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Monetrix

Total Value Locked$4.78m

TVL by Chain

Hyperliquid L1$4.78m

Key Metrics

Fees 30d$22,526
Fees 30d by chain

Hyperliquid L1$22,526

Fees 7d$4,603

Hyperliquid L1$4,603

Fees 24h$0

Hyperliquid L1$0

Cumulative Fees$84,065

Hyperliquid L1$84,065

Revenue 30d$3,388
Revenue 30d by chain

Hyperliquid L1$3,388

Revenue 7d$691.57

Hyperliquid L1$691.57

Revenue 24h$0

Hyperliquid L1$0

Cumulative Revenue$9,951

Hyperliquid L1$9,951

Protocol Information

Monetrix is the first fully on-chain funding-driven yield-bearing stable token, native to Hyperliquid.

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Category:Basis Trading
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Monetrix USDM - Yield generated by the USDM vault's delta-neutral positions on Hyperliquid Core (funding payments, HLP and borrow-lend yield), measured at distribution via the MonetrixVault's YieldDistributed event, plus instant redeem/unstake fees paid by users.View code on GitHubMonetrix mxHYPE - Yield generated by mxHYPE's borrowed-USDC overlay on Hyperliquid Core, measured in HYPE at distribution via the HypeVault's YieldDistributed event, plus instant redeem/unstake fees paid by users.View code on GitHub

Revenue:

Monetrix USDM - Share of distributed yield routed to the foundation, plus instant redeem/unstake fees. The insurance-fund share is a protocol reserve that backstops the system and is booked as supply-side revenue rather than protocol revenue.View code on GitHubMonetrix mxHYPE - Share of distributed yield routed to the foundation, plus instant redeem/unstake fees. The insurance-fund share is booked as supply-side revenue because it backstops the system.View code on GitHub

Yields

Pools Tracked2

Average Supply APY4.07%

Competitors

Liminal Basis ($21.01m)Ethena USDe ($4.806b)Falcon Finance ($1.653b)BitFi Basis ($234.4m)Solstice ($210.54m)Solv Basis Trading ($205.46m)Bitwise USCC ($127.34m)Aster USDF ($111.31m)Tori Finance ($72.03m)Axis ($63.59m)

Frequently Asked Questions

What is Monetrix's TVL?

Monetrix currently has $4.78m in total value locked. TVL has increased 10.5% over the past 30 days.

What chains does Monetrix operate on?

Monetrix operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.

How much has Monetrix generated in fees and revenue?

Over the past 30 days, Monetrix generated $22,526 in fees. Of that, $3,388 was protocol revenue. Based on the trailing year, the annualized rate is $255,655 in fees and $30,262 in revenue.

How does Monetrix's TVL compare to similar protocols?

Among Basis Trading protocols tracked by DefiLlama, Monetrix ranks #22 by TVL. The category holds $7.857b across 38 protocols, and Monetrix accounts for 0.1% of that total. Other leading protocols include Liminal Basis, Ethena USDe, Falcon Finance, BitFi Basis, Solstice, Solv Basis Trading, Bitwise USCC, Aster USDF, Tori Finance, and Axis.

How many yield pools does Monetrix have?

DefiLlama tracks 2 Monetrix yield pools with an average APY of 4.1%.