About

Airswap is a peer-to-peer, non-custodial exchange protocol and network for trading ERC20 tokens that allows traders to identify potential counterparties, negotiate directly (and privately), and execute on-chain.

History

AirSwap was founded in 2017 as a joint venture between ConsenSys and Fluidity with the goal of creating tools to enable traders and developers to interact with and build their own solutions on top of the protocol. The company was founded concurrently with the release of the Swap Protocol whitepaper which details the architecture behind Airswap. It removes the need for an order-book since traders are exchanging tokens in a peer to peer fashion through an atomic swap using an Ethereum smart contract. Since there are no order-books there are also no trading fees. In addition to this functionality, AirSwap offers over-the-counter trading for less liquid tokens as well as non-fungible tokens (NFTs).