Logo of Parallel Super AppParallel Super App
Total Value Locked$40,897

TVL by Chain

Ethereum$40,897

Key Metrics

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: StrategicInvestors: 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

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Categories:LendingYield
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Competitors

Aave V3 ($17.449b)Morpho Blue ($9.463b)SparkLend ($4.607b)Maple ($2.94b)Compound V3 ($1.425b)Venus Core Pool ($1.277b)Lista Lending ($852.74m)Fluid Lending ($742.49m)Euler V2 ($368.02m)Aave V4 ($352.82m)

Frequently Asked Questions

What is Parallel Super App's TVL?

Parallel Super App currently has $40,897 in total value locked. TVL has decreased 4.9% over the past 30 days.

What chains does Parallel Super App operate on?

Parallel Super App operates on 3 chains: Heiko, Parallel, and Ethereum. Ethereum holds the largest share at 100%.

How does Parallel Super App's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Parallel Super App ranks #516 by TVL. The category holds $49.636b across 516 protocols, and Parallel Super App accounts for 0% of that total. Other leading protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Fluid Lending, Euler V2, and Aave V4.