About Parrot Protocol
Parrot Protocol (PRT) is a cryptocurrency and operates on the Solana platform. Parrot Protocol has a current supply of 0. The last known price of Parrot Protocol is 0.00013848 USD and is up 0.61 over the last 24 hours. It is currently trading on 16 active market(s) with $118,274.95 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
Not enough data
FDV
ARS 5.23B
Circ. Supply
Not enough data
Max Supply
21B PRT
Total Supply
2.2B PRT
Total Value Locked
ARS 13.87B
Diluted Valuation
ARS 505.77M
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
ARS 133.49M
-2.5%
Volume (7D)
ARS 841.60M
Volume (30D)
ARS 3.88B
All time high
ARS 17.45
Price Change (1Y)
-6.3%
Additional info about Parrot Protocol
Recent trends
The latest PRT price is ARS 0.26. Compared to Parrot Protocol's value of ARS 0.21 from 24 hours ago, there's been a 19% increase, while the current price is 90% up from ARS 0.13 which was recorded one week ago. Parrot Protocol's all time high is ARS 17.45, which was reached on November 8, 2021. This is a -99% change from its price today.
The fully diluted valuation of Parrot Protocol is ARS 5.23B. The diluted valuation of Parrot Protocol is ARS 5.23B.
Market details
PRT vs markets
↘ 33.4%
PRT vs BTC
↘ 41.63%
PRT vs ETH
↗ 18.58%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Solana | PRT88RkA4Kg5z7pKnezeNH4mafTvtQdfFgpQTGRjz44 |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 0.26 | ↗ 19.16% |
1 Day | ARS 0.21 | ↗ 19.16% |
1 Week | ARS 0.13 | ↗ 90.20% |
1 Month | ARS 0.10 | ↗ 136.52% |
1 Year | ARS 0.13 | ↘ 6.30% |
FAQ
Parrot Protocol is a DeFi network developed on Solana, including the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM (Virtual Automated Market Makers). Virtual Automated market makers (vAMM) solve the limitations of AMM by radically expanding the application space of AMMs and enabling perpetual contracts.
The Parrot protocol aims to make value locked in DeFi systems accessible. As per its research, billions of dollars of value are currently locked in hundreds of DeFi systems, which are converted into yield generating tokens, like Uniswap LP tokens or the AAVE yield-bearing tokens. As LP tokens, their value is locked in DeFi, which is inaccessible because their unit of account is unsuitable for human consumption.
As a solution to this problem, Parrot Protocol was created to make value locked in LP tokens accessible by creating a liquidity and lending network collateralized by these LP tokens. The planning for the solution includes:
Parrot claims to support USDC and USDT deposits, and users can generate 100 PAI for every 105 USDC (or USDT) collateral. The Parrot protocol collects fees from the services and uses them to buy PRT on the open market and cycle back them as protocol incentives. PRT is the governance token of Party Parrot, which is majorly used to incentivize the users and attract them to the platform. PRT token is also used to incentivize an insurance pool, which may backstop any shortfall in the lending market. The fees are received through three main sources:
The total supply of PRT tokens is 1,000,000,000.
We update our Parrot Protocol to ARS currency in real-time. Get the live price of Parrot Protocol on Coinbase.
The current market cap of Parrot Protocol is ARS 0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Parrot Protocol is ARS 17.45. This all-time high is highest price paid for Parrot Protocol since it was launched.
Over the last 24 hours, the trading volume of Parrot Protocol is ARS 133.49M.
Assets that have a similar market cap to Parrot Protocol include Derp, Kinetix Finance Token, Stella Fantasy, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Parrot Protocol is 0.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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