DEX Aggregator ParaSwap Deploys on Avalanche

It’s already on Ethereum, Polygon and Binance Smart Chain. Now ParaSwap is expanding to Avalanche – with incentivized products in the works.

AccessTimeIconSep 10, 2021 at 9:30 a.m. UTC
Updated May 11, 2023 at 6:16 p.m. UTC

ParaSwap, a platform that aggregates liquidity across various decentralized exchanges (DEXs) on a given blockchain, is launching on Avalanche.

ParaSwap said Thursday it will ease the execution for trades from 13 of Avalanche’s most popular DEXs, including Sushi, Trader Joe and Pangolin, with plans to integrate Curve and Kyber in the future.

The integration comes as various base layers look to attract leading projects to their networks. ParaSwap founder Mounir Benchemled told CoinDesk via Telegram that users “will benefit from the $180 million Avalanche Rush incentive program through a new upcoming related product.”

In addition to DEXs, ParaSwap has planned integrations with Avalanche-based lending protocols to allow for interest-rate swaps. Additionally, Benchemled said the project is also working on cross-chain interest swaps in collaboration with multiple Avalanche-based projects.

Projects like deBridge have implemented ParaSwap’s API to facilitate cross-chain liquidity aggregation, he added.

According to CoinMarketCap, the ParaSwap aggregator on Ethereum has processed a 24-hour volume of $14.5 million, and DeBank shows a 24-hour volume of $19.5 million on Polygon.

Benchemled says the platform is targeting an average 24-hour volume of $20 million to $30 million on Avalanche shortly after launch due to “the high quality of service the network is delivering.”


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Andrew Thurman

Andrew Thurman was a tech reporter at CoinDesk with a focus on DeFi.

Read more about