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 $54.53M was observed in September 16, 2021 and the minimum swapped amount of $1.64K was observed in April 15, 2021. On July 14, 2021 and June 12, 2021 , the Swapped Amount was lower than normal, and on September 16, 2021 and May 8, 2022, it was higher than normal. An decreasing trend can be seen in Swapped Amount. At first, there is a large amount of Swapped amounts, but later it seems to be declining significantly.
Total Swapped Amount between April 2021 to May 2022 was $4.49B. 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 . From November 2021 onwards, we’ll be able to see the declined swapped amount on a monthly basis. The sudden increase of swapped amount data can be observed in April 2022.
In the below graph, we can see a daily breakdown of paraswap volume by chain. Blockchain Polygon is the highest contributor (51.49%) to the total Swapped Amount out of the 2 Blockchain. Swapped Amount shows a decreasing trend.
As you can see from the graph below, Blockchain Ethereum Paraswap V5 contributes the most (59.44%) to the total Swapped Amount out of the 2 Blockchains.There was a maximum Swapped Amount of $53.56M observed on September 16, 2021, and a minimum Swapped Amount of $2.62K was observed on June 9, 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 (50.68%).On May 20, 2021, the Swapped Amount was at a maximum of $33.01M, and the Swapped Amount was at a minimum of $0.1 was observed in May 3, 2022. 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 (50.68%) to the total Swapped Amount out of the 2 Blockchains.
In the above graph we can see there was a maximum Swapped Amount of $783.72K observed in October 2021 and a minimum Swapped Amount of $7.13K observed in April 2021. From April 2021 to April 2022, the Swapped Amount increased by more than 27 times.A decreasing trend can be seen in Swapped Amount. Over the period of April 2021 to May 2022, $3.82M was found swapped transactions .
Among the 2 Blockchains, Blockchain Polygon contributes the most (95.37%) to the total transactions.Transactions reached a peak of 783.72K in October 2021, while Transactions reached a low of 7.13K in April 2021.During the month of August 2021, Transactions significantly increased. Polygon was the major contributor.