ParaSwap
ParaSwap, rebranded as Velora in 2024, is a Paris-based DeFi protocol that aggregates liquidity across 160+ protocols and 12 blockchains to provide intent-based crosschain token swaps, MEV protection, and gasless trading for retail traders, institutions, and embedded DeFi partners.
- Company typePrivate
- Founded2019
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What ParaSwap does
ParaSwap, founded in 2019 in Paris, France, is the team behind Velora, a decentralized finance (DeFi) trading protocol that aggregates liquidity across more than 160 protocols and 12 blockchains (Ethereum Mainnet, Binance Smart Chain, Avalanche, Polygon, Gnosis, Arbitrum, Optimism, Base, Sonic, Unichain, and others). The protocol addresses fragmented DeFi liquidity by routing user trades through its core Velora Protocol and Delta Protocol modules, the latter leveraging Portikus Infrastructure where settlement agents compete in auctions for best execution. Velora offers crosschain swaps, limit orders, Super Hooks, on-chain RFQ from KYC-validated market makers, MEV risk minimization, gas abstraction, and a yield optimizer for lending protocols, with 30M+ trades executed and $120B+ in total trading volume processed historically.
The company's revenue model is based on transaction fees and spreads on trades routed through the aggregator, though exact rates and current revenue are not publicly disclosed. Go-to-market is multi-modal: a self-serve retail trading app (app.velora.xyz), a public API for dApp and wallet integrations, dedicated enterprise API keys, and an institutional partnership program targeting asset managers, lenders, banks, brokers/bots, market makers, and custodians with customized KYC. Distribution is reinforced through embedded integrations with major DeFi protocols (Aave, Morpho, Pendle, Usual) and wallets (Ledger, Ready/Argent). Marketing is community-led across Discord, Telegram, X, GitHub, and DAO governance forums.
The company has raised approximately $5.7M in disclosed funding across two rounds (a $2.7M round in September 2020 and a $3M round in May 2021), with no subsequent funding rounds publicly disclosed. Investors include Blockchain Capital, White Star Capital, DeFi Alliance, Alameda Research, Arrington XRP Capital, CoinFund, CoinGecko, Genblock Capital, Lemniscap, and TokenSuite Ventures, alongside founders of Yearn Finance, Curve Finance, and Dune Analytics. The protocol was rebranded from ParaSwap to Velora in 2024-2025 to reflect its evolution into an intent-based trading protocol with expanded capabilities.
ParaSwap firmographics
Firmographics- Name
- ParaSwap
- Website
- https://paraswap.io
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ParaSwap, rebranded as Velora in 2024, is a Paris-based DeFi protocol that aggregates liquidity across 160+ protocols and 12 blockchains to provide intent-based crosschain token swaps, MEV protection, and gasless trading for retail traders, institutions, and embedded DeFi partners.
- Ownership category
- akta.pro rank
ParaSwap industry classification
Industry- Product category
- Decentralized Finance (DeFi) Trading Protocol
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Liquidity Provision & Market Making Protocols (AMMs, concentrated liquidity, LP tooling) (FSAPAEAF)
Keywords
Where ParaSwap is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Markets served
ParaSwap business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Trading Fees / Transaction Fees: Protocol generates revenue through transaction fees on trades executed through the platform. As an aggregator, takes a percentage or spread on traded volume across integrated DEXs and liquidity sources.
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
ParaSwap product offering
Product offeringCore offering
ParaSwap (now operating as Velora) is a decentralized finance (DeFi) protocol that aggregates liquidity from 160+ decentralized exchanges and market makers across 12 blockchains to deliver optimized token swaps. Its core offering is an intent-based trading protocol with crosschain swap capability, MEV protection, gasless trades, limit orders, Super Hooks, and yield optimization, accessible to retail traders via a self-serve app and to institutional clients via a dedicated API.
Product overview
Velora (formerly ParaSwap) is a unified platform-plus-modules architecture for decentralized finance trading. The core Velora Protocol serves as the main intent-based trading system, which powers multiple integrated products: Delta Protocol provides aggregation with MEV protection and gasless trades; the Widget offers embeddable trading for dApps and wallets; Velora RFQ enables on-chain quotes from market makers; and the Yield Optimizer helps users optimize lending rates. The platform supports crosschain swaps across 12 active blockchains including Ethereum, Binance Smart Chain, Avalanche, Polygon, Gnosis, Arbitrum, Optimism, Base, Sonic, and Unichain, with 170+ integrations and $120B+ total volume processed.
Differentiator
Problem solved
Functional benefit
Brands
- Delta Protocol: Revolutionizing token swaps with MEV protection and gasless trades. Delta introduces improved execution with minimized MEV risks and gas costs abstraction through Portikus Infrastructure.
- Velora RFQ
- Velora Pools
- Super Hooks
Products and services
- Velora Protocol (formerly ParaSwap) Intent-based decentralized trading protocol aggregating 160+ protocols across 12 blockchains. Delivers crosschain swaps, limit orders, Super Hooks, and real-time execution for retail and institutional traders.
- Delta Protocol Aggregation sub-protocol that revolutionizes token swaps with MEV protection and gasless trades. Settlement agents compete in auction via Portikus Infrastructure to deliver best execution.
- Velora Widget Embeddable widget for dApps and wallets enabling integrated trading functionality, including crosschain swaps and optimized execution.
- Velora RFQ (On-Chain Request for Quotes) On-chain Request for Quotes system that aggregates real-time quotes from KYC-validated and trusted market makers to offer competitive prices to users.
