Total Value Locked$11.79m
TVL by Chain
Monad$5.71m
Stable$4.03m
Ethereum$2.05m
Arbitrum$1.27
Base$0
Solana$0
Key Metrics
Fees 30d$115,877
Fees 30d by chain
Ethereum$129,216
Hyperliquid L1$6,415
Arbitrum$1,771
Base$1.09
Stable$0.14
Fees 7d$13,165
Ethereum$13,696
Hyperliquid L1$1,541
Arbitrum$438
Base$0.27
Stable$0.03
Fees 24h-$2,511
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Stable$0
Cumulative Fees$4.57m
Ethereum$1.54m
Arbitrum$1.45m
Stable$1.13m
Hyperliquid L1$518,206
Base$35.42
Revenue 30d$0
Revenue 30d by chain
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Stable$0
Revenue 7d$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Stable$0
Revenue 24h$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Stable$0
Cumulative Revenue$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Stable$0
Protocol Information
thBILL is a yield-bearing basket of tokenized U.S. Treasury bills from regulated issuers, designed as a stable core asset within the Theo ecosystem.
Sub Category: Treasury Bills
Methodology
TVL: thBILL TVL is the value of the reserve assets held in the thBILL backing wallets: tokenized Treasury fund shares (ULTRA, FILQ-A), stablecoins, and stablecoin lending positions (Aave v3, Morpho vaults) across Ethereum, Arbitrum, Base, Monad, Stable and Solana. About 96% of thBILL supply is held as reserve by thUSD (see Theo Network thUSD), so this adapter is flagged doublecounted under the Theo Network parent.View code on GitHubFees: Treasury yields from underlyingView code on GitHubRevenue: No revenueView code on GitHubYields
Pools Tracked3
Average Supply APY4.47%
Competitors
Theo Network thBill history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 21, 2025 to Oct 28, 2026.
All-time high TVL: $212.88m on Nov 27, 2025. All-time low TVL: $200,185 on Jul 23, 2025.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $17.74m |
| Sep 30, 2026 | $16.19m |
| Oct 1, 2026 | $16.19m |
| Oct 2, 2026 | $12.18m |
| Oct 3, 2026 | $12.18m |
| Oct 4, 2026 | $12.18m |
| Oct 5, 2026 | $12.18m |
| Oct 6, 2026 | $7.19m |
| Oct 7, 2026 | $7.19m |
| Oct 8, 2026 | $11.21m |
| Oct 9, 2026 | $11.21m |
| Oct 10, 2026 | $11.21m |
| Oct 11, 2026 | $11.21m |
| Oct 12, 2026 | $11.22m |
| Oct 13, 2026 | $11.22m |
| Oct 14, 2026 | $11.22m |
| Oct 15, 2026 | $11.22m |
| Oct 16, 2026 | $11.22m |
| Oct 17, 2026 | $11.22m |
| Oct 18, 2026 | $11.23m |
| Oct 19, 2026 | $11.23m |
| Oct 20, 2026 | $11.23m |
| Oct 21, 2026 | $11.23m |
| Oct 22, 2026 | $11.23m |
| Oct 23, 2026 | $11.23m |
| Oct 24, 2026 | $9.74m |
| Oct 25, 2026 | $9.74m |
| Oct 26, 2026 | $9.74m |
| Oct 27, 2026 | $9.74m |
| Oct 28, 2026 | $11.79m |
TVL at each month end, Jul 2025 to Oct 2026
| Date | TVL |
|---|---|
| Jul 31, 2025 | $200,373 |
| Aug 31, 2025 | $56.5m |
| Sep 30, 2025 | $122.54m |
| Oct 31, 2025 | $148.54m |
| Nov 30, 2025 | $212.34m |
| Dec 31, 2025 | $118.38m |
| Jan 31, 2026 | $129.11m |
| Feb 28, 2026 | $129.41m |
| Mar 31, 2026 | $132.9m |
| Apr 30, 2026 | $128.42m |
| May 31, 2026 | $114.84m |
| Jun 30, 2026 | $95.09m |
| Jul 31, 2026 | $63.4m |
| Aug 31, 2026 | $59.91m |
| Sep 30, 2026 | $16.19m |
| Oct 28, 2026 (latest) | $11.79m |
Fees and revenue by UTC calendar month, Aug 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Aug 2025 | $77,208 | $0 |
| Sep 2025 | $333,877 | $0 |
| Oct 2025 | $410,118 | $0 |
| Nov 2025 | $478,681 | $0 |
| Dec 2025 | $400,896 | $0 |
| Jan 2026 | $402,281 | $0 |
| Feb 2026 | $301,129 | $0 |
| Mar 2026 | $340,063 | $0 |
| Apr 2026 | $381,221 | $0 |
| May 2026 | $371,698 | $0 |
| Jun 2026 | $373,354 | $0 |
| Jul 2026 | $302,037 | $0 |
| Aug 2026 | $229,075 | $0 |
| Sep 2026 | $73,906 | $0 |
| Oct 2026 (to date) | $89,602 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/theo-network-thbill
Frequently asked questions
What is Theo Network thBill's TVL?
As of Oct 28, 2026, Theo Network thBill has $11.79m in total value locked. TVL has decreased 33.6% over the past 30 days.
What chains does Theo Network thBill operate on?
Theo Network thBill operates on 7 chains: Monad, Stable, Ethereum, Arbitrum, and Base and 2 others. Monad holds the largest share at 48.4%.
How much has Theo Network thBill generated in fees and revenue?
Over the past 30 days, Theo Network thBill generated $115,877 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $3.81m in fees.
How does Theo Network thBill's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Theo Network thBill ranks #28 by TVL. The category holds $4.112b across 176 protocols, and Theo Network thBill accounts for 0.3% of that total. Similar protocols include Re, Huma, Ember, Tangible RWA, Travessia Credit, Mountain Protocol, Boson Protocol, Sweep, Florence Finance, and Anemoy Capital.
How many yield pools does Theo Network thBill have?
DefiLlama tracks 3 Theo Network thBill yield pools with an average APY of 4.5%.