This paper presents a 3.125-to-28.125 Gb/s dual-lane multi-standard parallel transceiver supporting channel-independent operation. Network equipment supports multiple data rates to encompass diversified communication standards. However, network equipment supports only a fixed number of channels at each supported data rate. This lack of flexibility limits the utilization rate of the network equipment. This study proposes a clock and data recovery (CDR) IC to obtain utilization flexibility and scalability in each channel with complete channel independency. The CDR IC achieves a wide tuning capability for data rates ranging from 3.125 to 28.125 Gb/s with low clock jitter owing to the use of injection-locked oscillators in each channel. Each CDR lane generates a channel-independent injection clock signal with a fixed-frequency global clock signal using a variable clock divider and a phase rotator with the proposed harmonic distortion compensator. In addition, a frequency tracking loop is proposed using a bang-bang phase detector-based natural frequency detector to align the natural frequency of the injection-locked oscillator with the input data rate, thereby suppressing the injection spur. The test chip fabricated in a 40 nm CMOS exhibits a power efficiency of 4.72 mW/Gb/s, while generating a recovered clock jitter of 976 fs(rms) at a data rate of 25.78125 Gb/s.