Parrot Price

Parrot is a cryptocurrency that operates on the Solana blockchain platform. It serves as the native token for the Parrot Protocol, a liquidity network for lending and borrowing on Solana. Parrot functions as both a governance and utility token within the ecosystem. Key features of Parrot: 1. Current price: $0.00009674 2. Market cap: $304.73K 3. 24-hour trading volume: $21.25K 4. Circulating supply: 3.15B PRT 5. Total supply: 2.23B PRT 6. All-time high: $0.03383 (reached on September 20, 2021) 7. All-time low: $0.00002513 (reached on February 27, 2025) Parrot holders can participate in governance decisions and contribute to the development of the Parrot platform. The token is used for various functions within the ecosystem, including providing liquidity, staking, and accessing platform services. The Parrot Protocol offers a suite of DeFi products, including: - PAI stablecoin - Synthetic BTC (pBTC) - Parrot staking pool tokens (prtSOL) - Synthetic SOL (pSOL) - EARN vaults for generating yield on deposited collateral As of 2025-08-23, Parrot ranks 4089 among all cryptocurrencies by market capitalization. The project aims to continue expanding its offerings and user base in the coming years.

Parrot was created on September 16, 2021. The cryptocurrency was launched on the Solana blockchain platform as a governance and utility token for the Parrot Protocol, a liquidity network for lending on Solana. Since its creation, PRT has played a key role in maintaining and driving the development of the Parrot platform, which offers various DeFi products including stablecoins, synthetic assets, and yield-generating vaults.

The founders of Parrot (PRT) are not publicly disclosed. Parrot was launched as a decentralized protocol on the Solana blockchain in September 2021. The project aims to provide lending and liquidity services in the DeFi ecosystem. While the founding team remains anonymous, Parrot has gained traction since its launch, with its total value locked (TVL) growing to $150 million as of 2025-08-23. The PRT token serves as both a governance and utility token for the protocol, allowing holders to participate in the platform's development and decision-making processes.

Parrot operates as a decentralized liquidity network for lending on the Solana blockchain. Here's how it works: 1. Users can deposit assets as collateral to borrow other assets or mint synthetic assets. 2. The platform offers various DeFi products including: - PAI stablecoin - Synthetic BTC (pBTC) - Parrot staking pool tokens (prtSOL) - Synthetic SOL (pSOL) - EARN vaults where deposited collateral generates yield 3. The native PRT token serves as both a governance and utility token for the protocol. 4. PRT holders can participate in governance decisions and help shape the platform's future. 5. The total supply of PRT is capped at 21B PRT, with 3.15B PRT currently in circulation. 6. PRT can be traded on decentralized exchanges built on Solana. 7. The protocol's TVL (Total Value Locked) has grown significantly since its mainnet launch, reaching $150 million. 8. Parrot aims to provide efficient lending and borrowing services while leveraging Solana's high speed and low costs. The current price of PRT is $0.00009674, with a 24-hour trading volume of $21.25K. The market cap stands at $304.73K.

Parrot utilizes a multi-layered technical architecture built on the Solana blockchain. Key components include: 1. Smart Contracts: Deployed on Solana for core protocol functions like lending, borrowing, and liquidity provision. 2. Synthetic Assets: Parrot creates synthetic versions of assets like BTC and SOL. 3. Liquidity Pools: Facilitate lending and borrowing of assets. 4. Governance Module: Allows PRT token holders to participate in protocol decisions. 5. Yield Optimization: EARN vaults automatically allocate deposited collateral to generate yields. 6. Cross-Chain Bridges: Enable interoperability with other blockchain networks. 7. Oracle Integration: Provides real-time price feeds for accurate asset valuation. 8. Security Measures: Includes multi-sig wallets and time-locks for protocol upgrades. This architecture allows Parrot to offer a comprehensive DeFi ecosystem on Solana, supporting lending, borrowing, synthetic assets, and yield generation with high scalability and low transaction costs.

The future and roadmap of Parrot (PRT) look promising. The project aims to expand its DeFi ecosystem on Solana, focusing on enhancing its lending and liquidity network. Key milestones include: 2025: Improving the stability and efficiency of existing products like PAI stablecoin, synthetic BTC (pBTC), and EARN vaults. 2026: Launching new synthetic assets and expanding cross-chain capabilities to increase interoperability. 2027: Implementing advanced governance features to give PRT token holders more control over the protocol's development. 2030: Scaling the platform to accommodate increased user adoption and transaction volumes, potentially reaching a market cap of $0.0001741. Long-term vision (by 2035): Establishing Parrot as a leading DeFi platform on Solana, with a diverse range of financial products and services. The team is committed to continuous innovation, security enhancements, and community engagement to drive the project's growth. As the Solana ecosystem expands, Parrot is well-positioned to capture a significant market share in the DeFi space.