Ask about Parallel Protocol · freeTotal Value Locked$1.33m
TVL by Chain
Ethereum$664,290
Hyperliquid L1$351,729
Base$162,583
Avalanche$110,899
Polygon$41,194
Fantom$115
Sonic$0
Key Metrics
Fees 30d$47,168
Fees 30d by chain
Ethereum$44,412
Hyperliquid L1$1,740
Base$727.28
Avalanche$466.91
Polygon$134.57
Fees 7d$10,666
Ethereum$10,019
Hyperliquid L1$522.75
Base$184.08
Avalanche$86.85
Polygon$31.16
Fees 24h$1,677
Ethereum$1,478
Hyperliquid L1$145
Base$40.18
Avalanche$9.47
Polygon$4.44
Cumulative Fees$893,236
Ethereum$723,486
Avalanche$113,474
Hyperliquid L1$34,748
Polygon$26,492
Base$12,138
Revenue 30d$34,565
Revenue 30d by chain
Ethereum$34,184
Hyperliquid L1$173.01
Polygon$107.65
Base$72.66
Avalanche$46.85
Revenue 7d$7,940
Ethereum$7,850
Hyperliquid L1$52.18
Polygon$24.93
Base$18.41
Avalanche$8.71
Revenue 24h$1,157
Ethereum$1,134
Hyperliquid L1$14.12
Base$3.98
Polygon$3.55
Avalanche$0.95
Cumulative Revenue$603,044
Ethereum$568,725
Polygon$21,196
Avalanche$10,297
Hyperliquid L1$3,249
Base$1,151
Holders Revenue 30d$6,241
Holders Revenue 30d by chain
Ethereum$6,224
Polygon$19.22
Avalanche$0
Base$0
Hyperliquid L1$0
Holders Revenue 7d$1,472
Ethereum$1,468
Polygon$4.68
Avalanche$0
Base$0
Hyperliquid L1$0
Holders Revenue 24h$211
Ethereum$211
Polygon$0.67
Avalanche$0
Base$0
Hyperliquid L1$0
Cumulative Holders Revenue$110,524
Ethereum$106,556
Polygon$3,957
Hyperliquid L1$10.58
Avalanche$10.46
Base$5.06
Market Cap$1.28m
$PRL Price$0.0028
Fully Diluted Valuation$1.28m
$PRL Volume 24h$1,980
CEX Volume$0
DEX Volume$1,987(100.39% of total)
Treasury$160,206
Majors$3.91
Stablecoins$142,290
Own Tokens$17,886
Others$26.20
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 APY7.5%
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 18, 2026.
All-time high TVL: $59.96m on May 12, 2021. All-time low TVL: $1,451 on Oct 3, 2024.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $2.17m |
| Sep 20, 2026 | $2.12m |
| Sep 21, 2026 | $2.13m |
| Sep 22, 2026 | $2.1m |
| Sep 23, 2026 | $2.1m |
| Sep 24, 2026 | $1.74m |
| Sep 25, 2026 | $1.52m |
| 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 |
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 18, 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 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) | $27,408 | $20,441 | $3,613 |
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 18, 2026, Parallel Protocol has $1.33m in total value locked. TVL has decreased 39.4% 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 49.9%.
How much has Parallel Protocol generated in fees and revenue?
Over the past 30 days, Parallel Protocol generated $47,168 in fees. Of that, $34,565 was protocol revenue. Based on the trailing year, the annualized rate is $873,512 in fees and $588,576 in revenue.
What is the PRL token price and valuation?
PRL is currently trading at $0.0028. Its circulating market capitalization is $1.28m, ranking it #3,204. Its fully diluted valuation is $1.28m. Supply currently stands at 451.27m circulating, 451.27m total supply, 1b maximum supply.
How has PRL performed recently?
PRL is down 8.9% over the past 7 days and up 34.1% over the past 30 days. Its all-time high is $0.43, reached on Oct 20, 2021. The token is currently 99.3% below that level.
How does Parallel Protocol's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Parallel Protocol ranks #37 by TVL. The category holds $7.802b across 198 protocols, and Parallel Protocol accounts for <0.1% of that total. Other leading 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 7.5%.
Does Parallel Protocol have a treasury?
Parallel Protocol has a tracked treasury currently valued at $160,206. Its holdings include $142,290 in stablecoins, $3.91 in major assets, $17,886 in its own tokens, $26.20 in other assets.