Changes of Monthly Swap Volume On Paraswap

In this article, we examine the total monthly swap volume of ParaSwap over the past year. How has the volume changed over time?

A decentralized exchange (DEX) aggregator, ParaSwap brands itself as a solution for the decentralized finance infrastructure (DeFi). Using a combination of features, ParaSwap aims to streamline the user experience with a new generation of DeFi liquidity platforms.In addition to routing through the ParaSwapPool, ParaSwap aggregates prices and data feeds from several decentralized exchanges to discover and provide users with the best price.Additionally, ParaSwap acts as a middle layer between DeFi liquidity protocols and end-users, making it easier for Ethereum-based tokens (ERC-20) to be traded with the fastest and most fair way possible.

Paraswap is unique because it is able to handle large transfers of Ethereum, whose effectiveness is optimal when they exceed 15 ETH. Paraswap also facilitates transfers which interact with DeFi protocols. Additionally, Paraswap allows users to aggregate their DeFi exchanges in one single transaction, thereby optimizing gas costs.

The maximum swapped amount of 57.65M was observed on May 19, 2021 and the minimum swapped amount of $9.99 was observed on April 7, 2021.On October 30, 2021 and May 22, 2021, the Swapped Amount was lower than normal, and on September 16, 2021 and May 19, 2021, it was higher than normal. An increasing trend can be seen in Swapped Amount

Total Swapped Amount between April 2021 to December 2021 was $4.05B. If we look at the monthly swap volume of Paraswap Swapped Amounts were $818.69M at their maximum in October 2021 and $73.08M at their minimum in April 2021. Even though the swapped amount increased from August 2021 to October 2021, there wasn’t much of a change in the average swapped amount. During April 2021 and November 2021, the total swapped amount grew by 5.93 times .

In the below graph, we can see a daily breakdown of paraswap volume by chain. Eventhough a lot of swaps are taking place with Polygon. Blockchain Ethereum is the highest contributor (51.89%) to the total Swapped Amount out of the 2 Blockchain.

As you can see from the graph below, Blockchain Ethereum Paraswap V4 contributes the most (53.77%) to the total Swapped Amount out of the 2 Blockchains.There was a maximum Swapped Amount of $54.37M on September 16, 2021, and a minimum Swapped Amount of $9.99 on April 7, 2021.Here Swapped Amount shows an increasing trend.

In the below graph , Among the 2 Blockchains, Blockchain Polygon Paraswap V4 contributes the most to the total Swapped Amount (60.26%).On May 20, 2021, the Swapped Amount was at a maximum of $33.01M, and the Swapped Amount was at a minimum of $1.64K on April 15, 2021. Here we can see In October 13, 2021, and September 14, 2021, the total amount of swapped money is higher than normal as well as lower than normal in June 18, 2021 and October 3, 2021.As you can see from the graph below, Blockchain Ethereum Paraswap V4 contributes the most (53.77%) to the total Swapped Amount out of the 2 Blockchains.

In the above graph we can see there was a maximum Swapped Amount of $818.69M observed in October 2021 and a minimum Swapped Amount of $73.08M observed in April 2021. From April 2021 to November 2021, the Swapped Amount increased by 5.93 times.An increasing trend can be seen in Swapped Amount. Over the period of April 2021 to December 2021, $4.05B was swapped.

Among the 2 Blockchains, Blockchain Polygon contributes the most (94.16%) to the total transactions.Transactions reached a peak of 784.43K in October 2021, while Transactions reached a low of 11.02K in April 2021.During the month of August 2021, Transactions significantly increased. Polygon was the major contributor.

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