A four-parallel 10-Gb/s referenceless-and-masterless phase rotator-based transceiver is presented. Entire lanes operate independently just like the conventional voltage-controlled-oscillator-based parallel referenceless designs while saving power and area. The measured recovered-clock jitter in each lane is 1.24 psrms and the transceiver surpasses the OC-192 jitter-tolerance specification. The power efficiency of the proposed parallel transceiver fabricated in a 90-nm CMOS process is 6.325 mW/(Gb/s).