Total Value Locked$37.52m
TVL by Chain
Solana$37.52m
Key Metrics
Fees 30d$376,871
Fees 30d by chain
Solana$376,871
Fees 7d$63,873
Solana$63,873
Fees 24h$7,872
Solana$7,872
Cumulative Fees$5.1m
Solana$5.1m
Revenue 30d$170,463
Revenue 30d by chain
Solana$170,463
Revenue 7d$21,841
Solana$21,841
Revenue 24h$2,133
Solana$2,133
Cumulative Revenue$2.81m
Solana$2.81m
Total Raised$1.5m
Aug 7, 2025$1.5mRound: SeedInvestors: Robot Ventures, Solana Ventures, YTWO, Colosseum
Protocol Information
Hylo splits yield-bearing assets into two complementary products: hyUSD - a stable USD-denominated asset with access to sustainable yield, and xSOL - leveraged SOL exposure with zero liquidation risk and no funding costs. Users can deposit LSTs to mint either asset
Audits:
Methodology
TVL: TVL is the collateral (LSTs, cbBTC and USDC) held in the Hylo exchange program vaults backing hyUSD and xSOL. Vault addresses are derived on-chain from the program's LstHeader, ExoPair and UsdcPair accounts.View code on GitHubFees: Fees users pay to mint, redeem and swap hyUSD and levercoins (xSOL, xBTC), earn pool withdrawal fees, the staking yield and exo market borrow rate harvested from the collateral reserves, and the income of the Hylo validator.View code on GitHubRevenue: The portion kept by the protocol: all user-paid fees, the protocol's share of harvested yield and borrow rate, and Hylo validator income (block rewards, Jito tips, inflation commission).View code on GitHubCompetitors
Hylo Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 29, 2025 to Oct 27, 2026.
All-time high TVL: $69.47m on Nov 3, 2025. All-time low TVL: $8.45m on Jul 29, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $42.4m |
| Sep 29, 2026 | $41.32m |
| Sep 30, 2026 | $41.46m |
| Oct 1, 2026 | $42.17m |
| Oct 2, 2026 | $42.13m |
| Oct 3, 2026 | $42.29m |
| Oct 4, 2026 | $43.33m |
| Oct 5, 2026 | $43.93m |
| Oct 6, 2026 | $43.93m |
| Oct 7, 2026 | $43.77m |
| Oct 8, 2026 | $42.83m |
| Oct 9, 2026 | $40.48m |
| Oct 10, 2026 | $40.63m |
| Oct 11, 2026 | $40.94m |
| Oct 12, 2026 | $41.45m |
| Oct 13, 2026 | $39.13m |
| Oct 14, 2026 | $40.1m |
| Oct 15, 2026 | $39.98m |
| Oct 16, 2026 | $40.13m |
| Oct 17, 2026 | $39.56m |
| Oct 18, 2026 | $39.2m |
| Oct 19, 2026 | $39.35m |
| Oct 20, 2026 | $39.46m |
| Oct 21, 2026 | $39.94m |
| Oct 22, 2026 | $39.89m |
| Oct 23, 2026 | $38.55m |
| Oct 24, 2026 | $38m |
| Oct 25, 2026 | $38.07m |
| Oct 26, 2026 | $37.76m |
| Oct 27, 2026 | $37.66m |
TVL at each month end, Jul 2025 to Oct 2026
| Date | TVL |
|---|---|
| Jul 31, 2025 | $8.97m |
| Aug 31, 2025 | $24.2m |
| Sep 30, 2025 | $38.26m |
| Oct 31, 2025 | $65.41m |
| Nov 30, 2025 | $53.25m |
| Dec 31, 2025 | $51.51m |
| Jan 31, 2026 | $48.7m |
| Feb 28, 2026 | $23.72m |
| Mar 31, 2026 | $21.94m |
| Apr 30, 2026 | $20.64m |
| May 31, 2026 | $20.55m |
| Jun 30, 2026 | $16.58m |
| Jul 31, 2026 | $15.52m |
| Aug 31, 2026 | $27.93m |
| Sep 30, 2026 | $41.46m |
| Oct 27, 2026 (latest) | $37.66m |
Fees and revenue by UTC calendar month, Apr 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Apr 2025 | $949.33 | $7.74 |
| May 2025 | $4,761 | $239.58 |
| Jun 2025 | $6,498 | $676 |
| Jul 2025 | $43,958 | $21,853 |
| Aug 2025 | $322,250 | $237,773 |
| Sep 2025 | $426,098 | $269,658 |
| Oct 2025 | $709,262 | $478,522 |
| Nov 2025 | $554,829 | $276,710 |
| Dec 2025 | $405,414 | $167,493 |
| Jan 2026 | $425,940 | $151,277 |
| Feb 2026 | $362,493 | $248,516 |
| Mar 2026 | $211,928 | $99,998 |
| Apr 2026 | $174,738 | $81,155 |
| May 2026 | $175,361 | $77,440 |
| Jun 2026 | $170,063 | $102,205 |
| Jul 2026 | $147,048 | $79,098 |
| Aug 2026 | $197,694 | $113,502 |
| Sep 2026 | $452,578 | $267,855 |
| Oct 2026 (to date) | $303,659 | $135,044 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hylo-protocol
Frequently asked questions
What is Hylo Protocol's TVL?
As of Oct 27, 2026, Hylo Protocol has $37.52m in total value locked. TVL has decreased 10.9% over the past 30 days.
What chains does Hylo Protocol operate on?
Hylo Protocol operates on Solana. Solana holds the largest share at 100%.
How much has Hylo Protocol generated in fees and revenue?
Over the past 30 days, Hylo Protocol generated $376,871 in fees. Of that, $170,463 was protocol revenue. Based on the trailing year, the annualized rate is $3.75m in fees and $1.94m in revenue.
How does Hylo Protocol's TVL compare to similar protocols?
Among Dual-Token Stablecoin protocols tracked by DefiLlama, Hylo Protocol ranks #2 by TVL. The category holds $202.39m across 7 protocols, and Hylo Protocol accounts for 18.5% of that total. Similar protocols include fx Protocol, MoneyOnChain, RIF ON CHAIN, Djed Stablecoin, Ethereum Classic Stable Dollar, and DogeDollar.