Ask about Parallel Protocol · freeTotal Value Locked$1.33m
TVL by Chain
Ethereum$592,501
Hyperliquid L1$341,922
Base$243,003
Avalanche$111,061
Polygon$38,773
Fantom$101
Sonic$0
Key Metrics
Fees 30d-$107,046
Fees 30d by chain
Ethereum$41,737
Hyperliquid L1$2,560
Base$718.99
Avalanche$355.63
Polygon$134.50
Fees 7d-$141,963
Ethereum$8,689
Hyperliquid L1$1,205
Base$262
Avalanche$71.02
Polygon$31.80
Fees 24h$1,556
Ethereum$1,399
Hyperliquid L1$177
Polygon$4.64
Avalanche$0
Base$0
Cumulative Fees$761,890
Ethereum$742,332
Avalanche$113,636
Hyperliquid L1$36,293
Polygon$26,555
Base$12,484
Revenue 30d$18,854
Revenue 30d by chain
Ethereum$32,638
Hyperliquid L1$257.19
Polygon$107.61
Base$72.40
Avalanche$35.61
Revenue 7d-$7,267
Ethereum$6,786
Hyperliquid L1$121.32
Base$26.61
Polygon$25.45
Avalanche$7.10
Revenue 24h$1,146
Ethereum$1,126
Hyperliquid L1$17.98
Polygon$3.71
Avalanche$0
Base$0
Cumulative Revenue$603,769
Ethereum$583,432
Polygon$21,247
Avalanche$10,313
Hyperliquid L1$3,405
Base$1,186
Holders Revenue 30d$6,348
Holders Revenue 30d by chain
Ethereum$6,331
Polygon$20.21
Avalanche$0
Base$0
Hyperliquid L1$0
Holders Revenue 7d$1,490
Ethereum$1,485
Polygon$4.77
Avalanche$0
Base$0
Hyperliquid L1$0
Holders Revenue 24h$214
Ethereum$213
Polygon$0.70
Avalanche$0
Base$0
Hyperliquid L1$0
Cumulative Holders Revenue$113,499
Ethereum$109,522
Polygon$3,967
Hyperliquid L1$10.58
Avalanche$10.46
Base$5.06
Market Cap$1.16m
$PRL Price$0.0026
Fully Diluted Valuation$1.16m
$PRL Volume 24h$0
CEX Volume$0
DEX Volume$0
Treasury$40,045
Majors$4.45
Stablecoins$40,017
Own Tokens$0
Others$23.32
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
Yields
Pools Tracked3
Average Supply APY6.75%
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
Competitors
Parallel Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 30, 2021 to Nov 2, 2026.
All-time high TVL: $59.96m on May 12, 2021. All-time low TVL: $1,451 on Oct 3, 2024.
Daily TVL, Oct 4, 2026 to Nov 2, 2026
| Date | TVL |
|---|---|
| Oct 4, 2026 | $1.45m |
| Oct 5, 2026 | $1.46m |
| Oct 6, 2026 | $1.41m |
| Oct 7, 2026 | $1.38m |
| Oct 8, 2026 | $1.36m |
| Oct 9, 2026 | $1.34m |
| Oct 10, 2026 | $1.34m |
| Oct 11, 2026 | $1.35m |
| Oct 12, 2026 | $1.35m |
| Oct 13, 2026 | $1.33m |
| Oct 14, 2026 | $1.35m |
| Oct 15, 2026 | $1.33m |
| Oct 16, 2026 | $1.33m |
| Oct 17, 2026 | $1.33m |
| Oct 18, 2026 | $1.33m |
| Oct 19, 2026 | $1.33m |
| Oct 20, 2026 | $1.38m |
| Oct 21, 2026 | $1.39m |
| Oct 22, 2026 | $1.39m |
| Oct 23, 2026 | $1.4m |
| Oct 24, 2026 | $1.4m |
| Oct 25, 2026 | $1.4m |
| Oct 26, 2026 | $1.38m |
| Oct 27, 2026 | $1.38m |
| Oct 28, 2026 | $1.39m |
| Oct 29, 2026 | $1.37m |
| Oct 30, 2026 | $1.32m |
| Oct 31, 2026 | $1.33m |
| Nov 1, 2026 | $1.33m |
| Nov 2, 2026 | $1.33m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $15.33m |
| Jan 31, 2025 | $14.82m |
| Feb 28, 2025 | $10.86m |
| Mar 31, 2025 | $2.76m |
| Apr 30, 2025 | $2.55m |
| May 31, 2025 | $3.2m |
| Jun 30, 2025 | $3.04m |
| Jul 31, 2025 | $3.15m |
| Aug 31, 2025 | $2.97m |
| Sep 30, 2025 | $3.19m |
| Oct 31, 2025 | $3.38m |
