AirSwap
AirSwap is an open-source decentralized exchange protocol founded in 2017 that operates a trustless OTC and RFQ token trading network across five blockchains. The platform serves crypto traders and DeFi participants globally with permissionless, peer-to-peer token swaps settled on-chain.
- Company typePrivate
- Founded2017
- HeadquartersNew York, United Kingdom
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What AirSwap does
AirSwap is an open-source decentralized exchange protocol founded in 2017 that operates a trustless OTC (over-the-counter) and RFQ (Request-for-Quote) token trading network. The platform enables peer-to-peer token swaps between counterparties, with pricing logic computed off-chain and settlement executed on-chain, distinguishing it from AMM-based DEXs on competitive pricing for larger trade sizes. The technical architecture relies on atomic swaps secured by mutual cryptographic signatures, ensuring that trades only execute if both counterparties successfully transfer tokens. AirSwap supports five blockchain networks — Ethereum, BNB Chain, Polygon, Linea, and Avalanche — and has processed $4.42B in cumulative trading volume across 2.64M swaps, with the largest single swap at $30.7M.
The product suite spans the core AirSwap DEX, an OTC module for large token trades, an NFT marketplace, open-source developer resources on GitHub, a DAO for community governance by AST token holders, and an analytics dashboard (via Dune). AirSwap generates revenue through transaction fees on swaps executed via the protocol, with $3.4M historically distributed to platform participants — though the specific take rate retained by the protocol/treasury versus passed through to Makers is not publicly disclosed. The go-to-market is product-led and permissionless: users access dex.airswap.xyz without registration or KYC, connecting wallets directly. Distribution is community-driven via Discord, X/Twitter, GitHub, Telegram, and DAO governance. The company operates with a 1–10 person team, is privately held, and was co-founded by Don Mosites and Michael Oved. A single $36M funding round from ConsenSys Mesh in October 2017 is the only recorded financing event.
AirSwap firmographics
Firmographics- Name
- AirSwap
- Legal name
- AirSwap
- Website
- https://airswap.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- AirSwap is an open-source decentralized exchange protocol founded in 2017 that operates a trustless OTC and RFQ token trading network across five blockchains. The platform serves crypto traders and DeFi participants globally with permissionless, peer-to-peer token swaps settled on-chain.
- Ownership category
- akta.pro rank
AirSwap industry classification
Industry- Product category
- Decentralized Exchange
- NAICS
- Commodity Contracts Intermediation (523160), Securities and Commodity Exchanges (5232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD)
- akta.pro secondary industries
- On-Chain Limit Orders & Algorithmic Execution (FSADABAJ), OTC Spot Trading & Block Execution (FSADAJAB), OTC Desks & Block Trading Networks (FSAPADAH)
Keywords
Where AirSwap is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
AirSwap business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations
Revenue model
- Trading Fees / Transaction Fees: AirSwap generates revenue through transaction fees on swaps executed through its DEX platform. The platform has distributed $3.4M in fees to participants. The specific fee structure (take rate or spread) is not publicly disclosed.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
AirSwap product offering
Product offeringCore offering
AirSwap operates a decentralized exchange (DEX) protocol for peer-to-peer token trading using OTC and RFQ (Request-for-Quote) mechanisms across multiple blockchain networks. Pricing logic runs off-chain while settlement occurs on-chain, with trades secured by mutual cryptographic signatures in atomic transactions. The protocol supports trading on Ethereum, BNB Chain, Polygon, Linea, and Avalanche.
Product overview
AirSwap is a decentralized exchange platform operating as a trustless OTC and RFQ (Request-for-Quote) token trading network. The core platform consists of the AirSwap DEX for standard token swaps, complemented by an OTC module for large trades, an NFT Marketplace for non-fungible tokens, and developer resources via GitHub. The ecosystem also includes a DAO for community governance and a Stats dashboard for analytics. The platform launched in 2017 and supports trading across multiple blockchain networks including Ethereum, BNB Chain, Polygon, Linea, and Avalanche.
Differentiator
Problem solved
Functional benefit
Products and services
- AirSwap DEX The main decentralized exchange for token trading, enabling efficient swaps between counterparties at competitive pricing with off-chain pricing logic and on-chain settlement.
- AirSwap OTC Over-the-counter trading platform for large token trades, enabling counterparties to transact directly peer-to-peer without AMM routing.
- AirSwap NFT Marketplace NFT marketplace for trading non-fungible tokens on supported blockchain networks, leveraging the same peer-to-peer trading infrastructure.
