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While Christianity is proto-Communism deprived of any knowledge European native religions are crowded with alchemical/spiritual allegories yet to be re-discovered.
The Ragnarok represents the Nigredo, when the soul dies and reborn purified.
Thor killing Jörmungandr represents the Vidyut Shakti (The Lightning) activating the Kundalini Shakti (The Serpent).
Woden is Norse equivalent of God Mercury. In Alchemy, Mercury is the “Fluid Principle”, the Spirit. This is the Kundalini.
The union of Niflheim and Muspelheim created Ymir. This is a allegory for Rebis (Magnum Opus/Shivarupa), the god being created through the union of opposites.