Cross-chain decentralized substitution (DEX) THORSwap appears to be on the path to recovery after the THORChain network was taken offline post-obit major exploits just 3 months subsequently entering its guarded launch.

The Creation-powered network aims to support decentralized trades executed across dissimilar blockchain networks such every bit Bitcoin and Ethereum. According to a Tuesday progress written report, the squad behind the project'south DEX, THORSwap, has then far restored functionality for four of the five networks it supported prior to going downward in July.

The update states that THORSwap has resumed swap functionality beyond the Bitcoin, Bitcoin Cash, Litecoin and Binance Smart Chain networks, adding that the team is currently in the process of reinstating back up for Ethereum.

THORSwap added it is working to integrate support for the Terra stablecoin network and the Cosmos' decentralized finance hub, Gaia. Further integrations with other crypto avails, including Dogecoin (DOGE), Decred (DCR), Haven (XHV) and Monero (XMR), are likewise under evolution.

The team is likewise working to better the performance of network nodes.

THORSwap's highly guarded "Chaosnet" was partially launched in April, following the launch of THORChain's initial systems in July 2022.

Despite apparent early success, the THORChain network would endure 3 hacks during June and July, forcing information technology to take some services offline.

Related: Possible 'white chapeau hacker' exploits THORChain for $8M, proposes 10% bounty

THORChain was initially exploited in June. Withal, the squad downplayed the incident at the time, stating that the first exploit attempt was express to $140,000, "which is a small corporeality compared to other exploits."

The network was exploited again for a much larger $7.6-one thousand thousand sum in Ether (ETH) on July 16 later a hacker discovered a vulnerability resulting in the suspension of operations. THORChain was attacked for a third time on July 23 when a hacker exploited the network's Ethereum router to steal $viii million worth of ETH.

"It's been a tough fourth dimension for THORChain during the final few months, but fundamentals never changed," said the THORSwap squad.