Paraswap is a decentralised exchange (DEX) aggregator for the Ethereum ecosystem. A DEX aggregator simply means that it utilized integrations with decentralized exchanges to find the best swap route at a particular time for patrons. This is important, especially in the web3 landscape where gas prices, slippage and fees are affected by many variables.

Thus, with a protocol like Paraswap, a user can be assured that they're getting the best swap deals at any point in time. Currently, Paraswap has integrations with top-tier decentralized exchanges like Uniswap, Sushiswap and Curve. In this short publication, we shall delve into the monthly volume that has passed through Paraswap. Furthermore, we will double down on the volume by each DEX.

The first metric we shall look at is the overall monthly swap volume. Observe the bar char below. We can see that trades made through Paraswap increased astronomically in the first 3 months reaching an all-time high of 1.17B USD. Volume has since declined significantly and is currently sitting at 124.3M in May.

Next, let us look at the breakdown of the monthly by DEX. In the line chart below, we have Curve, Sushiswap and Uniswap. We can see similar patterns across the DEX with the decline in volume. While Curve volume declined from the onset, Sushiswap and Uniswap volumes were responsible for the all-time high reach.

Will Paraswap volume be able to make a comeback? I don't know. But we do know that Paraswap provides utility and maybe needs to do more marketing? In fact, Paraswap doesn't even charge fees are they are compensated by the DEXs they integrate with.