Fluid Tokens, a cutting-edge company based in Switzerland, is leading the charge in revolutionizing traditional finance through decentralized finance (DeFi) solutions that do not require permission. They have recently unveiled new features on their decentralized exchange (DEX) for Bitcoin assets, including Runes-to-Runes trading pairs.
Specializing in UTXO blockchains like Bitcoin and Cardano, Fluid Tokens provides a wide range of innovative financial services that empower users to utilize their assets securely and transparently.
One of their notable achievements is the launch of the first permissionless lending platform for Bitcoin NFTs, Ordinals, showcasing their expertise in UTXOs and their ability to deliver practical products.
Building permissionless protocols on Bitcoin is a rarity in the industry, as most protocols rely on multi-signature addresses. However, Fluid Tokens has developed the Bitcoin Smart DEX for Runes, specifically designed to enhance the trading and liquidity of Runes, a digital asset that has been gaining popularity within the crypto community. This initiative aims to improve the versatility and functionality of the Bitcoin ecosystem by simplifying token creation and ensuring compatibility with Bitcoin’s security infrastructure, unlocking new possibilities for enhancing the utility and reach of the Bitcoin network.
Fluid Tokens operates as a community-centric, innovation-driven platform that values user experience. By listening to community suggestions and enabling active participation from all users, they have created protocols that are non-custodial, allowing any user to act as both a liquidity provider and a borrower. This approach simplifies the web3 user experience to onboard non-crypto users seamlessly.
Since the launch of Runes, they have accounted for 68% of all Bitcoin transactions, totaling 2.38 million runes. Within the first week, Runes generated over $135 million or 2129 BTC in transaction fees. The peak day for Rune transactions was on April 23, with over 750,000 transactions. The combined market cap for Ordinals and Runes has surged to $1.03 billion, with an average daily trading volume of $2.25 million in May. Data from Unisat indicates that over 11,000 runes have been minted to date.
Key Features of Fluid Tokens DEX include:
– Fully Decentralized: Fluid Tokens is the first 100% permissionless lending protocol supporting Runes and Ordinals, compatible with major BTC wallets, and does not hold custodial Runes or BTC funds.
– Trading Features: Runes Trading Pairs, Ordinals Trading
– Order Amount Toggle
– EASY & PRO Trading Modes
– Orderbook DEX: Utilizing an order book model for liquidity providers without the risk of impermanent loss.
– No Front-Running/Anti-Snipers: Ensuring a fair trading experience by preventing snipers from exploiting advanced knowledge of pending transactions.
Rune lending will soon be available, solidifying Fluid Tokens as the DeFi hub for all rune owners.
Matteo Coppola, CEO of Fluid Tokens, expressed excitement about being at the forefront of technological advancements in the Bitcoin ecosystem. By bridging the gap between traditional finance and DeFi, Fluid Tokens aims to create a more inclusive, accessible, and fair financial future.
About Fluid Tokens:
Fluid Tokens is a leading ecosystem on Bitcoin and Cardano blockchains, offering innovative financial services leveraging assets in a trustless and secure environment. Their community-centric approach prioritizes user experience and active participation, with protocols that allow users to be both liquidity providers and borrowers. The official FluidDAO is established in Switzerland, and the $FLDT token is live on MEXC and Minswap. For more information, visit: https://fluidtokens.com/
Media Contacts:
Stefania Barbaglio, Nadine Arendse
Cassiopeia
[email protected]
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