A swap in cryptocurrency refers to the exchange of one asset for another without the need for a central intermediary. It allows users to trade different cryptocurrencies or tokens directly with each other.Swaps can happen on decentralized exchanges (DEXs), where users connect their wallets and conduct trades using smart contracts. This method enhances privacy and reduces fees associated with centralized platforms.In addition to trading assets, swaps also refer to the process of exchanging tokens at a fixed rate for a specific period. For example, users might swap one type of token for another, typically based on market conditions or personal investment strategies. Moreover, some platforms offer liquidity swaps, where users provide liquidity to a trading pair and earn rewards based on transaction fees. This incentivizes participation and enhances market activity.Overall, swaps provide flexibility and options for users seeking to manage their cryptocurrency portfolios without relying on traditional exchanges.