Ask about Parallel Protocol · freeTotal Value Locked$1.39m
TVL by Chain
Ethereum$704,360
Hyperliquid L1$369,672
Base$162,695
Avalanche$110,981
Polygon$40,639
Fantom$104
Sonic$0
Key Metrics
Fees 30d-$106,317
Fees 30d by chain
Ethereum$41,902
Hyperliquid L1$1,752
Base$705.46
Avalanche$404.86
Polygon$133.95
Fees 7d-$141,441
Ethereum$8,773
Hyperliquid L1$409.56
Base$227.92
Avalanche$73.33
Polygon$31.23
Fees 24h$1,751
Ethereum$1,491
Base$136
Hyperliquid L1$112
Avalanche$7.76
Polygon$4.47
Cumulative Fees$754,723
Ethereum$735,133
Avalanche$113,572
Hyperliquid L1$35,200
Polygon$26,532
Base$12,358
Revenue 30d$19,011
Revenue 30d by chain
Ethereum$32,739
Hyperliquid L1$175.36
Polygon$107.16
Base$70.87
Avalanche$40.58
Revenue 7d-$7,214
Ethereum$6,796
Hyperliquid L1$41.28
Polygon$24.97
Base$23.20
Avalanche$7.34
Revenue 24h$1,165
Ethereum$1,135
Base$13.98
Hyperliquid L1$11.03
Polygon$3.57
Avalanche$0.78
Cumulative Revenue$598,102
Ethereum$577,781
Polygon$21,229
Avalanche$10,307
Hyperliquid L1$3,295
Base$1,173
Holders Revenue 30d$6,178
Holders Revenue 30d by chain
Ethereum$6,163
Polygon$19.14
Avalanche$0
Base$0
Hyperliquid L1$0
Holders Revenue 7d$1,486
Ethereum$1,482
Polygon$4.70
Avalanche$0
Base$0
Hyperliquid L1$0
Holders Revenue 24h$212
Ethereum$211
Polygon$0.67
Avalanche$0
Base$0
Hyperliquid L1$0
Cumulative Holders Revenue$112,434
Ethereum$108,460
Polygon$3,963
Hyperliquid L1$10.58
Avalanche$10.46
Base$5.06
Market Cap$1.23m
$PRL Price$0.0027
Fully Diluted Valuation$1.23m
$PRL Volume 24h$2,213
CEX Volume$0
DEX Volume$2,212(99.96% of total)
Treasury$225,881
Majors$7.25
Stablecoins$208,432
Own Tokens$17,410
Others$32.80
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 27, 2026.
All-time high TVL: $59.96m on May 12, 2021. All-time low TVL: $1,451 on Oct 3, 2024.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 26, 2026 | $1.38m |
| Oct 27, 2026 | $1.39m |
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 27, 2026 (latest) | $1.39m |
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) | -$111,105 | $15,499 | $5,523 |
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 27, 2026, Parallel Protocol has $1.39m in total value locked. TVL has decreased 8.5% 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 50.7%.
How much has Parallel Protocol generated in fees and revenue?
Over the past 30 days, Parallel Protocol generated -$106,317 in fees. Of that, $19,011 was protocol revenue. Based on the trailing year, the annualized rate is $712,887 in fees and $566,226 in revenue.
What is the PRL token price and valuation?
PRL is currently trading at $0.0027. Its circulating market capitalization is $1.22m, ranking it #3,214. Its fully diluted valuation is $1.22m. Supply currently stands at 447.63m circulating, 447.63m total supply, 1b maximum supply.
How has PRL performed recently?
PRL is down 5% over the past 7 days and up 0.7% 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 #35 by TVL. The category holds $7.382b 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 $225,881. Its holdings include $208,432 in stablecoins, $7.25 in major assets, $17,410 in its own tokens, $32.80 in other assets.