ParaSwap review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
For traders who want wide DeFi coverage, ParaSwap, now known as Velora, connects to more than 160 protocols for crosschain swaps and limit orders. The trade off is full self directed trading through a decentralised protocol with gasless execution and MEV protection rather than a centrally managed account service.
Key facts
- Best for
- Active DeFi traders seeking crosschain swaps
- Taker fee
- 0%↗
- Maker fee
- 0%↗
- Proof of reserves
- No↗
- Derivatives
- No↗
- Exchange type
- Dex↗
- Legal entity
- Laita Labs Ltd↗
- Headquarters
- Virgin Islands, British↗
- Support channels
- Chat, Email↗
- Features
- Self-custody
- Official website
- paraswap.io
Facts checked September 26, 2026, 2 sources
Apps and profiles
- Elsewhere
- Xt.megithub.com
Pros and cons
Pros
- Connects to more than 160 protocols across L1 and L2 chains
- Offers one click crosschain swaps with gasless intent based execution
- Includes limit orders and Super Hooks for flexible trading
- Provides public library plus dedicated API key for corporate integration
Cons
- Decentralised protocol model lacks centrally managed account support
- Coverage depends on listed networks, so unsupported chains stay outside reach
Who it suits
- Active traders using multiple blockchains
- Developers integrating swap functions into wallets
- Institutions seeking aggregated liquidity access
Who should look elsewhere
- Beginners wanting simple centrally managed accounts
- Traders seeking derivative contracts
Safety and regulation
ParaSwap, operating as Velora, presents itself as a decentralised trading protocol secured through external and independent smart contract audits. Trades use intent based execution where settlement agents handle the swap process and reduce exposure to MEV activity. Its on chain request for quotes draws on KYC validated and trusted market makers alongside open liquidity across supported chains. The model keeps trading open and user directed, so interaction happens directly with the protocol.
How ParaSwap compares
Where ParaSwap is available
- Available
- Everywhere except Belarus, China, Cuba, Iran, North Korea, Myanmar, Russia, Syria
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does ParaSwap do?+
ParaSwap now operates under the name Velora as an intent based trading protocol. It supports crosschain swaps, limit orders and Super Hooks through agent based execution. The protocol aims to connect fragmented liquidity for individuals and institutional traders.
How does gasless trading work on Velora?+
Velora uses Delta execution supported by Portikus infrastructure and settlement agents. Users submit the intended trade and agents complete settlement on their behalf. The design abstracts gas handling and reduces exposure to MEV activity.
Who is Velora built for?+
Velora serves individuals and institutional traders who want decentralised swap execution. Wallets and dApps can integrate through a public library for protocol access. Corporate customers can use a dedicated API key for improved reliability.
Which company operates ParaSwap?+
ParaSwap is operated by Laita Labs Ltd. (Source, checked September 26, 2026)
Where is ParaSwap based?+
ParaSwap is based in Virgin Islands, British. (Source, checked September 26, 2026)
How can I contact ParaSwap support?+
ParaSwap offers support through Chat, Email. (Source, checked September 26, 2026)
Sources
- velora.xyz/docs/overview/why-velora checked September 26, 2026
Backs: Derivatives
“One integration gives you: Delta intents, Market routing: Get the best available price across major DEXs and AMMs, OTC: Enable peer-to-peer token trades”
- velora.xyz/terms/terms-of-use checked September 26, 2026
Backs: Exchange type, Features, Headquarters, Legal entity, Maker fee, Proof of reserves, Support channels, Taker fee
“an online application that enables You to benefit from a Decentralized Exchange's aggregator platform, offering You the best prices on the market regarding token swaps”
Compiled from 2 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Coins listed, Regulators, Fiat deposit methods.