For a chain, the shape approximates a catenary, but not exactly because each link is rigid and cannot have continuous curvature.
The defining property of a catenary is that for any segment the total vertical load must balance with the weight of the segment.
$${\rm d}V = w \,{\rm d}s = w \sqrt{1 + (y')^2} {\rm d}x$$
Here $V$ is the vertical load, $w$ is the weight per length, ${\rm d}s$ is a small segment length, and $y(x)$ is the shape. Also $H$ is the fixed horizontal component of tension.
Since the tension must be tangent to the curve $y' = V/H$ or
$$ y'' = \frac{1}{H} \frac{{\rm d}}{{\rm d}x} V = \frac{w}{H} \sqrt{1+(y')^2}$$
with solution
$$ y' = \sinh \left( \tfrac{x-x_0}{a} \right) $$ where $a=H/w$.
The shape is found by integrating the above as
$$ y = y_0 + a \left( \cosh \left( \tfrac{x-x_0}{a} \right) - 1 \right) $$
Now consider a span $S$ and a cable hanging about two equal height points along the span.
This makes the mid-point sag equal to $$ D = a \left( \cosh \left( \frac{S}{2 a} \right) - 1 \right) $$
The length of the cable is
$$ L = 2 a \sinh\left( \frac{S}{2 a} \right) $$
From the tangency constraint, the vertical tension is $V = H y'$ or
$$ V = a w \sinh\left( \frac{S}{2 a} \right) $$
This vertical tension is exactly half the total weight of the cable $$V = \tfrac{1}{2} w L$$, or each tower supports half the cable.
If the shape wasn't a catenary, but a parabola, the above fact would not be true.
For a parabola, the vertical load is slightly less than the total weight of the cable.
$$ V_{\rm para} =\left( 1 - \tfrac{S^2}{6 a^2} \right) \left( \tfrac{1}{2} w L \right)$$
Now the total support of the towers is less than the weight of the cable, which means the parabola cannot be the final resting shape of the cable.