{"id":42269,"date":"2021-05-11T15:44:53","date_gmt":"2021-05-11T12:44:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42269"},"modified":"2025-08-30T22:28:24","modified_gmt":"2025-08-30T19:28:24","slug":"paraswap-a-decentralised-exchange-raises-3-million-in-funding","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paraswap-a-decentralised-exchange-raises-3-million-in-funding\/","title":{"rendered":"ParaSwap, a decentralised exchange, raises $3 million in funding"},"content":{"rendered":"<p>ParaSwap, a liquidity aggregator across decentralized exchanges, has raised an additional $3 million in seed funding.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">ParaSwap heading to new milestones \ud83d\udd25 <a href=\\\"https:\/\/t.co\/vMy2YKjcb8\\\">https:\/\/t.co\/vMy2YKjcb8<\/a><\/p>\n<p>\u2014 ParaSwap (@paraswap) <a href=\\\"https:\/\/twitter.com\/paraswap\/status\/1391727644220211204?ref_src=twsrc%5Etfw\\\">May 10, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The round was participated by Blockchain Capital, White Star Capital and DeFi Alliance, as well as the founders of Yearn Finance, Curve Finance and Dune Analytics \u2014 Andre Cronje, Mikhail Egorov and Fredrik Haga respectively.<\/p>\n<p>The funds will be used by the ParaSwap team to implement support for alternative blockchains such as Avalanche, Arbitrum, Fantom, and to deploy a range of layer-2 scaling solutions, including ZkSync and Optimism.<\/p>\n<p>Recently ParaSwap <a href=\\\"https:\/\/dappradar.com\/blog\/paraswap-on-polygon-generates-37-million-in-24-hours\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">\u0437\u0430\u043f\u0443\u0441\u0442\u0438\u043b\u0430\u0441\u044c \u043d\u0430 \u0431\u0430\u0437\u0435 Binance Smart Chain<\/a> and added support for the Polygon (formerly Matic) platform, supporting several scaling approaches.<\/p>\n<p>According to DappRadar, over the last 24 hours, ParaSwap\u2019s turnover on Polygon <a href=\\\"https:\/\/dappradar.com\/rankings\/protocol\/polygon\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">\u0434\u043e\u0441\u0442\u0438\u0433 $44,86 \u043c\u043b\u043d<\/a>.<\/p>\n<p>ParaSwap began operating in September 2019. According to <a href=\\\"https:\/\/duneanalytics.com\/mounir\/paraswap\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">Dune Analytics<\/a>, since then the platform&#8217;s cumulative trading volume has reached $1.8 billion. The service is used by approximately 65,000 people.<\/p>\n<p>Last year, the project <a href=\\\"https:\/\/www.theblockcrypto.com\/linked\/78005\/dex-aggregator-paraswap-seed-funding\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">received $2.7 million<\/a> in seed funding from Blockchain Capital, Alameda Research, CoinGecko, Arrington XRP Capital, Lemniscap, Aave founder Stani Kulechov, and other venture investors. To date, ParaSwap&#8217;s total raised funding has reached $5.7 million.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ParaSwap, a liquidity aggregator across decentralized exchanges, has raised an additional $3 million in seed funding.<\/p>\n","protected":false},"author":1,"featured_media":42270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1459,1133],"class_list":["post-42269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-paraswap","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42269"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42269\/revisions"}],"predecessor-version":[{"id":42271,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42269\/revisions\/42271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42270"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}