Runes Swap: Introducing Xverse’s New In-App Bitcoin DEX
Learn about Xverse’s new in-app Bitcoin DEX that enables decentralized Runes token swapping directly within Xverse wallet.
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Decentralized Bitcoin exchanges have become increasingly popular due to the rise of on-chain Bitcoin token protocols, such as BRC-20 and Runes. There has also been an ongoing shift away from centralized exchanges to decentralized trading venues to provide a more accessible, permissionless, and secure trading experience.
In line with this shift, Xverse has launched a new in-app Bitcoin DEX that enables you to use bitcoin or runes as a base asset for decentralized, non-custodial token swaps.
Read on to learn more about Xverse’s new in-app, multi-provider Runes swap feature.
Introducing Runes Swap: Trade Runes Tokens In Your Xverse App
Xverse’s new Runes swap feature provides seamless token swapping directly in your Xverse wallet by aggregating multiple marketplaces across the Runes ecosystem.
Prior to the launch of the new Runes swap feature, you had to visit many Runes tokens marketplaces to compare token offerings and prices. Now, you can trade runes directly within your wallet and execute your trades without relying on a single DEX.
Xverse’s Runes token swap is designed to simplify runes trading by integrating multiple providers, such as Magic Eden, Unisat and DotSwap, into one platform, making trading runes easier and more user-friendly.
Commenting about the launch, Xverse CEO Ken Liao described the new feature as a game-changer for the Runes ecosystem:
“We’ve brought the simple swap experience that people are used to right into the wallet. At the same time, users can easily access multiple providers to get the best prices.”
Benefits of Runes Swapping Using Xverse
Let’s take a look at why trading Runes tokens using Xverse’s new Runes swap feature makes sense.
Trade from a single app
The addition of in-app Runes swaps provides you with a single, end-to-end Runes ecosystem experience within your Xverse Wallet. Xverse now allows you to browse, store, etch, mint, send, receive, and trade tokens from the Runes ecosystem without leaving your Runes wallet. As such, it delivers a great experience for new users, attracts more people to Runes DeFi, and ensures competitive network fees.
Swapping multiple markets
The Runes swap blends data from multiple aggregators, decentralized exchanges, and market makers to ensure you have access to competitive quotes with the lowest network fees. Additionally, it allows you to access a wide selection of Runes tokens.
Real-time market monitoring
The Runes swap collects market insights in real-time to bring you competitive token offerings and prices. It routes trades through different markets and their varying network fees to help determine which liquidity source will be most affordable for you.
More room for expanding liquidity
Using a single decentralized Bitcoin exchange doesn’t always guarantee maximum liquidity for DeFi traders who need lower slippage, better prices, and diverse liquidity sources. Xverse’s Runes swap feature provides access to multiple liquidity pools that can support larger trades without necessarily affecting the market.
How to Use Xverse to Swap Runes: A Step-by-Step Guide
Open your Xverse Chrome extension and select ‘Swap’ on the dashboard. The swap function is currently only available on desktop but mobile app support will launch soon.
Choose the asset you want to swap on the ‘From’ dropdown menu and the asset you want to receive on the ‘To’ dropdown menu. The base currency will be either a Runes token or bitcoin.
Once you click each dropdown, you will see a search function to help you select your preferred token and a bidirectional arrow to switch the base currency. The dropdown contains tokens that the swap feature will aggregate from different offerings across the Runes ecosystem.
Input the amount you want to transact with and press ‘Get Quote.’
The Runes swap aggregator will then match your transaction with suitable orders with the best price quotes from suitable marketplaces across Magic Eden, Dotswap, Unisat, and other marketplaces.
Now, it’s time to manually select a suitable marketplace with affordable pricing to complete the swap. Xverse intends to uphold its non-custodial status, and for that, your transaction assets are neither held by Xverse nor any of the marketplaces.
Next, preview and verify the details of the quotation as shown below before clicking the ‘Swap’ button.
All fees contained in the swap transaction will then appear.
If all the quoted trade information works for you, click the ‘Swap’ button and confirm the transaction.
And that’s it! That’s how easy it is to trade Runes tokens using Xverse’ new in-app Bitcoin DEX aggregator.
Start Trading Runes Using Xverse
With the introduction of the Runes swap feature, the Runes ecosystem will become more accessible, user-friendly, and affordable.
By swapping Runes tokens directly within your Xverse wallet, you can enjoy a large selection of tokens, top liquidity providers, and competitive pricing from the comfort of your favorite non-custodial Runes wallet.
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