Ask about Parallel Protocol · freeTotal Value Locked$1.35m
TVL by Chain
Ethereum$677,969
Hyperliquid L1$351,944
Base$162,768
Avalanche$110,779
Polygon$41,956
Fantom$98
Sonic$0
Key Metrics
Fees 30d$5,792
Fees 30d by chain
Ethereum$2,797
Hyperliquid L1$2,253
Base$707.68
Avalanche$464.99
Fees 7d$591.09
Hyperliquid L1$302.16
Ethereum$192.40
Base$131.25
Avalanche$73.90
Fees 24h$193
Hyperliquid L1$122
Ethereum$46.20
Base$13.17
Avalanche$11.04
Cumulative Fees$156,061
Avalanche$113,453
Hyperliquid L1$34,368
Ethereum$19,063
Base$11,885
Revenue 30d$578.20
Revenue 30d by chain
Ethereum$279.81
Hyperliquid L1$224.72
Base$70.74
Avalanche$46.67
Revenue 7d$59.19
Hyperliquid L1$30.20
Ethereum$19.37
Base$13.17
Avalanche$7.41
Revenue 24h$19.28
Hyperliquid L1$12.22
Ethereum$4.62
Base$1.34
Avalanche$1.11
Cumulative Revenue$15,603
Avalanche$11,340
Hyperliquid L1$3,437
Ethereum$1,904
Base$1,188
Holders Revenue 30d$0
Holders Revenue 30d by chain
Avalanche$0
Base$0
Ethereum$0
Hyperliquid L1$0
Holders Revenue 7d$0
Avalanche$0
Base$0
Ethereum$0
Hyperliquid L1$0
Holders Revenue 24h$0
Avalanche$0
Base$0
Ethereum$0
Hyperliquid L1$0
Cumulative Holders Revenue$1,329
Avalanche$1,057
Hyperliquid L1$239.88
Base$67.82
Ethereum$45.20
Market Cap$2.88m
$PRL Price$0.0029
$2.88m
$PRL Volume 24h$1,722
CEX Volume$0
DEX Volume$1,768(102.65% of total)
Treasury$173,098
$5.94
Stablecoins$154,737
Own Tokens$18,331
Others$23.75
Protocol Information
Parallel is an over-collateralized, decentralized, modular & capital-efficient stablecoins protocol deployed on several chains. Each stablecoin can be minted against an approved basket of yield generating correlated assets at the oracle price and redeemed for it without cooldown
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Yields
Pools Tracked3
Average Supply APY7.5%
Competitors
Frequently Asked Questions
What is Parallel Protocol's TVL?
Parallel Protocol currently has $1.35m in total value locked. TVL has decreased 47.9% over the past 30 days.
What chains does Parallel Protocol operate on?
Parallel Protocol operates on 7 chains: Ethereum, Polygon, Fantom, Hyperliquid L1, and Base and 2 others. Ethereum holds the largest share at 50.4%.
How much has Parallel Protocol generated in fees and revenue?
Over the past 30 days, Parallel Protocol generated $5,792 in fees. Of that, $578.20 was protocol revenue. Based on the trailing year, the annualized rate is $154,431 in fees and $15,440 in revenue.
What is the PRL token price and valuation?
PRL is currently trading at $0.0029. Its circulating market capitalization is $2.88m, ranking it #2,496. Its fully diluted valuation is $2.88m. Supply currently stands at 1b circulating, 1b total supply, 1b maximum supply.
How has PRL performed recently?
PRL is down 9.8% over the past 7 days and up 114.1% over the past 30 days. Its all-time high is $0.43, reached on Oct 20, 2021. The token is currently 99.3% below that level.
How does Parallel Protocol's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Parallel Protocol ranks #39 by TVL. The category holds $8.225b across 197 protocols, and Parallel Protocol accounts for <0.1% of that total. Other leading protocols include QiDao, Reservoir Protocol, Abracadabra Spell, Angle, Iron Finance, xDollar, Button Wrappers, DEUS Finance, BIMA CDP, and mStable CDP.
How many yield pools does Parallel Protocol have?
DefiLlama tracks 3 Parallel Protocol yield pools with an average APY of 7.5%.
Does Parallel Protocol have a treasury?
Parallel Protocol has a tracked treasury currently valued at $173,098. Its holdings include $154,737 in stablecoins, $5.94 in major assets, $18,331 in its own tokens, $23.75 in other assets.