ParaSwap Network

ParaSwap Network provides a decentralized finance (DeFi) platform that facilitates intent-based trading solutions, optimizing transactions and liquidity across multiple blockchain networks. Founded in 2019 by Mounir Benchemled, ParaSwap Network operates from Paris, France. It focuses on trading solutions within the DeFi space. The company has successfully completed 2 funding deals, with its latest funding round, Seed, raising USD 3.

000 mn on May 10, 2021. The round was co-led by DeFi Alliance, White Star Capital, and Blockchain Capital, the latter being a returning investor. ParaSwap Network offers advanced trading functionalities such as crosschain swaps, limit orders, and on-chain Request for Quotes (RFQ). These services enhance trading operations for individual and institutional users, providing seamless access to liquidity across major blockchains like Ethereum Mainnet, Binance Smart Chain, and Polygon.

ParaSwap integrates with over 160 DeFi protocols, catering to developers, financial institutions, and various market participants, promoting efficient trading practices without gas fees or MEV risks. The revenue model of ParaSwap Network is primarily based on service fees from its API, allowing institutional clients to optimize execution services for their end-users. Partnerships enable clients to integrate ParaSwap’s capabilities, facilitating smoother trading operations. The company's framework supports exchanges and lending activities, reducing slippage and improving execution costs, while specific pricing plans remain proprietary.

Following the Seed funding round in May 2021, which raised USD 3. 000 mn, ParaSwap Network plans to utilize these funds to support the growth of other blockchain companies. The company aims to develop new trading products and expand its services into new geographic regions, although specific markets and release dates have not been disclosed.