Parallel Protocol V3(PRL)
Total Value Locked$830,269
TVL by Chain
Hyperliquid L1$352,591
Ethereum$204,000
Base$162,906
Avalanche$110,771
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$191
Hyperliquid L1$120
Ethereum$46.21
Base$13.44
Avalanche$11.04
Cumulative Fees$156,060
Avalanche$113,453
Hyperliquid L1$34,366
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$19.13
Hyperliquid L1$12.04
Ethereum$4.62
Base$1.36
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
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
Audits:
Methodology
TVL: TVL is retrieved on-chain by getting the total assets managed by the Parallelizer contractsView code on GitHubFees: Daily change in protocol net surplus (total collateral value minus USDp outstanding). Captures yield from yield-bearing collateral held by the Parallelizer plus burn fees on yield-bearing redemptions.View code on GitHubRevenue: DAO Treasury share of net surplus accrual: 9% before June 1, 2026 (plus 1% to Angle Labs under BUSL 1.1 PIP-50), and 10% thereafter (Angle Labs 1% redistributed to DAO post license expiry).View code on GitHubHolders Revenue: View code on GitHubYields
Pools Tracked3
Average Supply APY7.5%
Competitors
Frequently Asked Questions
What is Parallel Protocol V3's TVL?
Parallel Protocol V3 currently has $830,269 in total value locked. TVL has decreased 58.9% over the past 30 days.
What chains does Parallel Protocol V3 operate on?
Parallel Protocol V3 operates on 5 chains: Hyperliquid L1, Ethereum, Base, Avalanche, and Sonic. Hyperliquid L1 holds the largest share at 42.5%.
How much has Parallel Protocol V3 generated in fees and revenue?
Over the past 30 days, Parallel Protocol V3 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.
How does Parallel Protocol V3's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Parallel Protocol V3 ranks #41 by TVL. The category holds $8.218b across 199 protocols, and Parallel Protocol V3 accounts for <0.1% of that total. Other leading protocols include Reservoir Protocol, QiDao, Button Wrappers, BIMA CDP, Abracadabra Spell, Angle, xDollar, Monroe Protocol, Deaderal Reserve Protocol, and Avalon USDa.
How many yield pools does Parallel Protocol V3 have?
DefiLlama tracks 3 Parallel Protocol V3 yield pools with an average APY of 7.5%.