AirSwap price went vertical on Thursday as cryptocurrencies attempted to recover. The AST token rose to a high of $0.1717, which was the highest level since September 19. At its peak on Thursday, the coin was up by more than 67% from the lowest level this month.
What is AirSwap and why is it rising?
AirsSwap is a small but fast-growing peer-to-peer decentralized exchange (DEX) that makes it possible for people to trade ERC20 tokens. Its goal is to solve the challenge of order books by replacing it with an off-chain negotiation and on-chain settlement. The challenge with order books is that they are difficult to scale and are often expensive for users.
AirSwap is made up of three key parties. First, there are makers and taker. The taker and maker will typically perform a trade negotiation off-chain. The third party in this case is
GIPHY App Key not set. Please check settings