ParaSwap is one of the many decentralized exchange (DEX) aggregators running in the crypto ecosystem. What a DEX aggregator does is that it scans various DEXs for multiple offers of a trade a user wants to make and then chooses the most capital efficient route for the user. DEX aggregators make money by charging a small transaction fee. In the case of Paraswap, it charges no fees but it takes a commission from the DEXs that integrate into the service.

    In this publication, we look at the daily unique users (wallets) patronizing the paraswap platform for better trades.

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    In the past two months, at least 190 unique wallets transact on Paraswap every day. On a good day, the number rises to about 420. Trend-wise, we can see an uptrend in unique transactions since mid-April which signifies some sort of platform growth.