> For the complete documentation index, see [llms.txt](https://awakenswap.gitbook.io/help-en/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://awakenswap.gitbook.io/help-en/learn-about-awakenswap/key-features.md).

# Key Features

AwakenSwap is a decentralized exchange based on the aelf chain, offering users one-stop DeFi services including trading, swapping, lending, staking, asset management, and more. Start utilizing your crypto assets on AwakenSwap to earn profits.

1\. Decentralized

Trade directly using your wallet app without the need for registration. Unlike centralized exchanges like Binance or Coinbase, AwakenSwap does not hold your funds during trades, requires no KYC, and ensures that all transactions are executed on-chain, giving you full control over your crypto.

2\. Low Fees

Operates on the aelf public chain's sidechain, which offers lower transaction costs compared to Ethereum or Bitcoin. AwakenSwap's trading fees are also significantly lower than other top decentralized exchanges, saving you considerable costs.

3\. High Transaction EfficiencyWith aelf's high TPS, you receive prompt feedback and quickly complete transactions when swapping, adding or removing liquidity, and other operations.