According to TechFlow, on July 4, the full-chain L2 network Parallel Network announced that the withdrawal function of ERC-20 tokens on Parallel L2 has been deployed. Users can now withdraw Parallel L2 assets to public chains such as Ethereum, Manta, Merlin Chain and Arbitrum One.
For ERC-20 assets (excluding ETH), users need to connect their wallets, select the asset and target chain to withdraw, and confirm the transaction. The withdrawal will be completed within 10 minutes. For ETH withdrawals, a 7-day redemption period is required, and all withdrawal operations require the payment of ETH as a fuel fee.
According to previous news, Parallel Network has enabled the withdrawal function of ETH on Parallel L2, and the withdrawal function of other ERC-20 tokens is also in the final deployment stage and is expected to be fully open later this week.