| Nov 30, 2025 | $3.34m |
| Dec 31, 2025 | $4.59m |
| Jan 31, 2026 | $3.48m |
| Feb 28, 2026 | $4.48m |
| Mar 31, 2026 | $4.63m |
| Apr 30, 2026 | $4.67m |
| May 31, 2026 | $3.65m |
| Jun 30, 2026 | $2.63m |
| Jul 31, 2026 | $2.6m |
| Aug 31, 2026 | $2.76m |
| Sep 30, 2026 | $1.47m |
| Oct 31, 2026 | $1.33m |
| Nov 2, 2026 (latest) | $1.33m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $28.23m |
| Dec 31, 2022 | $17.33m |
| Dec 31, 2023 | $23.06m |
| Dec 31, 2024 | $15.33m |
| Dec 31, 2025 | $4.59m |
Fees, revenue and holders revenue by UTC calendar month, Jul 2025 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jul 2025 | $0.77 | $0.06 | $0 |
| Aug 2025 | $74.99 | $6.74 | $0 |
| Sep 2025 | $1,329 | $120.63 | $1.67 |
| Oct 2025 | $50,735 | $39,321 | $7,438 |
| Nov 2025 | $70,423 | $55,641 | $10,584 |
| Dec 2025 | $81,761 | $60,443 | $11,324 |
| Jan 2026 | $85,065 | $61,582 | $11,389 |
| Feb 2026 | $148,473 | $62,388 | $10,317 |
| Mar 2026 | $81,251 | $58,524 | $10,924 |
| Apr 2026 | $80,750 | $57,805 | $10,590 |
| May 2026 | $56,569 | $40,247 | $7,389 |
| Jun 2026 | $51,269 | $35,971 | $6,605 |
| Jul 2026 | $52,701 | $37,148 | $6,826 |
| Aug 2026 | $54,883 | $37,779 | $6,929 |
| Sep 2026 | $50,544 | $35,629 | $6,594 |
| Oct 2026 | -$105,494 | $20,020 | $6,374 |
| Nov 2026 (to date) | $2,849 | $2,269 | $428 |
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-protocol
Frequently asked questions
What is Parallel Protocol's TVL?
As of Nov 2, 2026, Parallel Protocol has $1.33m in total value locked. TVL has decreased 8.5% 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 44.6%.
How much has Parallel Protocol generated in fees and revenue?
Over the past 30 days, Parallel Protocol generated -$107,046 in fees. Of that, $18,854 was protocol revenue. Based on the trailing year, the annualized rate is $706,952 in fees and $562,448 in revenue.
What is the PRL token price and valuation?
PRL is currently trading at $0.0026. Its circulating market capitalization is $1.16m, ranking it #3,454. Its fully diluted valuation is $1.16m. Supply currently stands at 447.27m circulating, 447.27m total supply, 1b maximum supply.
How has PRL performed recently?
PRL is down 5.1% over the past 7 days and down 10.1% over the past 30 days. Its all-time high is $0.43, reached on Oct 20, 2021. The token is currently 99.4% below that level.
How does Parallel Protocol's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Parallel Protocol ranks #33 by TVL. The category holds $7.247b across 196 protocols, and Parallel Protocol accounts for <0.1% of that total. Similar protocols include QiDao, Reservoir Protocol, Abracadabra Spell, Angle, Iron Finance, xDollar, Button Wrappers, DEUS Finance, BIMA CDP, and mStable CDP.
How many yield pools does Parallel Protocol have?
DefiLlama tracks 3 Parallel Protocol yield pools with an average APY of 6.8%.
Does Parallel Protocol have a treasury?
Parallel Protocol has a tracked treasury currently valued at $40,045. Its holdings include $40,017 in stablecoins, $4.45 in major assets, $23.32 in other assets.