Ask about R25 · freeProtocol Information
R25 builds RWA vault infrastructure that enables automated and curated on-chain yield strategies
Sub Category: Money Market Funds
Methodology
TVL: TVL represents the total value of assets held within the vault. Each vault token is minted using USDC and appreciates in line with the performance of the underlying asset. On Sui, TVL is rcUSD locked in the rcUSDp staking vault, valued at the rcUSD face value of 1 USD.View code on GitHubCompetitors
R25 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 29, 2026 to Oct 27, 2026.
All-time high TVL: $191.3m on Oct 27, 2026. All-time low TVL: $39.75m on Apr 29, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $134.45m |
| Sep 29, 2026 | $133.75m |
| Sep 30, 2026 | $133.79m |
| Oct 1, 2026 | $133.97m |
| Oct 2, 2026 | $134.02m |
| Oct 3, 2026 | $133.73m |
| Oct 4, 2026 | $133.78m |
| Oct 5, 2026 | $133.81m |
| Oct 6, 2026 | $133.86m |
| Oct 7, 2026 | $133.88m |
| Oct 8, 2026 | $133.86m |
| Oct 9, 2026 | $143.29m |
| Oct 10, 2026 | $143.36m |
| Oct 11, 2026 | $143.48m |
| Oct 12, 2026 | $143.52m |
| Oct 13, 2026 | $145.14m |
| Oct 14, 2026 | $154.34m |
| Oct 15, 2026 | $157.42m |
| Oct 16, 2026 | $158.49m |
| Oct 17, 2026 | $168.77m |
| Oct 18, 2026 | $169.84m |
| Oct 19, 2026 | $171.09m |
| Oct 20, 2026 | $172.8m |
| Oct 21, 2026 | $174.55m |
| Oct 22, 2026 | $161.95m |
| Oct 23, 2026 | $187.64m |
| Oct 24, 2026 | $180.15m |
| Oct 25, 2026 | $184.73m |
| Oct 26, 2026 | $188.48m |
| Oct 27, 2026 | $191.3m |
TVL at each month end, Apr 2026 to Oct 2026
| Date | TVL |
|---|---|
| Apr 30, 2026 | $39.75m |
| May 31, 2026 | $92.41m |
| Jun 30, 2026 | $98.67m |
| Jul 31, 2026 | $130.65m |
| Aug 31, 2026 | $132.08m |
| Sep 30, 2026 | $133.79m |
| Oct 27, 2026 (latest) | $191.3m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/r25
Frequently asked questions
What is R25's TVL?
As of Oct 27, 2026, R25 has $195.64m in total value locked. TVL has increased 45.8% over the past 30 days.
What chains does R25 operate on?
R25 operates on 2 chains: Pharos and Sui. Pharos holds the largest share at 95.8%.
How does R25's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, R25 ranks #9 by TVL. The category holds $4.101b across 176 protocols, and R25 accounts for 4.8% of that total. Similar protocols include Ember, KAIO, NewSight, Ethena USDtb, Re, Huma, OnRe, Anemoy Capital, USD AI, and OpenTrade.