Sovryn Pioneers Runes Trading Paved the Way for Bitcoin’s iPhone Moment.

Sovryn, the leading decentralized exchange (DEX) built on Bitcoin, is proud to announce today its pioneering role in rune trading with its launch on April 24th. With this historic launch, Sovryn is at the forefront of Bitcoin innovation and tokenization, solidifying its position as an industry pioneer.

Runes Token, a new fungible token standard expected to launch during the upcoming Bitcoin halving, aims to revolutionize Bitcoin. As an alternative to the popular BRC-20 token, Runes provides a more efficient and user-friendly way to create and trade tokens on the Bitcoin network. This paves the way for a variety of applications, including memecoins, stablecoins, ICOs, and more. Bitcoin can now do what only altchains could do before, and is in a position to convert the token creation space of Solana and Ethereum to Bitcoin.

Activity on the Bitcoin mainchain is expected to surge following the launch of Runes, and gas fees are also expected to increase significantly. To solve this problem Sovryn has developed a custom bridge to enable seamless movement of Runes tokens between the Bitcoin mainchain and the Sovryn DEX. This bridge ensures the fastest and most cost-effective way to trade these innovative assets.

By driving rune trading and enhancing accessibility, Sovryn is poised to play a key role in driving adoption and liquidity of these innovative tokens. With the rune ecosystem thriving since launch, Sovryn is well-positioned to become a central hub for rune trading activity.

Sovereign is proud. It is based on a firm commitment to innovation and development. With over $80 million in total value locked (TVL) and over $2 billion in trading volume, the platform is committed to providing cutting-edge solutions that empower the community and advance the industry.

Sovryn’s upcoming DEX 2.0 represents a significant advancement in decentralized trading and promises significantly lower costs and faster transaction speeds compared to existing platforms such as Uniswap. The team’s commitment to providing a great user experience is unwavering, and with the introduction of the intuitive UI to testnet next week, users can expect a smooth and intuitive trading experience unlike anything they’ve encountered before.

With rune trading starting soon, Sovryn is ready to become the DEX for trading these new tokens.

Embark on this historic journey with Sovryn and witness firsthand the transformative power of rune trading.

About Sovereign
Sovryn is a leading decentralized exchange built on Bitcoin, with a TVL of over $80 million and a trading volume of over $2 billion. Sovryn provides users with a suite of secure and innovative financial tools, including trading, lending, borrowing, and margin trading, all in Bitcoin.

Source: Sovereign

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