Logo of Hylo ProtocolHylo Protocol

Total Value Locked$34.83m

TVL by Chain

Solana$34.83m

Key Metrics

Fees 30d$323,690
Fees 30d by chain

Solana$323,690

Fees 7d$100,855

Solana$100,855

Fees 24h$25,881

Solana$25,881

Cumulative Fees$4.55m

Solana$4.55m

Revenue 30d$194,624
Revenue 30d by chain

Solana$194,624

Revenue 7d$57,271

Solana$57,271

Revenue 24h$12,983

Solana$12,983

Cumulative Revenue$2.53m

Solana$2.53m

Total Raised$1.5m

Aug 7, 2025$1.5mRound: SeedInvestors: Robot Ventures, Solana Ventures, YTWO, Colosseum

Protocol Information

Hylo splits yield-bearing assets into two complementary products: hyUSD - a stable USD-denominated asset with access to sustainable yield, and xSOL - leveraged SOL exposure with zero liquidation risk and no funding costs. Users can deposit LSTs to mint either asset

WebsiteX/Twitter
Category:Dual-Token Stablecoin

Audits:

Methodology

TVL: TVL is the collateral (LSTs, cbBTC and USDC) held in the Hylo exchange program vaults backing hyUSD and xSOL. Vault addresses are derived on-chain from the program's LstHeader, ExoPair and UsdcPair accounts.View code on GitHubFees: Fees users pay to mint, redeem and swap hyUSD and levercoins (xSOL, xBTC), earn pool withdrawal fees, the staking yield and exo market borrow rate harvested from the collateral reserves, and the income of the Hylo validator.View code on GitHubRevenue: The portion kept by the protocol: all user-paid fees, the protocol's share of harvested yield and borrow rate, and Hylo validator income (block rewards, Jito tips, inflation commission).View code on GitHub

Competitors

fx Protocol ($125.95m)RIF ON CHAIN ($26.06m)MoneyOnChain ($21.81m)Djed Stablecoin ($5.49m)Ethereum Classic Stable Dollar ($2,602)DogeDollar

Frequently Asked Questions

What is Hylo Protocol's TVL?

Hylo Protocol currently has $34.83m in total value locked. TVL has increased 60.7% over the past 30 days.

What chains does Hylo Protocol operate on?

Hylo Protocol operates on Solana. Solana holds the largest share at 100%.

How much has Hylo Protocol generated in fees and revenue?

Over the past 30 days, Hylo Protocol generated $323,690 in fees. Of that, $194,624 was protocol revenue. Based on the trailing year, the annualized rate is $3.91m in fees and $2.1m in revenue.

How does Hylo Protocol's TVL compare to similar protocols?

Among Dual-Token Stablecoin protocols tracked by DefiLlama, Hylo Protocol ranks #2 by TVL. The category holds $214.19m across 7 protocols, and Hylo Protocol accounts for 16.3% of that total. Other leading protocols include fx Protocol, RIF ON CHAIN, MoneyOnChain, Djed Stablecoin, Ethereum Classic Stable Dollar, and DogeDollar.