Ask about Parallel Super AppKey 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
Category:Lending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Competitors
Frequently Asked Questions
What is Parallel Super App?
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
What is Parallel Super App's TVL?
Parallel Super App currently has $101,167 in total value locked. TVL has decreased 4.3% 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%.
Which protocols are included in Parallel Super App?
Parallel Super App is a parent protocol whose tracked products include Parallel Staking and ParaSpace APE Staking V1.
How much has been borrowed through Parallel Super App?
Parallel Super App currently has $551,139 in active loans.