Total Value Locked$2.75m
TVL by Chain
Ethereum$1.52m
Hyperliquid L1$689,502
Base$254,520
Avalanche$243,993
Polygon$39,535
Fantom$69
Sonic$0
Key Metrics
Fees (Annualized)$147,898.49
Fees 30d$8,083.24
Ethereum$3,839.26
Avalanche$2,453.48
Hyperliquid L1$2,388.07
Base$665.24
Fees 7d$1,420.62
Ethereum$1,009.06
Hyperliquid L1$394
Avalanche$267.46
Base$184.68
Fees 24h$95.62
Ethereum$88.61
Avalanche$25.86
Base$24
Hyperliquid L1$0
Cumulative Fees$147,627.11
Avalanche$112,598.95
Hyperliquid L1$30,661.98
Ethereum$15,155.25
Base$10,865.79
Revenue (Annualized)$14,786.7
Revenue 30d$811.99
Ethereum$383.29
Avalanche$247.19
Hyperliquid L1$239.53
Base$66.58
Revenue 7d$142.5
Ethereum$100.79
Hyperliquid L1$39.33
Avalanche$26.73
Base$18.43
Revenue 24h$9.6
Ethereum$8.86
Avalanche$2.59
Base$2.43
Hyperliquid L1$0
Cumulative Revenue$14,759.61
Avalanche$11,258.61
Hyperliquid L1$3,068.73
Ethereum$1,518.09
Base$1,079.78
Holders Revenue (Annualized)$1,335.7
Holders Revenue 30d$0
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$1,332.42
Avalanche$1,063.35
Hyperliquid L1$235.69
Base$65.71
Ethereum$44.89
$PRL Liquidity$461,794
Balancer V3$461,794
Treasury$182,582.78
$104.66
Stablecoins$181,798.63
Own Tokens$0
Others$679.5
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 Tracked4
Average Supply APY12%
Competitors
Frequently Asked Questions
What is Parallel Protocol's TVL?
Parallel Protocol currently has $2.75m in total value locked. TVL has increased 6.2% 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 55.4%.
How much has Parallel Protocol generated in fees and revenue?
Over the past 30 days, Parallel Protocol generated $8,083.24 in fees. Of that, $811.99 was protocol revenue. Based on the trailing year, the annualized rate is $147,898.49 in fees and $14,786.7 in revenue.
How does Parallel Protocol's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Parallel Protocol ranks #30 by TVL. The category holds $7.881b across 202 protocols, and Parallel Protocol accounts for <0.1% of that total. Other leading protocols include QiDao, Reservoir Protocol, Overnight Finance, Abracadabra Spell, Angle, Iron Finance, xDollar, Button Wrappers, DEUS Finance, and BIMA CDP.
How many yield pools does Parallel Protocol have?
DefiLlama tracks 4 Parallel Protocol yield pools with an average APY of 12%.
Does Parallel Protocol have a treasury?
Parallel Protocol has a tracked treasury currently valued at $182,582.78. Its holdings include $181,798.63 in stablecoins, $104.66 in major assets, $679.5 in other assets.
