Decentralized trading protocol AirSwap announced on Jan. 6 that it will introduce major changes this month, including new smart contracts.

• AirSwap will launch new smart contracts, upgrade the tokenomics model and update the website in Jan.
• The trading protocol will work alongside AMMs like Uniswap; the team states that the protocol captures 40% of volume from aggregators due to no slippage, and cheaper and more efficient transactions
• The protocol’s cheaper and faster transactions come at a time when Ethereum’s gas fees are high -- Layer 2 solution Loopring Protocol has experienced a surge in volume for similar advantages
• The tokenomics will be revamped with the new governance portal, built with the aid of ConsenSys' CoDeFi platform; it is expected to launch later this month, and users will be able to view, vote on and claim rewards for proposals
• Fluidity, Airswap's parent company, are developing the product, which they have designed to enable "frictionless" trade