Total Value Locked$11.81m
TVL by Chain
Ethereum$7.77m
Stable$4.04m
Arbitrum$1.28
Base$0
Monad$0
Solana$0
Key Metrics
Fees 30d$64,775
Fees 30d by chain
Ethereum$72,455
Hyperliquid L1$5,458
Arbitrum$1,437
Base$0.92
Stable$0.13
Fees 7d$14,115
Ethereum$12,013
Hyperliquid L1$1,714
Arbitrum$388
Base$0.28
Stable$0.04
Fees 24h$644
Ethereum$548
Hyperliquid L1$78
Arbitrum$18
Base$0.01
Stable$0
Cumulative Fees$4.58m
Ethereum$1.55m
Arbitrum$1.45m
Stable$1.13m
Hyperliquid L1$520,035
Base$35.72
Revenue 30d$0
Revenue 30d by chain
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Stable$0
Revenue 7d$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Stable$0
Revenue 24h$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Stable$0
Cumulative Revenue$0
Arbitrum$0
Base$0
Ethereum$0
Hyperliquid L1$0
Stable$0
Protocol Information
thBILL is a yield-bearing basket of tokenized U.S. Treasury bills from regulated issuers, designed as a stable core asset within the Theo ecosystem.
Sub Category: Treasury Bills
Methodology
TVL: thBILL TVL is the value of the reserve assets held in the thBILL backing wallets: tokenized Treasury fund shares (ULTRA, FILQ-A), stablecoins, and stablecoin lending positions (Aave v3, Morpho vaults) across Ethereum, Arbitrum, Base, Monad, Stable and Solana. About 96% of thBILL supply is held as reserve by thUSD (see Theo Network thUSD), so this adapter is flagged doublecounted under the Theo Network parent.View code on GitHubFees: Treasury yields from underlyingView code on GitHubRevenue: No revenueView code on GitHubYields
Pools Tracked3
Average Supply APY4.23%
Competitors
Theo Network thBill history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 21, 2025 to Nov 4, 2026.
All-time high TVL: $212.88m on Nov 27, 2025. All-time low TVL: $200,185 on Jul 23, 2025.
Daily TVL, Oct 6, 2026 to Nov 4, 2026
| Date | TVL |
|---|---|
| Oct 6, 2026 | $7.19m |
| Oct 7, 2026 | $7.19m |
| Oct 8, 2026 | $11.21m |
| Oct 9, 2026 | $11.21m |
| Oct 10, 2026 | $11.21m |
| Oct 11, 2026 | $11.21m |
| Oct 12, 2026 | $11.22m |
| Oct 13, 2026 | $11.22m |
| Oct 14, 2026 | $11.22m |
| Oct 15, 2026 | $11.22m |
| Oct 16, 2026 | $11.22m |
| Oct 17, 2026 | $11.22m |
| Oct 18, 2026 | $11.23m |
| Oct 19, 2026 | $11.23m |
| Oct 20, 2026 | $11.23m |
| Oct 21, 2026 | $11.23m |
| Oct 22, 2026 | $11.23m |
| Oct 23, 2026 | $11.23m |
| Oct 24, 2026 | $9.74m |
| Oct 25, 2026 | $9.74m |
| Oct 26, 2026 | $9.74m |
| Oct 27, 2026 | $9.74m |
| Oct 28, 2026 | $11.79m |
| Oct 29, 2026 | $11.79m |
| Oct 30, 2026 | $11.78m |
| Oct 31, 2026 | $11.8m |
| Nov 1, 2026 | $11.8m |
| Nov 2, 2026 | $11.8m |
| Nov 3, 2026 | $11.8m |
| Nov 4, 2026 | $11.8m |
TVL at each month end, Jul 2025 to Nov 2026
| Date | TVL |
|---|---|
| Jul 31, 2025 | $200,373 |
| Aug 31, 2025 | $56.5m |
| Sep 30, 2025 | $122.54m |
| Oct 31, 2025 | $148.54m |
| Nov 30, 2025 | $212.34m |
| Dec 31, 2025 | $118.38m |
| Jan 31, 2026 | $129.11m |
| Feb 28, 2026 | $129.41m |
| Mar 31, 2026 | $132.9m |
| Apr 30, 2026 | $128.42m |
| May 31, 2026 | $114.84m |
| Jun 30, 2026 | $95.09m |
| Jul 31, 2026 | $63.4m |
| Aug 31, 2026 | $59.91m |
| Sep 30, 2026 | $16.19m |
| Oct 31, 2026 | $11.8m |
| Nov 4, 2026 (latest) | $11.8m |
Fees and revenue by UTC calendar month, Aug 2025 to Nov 2026
| Month | Fees | Revenue |
|---|---|---|
| Aug 2025 | $77,208 | $0 |
| Sep 2025 | $333,877 | $0 |
| Oct 2025 | $410,118 | $0 |
| Nov 2025 | $478,681 | $0 |
| Dec 2025 | $400,896 | $0 |
| Jan 2026 | $402,281 | $0 |
| Feb 2026 | $301,129 | $0 |
| Mar 2026 | $340,063 | $0 |
| Apr 2026 | $381,221 | $0 |
| May 2026 | $371,698 | $0 |
| Jun 2026 | $373,354 | $0 |
| Jul 2026 | $302,037 | $0 |
| Aug 2026 | $229,075 | $0 |
| Sep 2026 | $73,906 | $0 |
| Oct 2026 | $101,817 | $0 |
| Nov 2026 (to date) | $5,360 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/theo-network-thbill
Frequently asked questions
What is Theo Network thBill's TVL?
As of Nov 4, 2026, Theo Network thBill has $11.81m in total value locked. TVL has decreased 3.1% over the past 30 days.
What chains does Theo Network thBill operate on?
Theo Network thBill operates on 7 chains: Ethereum, Stable, Arbitrum, Base, and Monad and 2 others. Ethereum holds the largest share at 65.8%.
How much has Theo Network thBill generated in fees and revenue?
Over the past 30 days, Theo Network thBill generated $64,775 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $3.69m in fees.
How does Theo Network thBill's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Theo Network thBill ranks #28 by TVL. The category holds $3.714b across 178 protocols, and Theo Network thBill accounts for 0.3% of that total. Similar protocols include Ember, Re, Huma, Tangible RWA, Travessia Credit, Mountain Protocol, Boson Protocol, Sweep, Florence Finance, and Plume Vaults.
How many yield pools does Theo Network thBill have?
DefiLlama tracks 3 Theo Network thBill yield pools with an average APY of 4.2%.