Ask about Parallel ProtocolTotal Value Locked$2.55m
TVL by Chain
Ethereum$1.32m
Avalanche$577,787
Hyperliquid L1$523,783
Base$100,240
Polygon$32,784
Fantom$63
Sonic$0
Key Metrics
Fees (Annualized)$141,929.44
Fees 30d$6,767.95
Ethereum$3,376.11
Hyperliquid L1$2,423.91
Avalanche$2,177.39
Base$239.76
Fees 7d$1,493.04
Ethereum$901.79
Avalanche$557.64
Hyperliquid L1$346.81
Base$36.64
Fees 24h$206
Ethereum$116
Avalanche$85
Hyperliquid L1$2.98
Base$1.74
Cumulative Fees$141,749.91
Avalanche$110,777.81
Hyperliquid L1$28,820.8
Ethereum$12,600.24
Base$10,250.94
Revenue (Annualized)$14,187.68
Revenue 30d$679.27
Ethereum$336.69
Hyperliquid L1$245.17
Avalanche$216.27
Base$23.45
Revenue 7d$150.22
Ethereum$89.36
Avalanche$56.84
Hyperliquid L1$34.89
Base$3.74
Revenue 24h$20.76
Ethereum$11.65
Avalanche$8.64
Hyperliquid L1$0.3
Base$0.17
Cumulative Revenue$14,169.91
Avalanche$11,076.04
Hyperliquid L1$2,884.48
Ethereum$1,262.49
Base$1,018.29
Holders Revenue (Annualized)$1,336.04
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$198,290.93
$81.8
Stablecoins$189,495.34
Own Tokens$8,218.31
Others$495.48
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
Category:CDP
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Yields
Pools Tracked3
Average Supply APY10%
Competitors
Frequently Asked Questions
What is Parallel Protocol?
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
What is Parallel Protocol's TVL?
Parallel Protocol currently has $2.55m in total value locked. TVL has decreased 1.2% over the past 30 days.
What chains does Parallel Protocol operate on?
Parallel Protocol operates on 7 chains: Ethereum, Polygon, Fantom, Avalanche, and Hyperliquid L1 and 2 others. Ethereum holds the largest share at 51.6%.
How much has Parallel Protocol generated in fees and revenue?
Over the past 30 days, Parallel Protocol generated $6,767.95 in fees. Of that, $679.27 was protocol revenue. Based on the trailing year, the annualized rate is $141,929.44 in fees and $14,187.68 in revenue.
How does Parallel Protocol's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Parallel Protocol ranks #26 by TVL. The category holds $7.845b across 192 protocols, and Parallel Protocol accounts for <0.1% of that total. Other leading protocols include Sky, USDD, and Lista DAO.
How many yield pools does Parallel Protocol have?
DefiLlama tracks 3 Parallel Protocol yield pools with an average APY of 10%.
Does Parallel Protocol have a treasury?
Parallel Protocol has a tracked treasury currently valued at $198,290.93. Its holdings include $189,495.34 in stablecoins, $81.8 in major assets, $8,218.31 in its own tokens, $495.48 in other assets.
