Total Value Locked$1.44m
TVL by Chain
Hyperliquid L1$1.44m
Key Metrics
Fees 30d$7,101
Fees 30d by chain
Hyperliquid L1$7,101
Fees 7d$4,927
Hyperliquid L1$4,927
Fees 24h$213
Hyperliquid L1$213
Cumulative Fees$12,345
Hyperliquid L1$12,345
Revenue 30d$1,079
Revenue 30d by chain
Hyperliquid L1$1,079
Revenue 7d$738.88
Hyperliquid L1$738.88
Revenue 24h$37.08
Hyperliquid L1$37.08
Cumulative Revenue$1,855
Hyperliquid L1$1,855
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 APY14.21%
Competitors
Monetrix mxHYPE history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 27, 2026 to Nov 5, 2026.
All-time high TVL: $1.83m on Oct 6, 2026. All-time low TVL: $1.47m on Sep 17, 2026.
Daily TVL, Oct 7, 2026 to Nov 5, 2026
| Date | TVL |
|---|---|
| Oct 7, 2026 | $1.79m |
| Oct 8, 2026 | $1.72m |
| Oct 9, 2026 | $1.64m |
| Oct 10, 2026 | $1.64m |
| Oct 11, 2026 | $1.67m |
| Oct 12, 2026 | $1.7m |
| Oct 13, 2026 | $1.58m |
| Oct 14, 2026 | $1.64m |
| Oct 15, 2026 | $1.6m |
| Oct 16, 2026 | $1.67m |
| Oct 17, 2026 | $1.62m |
| Oct 18, 2026 | $1.58m |
| Oct 19, 2026 | $1.59m |
| Oct 20, 2026 | $1.6m |
| Oct 21, 2026 | $1.63m |
| Oct 22, 2026 | $1.61m |
| Oct 23, 2026 | $1.54m |
| Oct 24, 2026 | $1.51m |
| Oct 25, 2026 | $1.52m |
| Oct 26, 2026 | $1.52m |
| Oct 27, 2026 | $1.56m |
| Oct 28, 2026 | $1.62m |
| Oct 29, 2026 | $1.6m |
| Oct 30, 2026 | $1.77m |
| Oct 31, 2026 | $1.78m |
| Nov 1, 2026 | $1.76m |
| Nov 2, 2026 | $1.57m |
| Nov 3, 2026 | $1.52m |
| Nov 4, 2026 | $1.5m |
| Nov 5, 2026 | $1.49m |
TVL at each month end, Aug 2026 to Nov 2026
| Date | TVL |
|---|---|
| Aug 31, 2026 | $1.57m |
| Sep 30, 2026 | $1.53m |
| Oct 31, 2026 | $1.78m |
| Nov 5, 2026 (latest) | $1.49m |
Fees and revenue by UTC calendar month, Aug 2026 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Aug 2026 | $884 | $113.44 |
| Sep 2026 | $3,818 | $579.89 |
| Oct 2026 | $5,061 | $775.16 |
| Nov 2026 (to date) | $2,795 | $424.08 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/monetrix-mxhype
Frequently asked questions
What is Monetrix mxHYPE's TVL?
As of Nov 5, 2026, Monetrix mxHYPE has $1.44m in total value locked. TVL has decreased 21.5% 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 $7,101 in fees. Of that, $1,079 was protocol revenue. Based on the trailing year, the annualized rate is $60,079 in fees and $9,030 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 $7.509b across 41 protocols, and Monetrix mxHYPE accounts for <0.1% of that total. Similar protocols include Liminal Basis, Monetrix USDM, Monetrix mxBTC, Ethena USDe, Falcon Finance, BitFi Basis, Solstice, Solv Basis Trading, Aster USDF, and Tori Finance.
How many yield pools does Monetrix mxHYPE have?
DefiLlama tracks 1 Monetrix mxHYPE yield pool with an average APY of 14.2%.