Hardware Wallet Ledger Integrates DeFi For Enhanced Liquidity

ParaSwap allows Ledger users simple price discovery via DEX aggregation

article-image

Source: Shutterstock

share

key takeaways

  • Decentralized exchanges might be the future of digital assets, but some have a steep learning curve
  • Ledger seeks to alleviate this through integrating ParaSwap into its Ledger Live trading platform

Hardware wallet Ledger recently announced that users will soon be able to access DeFi markets directly through Ledger Live, its trading app, through ParaSwap. 

Ledger makes hardware wallets that allow users to store their digital assets directly onto a USB drive while securely controlling the keys. This is in contrast to software wallets, where the assets are stored on a computer, or web-based wallets where they are stored on someone else’s server. 

While users have been able to trade their tokens stored on Ledger for some time thanks to the Ledger Live app, this has been only through centralized exchanges.

The rise of decentralized exchanges like Balancer, Uniswap, 0x, SushiSwap and Bancor has the potential to disrupt the model — particularly because of the premium some of these exchanges put on certain tokens — but also has a learning curve which Ledger Live hopes to eliminate. In addition, ParaSwap’s aggregation feature automates the price discovery process. 

ParaSwap has been something of a DeFi investor darling recently, raising nearly $3 million from Alameda Research, Blockchain Capital, and CoinGecko according to Crunchbase

According to DappRadar, ParaSwap has had nearly 10,000 active users in the last month and has processed approximately $4.14 billion in volume. 

On June 10, Ledger announced $380 million in Series C funding led by 0T Holdings. Other noteworthy investors include: Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Korelya Capital and Wicklow Capital. This latest round brings the company to an implied valuation of $1.5 billion.

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (2).png

Research

We’re bullish on the PUMP token. We believe Pump.fun's brand strength, existing integrations, product roadmap, and strategic levers justify PUMP's TGE valuation, and expect the token to re-rate meaningfully higher in the months ahead.

article-image

Big blockers wasted a bitcoin fortune trying to prove a point

article-image

Coinbase’s newest acquisition includes the CEO and Head of Research from Opyn

article-image

Crypto’s highest purpose might be to make markets better by making them bigger

article-image

The non-profit’s “Project Open” seeks to let stocks trade directly on Solana

article-image

The acquisition is Pump.fun’s first, and comes just days before its planned ICO

article-image

As Trump’s tariff war reignites, everyone is assuming the dollar will continue its path lower. But the journey might be bumpy