Key Metrics
Fees (Annualized)$35,851.11
Fees 30d$884
Hyperliquid L1$884
Fees 7d$508
Hyperliquid L1$508
Fees 24h$0
Hyperliquid L1$0
Cumulative Fees$884
Hyperliquid L1$884
Revenue (Annualized)$4,600.62
Revenue 30d$113.44
Hyperliquid L1$113.44
Revenue 7d$75.44
Hyperliquid L1$75.44
Revenue 24h$0
Hyperliquid L1$0
Cumulative Revenue$113.44
Hyperliquid L1$113.44
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 APY1.15%
Competitors
Frequently Asked Questions
What is Monetrix mxHYPE's TVL?
Monetrix mxHYPE currently has $1.63m in total value locked.
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 $884 in fees. Of that, $113.44 was protocol revenue. Based on the trailing year, the annualized rate is $35,851.11 in fees and $4,600.62 in revenue.
How does Monetrix mxHYPE's TVL compare to similar protocols?
Among Basis Trading protocols tracked by DefiLlama, Monetrix mxHYPE ranks #25 by TVL. The category holds $7.11b across 41 protocols, and Monetrix mxHYPE accounts for <0.1% of that total. Other leading protocols include Liminal Basis, Monetrix USDM, Ethena USDe, Falcon Finance, BounceBit CeDeFi Yield, Solstice, BitFi Basis, Solv Basis Trading, Avant avUSD, and Aster USDF.
How many yield pools does Monetrix mxHYPE have?
DefiLlama tracks 1 Monetrix mxHYPE yield pool with an average APY of 1.1%.
