> For the complete documentation index, see [llms.txt](https://swapmode.gitbook.io/swapmode/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://swapmode.gitbook.io/swapmode/swapmode-1/token-swap.md).

# Token Swap

As an automated market maker (AMM), it offers efficient trading with competitive fees of 0.3%. 

Integrated within the Mode network, SwapMode ensures non-custodial trading, allowing users to maintain full control over their assets. This feature is particularly beneficial in the dynamic defi landscape. 

SwapMode's innovative approach removes the need for centralized intermediaries, historically associated with high fees, lack of transparency, and slow transactions. Users interact directly with the on-chain protocol, ensuring fast, cost-effective, and transparent trades.