Total Value Locked$1.59m
TVL by Chain
Hyperliquid L1$1.59m
Key Metrics
Fees 30d$4,420
Fees 30d by chain
Hyperliquid L1$4,420
Fees 7d$818.30
Hyperliquid L1$818.30
Fees 24h$412
Hyperliquid L1$412
Cumulative Fees$6,657
Hyperliquid L1$6,657
Revenue 30d$675.31
Revenue 30d by chain
Hyperliquid L1$675.31
Revenue 7d$126.01
Hyperliquid L1$126.01
Revenue 24h$62.06
Hyperliquid L1$62.06
Cumulative Revenue$992.30
Hyperliquid L1$992.30
Protocol Information
HYPE-denominated yield vault on Hyperliquid. Deposited HYPE backs a borrowed-USDC delta-neutral overlay on Hyperliquid Core; yield is converted back to HYPE before distribution to smxHYPE stakers
Methodology
TVL: TVL is the native HYPE collateral backing mxHYPE: HYPE held by the HypeVault and RedeemEscrow on HyperEVM plus the HypeVault's Hyperliquid Core account equity, read on-chain from the HypeAccountant (totalBackingSigned) and denominated in HYPE. Staked mxHYPE (smxHYPE) is a receipt token and is not counted separately. The protocol-owned insurance fund is excluded. The USDC-denominated USDM vault is tracked separately under Monetrix.View code on GitHubFees: 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 GitHubRevenue: 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 GitHubYields
Pools Tracked1
Average Supply APY2.58%
Competitors
Frequently asked questions
What is Monetrix mxHYPE's TVL?
Monetrix mxHYPE currently has $1.59m in total value locked. TVL has decreased 7.6% over the past 30 days.
What chains does Monetrix mxHYPE operate on?
Monetrix mxHYPE operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has Monetrix mxHYPE generated in fees and revenue?
Over the past 30 days, Monetrix mxHYPE generated $4,420 in fees. Of that, $675.31 was protocol revenue. Based on the trailing year, the annualized rate is $42,212 in fees and $6,288 in revenue.
How does Monetrix mxHYPE's TVL compare to similar protocols?
Among Basis Trading protocols tracked by DefiLlama, Monetrix mxHYPE ranks #26 by TVL. The category holds $7.726b across 40 protocols, and Monetrix mxHYPE accounts for <0.1% of that total. Other leading protocols include Liminal Basis, Monetrix USDM, Ethena USDe, Falcon Finance, BitFi Basis, Solstice, Solv Basis Trading, Aster USDF, Tori Finance, and Axis.
How many yield pools does Monetrix mxHYPE have?
DefiLlama tracks 1 Monetrix mxHYPE yield pool with an average APY of 2.6%.