Quantifiable outcome
- $4.42B in all-time trading volume across 2.64M swaps
- +1 more outcomes
Companies that use AirSwap
Customer profileSegments1 record
Ideal customer profiles1 record
AirSwap technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
AirSwap partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights5 records
AirSwap competitors and assessment
Company assessmentDirect peers
- Uniswap: Uniswap is the largest AMM-based DEX on Ethereum and multi-chain, offering token swaps to the same crypto traders and DeFi participants AirSwap targets. While Uniswap uses an AMM model versus AirSwap's RFQ, both compete for the same DEX volume pool and are commonly routed side-by-side by aggregators.
- 0x Protocol: 0x is a DEX aggregation and RFQ infrastructure protocol that powers wallets and DEXs (including Matcha). It is a direct competitor to AirSwap on RFQ-based trading and OTC routing, with overlapping maker/taker mechanics and target customers.
- CowSwap (Gnosis): CowSwap is an intent-based DEX that uses batch auctions and RFQ to deliver MEV-protected swaps. It is highly comparable to AirSwap's RFQ/OTC model and directly competes for traders seeking slippage protection on large token trades.
- Hashflow: Hashflow is an RFQ-based DEX offering cross-chain, quote-driven token trading for professional market makers. Its RFQ architecture is closely aligned with AirSwap's approach, and both target institutional and sophisticated retail traders seeking better execution than AMMs.
- SushiSwap: SushiSwap is a multi-chain AMM DEX offering token swaps across Ethereum, Polygon, BNB Chain, and Avalanche, overlapping AirSwap's supported networks. It serves a similar trader base with a different mechanism (AMM vs RFQ).
- Curve Finance: Curve is a leading DEX focused on stablecoin and like-asset swaps, and also operates as a foundational DeFi primitive on multiple chains. While specialized in stables, it competes for the same DeFi liquidity pool and trader mindshare as AirSwap.
- Balancer: Balancer is a multi-chain AMM DEX enabling customizable liquidity pools and swaps. It competes with AirSwap for the same DeFi trading audience, with overlapping chain coverage (Ethereum, Polygon, Avalanche).
- Kyber Network: Kyber Network is a DEX aggregator and on-chain liquidity protocol operating across multiple chains, comparable to AirSwap in serving the same DeFi trader base with route-optimized swap execution.
- 1inch Network: 1inch is a leading DEX aggregator that sources liquidity from AMMs and RFQ makers. It is highly comparable to AirSwap's routing/execution layer and competes for the same end traders via swap aggregation.
- Bancor: Bancor is an on-chain DEX providing automated token swaps and single-sided liquidity. It competes in the same DeFi DEX category as AirSwap, targeting similar crypto traders and DeFi participants.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
AirSwap social profiles
Digital presenceAirSwap financial estimates
Financial estimateRevenue estimate
Valuation estimate
AirSwap leadership team
Management profileNumber of profiles
Profiles2 records
AirSwap funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AirSwap M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AirSwap
What does AirSwap do?
AirSwap operates a decentralized exchange (DEX) protocol for peer-to-peer token trading using OTC and RFQ (Request-for-Quote) mechanisms across multiple blockchain networks. Pricing logic runs off-chain while settlement occurs on-chain, with trades secured by mutual cryptographic signatures in atomic transactions. The protocol supports trading on Ethereum, BNB Chain, Polygon, Linea, and Avalanche.
Is AirSwap a public or private company?
AirSwap is a private company. It is classified as venture growth investor backed and is currently operating.
When was AirSwap founded?
AirSwap was founded in 2017. It employs 1 to 10 people.
Where is AirSwap based?
AirSwap is headquartered in New York, United Kingdom, in the Europe region.
How does AirSwap make money?
One revenue line is on record: trading Fees / Transaction Fees.
Who are AirSwap's main competitors?
Direct peers on record are Uniswap, 0x Protocol, CowSwap (Gnosis), Hashflow, SushiSwap, Curve Finance, Balancer, Kyber Network, 1inch Network and Bancor.
Does AirSwap have an API?
No public API is recorded for AirSwap.
What industry is AirSwap in?
AirSwap's product category is Decentralized Exchange. Its primary akta.pro industry code is FSAPAEAD, DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading), with a secondary code of FSADABAJ, On-Chain Limit Orders & Algorithmic Execution. Its NAICS code is 523160 and its SIC code is 6200.