🔄 What is Token Swap?

Token Swap means exchanging one cryptocurrency for another, either on the same blockchain or across different blockchains.

🔹 Types of swaps:

🔁 On the same network: like swapping USDT to USDC on the Ethereum network.

🌉 Across different networks (Cross-chain): like swapping BNB from the BSC network to ETH on the Ethereum network via a bridge.

🔸 Where is the swap done?

On decentralized exchanges (DEX) like Uniswap and PancakeSwap.

Or via decentralized bridges like Multichain or Wormhole.

🔹 Why is it used?

To take advantage of profit opportunities between networks.

Or to use the currency in a specific protocol.

⚠️ Important note:

Be careful when using bridges, as they are among the most vulnerable places to hacking.

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📌 Understanding Token Swap is essential for any trader or investor in DeFi.

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