Ask about Usual · freeTotal Value Locked$81.91m
TVL by Chain
Ethereum$81.91m
Key Metrics
Fees 30d$548,006
Fees 30d by chain
Ethereum$548,006
Fees 7d$197,453
Ethereum$197,453
Fees 24h$4,406
Ethereum$4,406
Cumulative Fees$76.51m
Ethereum$76.51m
Revenue 30d$541,611
Revenue 30d by chain
Ethereum$541,611
Revenue 7d$196,080
Ethereum$196,080
Revenue 24h$4,212
Ethereum$4,212
Cumulative Revenue$61.95m
Ethereum$61.95m
Holders Revenue 30d$377,939
Holders Revenue 30d by chain
Ethereum$377,939
Holders Revenue 7d$159,791
Ethereum$159,791
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$13.71m
Ethereum$13.71m
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$8.45m
Earnings 30d$541,611
Earnings 7d$196,080
Earnings 24h$4,212
Cumulative Earnings$61.95m
Market Cap$21.7m
$USUAL Price$0.011
Fully Diluted Valuation$21.75m
Outstanding FDV$28.4m
$USUAL Volume 24h$2.07m
CEX Volume$1.69m
DEX Volume$856,890(41.35% of total)
Staked$11.54m(53.18% of mcap)
Treasury$27.42m
Majors$9.47m
Stablecoins$14.4m
Own Tokens$796,918
Others$2.76m
Total Raised$18.5m
Apr 17, 2024$7mRound: StrategicInvestors: IOSG Ventures, Kraken Ventures, GSR, Mantle Network, Flowdesk, StarkWare, Avid3, Bing Ventures, Breed VC, Hypershere, Kima Ventures, Psalion, Public Works, 0x Ventures, LBank Labs, TRGC, Capsule Corp., Pleb Capital, Kalpha DAO, KaizenDAO, Primony, 0xSalazar, apolynya, HighStakesCap, DCF God, Nicolas Bacca, Sebastien Couture
Nov 6, 2024$1.5mRound: Community RoundInvestors: echoxyz, Comfy Capital, Jed Breed
Dec 23, 2024$10mRound: Series AInvestors: Binance Labs, Kraken Ventures, Galaxy Digital, OKX Ventures, Coinbase Ventures, Wintermute Ventures, Echo, IOSG Ventures, Fasanara Digital Ventures, Symbolic Capital, Amber Group, GSR, Psalion, Hypershere, Avid3, FunFair Ventures, LeadBlock Partners, White Loop Capital, PHAEDRUS, Krypital Group, JPEG Trading, M^0
Protocol Information
Usual is a secure and decentralized fiat-backed (RWA) stablecoin issuer that redistributes value and ownership through the $USUAL token.
- Usual USD0RWA
- Usual ETH0Synthetics
- Usual EUR0RWA
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked7
Average Supply APY8.83%
Hacks
Date: May 27, 2025
Protocol: Usual USD0
Amount: $43,000
Classification: Input Validation
Technique: Missing Input Validation
Usual USD0++ Investment vault lost $43K on May 27, 2025 via an arbitrage exploit. Attacker abused a capped unwrapping mechanism lacking proper validation while depositing into the fund; no user funds were affected.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Usual history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Jul 15, 2024 to Nov 12, 2026.
