Ask about Hedge · freeTotal Value Locked$50,502
TVL by Chain
Solana$50,502
The chart plots Staking as its own series; it is not part of the TVL above.
Key Metrics
Staked$0
Total Raised$3.7m
Apr 21, 2022$3.7mRound: Seed
Protocol Information
Hedge offers 0% interest loans on Solana in form of our CDP stablecoin $USH with the lowest collateral ratios available on Solana
Audits:
Methodology
TVL: TVL is equal to the Collateral Value + assets in PSM. Staking adds Amount of HDG staked * HDG priceView code on GitHubCompetitors
Hedge history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Jul 21, 2022 to Nov 1, 2026.
All-time high TVL: $13.29m on Sep 28, 2022. All-time low TVL: $46,711 on Jun 6, 2026.
Daily TVL, Oct 3, 2026 to Nov 1, 2026
| Date | TVL |
|---|---|
| Oct 3, 2026 | $53,315 |
| Oct 4, 2026 | $53,428 |
| Oct 5, 2026 | $53,592 |
| Oct 6, 2026 | $53,439 |
| Oct 7, 2026 | $53,392 |
| Oct 8, 2026 | $52,972 |
| Oct 9, 2026 | $52,287 |
| Oct 10, 2026 | $52,143 |
| Oct 11, 2026 | $52,172 |
| Oct 12, 2026 | $52,386 |
| Oct 13, 2026 | $51,811 |
| Oct 14, 2026 | $51,962 |
| Oct 15, 2026 | $51,324 |
| Oct 16, 2026 | $51,653 |
| Oct 17, 2026 | $51,555 |
| Oct 18, 2026 | $51,491 |
| Oct 19, 2026 | $51,560 |
| Oct 20, 2026 | $51,650 |
| Oct 21, 2026 | $51,848 |
| Oct 22, 2026 | $51,647 |
| Oct 23, 2026 | $51,483 |
| Oct 24, 2026 | $51,364 |
| Oct 25, 2026 | $51,336 |
| Oct 26, 2026 | $51,154 |
| Oct 27, 2026 | $51,024 |
| Oct 28, 2026 | $51,152 |
| Oct 29, 2026 | $51,294 |
| Oct 30, 2026 | $50,543 |
| Oct 31, 2026 | $50,657 |
| Nov 1, 2026 | $50,501 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $56,819 |
| Jan 31, 2025 | $55,111 |
| Feb 28, 2025 | $48,422 |
| Mar 31, 2025 | $48,394 |
| Apr 30, 2025 | $50,161 |
| May 31, 2025 | $58,709 |
| Jun 30, 2025 | $58,198 |
| Jul 31, 2025 | $61,316 |
| Aug 31, 2025 | $64,662 |
| Sep 30, 2025 | $65,457 |
| Oct 31, 2025 | $62,090 |
| Nov 30, 2025 | $56,045 |
| Dec 31, 2025 | $54,620 |
| Jan 31, 2026 | $53,752 |
| Feb 28, 2026 | $49,191 |
| Mar 31, 2026 | $49,408 |
| Apr 30, 2026 | $49,402 |
| May 31, 2026 | $49,293 |
| Jun 30, 2026 | $48,012 |
| Jul 31, 2026 | $48,003 |
| Aug 31, 2026 | $51,297 |
| Sep 30, 2026 | $53,340 |
| Oct 31, 2026 | $50,657 |
| Nov 1, 2026 (latest) | $50,501 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $1.41m |
| Dec 31, 2023 | $105,057 |
| Dec 31, 2024 | $56,819 |
| Dec 31, 2025 | $54,620 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hedge
Frequently asked questions
What is Hedge's TVL?
As of Nov 1, 2026, Hedge has $50,502 in total value locked. TVL has decreased 5.6% over the past 30 days.
How does Hedge's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Hedge ranks #93 by TVL. The category holds $7.086b across 197 protocols, and Hedge accounts for <0.1% of that total. Similar protocols include Reservoir Protocol, Hubble, JPOW AI, Parrot Protocol, Fluidity Money, Sky Lending, USDD, Liquity V1, crvUSD, and Liquity V2.