Todays Top Stories

Editor: @PhoenixxDown

Runes Rebooted?

If you’ve been following our Runes market analysis over the past month—or longer—you know it’s been rough. Trust me, if you dread reading it, spare a thought for us; we dread writing it.

One recurring theme we’ve emphasized is the desperate need for better UX and liquidity for Bitcoin Runes. Thankfully, there are early signs of progress. Recent developments from platforms like @RunesDEX, @ALEXLabBTC, and @dot_swap are not only boosting liquidity but also reshaping the trading experience, making Bitcoin Runes more accessible, functional, and secure.

The Role of AMMs in Runes’ Revival

At the heart of these improvements are Automated Market Makers (AMMs). AMMs are decentralized protocols that enable digital assets to be traded without traditional intermediaries like order books.

In an AMM system, users provide liquidity by depositing tokens into pools. These pools use algorithms to set prices based on the ratio of assets in them. Traders can swap tokens directly from the pool, with prices adjusting through a mathematical formula, often the constant product market maker model. This eliminates the need for a counterparty, reducing slippage and ensuring trades can occur even during low trading volume—critical for enhancing liquidity and stability for Runes.

@RunesDEX has introduced one of the first AMMs dedicated to Bitcoin Runes. By enabling permissionless swaps, it offers users a faster and more secure trading environment. The platform’s non-custodial model ensures users retain control of their assets, boosting trust and adoption. Just earlier today, it was announced that Xverse has integrated RunesDEX as a swap provider.

@ALEXLabBTC takes Runes beyond simple trading. By integrating Runes into its decentralized exchange, it facilitates seamless exchanges with Bitcoin and potentially other blockchain assets, enhancing cross-chain interoperability. Furthermore, ALEX introduces lending and borrowing options, where Runes can serve as collateral. These features deepen liquidity pools and offer more financial tools for users.

@dot_swap focuses on making Rune trading as simple as possible. Its AMM services feature an intuitive interface that’s welcoming to DeFi newcomers, while still maintaining trustless transactions. By prioritizing user engagement and ease of use, Dot Swap has become a key player for anyone looking to interact with Runes securely and efficiently.

There are others also, such as Saturn who we have previously covered. It looks set to be an interesting couple of weeks/months as platforms vie for mindshare and trading activity.

As these innovations continue, those Runes market reports at the bottom of this newsletter might finally start looking a little brighter. To quote Bonk Guy, proud Rune holder: GOD WILLING.

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Daily Bites: Today’s Top Articles

Todays Markets

Catch up with @CryptoLandy with yesterdays Macro Monday:

Ordinals

A better day for volume in the Ordinals market, though the bar was set low yesterday. Only two collections registered over 1 BTC in volume then, but today, the top six collections all crossed that threshold. It’s still far from where we need to be, but it’s progress.

Unsanctioned Wizards lead the day with a 75% increase in floor price. These were airdropped to holders of Bitcoin Wizards and Organic Bitcorn, with Phase 2 (50% of the supply) set to release at a future date. Check out the full details on their website.

Fomoji’s are gaining traction, reflected by a 67% floor increase today, now sitting at 0.015 BTC.

Founder Sanj has hinted at “big things coming” and Sanj is one of the most respected and hardworking founders around, so his words carry weight. We’re excited to see what’s next for the collection.

Runes

Despite today’s featured article highlighting improvements for Runes, the news hasn’t translated to market prices yet. The bleed continues with $BILLY dropping below 40 sats and $PUPS under 100 sats.

For context, they were at 160 and 420 sats respectively at the end of November. How are you playing this—buying the dip or staying on the sidelines?

Just for today, we’ve included the 11th position due to its relevance: the Trump inauguration is fast approaching. This Rune spiked during the election run-up and then cratered afterward. Is it showing signs of life again?

Todays Opportunities

Giveaways

There are currently two raffles live, so join the Discord below and make sure you have notifications on so you don’t miss out!