A prominent decentralized exchange (DEX) aggregator, ParaSwaap has officially rebranded to Velora. The transformation establishes a new intents-based trading model to enhance decentralized finance (DeFi) execution speed while improving flexibility and efficiency. The upgrade incorporates Delta v2.5 that improves Velora’s foundation through enabling many agents to vie for trading execution opportunities.
The transition at Velora solves existing problems with standard DEX aggregation systems using multiple block executions. The updated system provides traders with execution preference definitions that boost pricing effectiveness and bring new features including cross-chain swaps and conditional order capabilities. The framework deployment targets execution reliability by minimizing MEV risks and providing users with better control over system accessibility.
Velora Enhance Trade Execution and Cross-Chain Capabilities
The Velora system uses a modular execution framework based on intent to conduct transactions between different blockchain networks. The system update enables users to perform swaps between different blockchain networks while removing risks associated with bridging operations. Through the Dynamic Agent Marketplace, both market makers and solvers participate in trade execution competitions to deliver reduced pricing and decreased MEV exploitation.
The rebranding initiative brings Super Hooks which serves as a mechanism to create automated trading strategies depending on user preferences. The system helps traders conduct extensive multi-step business transactions through one automatic process that manages liquidity and performs collateral swaps in lending protocols. The limit order feature in Velora streamlines operations because traders can set specific rules for execution which overcomes traditional ordering framework restrictions.
Industry Adoption and Future Outlook
ParaSwap has processed trading operations of over $100 billion recording over four million user addresses. TokenTerminal statistics show that the platform’s smart contract operations reached 4.3 million transactions during the previous year and maintained an 18,000 monthly active user base.
Velora’s intent-based trading model has the potential to improve the DeFi sector through simplified trade execution that includes competitive pricing features. The rebrand signals an advancement in decentralization trading by delivering better execution speed, heightened cross-chain operation and MEV defense.
