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    Parallel
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Parallel - Logo

Parallel

Basic
Blockchains (L2)
Price
N/A
Chains
Ethereum - Logo
1 chain

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What is Parallel?

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.

How does Parallel work?

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

Who governs Parallel?

Parallel team & investors own and govern the protocol. Parallel's investors include Blockchain Capital, Polychain Capital, Coinbase Ventures, etc.
ExpenseL1 validators' share of fees$80L1 validatorsRevenueParallel Finance's share of fees$100Connects L1 validators and usersFeesTransaction fees$100Users
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.

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