- Velora Yield Optimizer Solution to optimize lending rates across lending protocols on Ethereum, Base, and other supported networks.
Quantifiable outcome
- 30M+ trades executed on protocol
- +2 more outcomes
Companies that use ParaSwap
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
ParaSwap technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature9 records
ParaSwap partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- MorphocoreDeFi lending protocol integration. Morpho leverages Velora's protocol for trading and liquidity access within its decentralized lending infrastructure for both retail and institutional users.
- PendlecoreYield tokenization protocol integration. Pendle uses Velora for trading capabilities, enabling users to trade yield-bearing assets and build advanced yield strategies.
- UsualcoreReal-world asset stablecoin protocol. Usual integrates with Velora for USD0 stablecoin trading and yield product access.
- LedgercoreHardware wallet provider. Ledger integrated Velora into its Velora platform for secure cross-chain trading, combining hardware wallet security with professional-level trade execution.
- AavecoreOpen-source lending protocol. Aave integrates with Velora for trading functionality within its lending and borrowing platform.
- Ready (formerly Argent)coreDeFi wallet. Ready integrates Velora for Layer 2 trading with low fees and secure access to DeFi functionality.
- Portikus InfrastructurecoreInfrastructure provider powering Delta Protocol's settlement agent network. Provides the underlying infrastructure for auction-based best execution.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
ParaSwap competitors and assessment
Company assessmentBroad incumbents
- SushiSwap: SushiSwap operates a multi-chain DEX with its own aggregation routing, comparable to Velora as a cross-chain DeFi trading venue, though with deeper AMM-native positioning.
- Uniswap: Uniswap is the foundational AMM DEX that Velora aggregates into. As a major liquidity source and increasingly integrated swap experience, it is both a critical dependency and a broad incumbent benchmark.
- Jupiter: Jupiter is the dominant Solana aggregator and increasingly cross-chain, representing the comparable intent- and aggregator-centric model that Velora pursues on EVM ecosystems.
Direct peers
- CowSwap (CoW Protocol): CoW Protocol operates an intent-based, MEV-protected batch auction trading system, making it the closest architectural competitor to Velora's Delta Protocol in next-generation DeFi execution.
- 1inch Network: 1inch is a leading DEX aggregator that routes trades across multiple liquidity sources for optimal execution, directly competing with Velora's core aggregator offering across EVM chains.
- Matcha: Matcha is 0x's consumer-facing DEX aggregator, competing with Velora's self-serve app.velora.xyz retail trading interface for DeFi users seeking optimized execution.
- KyberSwap (Kyber Network): KyberSwap offers multi-chain DEX aggregation and swapping with cross-chain routing, overlapping significantly with Velora's crosschain swap functionality and liquidity routing.
- OpenOcean: OpenOcean is a cross-chain DEX aggregator operating across EVM and non-EVM chains, directly comparable to Velora's multi-chain, cross-chain aggregation positioning.
- 0x Protocol: 0x is a foundational DEX aggregation infrastructure layer that powers many wallets and dApps, directly comparable to Velora's public API and embedded-integration distribution model.
Emerging players
- Li.Fi: Li.Fi is a cross-chain bridge and DEX aggregation meta-protocol, overlapping with Velora's crosschain swap and chain-abstracted execution capabilities but with a stronger bridge-and-routing focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
ParaSwap social profiles
Digital presenceParaSwap compliance and trust
Trust signalCompliance1 record
ParaSwap financial estimates
Financial estimateRevenue estimate
Valuation estimate
ParaSwap leadership team
Management profileNumber of profiles
Profiles1 record
ParaSwap funding detail
Funding detailFunding overview
Funding rounds3 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ParaSwap M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ParaSwap
What does ParaSwap do?
ParaSwap (now operating as Velora) is a decentralized finance (DeFi) protocol that aggregates liquidity from 160+ decentralized exchanges and market makers across 12 blockchains to deliver optimized token swaps. Its core offering is an intent-based trading protocol with crosschain swap capability, MEV protection, gasless trades, limit orders, Super Hooks, and yield optimization, accessible to retail traders via a self-serve app and to institutional clients via a dedicated API.
Is ParaSwap a public or private company?
ParaSwap is a private company. It is classified as venture growth investor backed and is currently operating.
When was ParaSwap founded?
ParaSwap was founded in 2019. It employs 11 to 50 people.
Where is ParaSwap based?
ParaSwap is headquartered in Paris, France, in the Europe region.
How does ParaSwap make money?
One revenue line is on record: trading Fees / Transaction Fees.
Who are ParaSwap's main competitors?
Broad incumbents on record are SushiSwap, Uniswap and Jupiter. Direct peers are CowSwap (CoW Protocol), 1inch Network, Matcha, KyberSwap (Kyber Network), OpenOcean and 0x Protocol. Li.Fi is listed as an emerging player.
Does ParaSwap have an API?
Yes. Public library available for smooth integration into dApps and Wallets. Corporate customers have access to a dedicated API key for superior reliability. The Velora API enables institutional partners to offer optimized DeFi execution services to their users and clients. Developer documentation is at www.velora.xyz/docs.
What industry is ParaSwap in?
ParaSwap's product category is Decentralized Finance (DeFi) Trading Protocol. Its primary akta.pro industry code is FSAPAEAF, Liquidity Provision & Market Making Protocols (AMMs, concentrated liquidity, LP tooling). Its NAICS code is 52321 and its SIC code is 6200.