Paraswap
Decentralized exchange aggregator
- Mounir Benchemled, CEO
- Paris, France
- March 2021
- Current
- Seed
Decentralized exchange aggregator
While cryptoassets continue to gain adoption globally, leading to rising trading volumes and a growing need for sophisticated trading venues for professional investors, decentralized exchanges and decentralized exchange aggregators are rapidly gaining market share versus their centralized counterparts.
Inspired by the success of aggregators in traditional e-commerce and financial markets, Mounir built Paraswap, a middleware layer that introduces connectivity between various decentralized finance protocols, applications and exchanges. Paraswap’s flagship product is a decentralized exchange (DEX) aggregator that provides the best execution speed and prices to users by routing orders over multiple decentralized exchanges on the Ethereum blockchain, which it offers through its own platform (B2C) and through partner integrations leveraging its API, SDK and smart contract (B2B2C).
The round was led by Blockchain Capital, White Star Capital, and DeFi Alliance, with participation from Andre Cronje, founder of Yearn Finance; Michael Egorov, founder of Curve Finance; and Fredrik Haga, founder of Dune Analytics. With fresh capital at hand, Ethereum-based ParaSwap wants to support other blockchains, as well as Ethereum Layer-2 networks, founder Mounir Benchemled told The Block.