Fluid Tokens Launches First Fully Decentralized Rune Exchange

GlobeNewswireJune 12, 20245 min

Fluid Tokens, a Swiss-based company at the forefront of transforming traditional finance through permissionless DeFi solutions, has introduced new features to its decentralised exchange (DEX) for Bitcoin assets, including Runes-to-Runes trading pairs.

Focusing on UTXO blockchains like Bitcoin and Cardano, Fluid Tokens offers a diverse range of innovative financial services that empower users to leverage their assets securely and transparently.

Fluid Tokens launched the first permissionless lending platform for Bitcoin NFTs, Ordinals,  which shows their experience with utxos and ability to deliver functional products.

The ability to build permissionless protocols on Bitcoin is something not so common in the space, most protocols rely on multi-signature addresses.

The Bitcoin Smart DEX for Runes, is designed to facilitate the trading and liquidity of Runes, a digital asset that has been gaining popularity within the crypto community, designed to enhance the versatility and functionality of the Bitcoin ecosystem. By streamlining token creation and ensuring compatibility with Bitcoin’s security infrastructure, Runes unlock new possibilities for enhancing the utility and reach of the Bitcoin network.

FluidTokens is a community-centric, innovation-driven platform prioritising a great user experience – listening to the community suggestions – and allowing everyone to be an active member. As the protocols are non-custodial, any user can be both a liquidity provider and a borrower! Simplifying web3 user experience to onboard non-crypto users

Since their launch Runes have made up 68% of all Bitcoin transactions since launch, which is equivalent to 2.38 million runes. Within its first week Runes generated over $135 million or over 2129 BTC in transaction fees.The biggest day of Rune transactions was on 23 April with over 750,000 transactions. The total market cap for Ordinals and Runes surged to $1.03 billion with an average daily trading volume of $2.25 million in May of this year. Data from Unisat reveals that over 11000 runes have been minted to date.

Fluid Tokens DEX key features

Fully Decentralised
FluidTokens is the first 100% permissionless lending protocol that supports Runes and Ordinals, along with all major BTC wallets. Unlike many other Bitcoin exchanges, Fluid DEX does not hold custodial Runes or BTC funds.

Trading Features

  • Runes Trading ¬†Pairs, Ordinals Trading¬†

The Fluid DEX allows users to swap not only Bitcoin (BTC) for Runes but in a first in the industry also allows users to swap Runes for Runes. Decide the exact amount you want to trade with; no more bulk trades.

  • Order Amount Toggle¬†
  • ¬†EASY & PRO Trading Modes
  • Orderbook DEX

The Fluid DEX employs an order book model, which is the best approach on a UTXO chain, as an Automated Market Maker (AMM) is not optimised for these types of blockchains. Orderbook is the best for liquidity providers because they don’t have impermanent loss, always present in AMM.

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