THORChain Market Cap Calculator
Calculate THORChain (RUNE) market cap from the live RUNE price and circulating supply — plus FDV, and the price RUNE would need to reach any target valuation.
Result
Enter values to see the result.
Using the THORChain Market Cap Calculator
Market cap is simply the live RUNE price multiplied by the number of coins in circulation, and this page does that with the current price loaded for you. The supply field starts at roughly 338.2 million RUNE, which is where it stood on 5 August 2026 — supply moves, so check it against a market data source if you need an exact figure, and edit the field.
THORChain's supply is bounded at 354.07 million RUNE, so the fully diluted valuation is a real ceiling rather than an open-ended one. The MC/FDV row shows how much of that supply is already trading: the closer it is to 100%, the less future dilution is waiting for you, and for RUNE that gap is currently 96%.
The comparison field answers the question people actually come here for: what would RUNE be worth at some other valuation? Enter a target market cap and the calculator returns the implied RUNE price and the multiple from here. It is arithmetic, not a forecast — reaching a larger cap means absorbing every holder willing to sell on the way, and rUNE is mechanically leveraged to total network liquidity, so it tends to move further than the assets it swaps in both directions.
The RUNE price behind each market cap
- Circulating supply
- 338M RUNE
- Share issued
- 96%
- $10B cap →
- $29.57
- $100B cap →
- $295.68
RUNE's circulating supply is about 338M (as of 5 Aug 2026), 96% of a 354M total. Market cap is only price × supply, so a target valuation pins one exact price — no guesswork.
A $1 billion cap would put RUNE at $2.96, a $10 billion cap at $29.57, and a $100 billion cap at $295.68. On the fully diluted 354M supply those prices are lower, because 16M RUNE is still to be issued — the FDV block above works that denominator in.
Figures are derived from RUNE's own daily closes over the window shown and are bounded by it — not all-time values. Prices move; treat them as context, not a forecast.
THORChain at a glance
- Launched
- Mainnet 2021
- Role
- Cross-chain swaps of native assets, no wrapping involved
- Design
- Every pool is paired against RUNE
- Total supply
- ~354,000,000 RUNE
- Security
- Node operators must bond RUNE worth more than the assets they secure
- History
- Its lending product ran into a solvency crisis that forced a restructuring
Frequently asked questions
- What is THORChain's market cap?
- Multiply the live RUNE price by the circulating supply — around 338.2 million RUNE as of 5 August 2026. The calculator above loads the current price and does this for you; the result updates the moment you change either field.
- How do I calculate the RUNE price at a given market cap?
- Divide the target market cap by the circulating supply. The comparison field above does it directly and also shows the multiple against today's RUNE price, which is usually the more sobering number.
- What is THORChain's fully diluted valuation?
- FDV prices all 354.07 million RUNE at the current price, including coins not yet circulating. The difference between FDV and market cap is the supply still to enter the market — worth knowing before you treat market cap as the whole picture.
- How do you calculate crypto market cap?
- Market cap = current price × circulating supply. A coin at $2 with 500 million coins in circulation has a $1 billion market cap. Note that it is circulating supply, not total supply — tokens still locked in vesting contracts or a treasury are excluded.
- What is the difference between market cap and FDV?
- Market cap uses only the coins in circulation today. Fully diluted valuation (FDV) prices every coin that will ever exist, including locked and unminted supply. A project with a $200M market cap but a $2B FDV has 90% of its supply still to hit the market.
More RUNE calculators
Free THORChain (RUNE) profit calculator. Enter your buy and sell price to see RUNE profit, loss, ROI and fees — prefilled with the live RUNE price.
Free THORChain (RUNE) dollar-cost-averaging calculator. Model recurring RUNE buys to see coins accumulated, average entry and portfolio value at today's live price.
Work out your weighted average THORChain (RUNE) entry price across multiple buys — and see exactly where your break-even sits.
Find the exact THORChain (RUNE) price that liquidates your leveraged position. Prefilled with the live RUNE price — set your leverage and direction.
Crypto Market Cap Calculator for other coins
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Prefer the generic version without RUNE presets? Open the Crypto Market Cap Calculator.
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For educational purposes only. Rates, fees and protocol parameters change — verify current figures with your exchange or validator before acting. Not financial advice.