Satflow Launches DEX to Combat Mempool Sniping in Bitcoin Trading
TL;DR
- Satflow has launched a decentralised exchange (DEX) for professional traders within the Ordinals and Runes ecosystems, securing £7.5 million in funding.
- The platform aims to combat mempool sniping and offers a competitive fee structure, starting at 0%, to attract high-volume traders.
Bitcoin infrastructure firm Satflow has introduced a decentralised exchange (DEX) tailored for professional traders in the Ordinals and Runes ecosystems. With £7.5 million in recent funding, Satflow positions itself as a cost-effective alternative to the popular NFT marketplace Magic Eden. The DEX's primary goal is to tackle mempool sniping, a practice that can disrupt transactions on the £BTC network due to its longer block confirmation times.
Mempool sniping occurs when users exploit delays in transaction confirmations, replacing legitimate transactions with their own by offering higher fees to miners. This tactic poses a significant risk on the £BTC network, especially given the volatile nature of new assets in the Ordinals and Runes markets. To address this, Satflow employs a unique three-transaction model designed to enhance trading security and efficiency for high-volume traders.
The DEX plans to launch with an initial fee structure of 0%, aiming to keep fees lower than those of Magic Eden. This strategic pricing, combined with a focus on eliminating mempool sniping, positions Satflow as an attractive option for traders seeking a reliable platform within the £BTC ecosystem.
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