Fluid Tokens Revolutionizes Bitcoin Ecosystem with Fully Decentralized Exchange for Runes

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

Focusing on UTXO blockchains like Bitcoin and Cardano, Fluid Tokens offers a diverse range of financial services that empower users to leverage their assets securely and transparently. Previously, Fluid Tokens launched the first permissionless lending platform for Bitcoin NFTs, Ordinals, showcasing their expertise with UTXOs and ability to deliver functional products.

Building permissionless protocols on Bitcoin is a rarity in the space, as most protocols rely on multi-signature addresses. The newly introduced Bitcoin Smart DEX for Runes is designed to facilitate the trading and liquidity of Runes, a digital asset gaining popularity within the crypto community. 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 prioritizing user experience by listening to 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 the web3 user experience to onboard non-crypto users.

Since their launch, Runes have made up 68% of all Bitcoin transactions, equivalent to 2.38 million runes. Within its first week, Runes generated over $135 million (or over 2129 BTC) in transaction fees. On April 23, the biggest day of Rune transactions saw 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 11,000 runes have been minted to date.

Fluid Tokens DEX boasts several key features. It is fully decentralized, being the first 100% permissionless lending protocol supporting Runes and Ordinals along with all major BTC wallets. Unlike many other Bitcoin exchanges, Fluid DEX does not hold custodial Runes or BTC funds.

The DEX allows users to swap not only Bitcoin (BTC) for Runes but also Runes for Runes, a first in the industry. Users can decide the exact amount they want to trade, eliminating the need for bulk trades. The platform offers EASY & PRO trading modes and employs an order book model, which is the best approach for UTXO chains as Automated Market Makers (AMM) are not optimized for these blockchains. Order book models are advantageous for liquidity providers as they avoid impermanent loss, a common issue in AMMs.

Fluid DEX's peer-to-peer nature means that snipers are unable to steal swaps from other users, ensuring a fair trading experience without the risk of front-running—a malicious practice where users exploit advanced knowledge of pending transactions to gain an unfair advantage.

Rune lending will also be live shortly, positioning Fluid Tokens as the DeFi hub for all rune owners. Matteo Coppola, FluidTokens CEO, expressed excitement about being at the forefront of this technological wave, bridging the gap between traditional finance and the burgeoning world of DeFi. "We're bridging the gap between traditional finance and the burgeoning world of DeFi, with FluidTokens continuing to lead the charge towards a more inclusive, accessible, and fair financial future," said Coppola.

FluidTokens is a leading ecosystem on Bitcoin and Cardano blockchains, leveraging assets to offer innovative financial services. This open, trustless, and secure ecosystem provides various non-custodial DeFi services for any crypto user, created based on community needs and feedback. The official FluidDAO has been legally established in Switzerland, and the $FLDT token is live on MEXC and Minswap. For more information, visit FluidTokens.