Parallel Polkadot LendingDeprecated protocol
Key Metrics
Total Raised$29m
Jun 14, 2021$2mRound: Pre-SeedInvestors: Pantera Capital, Polychain Capital, Lightspeed Venture Partners, Breyer Capital, 8 Decimal Capital, Hypersphere Ventures
Aug 30, 2021$22mRound: Series AInvestors: Polychain Capital, Lightspeed Venture Partners, Slow Ventures, Blockchain Capital, Alameda Research
Apr 5, 2022$5mRound: StrategicInvestors: Coinbase Ventures, StarkWare, Section 32
Protocol Information
Parallel Finance is a Decentralized Money Market Protocol that offers lending, staking, and borrowing in the Polkadot ecosystem. Depositors can lend and stake simultaneously to earn double yield on their staked coins, and borrowers can collateralize to borrow.
Parallel Polkadot Lending history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 5, 2022 to Jun 11, 2025.
All-time high TVL: $75.74m on Aug 7, 2022. All-time low TVL: $508,935 on Oct 6, 2024.
Daily TVL, Dec 19, 2024 to Jun 11, 2025
| Date | TVL |
|---|---|
| Dec 19, 2024 | $0 |
| Dec 20, 2024 | $0 |
| Dec 21, 2024 | $0 |
| Dec 22, 2024 | $0 |
| Dec 23, 2024 | $0 |
| Dec 24, 2024 | $0 |
| Dec 25, 2024 | $0 |
| Dec 26, 2024 | $0 |
| Dec 27, 2024 | $0 |
| Dec 28, 2024 | $0 |
| Dec 29, 2024 | $0 |
| Dec 30, 2024 | $0 |
| Dec 31, 2024 | $0 |
| Jan 1, 2025 | $0 |
| Jan 2, 2025 | $0 |
| Jan 3, 2025 | $0 |
| Jan 4, 2025 | $0 |
| Jan 5, 2025 | $0 |
| Jan 6, 2025 | $0 |
| Jan 7, 2025 | $0 |
| Jan 8, 2025 | $0 |
| Jan 9, 2025 | $0 |
| Jan 10, 2025 | $0 |
| Jan 11, 2025 | $0 |
| Jan 12, 2025 | $0 |
| Jan 13, 2025 | $0 |
| Jan 14, 2025 | $0 |
| Jun 6, 2025 | $0 |
| Jun 8, 2025 | $0 |
| Jun 11, 2025 | $0 |
TVL at each month end, Mar 2023 to Jun 2025
| Date | TVL |
|---|---|
| Mar 31, 2023 | $39.98m |
| Apr 30, 2023 | $37.78m |
| May 31, 2023 | $26.8m |
| Jun 30, 2023 | $23.98m |
| Jul 31, 2023 | $25.51m |
| Aug 31, 2023 | $22.91m |
| Sep 30, 2023 | $21.47m |
| Oct 31, 2023 | $24.25m |
| Nov 30, 2023 | $17.81m |
| Dec 31, 2023 | $28.65m |
| Jan 31, 2024 | $20.01m |
| Feb 29, 2024 | $15.02m |
| Mar 31, 2024 | $14.07m |
| Apr 30, 2024 | $10.9m |
| May 31, 2024 | $15.25m |
| Jun 30, 2024 | $11.89m |
| Jul 31, 2024 | $6.76m |
| Aug 31, 2024 | $3.61m |
| Sep 30, 2024 | $2.08m |
| Oct 8, 2024 | $509,584 |
| Nov 30, 2024 | $0 |
| Dec 31, 2024 | $0 |
| Jan 14, 2025 | $0 |
| Jun 11, 2025 (latest) | $0 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2024
| Date | TVL |
|---|---|
| Dec 31, 2022 | $28.56m |
| Dec 31, 2023 | $28.65m |
| Dec 31, 2024 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/parallel-polkadot-lending
Frequently asked questions
What is Parallel Polkadot Lending's TVL?
As of Jun 11, 2025, Parallel Polkadot Lending has $0 in total value locked.
What chains does Parallel Polkadot Lending operate on?
Parallel Polkadot Lending operates on Parallel.