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RealFi

Key Metrics

Fees 30d$33,173

Fees 30d by chain

Cardano$33,173

Fees 7d$8,681

Cardano$8,681

Fees 24h$0

Cardano$0

Cumulative Fees$33,173

Cardano$33,173

Revenue 30d$5,206

Revenue 30d by chain

Cardano$5,206

Revenue 7d$1,603

Cardano$1,603

Revenue 24h$0

Cardano$0

Cumulative Revenue$5,206

Cardano$5,206

Protocol Information

RWA protocol issuing USDrf, backed by a diversified portfolio of fixed-income and private-credit assets, with portfolio yield distributed to sUSDrf stakers.

Website X/Twitter

Category:RWA

Sub Category: Treasury Bills, Money Market Funds, Private Credit, Other Fixed Income

Methodology

Fees: Yield from RealFi's reserve portfolio (treasury bills, money market funds, CLO ETFs, floating-rate bonds and private credit), counted when it is minted on-chain as new USDrf at each weekly staking epoch, net of portfolio losses burned from the sUSDrf staking vault. Excludes income RealFi earns off-chain on unstaked USDrf reserves that is never minted on-chain. Mint and redeem fees are currently 0 bps.Revenue: Share of each epoch's minted yield sent to the RealFi protocol fee address instead of the sUSDrf staking vault.

Competitors

KAIO ($39.63m)Ethena USDtb ($476.23m)Re ($468.75m)Huma ($376.06m)OnRe ($301.16m)Anemoy Capital ($283.33m)USD AI ($266.37m)OpenTrade ($244.59m)Plume Vaults ($227.99m)R25 ($195.64m)

Income statement for RealFi

YearlyQuarterlyMonthlyCumulative

	Q4 2026*	Q3 2026	Q2 2026
Gross Protocol Revenue	$28.71K	$4.47K	$0.10
Assets Yields	$28.71K	$4.47K	$0.10
Cost of Revenue	$23.89K	$4.07K	$0.03
Assets Yields To sUSDrf Stakers	$23.89K	$4.07K	$0.03
Gross Profit	$4.82K	$391	$0.07
Assets Yields To Protocol	$4.82K	$391	$0.07
Earnings	$4.82K	$391	$0.07

Income flow visualization

YearlyQuarterlyMonthlyCumulative

RealFi history

Fees and revenue by UTC calendar month, Jun 2026 to Oct 2026

Month	Fees	Revenue
Jun 2026	$0.10	$0.07
Sep 2026	$4,466	$391
Oct 2026 (to date)	$28,707	$4,815

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/realfi

Frequently asked questions

What chains does RealFi operate on?

RealFi operates on Cardano.

How much has RealFi generated in fees and revenue?

Over the past 30 days, RealFi generated $33,173 in fees. Of that, $5,206 was protocol revenue. Based on the trailing year, the annualized rate is $327,248 in fees and $51,357 in revenue.

How does RealFi's TVL compare to similar protocols?

Among RWA protocols tracked by DefiLlama, RealFi ranks #176 by TVL. The category holds $4.099b across 176 protocols, and RealFi accounts for 0% of that total. Similar protocols include KAIO, Ethena USDtb, Re, Huma, OnRe, Anemoy Capital, USD AI, OpenTrade, Plume Vaults, and R25.