Logo of Monetrix mxBTC

Monetrix mxBTC

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$0

Hyperliquid L1$0

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

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Protocol Information

mxBTC is the BTC-denominated product in the Monetrix system. It works the same way as USDM and mxHYPE, with UBTC in place of USDC or HYPE

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Category:Basis Trading

Methodology

Fees: Settled yield from mxBTC's HyperCore funding strategy after borrowing and trading costs, converted to UBTC and measured at distribution, plus instant redeem/unstake fees; excludes unsettled strategy income.View code on GitHubRevenue: The foundation's share of settled mxBTC yield plus instant redeem/unstake fees, valued in UBTC.View code on GitHub

Competitors

Liminal Basis ($20.86m)Monetrix USDM ($3m)Monetrix mxHYPE ($1.67m)Ethena USDe ($4.715b)Falcon Finance ($1.718b)BitFi Basis ($232.2m)Solstice ($209.35m)Solv Basis Trading ($203.26m)Aster USDF ($111.81m)Tori Finance ($71.29m)

Frequently asked questions

What chains does Monetrix mxBTC operate on?

Monetrix mxBTC operates on Hyperliquid L1.

How much has Monetrix mxBTC generated in fees and revenue?

Over the past 30 days, Monetrix mxBTC generated $0 in fees. Of that, $0 was protocol revenue.

How does Monetrix mxBTC's TVL compare to similar protocols?

Among Basis Trading protocols tracked by DefiLlama, Monetrix mxBTC ranks #41 by TVL. The category holds $7.705b across 41 protocols, and Monetrix mxBTC accounts for 0% of that total. Other leading protocols include Liminal Basis, Monetrix USDM, Monetrix mxHYPE, Ethena USDe, Falcon Finance, BitFi Basis, Solstice, Solv Basis Trading, Aster USDF, and Tori Finance.