All-time high TVL: $1.871b on Jan 7, 2025. All-time low TVL: $45.26m on Oct 23, 2026.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $86.08m |
| Oct 15, 2026 | $85.72m |
| Oct 16, 2026 | $85.73m |
| Oct 17, 2026 | $85.71m |
| Oct 18, 2026 | $85.69m |
| Oct 19, 2026 | $85.7m |
| Oct 20, 2026 | $85.54m |
| Oct 21, 2026 | $85.59m |
| Oct 22, 2026 | $85.62m |
| Oct 23, 2026 | $45.26m |
| Oct 24, 2026 | $45.48m |
| Oct 25, 2026 | $85.54m |
| Oct 26, 2026 | $85.34m |
| Oct 27, 2026 | $85.35m |
| Oct 28, 2026 | $85.37m |
| Oct 29, 2026 | $85.38m |
| Oct 30, 2026 | $45.67m |
| Oct 31, 2026 | $85.31m |
| Nov 1, 2026 | $85.33m |
| Nov 2, 2026 | $85.33m |
| Nov 3, 2026 | $85.13m |
| Nov 4, 2026 | $84.85m |
| Nov 5, 2026 | $85.01m |
| Nov 6, 2026 | $84.3m |
| Nov 7, 2026 | $84.26m |
| Nov 8, 2026 | $83.53m |
| Nov 9, 2026 | $83.44m |
| Nov 10, 2026 | $83.13m |
| Nov 11, 2026 | $82.37m |
| Nov 12, 2026 | $81.94m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.733b |
| Jan 31, 2025 | $1.215b |
| Feb 28, 2025 | $1.057b |
| Mar 31, 2025 | $644.91m |
| Apr 30, 2025 | $435.86m |
| May 31, 2025 | $366.95m |
| Jun 30, 2025 | $331.54m |
| Jul 31, 2025 | $314.03m |
| Aug 31, 2025 | $284.62m |
| Sep 30, 2025 | $258.15m |
| Oct 31, 2025 | $211.36m |
| Nov 30, 2025 | $158.12m |
| Dec 31, 2025 | $149.71m |
| Jan 31, 2026 | $125.86m |
| Feb 28, 2026 | $114.96m |
| Mar 31, 2026 | $110.97m |
| Apr 30, 2026 | $106.39m |
| May 31, 2026 | $100.9m |
| Jun 30, 2026 | $96.8m |
| Jul 31, 2026 | $96.72m |
| Aug 31, 2026 | $93.33m |
| Sep 30, 2026 | $90.55m |
| Oct 31, 2026 | $85.31m |
| Nov 12, 2026 (latest) | $81.94m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.733b |
| Dec 31, 2025 | $149.71m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $3.4m | $3.18m | $0 |
| Jan 2025 | $5.03m | $5.03m | $0 |
| Feb 2025 | $4.74m | $4.68m | $0 |
| Mar 2025 | $12.08m | $11.55m | $3.08m |
| Apr 2025 | $17.72m | $16.95m | $8.25m |
| May 2025 | $2.45m | $1.49m | $93,200 |
| Jun 2025 | $4.86m | $3.73m | $3,871 |
| Jul 2025 | $3.18m | $1.82m | $742,551 |
| Aug 2025 | $2.67m | $1.24m | $155,754 |
| Sep 2025 | $3.5m | $2.04m | $177,442 |
| Oct 2025 | $3.05m | $1.48m | $47,876 |
| Nov 2025 | $2.02m | $852,165 | $185,690 |
| Dec 2025 | $1.2m | $679,258 | $22,421 |
| Jan 2026 | $2.39m | $2.03m | $89,575 |
| Feb 2026 | $503,918 | $452,270 | $136,877 |
| Mar 2026 | $362,062 | $317,893 | $1,105 |
| Apr 2026 | $2.22m | $2.2m | $991.06 |
| May 2026 | $305,121 | $277,593 | $1,211 |
| Jun 2026 | $291,286 | $266,415 | $1,167 |
| Jul 2026 | $327,117 | $305,664 | $36,023 |
| Aug 2026 | $420,707 | $407,806 | $145,183 |
| Sep 2026 | $331,683 | $322,623 | $130,164 |
| Oct 2026 | $354,775 | $346,925 | $173,740 |
| Nov 2026 (to date) | $301,717 | $299,368 | $235,409 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/usual
Frequently asked questions
What is Usual's TVL?
As of Nov 12, 2026, Usual has $81.91m in total value locked. TVL has decreased 5.1% over the past 30 days.
What chains does Usual operate on?
Usual operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Usual generated in fees and revenue?
Over the past 30 days, Usual generated $548,006 in fees. Of that, $541,611 was protocol revenue. Based on the trailing year, the annualized rate is $10.16m in fees and $8.45m in revenue.
What is the USUAL token price and valuation?
USUAL is currently trading at $0.011. Its circulating market capitalization is $21.78m, ranking it #964. Its fully diluted valuation is $21.83m. Supply currently stands at 1.984b circulating, 1.989b total supply, 3b maximum supply.
How has USUAL performed recently?
USUAL is up 11.4% over the past 7 days and down 3.3% over the past 30 days. Its all-time high is $1.61, reached on Dec 19, 2024. The token is currently 99.3% below that level.
Which protocols are included in Usual?
Usual is a parent protocol whose tracked products include Usual USD0, Usual ETH0, and Usual EUR0.
How many yield pools does Usual have?
DefiLlama tracks 7 Usual yield pools with an average APY of 8.8%.
Does Usual have a treasury?
Usual has a tracked treasury currently valued at $27.42m. Its holdings include $14.4m in stablecoins, $9.47m in major assets, $796,918 in its own tokens, $2.76m in other assets.
Has Usual ever been exploited?
Usual has 1 recorded security incident. The most recent incident occurred on May 27, 2025 and involved $43,000. It was classified as Input Validation.