Hylo Surpasses $100M TVL with Fully Onchain Stablecoin on Solana

The Solana-based project achieved rapid growth from $5.6M to over $100M total value locked in just three months using an LST-backed stablecoin model.

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Terms & Concepts
  • TVL (Total Value Locked): The total value of assets deposited in a decentralized finance protocol, indicating its scale and adoption.
  • Fully Onchain Stablecoin: A cryptocurrency with a stable value whose issuance and operations occur entirely on the blockchain using smart contracts.
  • LST (Liquid Staking Token): A token representing staked assets that can be traded or used in DeFi while still earning staking rewards.