Ask about Parallel Super AppTotal Value Locked$105,971
TVL by Chain
Ethereum$105,971
Heiko$0
Parallel$0
Key Metrics
Active Loans$551,139
Total Raised$29m
Jun 14, 2021$2mRound: Pre-SeedInvestors: Pantera Capital, Polychain Capital, Lightspeed Venture Partners, Breyer Capital, 8 Decimal Capital, Hypersphere Ventures
Aug 30, 2021$22mRound: Series AInvestors: Polychain Capital, Lightspeed Venture Partners, Slow Ventures, Blockchain Capital, Alameda Research
Apr 5, 2022$5mRound: Strategic Investors: Coinbase Ventures, StarkWare, Section 32
Protocol Information
The Parallel Super App, deployed on the universal Layer 2 solution, Parallel, stands as an integrated platform merging Parallel Finance and ParaX products into a user-centric space. Offering a comprehensive range of DeFi functionalities spanning yield generation, lending, staking, trading, and more across diverse blockchain networks, the app confronts existing DeFi challenges. Leveraging Parallel's versatile Layer 2 infrastructure, it delivers benefits like gasless transactions, rapid processing, heightened security, and a seamless DeFi encounter. As an all-in-one solution, the app enables cross-margin NFT lending, staking, trading, and user-friendly features within its interface
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol