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ParaSwap (PSP)

ParaSwap announces rebranding to VeloraDEX with a token migration from $PSP to $VLR, offering incentives for early adopters. Staked $PSP holders face deprecation if they don't migrate, raising some tokenomic concerns.

About ParaSwap

ParaSwap is a decentralized exchange aggregator that is rebranding to VeloraDEX.
ParaSwap uses the ticker $PSP for trading. Listed in the Cryptocurrencies category within the BNB Chain Ecosystem, Avalanche Ecosystem, DeFi, DAO and Exchange Tokens sectors. ParaSwap available on ethereum address 0xcafe001067cdef266afb7eb5a286dcfd277f3de5, optimism address 0xd3594E879B358F430E20F82bea61e83562d49D48, fantom address 0xcafe001067cdef266afb7eb5a286dcfd277f3de5, bnbchain address 0xcafe001067cdef266afb7eb5a286dcfd277f3de5, polygon address 0x42d61d766b85431666b39b89c43011f24451bff6.

Insights

ParaSwap (PSP) market cap is up XXXXX% from the previous week.
ParaSwap (PSP) social dominance is up XXXXX% from the previous week.
ParaSwap (PSP) Galaxy Score™ is up XXXXXX% from the previous week.

Price: $XXXXX

Price 24-Hour Time-Series Raw Data
The price is experiencing consolidation with negative movement and decreased trading volume due to the ongoing migration from $PSP to $VLR. Positive sentiment and high social engagement around the migration could lead to a recovery if the transition is successful.

1-Hour: -XXX% 24-Hour: XXXX% 7-Day: XXXX% 30-Day: -XXXX%

1-Year High: $XXXXX on 2025-09-16
1-Year Low: $XXXXXXX on 2025-11-06

AltRank: XXXXX

AltRank Line Chart
AltRank 24-Hour Time-Series Raw Data
ParaSwap (PSP) is currently AltRank #2,064 based on combined combined social and market metrics Daily Average: XXXXX
X Week: XXXXX -XXXXX
X Month: XXXXX +1,087
X Months: XXXXX -XXX
X Year: XXXXX +877
1-Year High: XXXXX on 2025-08-01
1-Year Low: XX on 2025-09-16

Galaxy Score: XXXXX

Galaxy Score Line Chart
Galaxy Score 24-Hour Time-Series Raw Data
Current Value: XXXXX
Daily Average: XX
X Week: XX +25
X Month: XX -XX
X Months: XX +23
X Year: XX -XX
1-Year High: XX on 2025-05-27
1-Year Low: X on 2025-10-09

Engagements: XX (24h)

Engagements Line Chart
Engagements 24-Hour Time-Series Raw Data
Current Value: XX
Daily Average: XXXXX
X Week: XXX -XX%
X Month: XXXXXX -XX%
X Months: XXXXXXXXX +69%
X Year: XXXXXXXXX -XX%
1-Year High: XXXXXXX on 2025-09-19
1-Year Low: XX on 2025-12-06

Engagements by network (24h): X: XX

Mentions: XX (24h)

Mentions Line Chart
Mentions 24-Hour Time-Series Raw Data
Current Value: XX
Daily Average: XX
X Week: XXX -XX%
X Month: XXX +5.40%
X Months: XXXXX +89%
X Year: XXXXX +85%
1-Year High: XXX on 2025-09-19
1-Year Low: X on 2025-12-06

Mentions by network (24h): X: XX

Creators: XX (24h)

Creators Line Chart
Creators 24-Hour Time-Series Raw Data
XX unique social accounts have posts mentioning ParaSwap (PSP) in the last XX hours which is down XX% from XX in the previous XX hours Daily Average: XX
X Week: XX -XX%
X Month: XXX +2.80%
X Months: XXXXX +81%
X Year: XXXXX +58%
1-Year High: XXX on 2025-09-19
1-Year Low: X on 2025-12-06

