TLDR
Token Swappers are replacing traditional crypto-exchanges with smart contracts. MoonDeFi, Uniswap, Curve Finance, and 1inch.exchange are among the new token swappers. These new DeFi projects open up more opportunities for users as opposed to only allowing them to easily trade tokens in a decentralized way. All tokens are being traded entirely on-chain using smart contracts. There is no order book and the user experience of this one is highly improved compared to traditional exchanges. The idea behind them was that people would prefer decentralization and liquidity will come naturally.via the TL;DR App
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