Ask about Usual · freeTotal Value Locked$84.42m
TVL by Chain
Ethereum$84.42m
Key Metrics
Fees 30d$420,952
Fees 30d by chain
Ethereum$420,952
Fees 7d$132,330
Ethereum$132,330
Fees 24h$6,595
Ethereum$6,595
Cumulative Fees$76.31m
Ethereum$76.31m
Revenue 30d$413,816
Revenue 30d by chain
Ethereum$413,816
Revenue 7d$130,964
Ethereum$130,964
Revenue 24h$6,400
Ethereum$6,400
Cumulative Revenue$61.75m
Ethereum$61.75m
Holders Revenue 30d$249,358
Holders Revenue 30d by chain
Ethereum$249,358
Holders Revenue 7d$93,544
Ethereum$93,544
Holders Revenue 24h$1,174
Ethereum$1,174
Cumulative Holders Revenue$13.55m
Ethereum$13.55m
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$8.38m
Earnings 30d$413,816
Earnings 7d$130,964
Earnings 24h$6,400
Cumulative Earnings$61.75m
Market Cap$19.81m
$USUAL Price$0.01
Fully Diluted Valuation$20.02m
Outstanding FDV$26.06m
$USUAL Volume 24h$1.76m
CEX Volume$1.43m
DEX Volume$795,961(45.25% of total)
Staked$10.61m(53.57% of mcap)
Treasury$21.9m
Majors$4.03m
Stablecoins$16.79m
Own Tokens$696,484
Others$381,825
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 APY9.01%
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 5, 2026.
All-time high TVL: $1.871b on Jan 7, 2025. All-time low TVL: $45.26m on Oct 23, 2026.
Daily TVL, Oct 7, 2026 to Nov 5, 2026
| Date | TVL |
|---|---|
| Oct 7, 2026 | $87.24m |
| Oct 8, 2026 | $87.09m |
| Oct 9, 2026 | $86.64m |
| Oct 10, 2026 | $86.66m |
| Oct 11, 2026 | $86.67m |
| Oct 12, 2026 | $86.61m |
| Oct 13, 2026 | $86.3m |
| 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 |
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 5, 2026 (latest) | $85.01m |
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) | $171,225 | $170,247 | $142,839 |
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 5, 2026, Usual has $84.42m in total value locked. TVL has decreased 3.2% 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 $420,952 in fees. Of that, $413,816 was protocol revenue. Based on the trailing year, the annualized rate is $10.46m in fees and $8.38m in revenue.
What is the USUAL token price and valuation?
USUAL is currently trading at $0.01. Its circulating market capitalization is $19.81m, ranking it #1,054. Its fully diluted valuation is $20.02m. Supply currently stands at 1.971b circulating, 1.992b total supply, 3b maximum supply.
How has USUAL performed recently?
USUAL is down 4% over the past 7 days and down 22.9% over the past 30 days. Its all-time high is $1.61, reached on Dec 19, 2024. The token is currently 99.4% 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 9%.
Does Usual have a treasury?
Usual has a tracked treasury currently valued at $21.9m. Its holdings include $16.79m in stablecoins, $4.03m in major assets, $696,484 in its own tokens, $381,825 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.