The most influential creators that mention ParaSwap in the last XX hours

Creator	Rank	Followers	Posts	Engagements
@CoinBubbles_App	X	XXX	X	X
@aicryptopattern	X	XXXXX	X	X

Sentiment: XX%

Sentiment Line Chart
Sentiment 24-Hour Time-Series Raw Data
Current Value: XX%
Daily Average: XX%
X Week: XX% -XX%
X Month: XX% -XX%
X Months: XX% -XX%
X Year: XX% -XX%
1-Year High: XXX% on 2025-01-01
1-Year Low: XX% on 2025-10-28

Most Supportive Themes:

Protocol Upgrade and Token Migration: (60%) The rebranding to VeloraDEX and the migration from $PSP to $VLR is highlighted as a protocol upgrade, not just a rebrand. Benefits include unified governance, staking rewards tied to protocol revenue, and increased liquidity.
Early Adopter Incentives: (30%) Incentives for early adopters migrating to $VLR, particularly on the Base network, are being offered, including bonus rewards.
Rebrand to VeloraDEX: (10%) The rebrand to VeloraDEX and its intent-based trading architecture is viewed positively, with users praising the platform's efficiency and ease of use.

Most Critical Themes:

Deprecation of Staked $PSP: (5%) Staked $PSP tokens are being deprecated, meaning holders will lose rewards and governance rights if they do not migrate.
Tokenomic Concerns: (5%) Potential concerns exist regarding tokenomics, such as the risk of inflation or dumps due to high initial emissions, which could affect long-term sustainability.

Social Dominance: XXXXXX%

Social Dominance Line Chart
Social Dominance 24-Hour Time-Series Raw Data
Current Value: XXXXXX%
Daily Average: XXXXXXX%
X Week: XXXXXX% +0.0005000000000000001%
X Month: XXXXX% +0.0018%
X Months: XXXXX% -XXXXXXXXXXXXXXXXXXXXX%
X Year: XXXXX% -XXXXX%
1-Year High: XXXXX% on 2025-09-19
1-Year Low: XXXXXX% on 2025-10-13

Trading Volume: $XXXXXXXX

Trading Volume Line Chart
Trading Volume 24-Hour Time-Series Raw Data
Current Value: $XXXXXXXX
Daily Average: $XXXXXXX
X Week: $XXXXXXXX +$1.50%
X Month: $XXXXXXXX -$17%
X Months: $XXXXXXXX -$98%
X Year: $XXXXXXXX -$99%
1-Year High: $XXXXXXXXX on 2025-09-16
1-Year Low: $XXXXXX on 2025-11-06

Market Dominance: XXXXXXXXXXXXXXXXXXXXX%

Market Dominance Line Chart
Market Dominance 24-Hour Time-Series Raw Data
Current Value: XXXXXXXXXXXXXXXXXXXXX%
Daily Average: X%
1-Year High: XXXXXXX% on 2025-03-02
1-Year Low: XXXXXXX% on 2025-11-06

Market Cap: $XXXXXXXXXX

Market Cap Line Chart
Market Cap 24-Hour Time-Series Raw Data
Current Value: $XXXXXXXXXX
Daily Average: $XXXXXXXXXX
X Week: $XXXXXXXXXX +$79%
X Month: $XXXXXXXXXX +$0.04%
X Months: $XXXXXXXXXX -$61%
X Year: $XXXXXXXXXX -$71%
1-Year High: $XXXXXXXXXX on 2024-12-16
1-Year Low: $XXXXXXXXX on 2025-11-06

Circulating Supply: XXXXXXXXXXX

Circulating Supply Line Chart
Circulating Supply 24-Hour Time-Series Raw Data
Current Value: XXXXXXXXXXX
Daily Average: XXXXXXXXXXXXX
1-Year High: XXXXXXXXXXXXX on 2025-06-19
1-Year Low: XXXXXXXXXXX on 2025-12-12