churn

THORChain released an event update stating that the network is entering the final stage of recovery. Currently, the integrity of each node's keyshare is being verified through the new KeyVerify protocol. This step is used to confirm that each vault is in a secure state before the churn begins. If the verification passes, the next major step will be the churn, where the network will transfer all funds to new vaults.THORChain indicated that the churn time is the current main variable, which may take anywhere from several hours to several days. After the churn is completed, subsequent steps are expected to progress quickly, including re-enabling Secured and Trade assets, LP operations, and finally restoring trading. This network recovery has taken longer than expected, as the team has consistently prioritized security and stability, and will continue to share more updates moving forward.

ChainCatcher news, according to Protos, the trading volume of Hamster Kombat's HMSTR token surged by 3720% earlier this month, reaching nearly $1.5 billion, despite a loss of 259 million users from its player base.The trading volume of HMSTR seemed to suddenly increase on November 9, jumping from $39 million at 00:27 GMT to $496 million at 14:03 GMT. The next day, its trading volume soared again to $1.49 billion, marking a 3720% increase and setting a new all-time high, despite the player loss.Protos reported that Hamster Kombat had a monthly player count of 300 million in July, which decreased by 86% by November 4, resulting in a loss of 259 million players. Currently, its monthly player count stands at 52 million.