Parallel batches users' transactions and submits them to Ethereum, paying a share of the transaction fees to Ethereum validators (expense).

Parallel is an L2 smart contract platform for decentralized applications, powered by Arbitrum's Nitro stack. Parallel Finance was founded by Yubo Ruan and initially launched as a DeFi application on Polkadot in 2021.

Parallel team & investors own and govern the protocol. Parallel's investors include Blockchain Capital, Polychain Capital, Coinbase Ventures, etc.