Swap
Instant exchange between two cryptocurrencies.
Beginner-friendly explanation
A swap is a quick exchange of one cryptocurrency for another. You specify the amount and receive the other crypto without using a traditional exchange. Example: You swap 100 USDC for 0.0025 BTC on Uniswap.
Intermediate-level insight
Swaps use AMMs or decentralized exchanges to automatically provide a price. There is often slippage (difference between displayed and executed price). Example: If you swap a large amount in a small pool, you will experience more slippage.
Advanced perspective
Complex swaps (multi-hop) go through multiple pools to achieve the best possible conversion. DeFi aggregators (1inch, Matcha) automatically optimize the swap route. Example: To swap DAI for WBTC, a swap may route through DAI → ETH → WBTC to maximize your rate.
NFT DEFI Web3
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