Ask about Parallax
Logo of ParallaxParallax(PLX)
Total Value Locked$7,650.05

TVL by Chain

Arbitrum$5,064.39

ZKsync Era$2,585.64

Ethereum$0.015

Key Metrics

Staked$0

Total Raised$4.5m

Sep 12, 2023$4.5mRound: Investors: Dragonfly Capital, Circle Ventures , gumi Cryptos Capital, Palm Drive Capital, Comma Capital, Firsthand Alliance , Balaji Srinivasan, Zach Adams

Protocol Information

Parallax provides liquidity infrastructure that empower individuals, DAOs, and other protocols to generate yield on Arbitrum and zkSync

Category:Yield Aggregator

Audits:

Twitter

Methodology

TVL: TVL comes from the Staking VaultsView code on GitHub

Competitors

Beefy ($108.01m)Harvest Finance ($12.86m)CIAN Yield Layer ($281.87m)Yearn Finance ($181.71m)Fusion by IPOR ($43.23m)Fluid Lite ($146.88m)Vesper ($78.16m)YO Protocol ($34.87m)vfat.io ($30.86m)Nucleus ($30.27m)

Frequently Asked Questions

What is Parallax?

Parallax provides liquidity infrastructure that empower individuals, DAOs, and other protocols to generate yield on Arbitrum and zkSync

What is Parallax's TVL?

Parallax currently has $7,650.05 in total value locked. TVL has increased 5.6% over the past 30 days.

What chains does Parallax operate on?

Parallax operates on 3 chains: Arbitrum, Ethereum, and ZKsync Era. Arbitrum holds the largest share at 66.2%.

How does Parallax's TVL compare to similar protocols?

Among Yield Aggregator protocols tracked by DefiLlama, Parallax ranks #104 by TVL. The category holds $1.279b across 186 protocols, and Parallax accounts for <0.1% of that total. Other leading protocols include CIAN Protocol, Yearn, and Fluid.