What is ParaSwap?

Symbol: PSP · Market cap rank: #2489

Short answer

ParaSwap (PSP) is a cryptocurrency currently ranked #2489 by market capitalisation. It is classified as DEX.

Source: isthiscoinascam.com

Overview

PSP serves as the governance token for ParaSwap, which operates as a decentralized exchange aggregator. The platform focuses on enhancing market efficiency.

The primary use case for ParaSwap involves facilitating better trading conditions by aggregating various decentralized exchanges. Details regarding the founding year, founder names, technical architecture, native chain, supply cap, and governance model are not specified.

Headquarters: Paris, France

Scam-risk analysis

ParaSwap has a moderate score — some risk signals were raised but no critical concerns. Is ParaSwap a scam?

See the full report

Live price, holders, audits and the complete scam-risk breakdown.

Open the full ParaSwap report →