Total Value Locked$355,220
TVL by Chain
Hyperliquid L1$355,205
Ethereum$15.22
Key Metrics
Fees 30d$0
Fees 30d by chain
Hyperliquid L1$0
Fees 7d$0
Hyperliquid L1$0
Fees 24h$0
Hyperliquid L1$0
Cumulative Fees$201,409
Hyperliquid L1$201,409
Revenue 30d$0
Revenue 30d by chain
Hyperliquid L1$0
Revenue 7d$0
Hyperliquid L1$0
Revenue 24h$0
Hyperliquid L1$0
Cumulative Revenue$0
Hyperliquid L1$0
Protocol Information
USDhl is a fiat stable custom-built for the Hyperliquid ecosystem, serving as a building block for HIP-3, fx, payments, and more
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: The yield generated by M, a wholesale dollar collateralized by short-term U.S TreasuriesView code on GitHubRevenue: 100% of the fees collected are distributed to users in WHYPE tokens, with allocations proportional to their activity on eligible venues, such as trading volume or LP provision, rather than simply holding USDHL.View code on GitHubCompetitors
Felix USDhl history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 8, 2025 to Oct 24, 2026.
All-time high TVL: $255.09m on Dec 7, 2025. All-time low TVL: $354,906 on Oct 16, 2026.
Daily TVL, Sep 25, 2026 to Oct 24, 2026
| Date | TVL |
|---|---|
| Sep 25, 2026 | $384,306 |
| Sep 26, 2026 | $384,355 |
| Sep 27, 2026 | $384,396 |
| Sep 28, 2026 | $384,410 |
| Sep 29, 2026 | $384,485 |
| Sep 30, 2026 | $384,486 |
| Oct 1, 2026 | $384,512 |
| Oct 2, 2026 | $384,567 |
| Oct 3, 2026 | $384,623 |
| Oct 4, 2026 | $384,684 |
| Oct 5, 2026 | $384,694 |
| Oct 6, 2026 | $384,742 |
| Oct 7, 2026 | $384,758 |
| Oct 8, 2026 | $384,711 |
| Oct 9, 2026 | $384,700 |
| Oct 10, 2026 | $384,792 |
| Oct 11, 2026 | $384,829 |
| Oct 12, 2026 | $384,844 |
| Oct 13, 2026 | $384,906 |
| Oct 14, 2026 | $354,945 |
| Oct 15, 2026 | $354,922 |
| Oct 16, 2026 | $354,906 |
| Oct 17, 2026 | $355,011 |
| Oct 18, 2026 | $355,059 |
| Oct 19, 2026 | $355,099 |
| Oct 20, 2026 | $355,165 |
| Oct 21, 2026 | $355,127 |
| Oct 22, 2026 | $355,174 |
| Oct 23, 2026 | $355,091 |
| Oct 24, 2026 | $355,200 |
TVL at each month end, Jul 2025 to Oct 2026
| Date | TVL |
|---|---|
| Jul 31, 2025 | $24.83m |
| Aug 31, 2025 | $27.81m |
| Sep 30, 2025 | $127.79m |
| Oct 31, 2025 | $91.58m |
| Nov 30, 2025 | $28.49m |
| Dec 31, 2025 | $23.43m |
| Jan 31, 2026 | $21.46m |
| Feb 28, 2026 | $20.6m |
| Mar 31, 2026 | $22.46m |
| Apr 30, 2026 | $16.31m |
| May 31, 2026 | $15.13m |
| Jun 30, 2026 | $1.06m |
| Jul 31, 2026 | $1.02m |
| Aug 31, 2026 | $417,785 |
| Sep 30, 2026 | $384,486 |
| Oct 24, 2026 (latest) | $355,200 |
Fees and revenue by UTC calendar month, Jul 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Jul 2025 | $59,653 | $0 |
| Aug 2025 | $39,478 | $0 |
| Sep 2025 | $49,904 | $0 |
| Oct 2025 | $26,096 | $0 |
| Nov 2025 | $13,471 | $0 |
| Dec 2025 | $12,807 | $0 |
| Jan 2026 | $0 | $0 |
| Feb 2026 | $0 | $0 |
| Mar 2026 | $0 | $0 |
| Apr 2026 | $0 | $0 |
| May 2026 | $0 | $0 |
| Jun 2026 | $0 | $0 |
| Jul 2026 | $0 | $0 |
| Aug 2026 | $0 | $0 |
| Sep 2026 | $0 | $0 |
| Oct 2026 (to date) | $0 | $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/felix-usdhl
Frequently asked questions
What is Felix USDhl's TVL?
As of Oct 24, 2026, Felix USDhl has $355,220 in total value locked. TVL has decreased 7.6% over the past 30 days.
What chains does Felix USDhl operate on?
Felix USDhl operates on 2 chains: Hyperliquid L1 and Ethereum. Hyperliquid L1 holds the largest share at 100%.
How much has Felix USDhl generated in fees and revenue?
Over the past 30 days, Felix USDhl generated $0 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $26,278 in fees.
How does Felix USDhl's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Felix USDhl ranks #109 by TVL. The category holds $4.645b across 568 protocols, and Felix USDhl accounts for <0.1% of that total. Similar protocols include Pendle V2, Equilibria, Spectra V2, Harmonix Finance, Penpie, Toros, Royco V1, Blueberry, HyperWave, and Napier.