Parallel Super App
Total Value Locked$1.14m
TVL by Chain
Ethereum$1.14m
Heiko$0
Parallel$0
Key Metrics
Borrowed$464,195
Total Raised$29m
Jun 14, 2021$2mRound: Pre-SeedInvestors: Pantera Capital, Polychain Capital, Lightspeed Venture Partners, Breyer Capital, 8 Decimal Capital, Hypersphere VenturesSource: https://www.coindesk.com/tech/2021/06/14/lending-startup-parallel-finance-raises-2m-to-bring-more-defi-to-polkadot-kusama/
Aug 30, 2021$22mRound: Series AInvestors: Polychain Capital, Lightspeed Venture Partners, Slow Ventures, Blockchain Capital, Alameda ResearchSource: https://www.coindesk.com/tech/2021/08/30/polkadots-parallel-finance-raises-22m-at-150m-valuation/
Apr 5, 2022$5mRound: Strategic Investors: Coinbase Ventures, StarkWare, Section 32Source: https://www.coindesk.com/business/2022/04/05/defi-super-app-parallel-finance-doubles-valuation-plans-up-to-60m-series-b/
Parallel Super App
Total Value Locked$1.14m
TVL by Chain
Ethereum$1.14m
Heiko$0
Parallel$0
Key Metrics
Borrowed$464,195
Total Raised$29m
Jun 14, 2021$2mRound: Pre-SeedInvestors: Pantera Capital, Polychain Capital, Lightspeed Venture Partners, Breyer Capital, 8 Decimal Capital, Hypersphere VenturesSource: https://www.coindesk.com/tech/2021/06/14/lending-startup-parallel-finance-raises-2m-to-bring-more-defi-to-polkadot-kusama/
Aug 30, 2021$22mRound: Series AInvestors: Polychain Capital, Lightspeed Venture Partners, Slow Ventures, Blockchain Capital, Alameda ResearchSource: https://www.coindesk.com/tech/2021/08/30/polkadots-parallel-finance-raises-22m-at-150m-valuation/
Apr 5, 2022$5mRound: Strategic Investors: Coinbase Ventures, StarkWare, Section 32Source: https://www.coindesk.com/business/2022/04/05/defi-super-app-parallel-finance-doubles-valuation-plans-up-to-60m-series-b/
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
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Development Activity
Updated at Mar 22, 2024
Weekly commits1
Monthly commits1
Weekly developers1
Monthly developers1
Last commit22/03/24 (a year ago)