ParaSwap Logo

ParaSwap PSP

ParaSwap header image

1. Summary

Ranks

Liquidity
84
Developer
93
Social
93
Momentum (beta)
18
Stack Rankā„¢
60
Price
52W High price $0.06
52W High date 9th Mar 2024 (4 months ago)
All Time High (ATH) Date 15th Nov 2021 (2 years ago)
ATH Price $2.10
% From ATH -98.91%
All Time Low (ATL) Date 29th Aug 2022 (1 year ago)
ATL Price $0.02
% From ATL 27.12%
Supply & Trading Volume
Trading Volume (24h) $135,558.00
Total Supply 1.80B
Max Supply 2.00B
Circulating Supply 1.26B
Description

What is ParaSwap?

What is ParaSwap?

ParaSwap is a decentralized exchange (DEX) aggregator that aims to provide users with the best possible price for swapping cryptocurrency assets by aggregating price and data feeds from multiple DeFi protocols and marketplaces. It operates on the Ethereum blockchain and focuses primarily on ERC-20 tokens. The protocol utilizes its native token, PSP, to facilitate various functions.

Key Features

  • Multi-Chain Support: ParaSwap supports multiple blockchains, including Ethereum, Binance Smart Chain, Avalanche, Polygon, Fantom, Arbitrum, and Optimism.
  • ParaSwapPool: This is an integrated liquidity pool financed by private investors, which provides competitive rates for users.
  • MultiPath: A pathing mechanism that breaks transactions across various exchanges, tracking multiple paths of related token sales and intermediary tokens.
  • Revenue Sharing: Decentralized apps integrated with ParaSwap take a minor commission via a Revenue Sharing contract.
  • GST2 Gas Tokens: For reducing gas fees during periods of high network congestion.

PSP Token

The PSP token is used to facilitate ParaSwap's decentralization. It enables users to stake in liquidity pools and participate in the newly formed decentralized autonomous organization (DAO) governance. The token incentivizes stakers who provide value or services to the protocol.

Trading on ParaSwap

  1. Users select the number of tokens they want to swap.
  2. ParaSwap identifies the best trading price across all decentralized exchanges.
  3. The user is provided with explicit information about every possible trading route.
  4. They select the most appropriate path and initiate a transaction.
  5. After the transaction, the swap is performed, and the user receives the corresponding tokens.
2. Price

PSP

2.1. Market Performance

How does ParaSwap's (PSP) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-29.8%

PSP

6.6%

Similar Market Cap

60 Day Return

-39.3%

PSP

-6.0%

Similar Market Cap

1 Year Return

-27.6%

PSP

3,766.2%

Similar Market Cap

3. Developer Activity

We're monitoring 29 ParaSwap GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All ParaSwap Repos)

Commits vs. The Market

  • Past 4 weeks: 155 commits vs. an average of 1
  • Past 12 weeks: 303 commits vs. an average of 8
  • Past year: 1,523 commits vs. an average of 118

Most Active Repos

Past week 0
Past 12 weeks 103
Past year 451
Past week 0
Past 12 weeks 0
Past year 312
Past week 0
Past 12 weeks 11
Past year 229
Past week 0
Past 12 weeks 46
Past year 194
Past week 13
Past 12 weeks 21
Past year 21
Past week 0
Past 12 weeks 9
Past year 16

Top Developers 2024

In total, 423 developers have contributed to ParaSwap over the past year. Who are the most active ParaSwap developers, by commits, over the past year?

Related Projects

Developers working on ParaSwap also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users 7,888
Twitter followers 108,487
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://paraswap.io/
Explorer https://etherscan.io/token/0xcafe001067cdef266afb7...
Twitter @paraswap
Forum https://www.linkedin.com/company/paraswap/

What is the correct contract address for ParaSwap?

Ethereum 0xcafe001067cdef266afb7eb5a286dcfd277f3de5
Polygon-pos 0x42d61d766b85431666b39b89c43011f24451bff6
Binance-smart-chain 0xcafe001067cdef266afb7eb5a286dcfd277f3de5
Optimistic-ethereum 0xd3594e879b358f430e20f82bea61e83562d49d48

Has ParaSwap been audited for security?

No security audits found for this project.

Are you the owner of ParaSwap? Edit it here

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