FeeFree, a fee-free swapping protocol, aims to establish a RobinHood-style decentralized exchange (DEX) in the blockchain industry. It has successfully completed a seed funding round of $3.25 million led by MoonBit, North Island, CoinFund.
In the Ethereum ecosystem, Uniswap is the leading DEX, but it charges liquidity providers fees ranging from 0.05% to 1%, which are ultimately borne by users.
FeeFree‘s model and revenue strategy are highly unique, offering zero-fee swapping. Unlike most DEXs, FeeFree charges a fixed gas fee per transaction (< 0.1u/tx), regardless of the transaction volume.