As per Bijing.com, Hylo's on-chain DeFi protocol has achieved over $100 million in total value locked (TVL), surging from $5.6 million in August 2025. The protocol uses yield-bearing LSTs like $JitoSOL as collateral and issues $hyUSD stablecoin and $xSOL leveraged tokens. $hyUSD supply reached $37.7 million with a 164.7% collateralization ratio, while $xSOL's market cap neared $26.9 million. The protocol has generated over $1 million in cumulative revenue, with a daily revenue peak of $33,000, primarily from internal swap transactions. Liquid staking derivatives $hyloSOL and $hyloSOL+ offer up to 18.53% APY, and staking $hyUSD yields a 17.6% weekly return.
Hylo's Fully Collateralized Stablecoin Hits $100M TVL
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