Details about Parallel Finance cryptocurrency
€115
0
Unknown
https://parallel.fi/
@ParallelFi
Parallel Finance price charts
PARA exchanges
Parallel Finance, the crypto
Parallel Finance (PARA) is a decentralized finance (DeFi) platform built on the Polkadot network. It aims to provide an interoperable, scalable, and secure DeFi infrastructure that can bring decentralized financial services to a wider audience.
The point
The main point of Parallel Finance (PARA) is to provide an open-source DeFi infrastructure that can support a variety of financial applications, including decentralized exchanges (DEXs), lending and borrowing protocols, stablecoins, and more. It also aims to address the scalability and interoperability issues faced by existing DeFi platforms by leveraging the Polkadot network's sharding and cross-chain interoperability features.
The problem
Parallel Finance (PARA) tries to solve the scalability and interoperability issues that are currently hindering the growth and adoption of DeFi. By leveraging the Polkadot network, it aims to provide a highly scalable and interoperable DeFi infrastructure that can support a wide range of financial applications and bring decentralized financial services to a wider audience.
Compare PARA and BTC performance
| Timeframe | PARA | BTC |
|---|---|---|
| 1h change | 0 % | -0.234911 % |
| 24h change | 0 % | 1.25967 % |
| 7 day change | 0 % | -1.44157 % |
| 14 day change | 1.46 % | -9.47799 % |
| 30 day change | -38.21 % | -7.33786 % |
| 200 day change | -17.22 % | 129.168 % |
| Year change | -63.19 % | 129.33 % |