Parallel Finance


Finance

Parallel Finance Doubles Valuation in $5M Funding Round

The Polkadot-based lending platform is planning to raise up to another $60M this quarter.

Photo taken in Moscow, Russia

Tech

Parallel Finance Launches DeFi ‘Super App’ for Polkadot Crypto Ecosystem

The lending protocol, with $500 million in TVL, is making a play for market dominance.

An installation by Japanese artist Yayoi Kusama, after whom Polkadot's canary network is named. (Suhaimi Abdullah/Getty Images)

Videos

Polkadot Parachains Go Live, Capping Yearslong Tech Build for Ambitious Blockchain Project

After several years in development, Polkadot, an underlying framework for connecting various blockchains, now has five live parachains, or “parallelized chains”: Acala, Moonbeam, Parallel Finance, Astar, and Clover. Polkadot will ultimately offer 100 parachain slots. “The Hash” team discusses where this update puts Polkadot in the layer 1 blockchain conversation as it competes with Ethereum.

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