"Odin.fun Revolutionizes Bitcoin Meme Coins with 2-Second Transactions"

Odin.fun, a new Bitcoin-based meme coin platform, launched on Thursday with the aim of revitalizing the declining Runes token market. The platform, created by the founders of Bitcoin collectibles marketplace Bioniq, offers faster transaction speeds and improved user experience, mirroring the successful model of Solana’s Pump.fun while addressing technical challenges that have hampered Bitcoin-based token trading.

The standout feature of Odin.fun is its two-second transaction finality, a significant improvement over Bitcoin’s traditional 10-minute block times. This advancement is made possible through integration with Dfinity’s Internet Computer (ICP) blockchain network, which powers a custom application chain called Valhalla specifically built for Odin.fun.

The launch of Odin.fun comes at a time when Bitcoin’s Runes tokens, which debuted with the network’s halving last year, have faced declining interest. Despite initially accounting for 81% of Bitcoin network activity at launch, recent weeks have shown decreased enthusiasm and falling prices. Major Runes projects like DOG•GO•TO•THE•MOON and PUPS•WORLD•PEACE have experienced 10% price drops over the past week.

The platform introduces several technical solutions to improve the trading experience. One key feature is the implementation of session keys, which eliminate the need for users to approve every transaction manually, streamlining the trading process and reducing friction. Odin.fun also adopts a “bonding curve” trading model similar to Pump.fun, where a token’s price increases along a predetermined curve until reaching a market cap of one Bitcoin, after which trading shifts to Odin.fun’s built-in automated market maker.

Development of Odin.fun began three months ago, with the team focusing on creating a smoother trading experience than Bitcoin’s blockchain typically allows. The platform achieves this through its integration with the Internet Computer network, which enables faster processing and improved scalability. The current limitations of Bitcoin-based meme coins are evident in existing platforms like Magic Eden, where users must trade tokens in predefined batches rather than specific quantities, creating barriers to smooth trading.

Odin.fun is currently operating in beta phase with approximately 200 test users. The limited testing pool suggests that immediate impact on overall Runes-related activity may be modest. However, the platform is scheduled for full public launch on Monday. The technical architecture of Odin.fun relies on a custom