FluidTokens Launches the Inaugural Decentralized Exchange for Runes on the Bitcoin and Cardano Networks

Swiss-based DeFi company FluidTokens has recently launched the first decentralized exchange (DEX) dedicated to Runes, a type of digital asset gaining popularity in the crypto community. Developed by Casey Rodarmor, creator of the Ordinals protocol on Bitcoin, Runes allow for the creation and trading of meme coins directly on the blockchain. The launch of the protocol coincided with the Bitcoin halving event, resulting in increased activity within the crypto market and significant profits for Bitcoin miners. FluidTokens aims to simplify the trading of meme coins by integrating the Runes protocol into their DEX, providing users with a user-friendly and efficient platform. FluidTokens’ ambition is to bridge the gap between traditional finance and DeFi, and they are developing additional DeFi services that will operate on the Bitcoin Layer. Despite initial excitement surrounding the Runes protocol, activity levels and interest have declined following the Bitcoin halving.