The first decentralized exchange UTXOSwap of RGB++ Layer is officially launched.

ChainCatcher news, the first decentralized exchange (DEX) based on RGB++ Layer, UTXOSwap.xyz, has officially launched on the mainnet. UTXOSwap utilizes bridge-less cross-chain and smart contract functionalities, aiming to release liquidity for all assets on UTXO chains.

UTXOSwap adopts an off-chain matching and on-chain verification model, allowing users' intent orders to be directly matched with AMM liquidity pools. In the future, the platform will also introduce third-party liquidity providers. Currently, UTXOSwap supports asset trading in the RGB++ and CKB ecosystems, with plans to expand to more UTXO ecosystem assets, striving to become an important infrastructure for Bitcoin finance (BiFi).