Gasless Swaps

Definition ∞ Gasless swaps are cryptocurrency exchanges that allow users to trade digital assets without incurring transaction fees, commonly known as “gas fees,” on the underlying blockchain network. These swaps are often enabled by meta-transactions or specific protocol designs that abstract away or subsidize the network costs. They aim to improve user experience and reduce friction in decentralized finance. This feature can significantly lower the cost of frequent trading.
Context ∞ Gasless swaps are a developing area in decentralized finance, attracting attention for their potential to enhance accessibility and reduce transaction costs. News reports frequently highlight platforms and protocols that offer this functionality as a competitive advantage. The sustainability models for providing gasless transactions are a subject of ongoing discussion. This innovation seeks to address a common barrier to wider crypto adoption.