Parallel Protocol V3 (PRL)
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
Total Value Locked
$2.07M
30d Change
-3.2%
Category
CDP
5 chains
TVL — last 180 days
TVL by chain
| Chain | TVL | Share |
|---|---|---|
| Ethereum | $836.84K | 40.5% |
| Avalanche | $591.67K | 28.6% |
| Hyperliquid L1 | $561.96K | 27.2% |
| Base | $77.58K | 3.8% |
About Parallel Protocol V3
Parallel Protocol V3 is a cdp protocol deployed across 5 chains, led by Ethereum, Base, Sonic. Total value locked measures the assets currently deposited in its smart contracts — see our TVL definition for how to interpret it. Compare Parallel Protocol V3 against the wider market on the live protocol rankings, or explore current yields across DeFi.
Official website: https://parallel.best/