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Parallel Finance

PARA

Parallel Finance operates as a layer 2 scaling solution on Ethereum, utilizing Arbitrum's Nitro stack to create an EVM-compatible Parallel Chain. This optimistic rollup network ensures faster and more cost-effective transactions, inheriting security features from Ethereum, and introduces innovations like gas fee sponsorship and a WebAssembly execution environment through Arbitrum Stylus.

RAISED

Raised Apr 2022
5000000
Strategic
Round valuation: 500000000
Details
Investors
Raised Aug 2021
22000000
Series A
Round valuation: 150000000
Details
Lead Investors
Investors
Raised Jun 2021
2000000
Seed
Round valuation: 40000000
Details
Investors