AirSwap

What is AirSwap?

AirSwap is an open developer community dedicated to decentralized trading systems, focusing on facilitating peer-to-peer networks using de facto standard RFQ and LastLook protocols. This project aims to revolutionize the way digital assets are traded, providing a trustless and efficient platform for market participants. AirSwap technology stands out as the top choice for traditional market makers transitioning into the decentralized financial system.

Our vision is a future where all forms of value are represented as digital assets and flow freely among people and communities globally. With the mission to become the standard peer-to-peer trading system, AirSwap strives to be a fundamental primitive of the decentralized economy.

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Recent Video Interview

Main points of the interview:

• Introduce AirSwap's newly open-sourced libraries, designed to aid decentralized application development.
• The libraries streamline tasks like token metadata retrieval, balance approvals, and token trades.
• Cover interaction with the Swap protocol, enabling atomic swaps and order management.
• Practical examples illustrate connecting to the protocol, obtaining orders, and executing trades programmatically.

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Technology

AirSwap curates a peer-to-peer network for trading digital assets, leveraging a novel design to protect traders from counterparty risk, price slippage, and front running. Any market participant can discover others and trade directly peer-to-peer using a combination of web protocols and smart contracts, making the technology accessible and transparent.

Benefits:

• AirSwap enables "atomic swap" transactions, ensuring that both parties succeed or the entire transaction reverts, eliminating the need for trust between parties.
• The platform is non-custodial, without deposits or escrow, providing peer-to-peer transactions with no counterparty risk or intermediating participants.
• Competitive and efficient pricing is ensured as trading firms provide liquidity via AirSwap at competitive prices, without slippage, front running, or price manipulation.

Architechture & Protocols

AirSwap's architecture and protocols break down barriers in digital asset trading, fostering flexibility and efficiency: In AirSwap, each swap occurs directly between two parties and involves two tokens, facilitated by a smart contract. This structure allows for custom pricing and accommodates swaps of any size, ensuring seamless settlement for all transactions.

At the core of AirSwap's functionality are its innovative protocols:

• Request-for-quote (RFQ) and LastLook (LL) automate request-response and streaming functions, respectively. RFQ enables real-time asset pricing by market makers, while LL continuously streams prices to clients, facilitating swift decision-making.
• Alongside these automated protocols, AirSwap supports manual trading between known counterparties through Over-the-counter (OTC) trading. This feature provides a seamless settlement process, particularly beneficial for large-scale transactions or specialized trading strategies.

Users access various applications within the AirSwap ecosystem, including AirSwap DEX, AirSwap DAO, and AirSwap CLI. Integration with DEX aggregators and market makers like MetaMask Swaps further enhances accessibility and usability for traders.

Governance

AirSwap operates as a community asset held by token holders, with transparent decision-making processes and governance through AirSwap Improvement Proposals (AIPs). Token holders stake AirSwap tokens (AST) to participate in governance, earning rewards based on their contributions to the community.

Why Use AirSwap?

AirSwap offers a compelling proposition for traders seeking a seamless and secure decentralized trading experience. Unlike centralized exchanges, AirSwap operates on a non-custodial model, ensuring users retain control over their funds. With no sign-up requirements and minimalistic user interfaces, AirSwap prioritizes ease of use and accessibility. Moreover, its exact pricing mechanism eliminates slippage, guaranteeing that the price users see is the price they get. Security is paramount, with AirSwap consistently rated as one of the safest Ethereum decentralized exchanges. Whether for seasoned traders or newcomers to the cryptocurrency space, AirSwap provides a trustworthy platform for executing trades with confidence.

Similar Assets

Some similar assets to AirSwap: 0x Protocol, 1inch, IDEX, Balancer, Bancor Network, Bitget Token, Cap, Curve DAO, Synthetix Network...

Project Development

AirSwap celebrates its sixth anniversary with significant advancements, including custom NFT marketplaces, OTC 2.0, Protocols 4.1 across eight EVMs, and a revamped member dashboard, all presented on a sleek new website. Originating as one of Ethereum's pioneer peer-to-peer DEXs in 2017, AirSwap has evolved into a self-sustaining open-source DAO, demonstrating the potency of community-driven Web3 initiatives. Over the years, AirSwap has facilitated over $3.7 billion in trading volume, distributing $3 million in fees to its vibrant community.

Noteworthy updates include NFT Marketplaces, empowering communities to create bespoke decentralized trading hubs, and OTC 2.0, enhancing peer-to-peer swaps directly on AirSwap's web app. The new member dashboard caters to over 350 active staking members, providing staking, voting, and claiming functionalities. Protocols 4.1 brings further efficiency and extensibility, fostering over $3.7 billion in trading volume since 2021. With accolades from institutions like the St. Louis Fed and MIT Technology Review, AirSwap solidifies its status as a premier peer-to-peer protocol.

AirSwap Price Analysis

As of November 24 2024 AirSwap has a marketcap of $19M. This is {{percentagefromath}} from its all time high of $1.85. In terms of its tokenomics, there's a total supply of 500M with 41% currently outstanding. Keep in mind AirSwap has a fully diluted value of $45M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.