Ask about Axis · free
Logo of Axis

Axis

Total Value Locked$68.49m

TVL by Chain

Ethereum$68.49m

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.

WebsiteX/Twitter
Category:Basis Trading

Audits:

Loading chart...

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 APY15.5%

Competitors

Ethena USDe ($4.947b)Falcon Finance ($1.659b)BitFi Basis ($233.23m)Solv Basis Trading ($186.41m)Tori Finance ($76.68m)ZEROBASE CeDeFi ($60.19m)Aegis YUSD ($34.47m)Drakewell ($27.77m)Piku Finance ($23.08m)BounceBit Prime ($11.44m)

Axis history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 20, 2026 to Nov 11, 2026.

All-time high TVL: $68.8m on Oct 29, 2026. All-time low TVL: $54.33m on Sep 21, 2026.

Daily TVL, Oct 13, 2026 to Nov 11, 2026

DateTVL
Oct 13, 2026$65.11m
Oct 14, 2026$65.31m
Oct 15, 2026$65.3m
Oct 16, 2026$65.31m
Oct 17, 2026$65.9m
Oct 18, 2026$66.19m
Oct 19, 2026$66.98m
Oct 20, 2026$67.14m
Oct 21, 2026$67.33m
Oct 22, 2026$67.71m
Oct 23, 2026$66.86m
Oct 24, 2026$67m
Oct 25, 2026$67m
Oct 26, 2026$67.06m
Oct 27, 2026$67.03m
Oct 28, 2026$68.48m
Oct 29, 2026$68.8m
Oct 30, 2026$68.05m
Oct 31, 2026$67.29m
Nov 1, 2026$66.58m
Nov 2, 2026$66.58m
Nov 3, 2026$67.11m
Nov 4, 2026$67.28m
Nov 5, 2026$67.92m
Nov 6, 2026$68.07m
Nov 7, 2026$68.55m
Nov 8, 2026$68.54m
Nov 9, 2026$68.54m
Nov 10, 2026$68.51m
Nov 11, 2026$68.47m

TVL at each month end, Aug 2026 to Nov 2026

DateTVL
Aug 31, 2026$67.72m
Sep 30, 2026$57.15m
Oct 31, 2026$67.29m
Nov 11, 2026 (latest)$68.47m

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

Frequently asked questions

What is Axis' TVL?

As of Nov 11, 2026, Axis has $68.49m in total value locked. TVL has increased 6.6% over the past 30 days.

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 #8 by TVL. The category holds $7.859b across 41 protocols, and Axis accounts for 0.9% of that total. Similar protocols include Ethena USDe, Falcon Finance, BitFi Basis, Solv Basis Trading, Tori Finance, ZEROBASE CeDeFi, Aegis YUSD, Drakewell, Piku Finance, and BounceBit Prime.

How many yield pools does Axis have?

DefiLlama tracks 1 Axis yield pool with an average APY of 15.5%.