Satflow

Satflow is a financial software company that has developed a trading platform focused on enhancing Bitcoin's Layer 1 infrastructure to an institutional grade. Founded in 2022 by Alexander Miller, Robert Clarke, and Anatolie Diordita, the company is headquartered in Dover, Delaware. The founders, experienced traders and engineers, identified a gap in the market for professional traders in the Bitcoin ecosystem, particularly concerning Ordinals and Runes. Their journey began with experiments in Bitcoin, including minting BRC20s and launching one of the first marketplaces for Bitcoin collectibles, which led to the creation of Satflow.

The company's core offering is a decentralized exchange (DEX) tailored for market makers and high-frequency traders. Satflow's platform addresses critical issues in Bitcoin trading, such as the 10-minute block time challenge and "mempool sniping," where users exploit transaction time lags. To counter this, Satflow implements a three-transaction process for trades, making them "unsnipable" and ensuring fairer trading conditions. The business model centers on providing a high-performance infrastructure that offers lightning-fast transaction speeds, low latency, advanced order types, and deep liquidity pools. Initially, the DEX operates with zero trading fees to attract high-volume traders, positioning itself as a cost-effective alternative to competitors like Magic Eden.

Satflow's platform provides a "mempool-first" perspective, offering real-time data on transactions, blocks, and trading activity. Unique features include sniping protection and "Flux Rewards," a points system for users. In August 2024, the company secured $7.6 million in a seed funding round led by Variant Fund, with participation from notable investors including Coinbase Ventures, Nascent, and CMS Holdings. This capital is aimed at further developing its technology and expanding its team. In October 2024, the zero-fee DEX was launched to the public after a private beta with over 250 traders.

Keywords: Bitcoin trading platform, decentralized exchange, Bitcoin Layer 1, institutional trading, high-frequency trading, market maker infrastructure, Ordinals, Runes, mempool data, crypto trading, financial software, blockchain infrastructure, digital asset trading, low latency trading, crypto liquidity, DEX, anti-sniping, seed funding, Variant Fund, Coinbase Ventures