Parallel Protocol V3
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
TVL history
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TVL by chain
Key facts
- Category
- CDP
- Chains
- 5
- Token
- PRL
- Oracles
- DIA
- Audits
- 2
- Listed
- Jul 2025
Similar CDP protocols
How this TVL is counted
TVL is retrieved on-chain by getting the total assets managed by the Parallelizer contracts
Frequently asked questions
What is Parallel Protocol V3’s TVL?
Parallel Protocol V3 has $877.01K in total value locked, -3.44% over the last 7 days. TVL is the value of the crypto locked in its smart contracts.
Which chains is Parallel Protocol V3 on?
Parallel Protocol V3 runs on 5 chains; the most value sits on Hyperliquid L1 ($341.56K).
What kind of protocol is Parallel Protocol V3?
Parallel Protocol V3 is listed under CDP, where it ranks #40 by TVL.
Data aggregated from public third-party market sources. For informational purposes only — not investment advice.