10 total
A cross-chain liquidity network that swaps native assets between chains without wrapping and without a custodian. Genuinely non-custodial native BTC to ETH is rare, and this is the main way to get it. Has suffered multiple exploits historically.
Scores
Weights are published in the method and applied identically to every entry.
For
- Native cross-chain swaps with no wrapped assets and no custodian
- No account, no KYC, permissionless by construction
- Open source with public on-chain accounting
Against
- Multiple significant exploits in its history
- Slip-based pricing punishes large swaps
- Requires a self-custody wallet and some competence
Agent access 8/10
Midgard and thornode expose everything publicly with no key or account. Cross-chain without a custodian, which is rare for agent use. The agent must construct chain-specific deposits itself.
Reported separately and not counted in the total. It measures what an autonomous agent can do unattended, not whether the service is safe to use.
Fees
slip-based + outbound fee
Cost scales with your size against pool depth, so small swaps are cheap and large ones are not.
Specification
- Type
- On-chain DEX
- KYC policy
- No KYC
- Custody model
- onchain
- Account required
- no
- Assets
- 20+
- Chains
- 10+
- Operating since
- 2021
- Jurisdiction
- none
- Onion service
- no
- Works without JS
- no
- Open source
- yes
- Facts checked
- 2026-07-31
Links
Plain links, no referral parameters. Verify the domain yourself; phishing clones of every service in this table exist.