Ask about USD AI · freeTotal Value Locked$268.42m
TVL by Chain
Arbitrum$268.42m
Key Metrics
Fees 30d$4.59m
Fees 30d by chain
Arbitrum$4.59m
Fees 7d$1.14m
Arbitrum$1.14m
Fees 24h$22,002
Arbitrum$22,002
Cumulative Fees$30.11m
Arbitrum$30.11m
Revenue 30d$459,238
Revenue 30d by chain
Arbitrum$459,238
Revenue 7d$113,841
Arbitrum$113,841
Revenue 24h$2,200
Arbitrum$2,200
Cumulative Revenue$7.81m
Arbitrum$7.81m
Holders Revenue 30d$0
Holders Revenue 30d by chain
Arbitrum$0
Holders Revenue 7d$0
Arbitrum$0
Holders Revenue 24h$0
Arbitrum$0
Cumulative Holders Revenue$0
Arbitrum$0
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$7.52m
Earnings 30d$459,238
Earnings 7d$113,841
Earnings 24h$2,200
Cumulative Earnings$7.81m
Market Cap$108.8m
$CHIP Price$0.054
Fully Diluted Valuation$543.98m
Outstanding FDV$436.07m
$CHIP Volume 24h$18.26m
CEX Volume$18.32m
DEX Volume$3.87m(21.18% of total)
Active Loans$310.43m
Total Raised$4m
Sep 22, 2025$4mRound: Investors: Bullish
Nov 17, 2025Round: Investors: Coinbase Ventures
Protocol Information
USD.AI is a yield-bearing synthetic dollar protocol backed by real-world infrastructure assets
Sub Category: Private Credit
Audits:
Methodology
TVL: TVL is calculated by summing the value of tokens held by the protocol and outstanding claimable yield. Outstanding loan principals are reported separately as borrowed.View code on GitHubFees: Total interest and admin fees collected from USDai's base token yield, GPU-financing yield, and escrow timelock yieldView code on GitHubRevenue: Admin fees going to protocol treasuryView code on GitHubHolders Revenue: View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked1
Average Supply APY6.25%
Competitors
USD AI history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from May 19, 2025 to Oct 28, 2026.
All-time high TVL: $701.98m on Nov 22, 2025. All-time low TVL: $912,173 on May 20, 2025.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $227.76m |
| Sep 30, 2026 | $243.36m |
| Oct 1, 2026 | $248.13m |
| Oct 2, 2026 | $344.16m |
| Oct 3, 2026 | $349.7m |
| Oct 4, 2026 | $324.86m |
| Oct 5, 2026 | $334.73m |
| Oct 6, 2026 | $338.76m |
| Oct 7, 2026 | $343.41m |
| Oct 8, 2026 | $344.43m |
| Oct 9, 2026 | $344.56m |
| Oct 10, 2026 | $346.19m |
| Oct 11, 2026 | $345.68m |
| Oct 12, 2026 | $346.4m |
| Oct 13, 2026 | $347.3m |
| Oct 14, 2026 | $348.43m |
| Oct 15, 2026 | $345.54m |
| Oct 16, 2026 | $267.84m |
| Oct 17, 2026 | $262.98m |
| Oct 18, 2026 | $262.92m |
| Oct 19, 2026 | $262.52m |
| Oct 20, 2026 | $263.05m |
| Oct 21, 2026 | $263.1m |
| Oct 22, 2026 | $262.52m |
| Oct 23, 2026 | $261.6m |
| Oct 24, 2026 | $261.45m |
| Oct 25, 2026 | $266.15m |
| Oct 26, 2026 | $266.2m |
| Oct 27, 2026 | $266.19m |
| Oct 28, 2026 | $268.43m |
TVL at each month end, May 2025 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2025 | $1.11m |
| Jun 30, 2025 | $24.98m |
| Jul 31, 2025 | $48.77m |
| Aug 31, 2025 | $110.18m |
| Sep 30, 2025 | $502.42m |
| Oct 31, 2025 | $582.22m |
| Nov 30, 2025 | $655.85m |
| Dec 31, 2025 | $686.49m |
| Jan 31, 2026 | $646.19m |
| Feb 28, 2026 | $466.6m |
| Mar 31, 2026 | $311.25m |
| Apr 30, 2026 | $246.93m |
| May 31, 2026 | $293.14m |
| Jun 30, 2026 | $195.87m |
| Jul 31, 2026 | $159.6m |
| Aug 31, 2026 | $227.89m |
| Sep 30, 2026 | $243.36m |
| Oct 28, 2026 (latest) | $268.43m |
Fees, revenue and holders revenue by UTC calendar month, May 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| May 2025 | $1,737 | $173.48 | $0 |
| Jun 2025 | $40,685 | $4,069 | $0 |
| Jul 2025 | $140,959 | $14,094 | $0 |
| Aug 2025 | $212,331 | $21,498 | $0 |
| Sep 2025 | $830,785 | $83,846 | $0 |
| Oct 2025 | $1.73m | $173,270 | $0 |
| Nov 2025 | $1.92m | $192,479 | $0 |
| Dec 2025 | $2.03m | $215,725 | $0 |
| Jan 2026 | $2m | $258,330 | $0 |
| Feb 2026 | $1.6m | $264,731 | $0 |
| Mar 2026 | $1.63m | $440,679 | $0 |
| Apr 2026 | $3.09m | $1.87m | $0 |
| May 2026 | $1.46m | $145,799 | $0 |
| Jun 2026 | $4.35m | $3.08m | $0 |
| Jul 2026 | $1.4m | $139,721 | $0 |
| Aug 2026 | $1.41m | $275,462 | $0 |
| Sep 2026 | $2.2m | $219,509 | $0 |
| Oct 2026 (to date) | $4.11m | $410,646 | $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/usd-ai
Frequently asked questions
What is USD AI's TVL?
As of Oct 28, 2026, USD AI has $268.42m in total value locked. TVL has increased 23.8% over the past 30 days.
What chains does USD AI operate on?
USD AI operates on Arbitrum. Arbitrum holds the largest share at 100%.
How much has USD AI generated in fees and revenue?
Over the past 30 days, USD AI generated $4.59m in fees. Of that, $459,238 was protocol revenue. Based on the trailing year, the annualized rate is $27.3m in fees and $7.52m in revenue.
What is the CHIP token price and valuation?
CHIP is currently trading at $0.054. Its circulating market capitalization is $108.38m, ranking it #378. Its fully diluted valuation is $541.91m. Supply currently stands at 2b circulating, 10b total supply, 10b maximum supply.
How has CHIP performed recently?
CHIP is up 21.1% over the past 7 days and up 19.9% over the past 30 days. Its all-time high is $0.14, reached on Apr 23, 2026. The token is currently 61.4% below that level.
How does USD AI's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, USD AI ranks #6 by TVL. The category holds $4.11b across 176 protocols, and USD AI accounts for 6.5% of that total. Similar protocols include Re, Tangible RWA, Estate Protocol, Theo Network thBill, Mountain Protocol, Boson Protocol, Fortunafi, Solv Vesting, Sweep, and WorldEs.
How much has been borrowed through USD AI?
As of Oct 28, 2026, USD AI has $310.43m in active loans.