ParaSwap is a Decentralized Exchange Aggregator that pools liquidity from numerous decentralized exchanges and lending protocols under one platform; therefore, users can benefit from optimal trading prices and a streamlined DeFi experience. In 2025, the company was rebranded to Velora, which signifies its development from being simply a DEX aggregator to being a total intent-based trading protocol. The platform provides trading of cryptocurrencies for traders, wallets, dApps and institutional users by providing them with a simplified method of exchanging assets with minimized slippage and gas costs.
Mounir Benchemled developed ParaSwap as a DEX aggregator to resolve the liquidity fragmentation issues that existed within the DeFi ecosystem and enable users to have optimized token swapping rates.
ParaSwap was released as a decentralized exchange aggregator on Ethereum that pooled liquidity from multiple DEXs into a single interface.
ParaSwap completed a $2.7M seed funding round from 32 different investors including Blockchain Capital, Alameda Research, Arrington XRP Capital, Coinfund, CoinGecko, and Stani Kulechov.
ParaSwap expanded the support of the platform to include Polygon, Binance Smart Chain, Fantom, and other blockchains to expand access to the platform and offer users more trading options.
ParaSwap added OTC (over-the-counter) services and limit orders to offer both casual and advanced traders a full range of tools.
ParaSwap partnered with Cobo to integrate ParaSwap into their digital asset management system to further streamline users' ability to trade and claim rewards in real time.
ParaSwap was rebranded to Velora and shifted its focus from a traditional DEX aggregator to an intent-based trading protocol that includes advanced features such as MEV (Maximal Extractable Value) risk mitigation, gas fee abstraction, and cross-chain interoperability.
Distributed across multiple blockchain networks (Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Fantom, Avalanche) with decentralized architecture
Intent-based trading protocol utilizing decentralized agent-based architecture to optimize trade execution and routing decisions
Based on official documentation, product descriptions, and technical details from Gate.com and Alchemy
| Service | Cost | Details | Source |
|---|---|---|---|
| Token Swaps | $0 | Fee-free for traders; 50% of positive slippage charged only when users benefit from price improvement | — |
| Gas Refunds | Up to 95% refund | Available to PSP token stakers based on staked amount | — |
| Relayer Fees | Variable | Relayers earn fees in any ERC-based asset including stablecoins | — |
| Feature | ParaSwap | 1inch | Matcha | CowSwap |
|---|---|---|---|---|
| Liquidity Aggregation | Yes (160+ sources) | Yes (200+ DEXs) | Yes (Multiple DEXs) | Yes (Intent-based) |
| Multi-Chain Support | Yes (12+ chains) | Yes (10+ chains) | Yes (Ethereum focus) | Yes (Ethereum primary) |
| Non-Custodial | Yes | Yes | Yes | Yes |
| Gas Refunds | Yes (PSP staking) | No | No | Partial (MEV) |
| Limit Orders | Yes | Yes | Yes | Yes |
| API for Developers | Yes | Yes | Yes | Yes |
| Positive Slippage Fee | Yes (50%) | No | No | No |
| Supported Tokens | Native/ERC20/BEP20 | ERC20/Wrapped | ERC20 | ERC20 |
| Free Tier | Yes (All swaps) | Yes | Yes | Yes |
Aggregation vs DEX. ParaSwap aggregates liquidity across multiple chains like 1inch does; however, ParaSwap offers a unique PSP staking gas refund (up to 95%); and a positive slippage fee that benefits relayers, where 1inch focuses on optimizing prices without any native token incentives.
Es mejor utilizar ParaSwap para los titulares de PSP que buscan ahorro de gas y 1inch para descubrir el precio puro.
Single DEX vs Aggregator. Uniswap has deep liquidity available on the Ethereum chain, however, there are higher slippages on less common pairings; whereas ParaSwap routes through multiple DEXs including Uniswap; and utilizes a lower effective cost via gas refunds; across 12+ chains
ParaSwap es ideal para optimizar la interacción entre DEXs, mientras que Uniswap es ideal para la profundidad de liquidez nata en Ethereum.
Both offer DEX aggregation; however, ParaSwap supports more chains than Matcha (12+ vs Matcha’s single Ethereum focused DEX), and ParaSwap also offers staking rewards. Matcha places emphasis on RFQ (Request-For-Quote) for large trades; whereas ParaSwap utilizes smart routing. Text below has been reformatted to sound more like a human's speech. All the answers have been removed from the reformatted text. Only the reformat text is provided as an answer.
ParaSwap es ideal para comerciantes multicanal, mientras que Matcha es ideal para operaciones de tipo OTC institucionales.
Protocols de intención. CowSwap utiliza subastas en lote para proteger el MEV mientras que ParaSwap utiliza contratos inteligentes auditados con preferencia por la estabilidad v5. Además, ParaSwap ofrece soporte más amplio de cadena.
CowSwap es ideal para protección contra el MEV, mientras que ParaSwap es ideal para la versatilidad de la cadena.
ParaSwap is an aggregator protocol which will scan multiple decentralized exchanges to determine the best route for swapping one token for another. Users will simply connect their wallet, enter the two tokens they want to swap, and ParaSwap will execute the optimal multi-path trade through audited smart contracts. As such, users retain full control over their assets at all times and the exchange is entirely non-custodial.
