Logo of AxisAxis
Total Value Locked$66.74m

TVL by Chain

Ethereum$66.74m

Key Metrics

Total Raised$5m

Dec 3, 2025$5mRound: Investors: Galaxy Digital, FalconX, CMT Digital, OKX Ventures, Maven 11, GSR, CMS Holdings

Jun 2, 2026Round: Investors: Steakhouse Financial, Serotonin

Protocol Information

Quantitative yield protocol that issues USDx, a synthetic dollar backed by a cross-venue arbitrage engine. sUSDx is the staked yield-bearing vault.

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Category:Basis Trading

Audits:

Methodology

TVL: Supply of USDx on Ethereum. sUSDx is an ERC-4626 vault of USDx and is excluded to avoid double counting. The Upshift Origin Vault is excluded because it is already counted under Upshift.View code on GitHub

Yields

Pools Tracked1

Average Supply APY31.76%

Competitors

Ethena USDe ($4.529b)Falcon Finance ($1.176b)BitFi Basis ($231.02m)Solv Basis Trading ($191m)Bitwise USCC ($107.35m)Tori Finance ($67.22m)ZEROBASE CeDeFi ($62.72m)Aegis YUSD ($34.84m)Piku Finance ($28.35m)BounceBit Prime ($11.45m)

Frequently Asked Questions

What is Axis' TVL?

Axis currently has $66.74m in total value locked.

What chains does Axis operate on?

Axis operates on Ethereum. Ethereum holds the largest share at 100%.

How does Axis' TVL compare to similar protocols?

Among Basis Trading protocols tracked by DefiLlama, Axis ranks #11 by TVL. The category holds $7.247b across 40 protocols, and Axis accounts for 0.9% of that total. Other leading protocols include Ethena USDe, Falcon Finance, BitFi Basis, Solv Basis Trading, Bitwise USCC, Tori Finance, ZEROBASE CeDeFi, Aegis YUSD, Piku Finance, and BounceBit Prime.

How many yield pools does Axis have?

DefiLlama tracks 1 Axis yield pool with an average APY of 31.8%.