THORChain made 63% of its record $3 million September income during the Bitget hack-linked trading surge
Five days generated roughly 63% of September system income across all activity, while wallet counts barely reacted. The post THORChain made 63% of its record $3 million September income during the Bitget hack-linked trading surge appeared first on CryptoSlate.
THORChain’s September income surged as Bitget-linked flows drove the protocol’s busiest stretch in more than a year.
The cross-chain exchange generated $3.01 million in system income last month, its highest since March 2025, while swap volume climbed to $2.40 billion, the most since June 2025.
Much of that activity was compressed into five days following the Bitget hack. About $1.37 billion, or 57% of September’s swap volume, crossed THORChain between Sept. 25 and Sept. 29, while the network generated roughly $1.9 million of income during the same period, equivalent to about 63% of the monthly total.
THORChain said the surge coincided with funds linked to the Bitget exploit moving through the network. It explained:
“Between September 25 and 29, daily volume ran between roughly $190M and $460M as funds linked to the Bitget exploit moved through the network.”
The concentration nevertheless highlights the economic consequences of a position THORChain defended as Bitget sought to limit the movement of stolen funds.