Parrot (PRT)
1. Fundamental Analysis
1.1 Introduce
Parrot is a liquidity network for borrowing and lending on solana. Since its mainnet launch in June, it has grown to 400M in TVL, offering a suite of DeFi products. Today billions of dollars of value are locked in hundreds of DeFi systems, and converted into different yield generating tokens, such as the Uniswap LP tokens, or the AAVE interest bearing tokens. There aren’t many use cases available for these LP tokens. The value locked in DeFi as LP tokens are inaccessible, because their risks are opaque, and their units of account unsuitable for human consumption. The Parrot Protocol is setting out to make value locked in LP tokens accessible, by creating a liquidity & lending network collateralized by these LP tokens.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | PRT | Market Cap | 199080 |
| Name | Parrot | White Paper | -- |
| Web Site | https://parrot.fi | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.solana.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 21000000000 | |
| Supply | 21000000000 | Release Date | 2021-09-18 |
| Available Supply | 3150000000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 6.32e-05 | 6.32e-05 | 6.32e-05 | 6.32e-05 | 0.0 |
| 2024-12-31 | 6.16e-05 | 6.32e-05 | 6.16e-05 | 6.32e-05 | 9.1416653 |
| 2024-12-30 | 7.03e-05 | 7.7e-05 | 5.06e-05 | 6.08e-05 | 131.52146535 |
| 2024-12-29 | 5.9e-05 | 7.76e-05 | 5.9e-05 | 6.61e-05 | 165.1753174 |
| 2024-12-28 | 5.87e-05 | 6.6e-05 | 5.87e-05 | 5.92e-05 | 52.9825073 |
| 2024-12-27 | 6.6e-05 | 6.6e-05 | 6.32e-05 | 6.32e-05 | 86.2374284 |
| 2024-12-26 | 6.6e-05 | 6.6e-05 | 5.99e-05 | 6.1e-05 | 59.1951559 |
| 2024-12-25 | 7.56e-05 | 7.74e-05 | 6.6e-05 | 6.7e-05 | 172.0489992 |
| 2024-12-24 | 6.95e-05 | 7.7e-05 | 6.95e-05 | 6.96e-05 | 14.6584587 |
| 2024-12-23 | 8.02e-05 | 8.14e-05 | 6.5e-05 | 7.31e-05 | 279.6971715 |
| 2024-12-22 | 8.14e-05 | 8.14e-05 | 8.14e-05 | 8.14e-05 | 0.0 |
| 2024-12-21 | 8.14e-05 | 8.14e-05 | 8.14e-05 | 8.14e-05 | 0.0 |
| 2024-12-20 | 8.14e-05 | 8.14e-05 | 6.66e-05 | 8.14e-05 | 197.1374839 |
| 2024-12-19 | 8.67e-05 | 9.03e-05 | 7.88e-05 | 8.14e-05 | 107.7945738 |
| 2024-12-18 | 8.42e-05 | 8.42e-05 | 8.03e-05 | 8.03e-05 | 16.5403845 |
| 2024-12-17 | 8.55e-05 | 8.55e-05 | 8.55e-05 | 8.55e-05 | 14.1619635 |
| 2024-12-16 | 9.02e-05 | 9.02e-05 | 8.14e-05 | 8.99e-05 | 26.5855853 |
| 2024-12-15 | 8.04e-05 | 9.07e-05 | 8.03e-05 | 8.18e-05 | 77.5262076 |
| 2024-12-14 | 8.57e-05 | 8.57e-05 | 8.21e-05 | 8.21e-05 | 18.6595249 |
| 2024-12-13 | 8.53e-05 | 8.53e-05 | 8.53e-05 | 8.53e-05 | 6.2696353 |
| 2024-12-12 | 8.97e-05 | 8.97e-05 | 8.97e-05 | 8.97e-05 | 1.1899602 |
| 2024-12-11 | 8.51e-05 | 9.07e-05 | 8.14e-05 | 8.14e-05 | 22.0880526 |
| 2024-12-10 | 8.9e-05 | 8.9e-05 | 7.31e-05 | 7.88e-05 | 188.1020913 |
| 2024-12-09 | 8.89e-05 | 8.9e-05 | 8.14e-05 | 8.7e-05 | 79.7470385 |
| 2024-12-08 | 8.41e-05 | 9.08e-05 | 8.15e-05 | 9.08e-05 | 12.0205421 |
| 2024-12-07 | 9e-05 | 9.5e-05 | 7.79e-05 | 9.03e-05 | 328.6120975 |
| 2024-12-06 | 8.9e-05 | 9e-05 | 8.9e-05 | 9e-05 | 49.838019 |
| 2024-12-05 | 9e-05 | 9e-05 | 8.14e-05 | 8.9e-05 | 230.5373944 |
| 2024-12-04 | 8.97e-05 | 9.05e-05 | 8.97e-05 | 9.05e-05 | 12.3746024 |
| 2024-12-03 | 8.87e-05 | 8.97e-05 | 8.5e-05 | 8.97e-05 | 135.8408779 |
2.2 Analysis
The recent price action shows a period of consolidation following a prior upward trend. While there was a notable drop in mid-December, prices have since recovered and show signs of potential upward momentum in the near term. However, significant resistance levels remain, and sustained upward movement requires confirmation of increased volume and price breakthroughs above these levels. Further observation is necessary before concluding a definitive long-term trend. Short-term volatility is anticipated.
