THORChain posts $3M in September revenue as Bitget-linked activity surges

THORChain generated $3.01 million in revenue in September as Bitget-related trading activity increased, CryptoSlate reported. That was the protocol’s highest monthly revenue since March 2025. Swap volume reached $2.4 billion over the same period, the highest level since June 2025. CryptoSlate said the increase in trading appeared to be tied to fund movements related to the Bitget hack. From Sept. 25 to Sept. 29, swap volume totaled about $1.37 billion, accounting for 57% of the monthly total, while revenue during that span reached about $1.9 million, or 63% of the month’s total revenue.