The current price of Parcl is $0.36200. Since 00:00 UTC, Parcl has increased by +3.72%. It currently has a circulating supply of 222,943,545 PRCL and a maximum supply of 1,000,000,000 PRCL, giving it a fully diluted market cap of $80.79M. At present, the Parcl coin holds the 217 position in market cap rankings. The Parcl/USD price is updated in real-time.
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Parcl is a Solana-based decentralized trading platform focused on real estate and RWAs. Parcl allows users to place leveraged long and short trades on cities and neighborhoods across the world through its DApp. The project was founded in 2021 with the mission to create a liquid market in real estate, the world’s largest asset class.
How does Parcl work?
Parcl leverages a decentralized perpetual futures architecture to enable the trading of real estate markets globally. The protocol uses stable coins as collateral, which act as a margin facility for traders, who can use margin to obtain leverage in the system. The price feeds, which are the reference price for the tradable markets are produced by Parcl Labs, Parcl’s real estate data subsidiary.
Parcl price and tokenomics
The PRCL token utility is several-fold. First, is governance over the protocol, initially with respect to protocol risk parameters. The token will also be a gating mechanism for the Parcl Labs API - where users will be able to access world class real estate data by staking PRCL. PRCL will also be used for ongoing incentives. Parcl has a maximum supply of 1 billion tokens. Team and investors are vested over 3 years.
About the founder
Parcl has three co-founders. Trevor Bacon and Kellan Grenier worked together at several hedge funds focused on technology investment. Jason Lewris, who leads Parcl Labs was formerly at Microsoft.
Parcl highlights
Parcl is a leading novel protocol on Solana in terms of TVL and volume. The protocol has traded over 1.4 Bn in real estate volume over the last several months. The addressable market for Parcl is massive, estimated at nearly 10 Trillion, and Parcl is a pioneering platform in this RWA category
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.4K new posts about Parcl, driven by 214 contributors, and total online engagement reached 139K social interactions. The sentiment score for Parcl currently stands at 84%. Compared to all cryptocurrencies, post volume for Parcl currently ranks at 2439. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Parcl.
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Posts
1,446
Contributors
214
Interactions
138,811
Sentiment
84%
Volume rank
#2439
X
Posts
1,433
Interactions
138,586
Sentiment
85%
PRCL FAQ
What is Parcl (PRCL)?
Parcl is a novel perpetual futures DEX focused on real estate and other real-world assets (RWAs).
How does Parcl get its price feeds?
The Parcl Price feeds are produced by Parcl Labs, Parcl’s real estate data subsidiary.
What Blockchain is Parcl built on?
Parcl is built on the Solana blockchain platform.
How much is Parcl worth today?
Currently, one Parcl is worth $0.36200. For answers and insight into Parcl's price action, you're in the right place. Explore the latest Parcl charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Parcl, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Parcl have been created as well.
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