What Is Swap?
In AMM-based decentralised exchanges trades called called swaps.
In a swap you you trade against liquidity providers with market order like trades.
The user interacts with a liquidity pool using :their term:non-custodial wallet to perform a swap.
Some example swaps:
In a buy swap, you bought cryptocurrency token with a stable coin, e.g. you buy AVAX with USDC stablecoin
In a buy sell, you bought cryptocurrency token with a stable coin, e.g. you sell AVAXs to gain USDC in your wallet
Swaps are used on AMMs <AMM>.
See also