The crypto market is bearish, but these 2 tokens are still outperforming

Amid a tough day with the cryptocurrency market down on September 11, the last 30 days were also marked by a bearish sentiment and poor price performance for most cryptocurrencies.

Timeline of Thorchain, Toncoin

Toncoin was a big mover on Thursday, as the token rose by nearly 4%, closing in on the $1.90 level in the process. The rally came despite crypto price consolidation, with the global market cap largely unchanged as of writing. Stellar also surged, remaining near a recent two-week high.

RUNE, the native utility token of the THORChain decentralized liquidity protocol, has emerged as the top gainer among the top 100 cryptocurrencies, while Binance partially suspended the asset's withdrawals. RUNE gained 7.

Stellar surged by as much as 7% on Monday, despite sentiment in crypto markets being mostly bearish to start the week. The token rallied for a second straight session, after a recent collision with a key price floor. Toncoin also rose, hitting a fresh multi-month high.

Toncoin (TON) has taken the crypto market by storm, but its meteoric rise has also cast a spotlight on Telegram-bot tokens, drawing attention to the historical affiliation between TON Network and the instant messaging giant, Telegram. Crypto enthusiasts have long regarded Telegram as a pioneer in exploring blockchain technology.

Using decentralized finance to take on USD-denominated debt without paying any interest seems like a pie-in-the-sky concept, but it appears that at least one such decentralized lending mechanism already exists.

In a recent stride towards financial inclusivity, THORChain (RUNE), the trailblazing liquidity network, has unwrapped its innovative lending feature. This breakthrough empowers users to leverage their native Layer-1 (L1) assets—among them Bitcoin (BTC) and Ethereum (ETH)—to obtain loans denominated in TOR, a stablecoin equivalent to the USD.

In a recent development, THORChain (RUNE), the liquidity network, has unveiled its lending feature, enabling users to leverage their native Layer-1 (L1) assets, such as Bitcoin (BTC) and Ethereum (ETH), to secure loans denominated in TOR, a USD equivalent stablecoin. According to the announcement, this move opens up new avenues for financial participation, allowing users to borrow funds without the “burdens” of interest, liquidations, or expiration.

Decentralized exchange (DEX) THORChain (RUNE) flashes momentum following its recent launches. The highly-awaited THORChain lending protocol and Streaming Swaps functionality present a significant game-changer for the crypto project, enhancing usage and adoption. THORChain's latest functionalities have helped native RUNE defy the current downside market trends.

THORChain's RUNE rallied by 22% in the last week, making it the asset with the biggest price uptick during that period. However, as accumulation pushes its way into the overbought territory, is the token at risk?

Cross-chain decentralized exchange (DEX) THORChain is strengthening fundamentally with recently facilitated functionality driving adoption and usage. Furthermore, streaming swaps on THORSwap appear to be pushing RUNE prices higher as they defy the broader crypto market.