Despite offering a transformative use case that simply isn’t possible through traditional financial or Web2 systems, $PRCL has underperformed since launch. However, unlike most crypto projects, which imitate existing financial mechanisms on-chain, Parcl introduces a radically new financial primitive—synthetic real estate trading via perpetual futures. Allowing users to hedge and speculate on real estate prices with live prices is a zero-to-one moment where the flexibility and efficiency of perps trading cannot be matched by traditional incumbents that still rely on the outdated and inaccurate Case-Shiller index. With an unmatched moat in both data and exchange capabilities, we believe that Parcl can eventually break through the current cycle of pseudo-innovation that has plagued DeFi.

Source: Kaito.ai – Even though the community expressed bullish sentiment prior to the token launch, the actual ending of the points season pointed out the challenges involved in dealing with airdrop farmers, resulting in a sudden decrease in mindshare followed by periods of negative sentiment.