So this SWAPBLOCK will be removing the influence of the middle man, and that will makes the excess fee that usually goes to the middle man will be removed, that way will reduce the excess cost for every transaction.
Yes exactly! It's hard to pinpoint the exact cost of the middleman considering that data is private, but for products like Interest rate swaps, the cost of the middleman is in the $1,000,000 - $2,000,000 range.