Parallel Finance
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.
Overview
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.
- Sector
- # Other
- Ecosystem
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Team
Team information has not been disclosed.
Funding history
3 disclosed rounds- Strategic
5,000,000 USD
- Series A
22,000,000 USD
- Seed
2,000,000 USD
Related news
Market updates
Acala and Karura propose shutdown referendums, with chains set to stop on February 10, 2027 Blockchain halt
BlockBeats reports that Acala and Karura have each launched shutdown referendums. If approved, the chains plan to stop producing blocks on February 10, 2027, and users must withdraw assets by different deadlines.
People updates
No related people updates.