ParaSwap
PSP
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.
AI Analysis
Comprehensive evaluation of the token
ParaSwap (PSP) is in a state of fundamental transition, rebranding to Velora and migrating its token to VLR. This pivot to an intent-based architecture is strategically sound, led by a strong, adaptable team. However, the PSP token is being deprecated, with its value now entirely dependent on the successful migration to VLR. The project faces significant execution risks, community confusion during the transition, and must overcome a recent major security vulnerability. While the team's response to the security incident was commendable, it underscores the inherent risks. Investment in PSP is a direct, high-risk bet on the future success of the entirely new Velora platform.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About ParaSwap (PSP)
ParaSwap (PSP)
ParaSwap is a decentralized exchange aggregator protocol that sources liquidity from multiple DEXs to deliver optimal swap rates and lower transaction costs on the Ethereum network.
Key Features
- DEX Aggregation: Routes trades across leading decentralized exchanges for the best price execution.
- Gas Optimization: Reduces gas costs with efficient smart contract batching.
- Cross-Chain Support: Bridges liquidity between supported EVM-compatible networks.
PSP Token Utility
- Governance: Enables holders to participate in protocol decisions and upgrades.
- Fee Discounts: Provides reduced fees on swaps through PSP staking.
Technical Details
- Symbol: PSP
- Standard: ERC-20
- Blockchain: Ethereum
Explore the ParaSwap ecosystem and leverage PSP token for efficient, cost-effective swaps in DeFi.
Similar Rated Tokens
More for DeFi Investors
- Yield Farming Analysis: Discover the best tools and strategies for maximizing your returns from yield farming in DeFi.
- AI vs Fundamentals: See how Token Vitals combines AI crypto price prediction with fundamental analysis for a balanced investment perspective.
- Risk Scores Explained: Learn how our crypto risk scores differ from traditional credit scores and what that means for your portfolio.
- On-Chain Metrics: Understand which on-chain metrics matter most when investing in tokens and how to use them effectively.
- US Investor Analytics: Access crypto analytics designed for US investors, including features to help with tax tracking and compliance.
- Finding Value: Explore our data-driven lists to uncover top undervalued DeFi tokens for 2025 and beyond.