Details about ParaSwap cryptocurrency
€38,492,990 ( 3.20656%)
€257,396
1,800,000,000
1,255,884,560
45.458
Unknown
https://paraswap.io/
@paraswap
31047x
€949.258
ParaSwap price charts
PSP exchanges
ParaSwap, the crypto
ParaSwap (PSP) is a decentralized exchange (DEX) aggregator that allows users to swap tokens across multiple DEXs and liquidity sources in a single transaction. It was launched on the Ethereum network in 2020 and aims to provide the best prices and lowest slippage for token swaps.
The point
The main point of ParaSwap (PSP) is to provide a convenient and efficient way for users to exchange tokens across different DEXs and liquidity sources in real-time. It aims to offer the best prices for token swaps by routing trades through different DEXs and liquidity sources based on current market conditions.
The problem
ParaSwap (PSP) tries to solve the problem of limited liquidity and high slippage on individual DEXs by aggregating liquidity from various sources and routing trades through the best possible path for the user. By doing so, it aims to provide users with the best possible prices and lowest slippage for token swaps, and increase overall market efficiency on decentralized exchanges.
Compare PSP and BTC performance
| Timeframe | PSP | BTC |
|---|---|---|
| 1h change | 0.362978 % | 0.0128614 % |
| 24h change | 2.78 % | 3.28956 % |
| 7 day change | -14.77 % | -8.3567 % |
| 14 day change | -12.53 % | -1.52273 % |
| 30 day change | -18.2 % | 4.84492 % |
| 200 day change | 46.8 % | 126.723 % |
| Year change | -24.62 % | 128.304 % |