# Parallel

> Track Parallel with daily standardized on-chain data across 2 chains. Compare Parallel with other blockchains (L2). See charts and datasets in one place.

Source: [Parallel on Token Terminal](https://tokenterminal.com/explorer/projects/parallel-finance). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Blockchains (L2)
- Chains: ethereum, parallelfinance

## About

### What it is

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.

### Who uses it

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

### How it works

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

## Metrics

Token Terminal tracks these metrics for Parallel daily. Each page has a chart with the full history.

- [Bridge deposits](https://tokenterminal.com/explorer/projects/parallel-finance/metrics/bridge-deposits)
- [Core developers](https://tokenterminal.com/explorer/projects/parallel-finance/metrics/active-developers)
- [Code commits](https://tokenterminal.com/explorer/projects/parallel-finance/metrics/code-commits)

## Links

- [github](https://github.com/parallel-finance)
- [twitter](https://twitter.com/ParallelFi)
- [discord](https://discord.com/invite/rdjVz8zavF)
- [website](https://parallel.fi/)