Reflex Finance Launches Reflex Swap with Lower Transaction Fees

  • Reflex Finance Deploys Reflex Swap, a Decentralized Swap With Fee Savings of More Than 50% in Comparison to Market Leaders

  • Reflex Swap Will List Dozens of the Highest Volume BSC Tokens in the First Half of July

  • DeFi Projects Listing on Reflex Swap Will Also Benefit From Low Gas Fees and Will Be Able To Adapt Their Smart Contracts to the Innovative Technology Behind It

ROAD TOWN, BRITISH VIRGIN ISLANDS / ACCESSWIRE / July 6, 2022 /Reflex Finance ($RFX) has deployed a newly developed type of decentralized swap that was designed from the ground up and that could pave the way towards next-generation market dominance.

Reflex Finance, Wednesday, July 6, 2022, Press release picture
Reflex Finance, Wednesday, July 6, 2022, Press release picture

It currently features the lowest gas fees out of any of its competitors as the Reflex team and their development partners at FYB3R have consistently been pushing efficiency as a core tenet, so that swap users as well as other DeFi projects listing on Reflex Swap can benefit directly from this new technology.

The network fees on Reflex Swap currently average around $0.25 USD, which already means savings of about 60-75% in comparison to market-leading decentralized exchanges. However, Reflex Finance CEO Ryan Arriaga points out, that he expects to be able to drop the fees even further:

"When users compare services of equal quality, price will be the deciding factor. For Reflex and projects that allow us to adapt their smart contracts we already know that we'll be able to go even lower and that's why we are convinced that Reflex Swap and the technology behind it will reach mass adoption much earlier than most people would expect at this point."

Network fees, also known as "gas" fees, are unavoidable when trading cryptocurrencies but this new development has taken enormous leaps forward in minimizing those fees and passing the savings on to the end user. Especially day traders and scalpers could save hundreds or even thousands of dollars over the course of a year depending on how often they initiate trades.

The technology behind Reflex Swap is highly sought after, as Reflex Finance and FYB3R confirmed they have already been approached by over 20 projects and exchanges interested in cooperating or licensing it.

"We have positioned us in a way that we will be able to sit in the middle when it comes to licensing this new technology out to other projects. This of course will hugely benefit Reflex Finance and its holders," Arriaga stated in one of Reflex Finance's latest AMAs.

Reflex Swap - The new Gold Standard for Decentralized Exchanges

It is no secret that high network fees can be a turn off for most investors looking to buy older, less efficient coins like Ethereum or Bitcoin. The Binance Smart Chain generally already sports low fees, but this new swap will take that to a new level yet unseen in the crypto market to date.