Parallel Protocol PRL

Revenue fading

Revenue −46% over 30 days.

CDP, Ethereum, Polygon, Hyperliquid L1 +2, 193 days of data

Not in the main ranking: Not scored

Market cap

$1.3M

price $0.00282 · 7d +4.5% · 30d −7.8%

FDV $1.3M (1.0× market cap)

source defillama

Buyback revenue / year

$77k

holders revenue of the last 30 days, $6k, × 365 ÷ 30

Buyback + burnbuyback share 34%

Buys back 6.1% of its market cap a year, using 34¢ of every $1 it earns.

Multiple

16.3×

peer median 27.4× (Lending, 5 tokens), against 16.3× here

Run-rate

16.5×

last 7 days $1k × 52 = $76k a year

last week's payout in line with the 30-day pace

What we checked

Valuation
Multiple 16.3×, 1.7× cheaper than its Lending peers (median 27.4×, 5 tokens). It is itself the largest earner in the group. On total revenue: 5.5×, 2.6× cheaper than the revenue peer median.
Distribution
Buyback + burn: Revenue buys the token on the market and the bought tokens are burned. Holders got $6k of $19k revenue in 30 days → buyback share 34%. DefiLlama: “The Treasury's PRL buybacks are not counted here.”
Sustainability
Holders were paid on 30 of 30 days (100%); largest single day 3% of the month's holders revenue; paid to holders this week: 92% of the best week in 90 days. Revenue −1% over 7 days and −46% over 30 days, price −8% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

Paid out above feesholders got $6k in 30 days, more than the −$107k in fees

How the buyback really works

Not researched yet. Everything above comes from DefiLlama and market data only.

Holders revenue / revenue (30d): $6k / $19k; last 30 closed days
To holders: Buys back 6.1% of its market cap a year
FDV / dilution: $1.3M / 1.0×; FDV ÷ market cap
Price 7d / 30d: +4.5% / −7.8%
Revenue growth 7d / 30d: −1% / −46%; versus the period before
Divergence: 0.00; revenue growth minus price growth, 30d
DEX liquidity: —; trades mainly on exchanges
24h volume: $0; all markets, CoinGecko
Unlocks 30d: —; no unlock schedule for this token
Revenue multiple: 5.5×; market cap ÷ revenue per year
Fee multiple: ∞; market cap ÷ fees per year
Distance to peak: 92%; this week ÷ best week of 90 days
Data since: May 4; first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)

Multiple over time

today 16.3× (scored) · peer median 27.4×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

No signals for this token yet.

Versus peers

Lending (merged group) · 1 tokens · median multiple 27.4×

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
Token	Distribution	Multiple	Revenue multiple	Buyback share	To holders 30d	Market cap	Rev. growth 30d
Parallel Protocolleaderthis token	Buyback + burn	16.3×	5.5×	34%	$6k	$1.3M	−46%

Score build-up46 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

46of 100

Valuation 25.3Momentum 10.2Divergence 0.0Quality 20.0penalties −10= 45.5

Valuation35%

72Valuation 72.2: HR half 51.7 (multiple 16.29×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 92.7 (revenue peer value 2.55×; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.

Momentum25%

41Momentum 40.9: m = 0.5·g7 −0.007 + 0.3·(ln(day jump 1.00) clamped ±1.5 = −0.002) + 0.2·g30 −0.615 = −0.127; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.

Divergence20%

0Divergence 0.0: d = g30 − p30 = 0.000; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.

Quality20%

100Quality 100.0: mean of days HR>0 100% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 3% of HR30 → 100.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.92 → 100.0 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).

Penalty −10 (low_liquidity): DEX liquidity $167k below $250k and 24h volume $1k below $1.00M.

Penalties−10

−10Liquidity below $250k (dex) or 24h volume below $1M (cex)DEX liquidity $167k below $250k and 24h volume $1k below $1.00M

9 rules not applied, 3 wait for research data.

Where the numbers come from

Revenue source: 2 active children; DefiLlama adapter per child
Price and market cap: coingecko / defillama; latest fetch
Scored on: November 10, 2026; as-of date of the last compute run
On-chain verified: not yet; not checked yet

Protocols behind this token2 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

Parallel Protocol V3
CDP · Hyperliquid L1, Ethereum, Base, Avalanche
type mixed · source text
“The Treasury's PRL buybacks are not counted here.”
None: the surplus share kept by the protocol goes to the DAO Treasury. The Treasury's PRL buybacks are not counted here. Those funded by the PRL holders' share of Parallel V2 fees under PGP-42 are counted at that fee source, in Parallel V2's holders revenue; the others are paid from the Treasury's holdings (the PGP-40 monthly allocation, the PGP-45 OTC buyback).
adapter on GitHub ↗
Parallel Protocol V2
CDP · Ethereum, Polygon
type buyback-burn · source label
“Token Buy Back: 15% of the fees sent to the DAO Treasury under PGP-42, from 25 May to 31 August 2026, to buy PRL back and burn it.”
The 15% of the fees for PRL holders since 1 May 2025, 0 before, measured at the fee source as that share of the day's fees. It is passed on to PRL stakers (sPRL1, sPRL2) through the RewardMerkleDistributor, and read from the FeeDistributor's payees. Under PGP-42, from 25 May to 31 August 2026, the DAO Treasury received that 15% to buy PRL back and burn it: a buyback funded by the fees, counted here at the fee source. September 2026, paid to PRL stakers by hand by the DAO Treasury on 1 October 2026, counts as staking rewards. The buybacks the DAO Treasury pays from its own holdings are not counted.
Token Buy Back
15% of the fees sent to the DAO Treasury under PGP-42, from 25 May to 31 August 2026, to buy PRL back and burn it. Counted at the fee source; the buybacks the Treasury pays from its own holdings are not counted.
Staking Rewards
15% of the fees passed on to PRL stakers through the RewardMerkleDistributor, from 1 May 2025 to 24 May 2026 and since 1 October 2026, plus September 2026, which the DAO Treasury paid to them by hand on 1 October 2026.
adapter on GitHub ↗