ParaSwap supports nine (and growing) EVM blockchains. These include but are not limited to: Ethereum, Polygon, Binance Smart Chain, Arbitrum, Optimism, Avalanche, Fantom, and Base. This allows users to access numerous different liquidity pools and take advantage of lower fees that exist on L2 (Layer 2) networks.
Uniswap is a single decentralized exchange that has its own liquidity pool, whereas ParaSwap aggregates liquidity from numerous DEXes (including but not limited to Uniswap), providing users with better rates and lower slippage. Additionally, ParaSwap utilizes advanced MultiPath routing that enables it to break down trades across multiple DEXes for the user’s optimal experience.
Yes, ParaSwap is completely non-custodial. Users never transfer their funds to ParaSwap. All transactions are executed by audited smart contracts and all activity is verified on-chain. Users always remain in control of their wallets using their private key(s).
ParaSwap currently offers free swaps for users; however, the relayer may earn optional fees in the form of ERC-20 tokens or stablecoins. Users only incur the standard blockchain gas fees associated with their transaction(s).
Yes, ParaSwap offers a developer API allowing them to utilize the aggregated liquidity within their own application. There is comprehensive documentation and SDKs available for seamlessly integrating swap functionality into the user’s application.
PSP is both the governance and utility token for ParaSwap. Holders of PSP tokens can stake them for rewards, vote on proposals through governance, and receive premium features, including increased liquidity provisioning opportunities.
Native mobile apps do exist, but can be accessed from most mobile browsers that connect a user's wallet, and has partnered with other wallets including MetaMask and WalletConnect.
ParaSwap is a developed multi-chain decentralized exchange aggregator that provides the fastest swap execution possible in DeFi using an advanced multi-path liquidity router on over 9 EVM chains. The company uses audited, non-custodial smart contracts and offers developers a wide range of APIs that allow them to integrate its services into their dApps. However, users need to know that there are gas charges associated with transactions on blockchains, and that smart contracts carry inherent risks.
A well-established piece of DeFi infrastructure for the sophisticated multi-chain trader/developer who requires the most optimized liquidity aggregation possible.
A large-scale multi-chain DEX aggregator working across 9+ EVM networks that uses audited v5 smart contracts to focus on the highest level of security while providing the best possible routes for users. ParaSwap is a strong point in terms of non-custodial swaps, MultiPath execution, and a developer API to enable dApps to easily integrate ParaSwap's services. ParaSwap has no substantial infrastructure for customer support, therefore customers will need to rely on the community and documentation provided by the company.
Good - comprehensive technical details from protocol documentation and DeFi analysis sites. Limited primary source access to official support pages; no G2/Capterra ratings available for decentralized protocol.
ParaSwap uses a variety of blockchains like Ethereum, Polygon, BSC, Arbitrum, Optimism, Avalanche, Fantom, Base and many more to provide users with access to Layer 2 scaling solutions at a fraction of the cost of the Ethereum mainnet.
Relies on battle-tested v5 contracts instead of newer v6 contracts because of their proven reliability. Has had multiple audits performed on its core swap execution mechanisms to ensure that it is safe and secure for high-value transactions.
Users can participate in protocol governance, staking rewards and liquidity incentives through the use of tokens. The token enables community driven decision-making related to the direction of the project, while also aligning incentives between users and relayers.
Active GitHub repositories with SDKs and API documentation are available for developers who wish to integrate the platform's features into their own applications. As well, the platform has been widely adopted by other wallets and dApps, and is now being used as the preferred liquidity layer for cross-DEX swaps.
Permissionless relayers have the opportunity to earn fees on each order they execute which may be paid in any ERC-20 token. This creates an environment where decentralized execution can occur without fear of censorship.
Provides real-time comparisons of rates among various DEXs so that users can identify the most favorable rate for their swaps.
For very large orders it will divide them into smaller pieces and execute each piece through different DEXs and/or liquidity providers to minimize the negative effects of slippage.
Aggregates multiple DeFi protocol interactions into one transaction to save users gas fees.
Offers advanced order types such as price-specific sell and buyer bid options.
Executes swaps and transfers funds directly to the recipients' wallet addresses.
Provides a single interface that aggregates quotes from multiple DEXs and does not require users to switch platforms.
Displays live price feeds across all of the integrated liquidity sources in addition to providing transparent routing information.
Clearly displays users how much gas was paid for each transaction, what the price impact would be, and provides detailed information about the transactions before confirmation.
Seamlessly connects to popular non-custodial wallets including MetaMask and WalletConnect.
Returns up to 95% of gas fees back to users who have staked PSP tokens to the extent that the user's PSP token stake is.
Allows users to connect using an API to integrate ParaSwap liquidity into DeFi applications
| Blockchain Type | Supported Examples | Support Level | User Volume | Key Characteristics |
|---|---|---|---|---|
| Ethereum Mainnet | Ethereum | Full native support | Primary trading volume source | Deepest DeFi liquidity; highest gas costs |
| BNB Smart Chain | BSC | Full native support | High volume due to low fees | BEP-20 tokens; fast execution |
| Layer 2 Solutions | Polygon, Arbitrum, Optimism, Base, Polygon zkEVM | Full native support | Growing rapidly | Ethereum scaling solutions; low fees |
| Alternative L1s | Avalanche, Fantom | Full native support | Significant adoption | High-throughput EVM chains |
