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About Parallel Protocol
Parallel Protocol is a collateralized debt protocol deployed on Hyperliquid, Base, Ethereum and 4 other networks. At the latest BitOrgs refresh it secured about $1.3 million in total value locked. This profile covers all 2 deployments and versions of the protocol. The project lists published security audits, publishes code on GitHub and has a token (PRL). Official announcements are posted on X at @ParallelMoney.
1 Value locked from public DefiLlama data at the last refresh, 5 Nov 2026.
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Questions
- What is Parallel Protocol?
- Collateralized debt protocol across 7 chains. Parallel Protocol is filed under CDPs & Synthetics on BitOrgs.
- Which blockchains does Parallel Protocol support?
- Parallel Protocol supports Hyperliquid, Base, Ethereum, Avalanche, Sonic, Polygon and Fantom.
- Has BitOrgs verified Parallel Protocol?
- Not yet. This entry was compiled from public sources. If you represent Parallel Protocol, claim it to have it verified.
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