How Parcl’s Housing Indexes Power Onchain Market Settlement

[cryptobro]

Parcl was founded during the early months of the COVID-19 pandemic, when housing market volatility highlighted the lack of real-time, standardized price data. Today, the platform publishes daily housing price indexes and analytics, with onchain products that allow users to gain exposure to residential real estate trends.

Those indexes now form the backbone of Polymarket’s new real estate contracts, creating a transparent and standardized reference for market outcomes. Parcl operates on Solana, and news of the partnership helped push its native token PRCL up roughly 120% in 24 hours, according to CoinGecko.

[cryptoenthusiast]

parcl pumping 120% off an actual use case is refreshing ngl