utxos

ChainCatcher message, CryptoQuant stated that 99% of Bitcoin UTXOs are in profit, and market euphoria may be approaching.Analyst Darkfost_Coc said, "When this 99% signal declines, unrealized profits will shrink, potentially triggering more profit-taking and forcing late-entry investors to capitulate and sell at a loss."

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated on the X platform that the Bitcoin market is currently in a frenzy phase, with 99.3% of unspent transaction outputs (UTXO) in profit.Ki pointed out that this "frenzy" phase usually lasts from 3 to 12 months, but there are exceptions, such as the bull trap in November 2021.Ki indicated that this phase began two weeks ago, and the market is at a critical point. Shorting may capture opportunities near the top or could lead to misjudgments at the bottom of a parabolic rise.

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).

ChainCatcher news, BiFi's new protocol UTXOSwap has released a light paper and plans to launch a public beta in late May. The UTXOSwap team won first place in the CKB ecosystem at the Bitcoin Devcon hackathon and has now reached a strategic cooperation with the CKB Eco Fund.It is reported that UTXOSwap is a decentralized exchange (DEX) protocol based on CKB, aiming to define a new paradigm for Bitcoin Finance transactions. UTXOSwap adopts an intent-based trading model, leveraging the advantages of the UTXO programming model. It currently supports trading of RGB++ and CKB ecosystem assets, with plans to expand in the future to include other BTC ecosystem assets such as Ordinals and Runes.UTXOSwap implements an intent-based hybrid trading model, supporting both automated market maker (AMM) mechanisms and off-chain order book matching. In addition, leveraging CKB's underlying technology, such as cryptographic source language and other chain-level designs, UTXOSwap offers advantages such as nearly 0 Gas for Swap transactions, the ability to pay with any token, support for user-defined AMM curves and fee rates, as well as Dapp native compatibility with multi-chain wallets and seamless operations for L1/L2.