Asunción, Paraguay. Asunción is the capital and largest city of Paraguay, located on the banks of the Paraguay River. Explore the historic center, known as the Old Town, with its colonial buildings, such as the Palacio de los López, the seat of the government. Visit the Panteón Nacional de los Héroes, a national mausoleum honoring Paraguay's heroes. Discover the vibrant street art scene in neighborhoods like Loma San Jerónimo and Bañado Sur. Enjoy traditional Paraguayan cuisine, including dishes like chipa and sopa paraguaya. Asunción offers a blend of history, culture, and a lively urban atmosphere.