Ask about Parallel Protocol · freeTotal Value Locked$1.4m
TVL by Chain
Ethereum$701,571
Hyperliquid L1$380,750
Base$162,571
Avalanche$110,964
Polygon$40,559
Fantom$105
Sonic$0
Key Metrics
Fees 30d$45,936
Fees 30d by chain
Ethereum$43,364
Hyperliquid L1$1,692
Base$631.56
Avalanche$430.64
Polygon$134.08
Fees 7d$10,775
Ethereum$10,172
Hyperliquid L1$430.08
Base$123.70
Avalanche$91.24
Polygon$31.19
Fees 24h$1,598
Ethereum$1,463
Hyperliquid L1$70.85
Base$48.98
Avalanche$11.74
Polygon$4.44
Cumulative Fees$902,334
Ethereum$732,181
Avalanche$113,555
Hyperliquid L1$35,033
Polygon$26,519
Base$12,222
Revenue 30d$34,299
Revenue 30d by chain
Ethereum$33,935
Hyperliquid L1$169.50
Polygon$107.27
Base$63.13
Avalanche$43.16
Revenue 7d$8,008
Ethereum$7,922
Hyperliquid L1$43.49
Polygon$24.95
Base$12.45
Avalanche$9.13
Revenue 24h$1,150
Ethereum$1,133
Hyperliquid L1$7.04
Base$4.93
Polygon$3.55
Avalanche$1.17
Cumulative Revenue$609,894
Ethereum$575,513
Polygon$21,218
Avalanche$10,305
Hyperliquid L1$3,278
Base$1,159
Holders Revenue 30d$6,195
Holders Revenue 30d by chain
Ethereum$6,181
Polygon$19.17
Avalanche$0
Base$0
Hyperliquid L1$0
Holders Revenue 7d$1,483
Ethereum$1,480
Polygon$4.70
Avalanche$0
Base$0
Hyperliquid L1$0
Holders Revenue 24h$212
Ethereum$212
Polygon$0.67
Avalanche$0
Base$0
Hyperliquid L1$0
Cumulative Holders Revenue$111,796
Ethereum$107,825
Polygon$3,961
Hyperliquid L1$10.58
Avalanche$10.46
Base$5.06
Market Cap$1.19m
$PRL Price$0.0027
Fully Diluted Valuation$1.19m
$PRL Volume 24h$2,177
CEX Volume$0
DEX Volume$2,177(100% of total)
Treasury$146,428
Majors$7.27
Stablecoins$129,525
Own Tokens$16,870
Others$25.36
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 Oct 25, 2026.
All-time high TVL: $59.96m on May 12, 2021. All-time low TVL: $1,451 on Oct 3, 2024.
Daily TVL, Sep 26, 2026 to Oct 25, 2026
| Date | TVL |
|---|---|
| Sep 26, 2026 | $1.52m |
| Sep 27, 2026 | $1.52m |
| Sep 28, 2026 | $1.51m |
| Sep 29, 2026 | $1.47m |
| Sep 30, 2026 | $1.47m |
| Oct 1, 2026 | $1.47m |
| Oct 2, 2026 | $1.46m |
| Oct 3, 2026 | $1.45m |
| 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 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $16.31m |
| 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 25, 2026 (latest) | $1.4m |
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 Oct 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 (to date) | $36,506 | $27,291 | $4,885 |
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 Oct 25, 2026, Parallel Protocol has $1.4m in total value locked. TVL has decreased 8% 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 50.2%.
How much has Parallel Protocol generated in fees and revenue?
Over the past 30 days, Parallel Protocol generated $45,936 in fees. Of that, $34,299 was protocol revenue. Based on the trailing year, the annualized rate is $868,029 in fees and $583,637 in revenue.
What is the PRL token price and valuation?
PRL is currently trading at $0.0027. Its circulating market capitalization is $1.19m, ranking it #3,237. Its fully diluted valuation is $1.19m. Supply currently stands at 448.74m circulating, 448.74m total supply, 1b maximum supply.
How has PRL performed recently?
PRL is down 5.4% over the past 7 days and up 7.2% 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 #36 by TVL. The category holds $7.674b across 199 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 $146,428. Its holdings include $129,525 in stablecoins, $7.27 in major assets, $16,870 in its own tokens, $25.36 in other assets.