Total Value Locked$2.12m
TVL by Chain
Ethereum$938,176.4
Hyperliquid L1$687,078.95
Base$254,419.77
Avalanche$243,860.83
Sonic$0
Key Metrics
Fees (Annualized)$147,235.64
Fees 30d$7,678.53
Ethereum$3,927.2
Avalanche$2,518.82
Hyperliquid L1$2,292.44
Base$611.6
Fees 7d$1,829
Ethereum$1,106
Hyperliquid L1$643
Avalanche$414.54
Base$207.11
Fees 24h$487
Ethereum$397
Avalanche$66.15
Base$47.01
Hyperliquid L1$0
Cumulative Fees$147,336.49
Avalanche$112,534.39
Hyperliquid L1$30,408.98
Ethereum$15,161.65
Base$10,824.8
Revenue (Annualized)$14,720.7
Revenue 30d$772.72
Ethereum$392.25
Avalanche$254.09
Hyperliquid L1$230.24
Base$61.25
Revenue 7d$184.74
Ethereum$110.6
Hyperliquid L1$64.84
Avalanche$41.78
Base$20.73
Revenue 24h$48.53
Ethereum$39.53
Avalanche$6.61
Base$4.71
Hyperliquid L1$0
Cumulative Revenue$14,730.6
Avalanche$11,252.15
Hyperliquid L1$3,043.71
Ethereum$1,518.49
Base$1,075.69
Holders Revenue (Annualized)$1,335.84
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
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
Audits:
Methodology
TVL: TVL is retrieved on-chain by getting the total assets managed by the Parallelizer contractsView code on GitHubFees: Daily change in protocol net surplus (total collateral value minus USDp outstanding). Captures yield from yield-bearing collateral held by the Parallelizer plus burn fees on yield-bearing redemptions.View code on GitHubRevenue: DAO Treasury share of net surplus accrual: 9% before June 1, 2026 (plus 1% to Angle Labs under BUSL 1.1 PIP-50), and 10% thereafter (Angle Labs 1% redistributed to DAO post license expiry).View code on GitHubHolders Revenue: View code on GitHubYields
Pools Tracked4
Average Supply APY12%
Competitors
Frequently Asked Questions
What is Parallel Protocol V3's TVL?
Parallel Protocol V3 currently has $2.12m in total value locked. TVL has increased 3.4% over the past 30 days.
What chains does Parallel Protocol V3 operate on?
Parallel Protocol V3 operates on 5 chains: Ethereum, Base, Avalanche, Sonic, and Hyperliquid L1. Ethereum holds the largest share at 44.2%.
How much has Parallel Protocol V3 generated in fees and revenue?
Over the past 30 days, Parallel Protocol V3 generated $7,678.53 in fees. Of that, $772.72 was protocol revenue. Based on the trailing year, the annualized rate is $147,235.64 in fees and $14,720.7 in revenue.
How does Parallel Protocol V3's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Parallel Protocol V3 ranks #33 by TVL. The category holds $7.992b across 203 protocols, and Parallel Protocol V3 accounts for <0.1% of that total. Other leading protocols include Reservoir Protocol, QiDao, Button Wrappers, Overnight Finance, BIMA CDP, Abracadabra Spell, Angle, xDollar, Monroe Protocol, and Deaderal Reserve Protocol.
How many yield pools does Parallel Protocol V3 have?
DefiLlama tracks 4 Parallel Protocol V3 yield pools with an average APY of 12%.
