• bitcoinBitcoin (BTC) $ 106,924.00
  • ethereumEthereum (ETH) $ 3,879.18
  • tetherTether (USDT) $ 1.00
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  • xrpXRP (XRP) $ 2.36
  • solanaSolana (SOL) $ 185.20
  • usd-coinUSDC (USDC) $ 0.999882
  • staked-etherLido Staked Ether (STETH) $ 3,874.00
  • tronTRON (TRX) $ 0.313361
  • dogecoinDogecoin (DOGE) $ 0.187621
  • cardanoCardano (ADA) $ 0.637157
  • wrapped-stethWrapped stETH (WSTETH) $ 4,713.59
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  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 106,941.00
  • figure-helocFigure Heloc (FIGR_HELOC) $ 0.997588
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  • chainlinkChainlink (LINK) $ 16.89
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  • stellarStellar (XLM) $ 0.316499
  • hyperliquidHyperliquid (HYPE) $ 35.98
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  • suiSui (SUI) $ 2.48
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  • leo-tokenLEO Token (LEO) $ 9.41
  • avalanche-2Avalanche (AVAX) $ 20.21
  • usdsUSDS (USDS) $ 0.999985
  • usdt0USDT0 (USDT0) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,014.00
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  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • the-open-networkToncoin (TON) $ 2.16
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  • crypto-com-chainCronos (CRO) $ 0.145190
  • daiDai (DAI) $ 1.00
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  • bittensorBittensor (TAO) $ 400.49
  • uniswapUniswap (UNI) $ 6.03
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  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.131632
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  • bitget-tokenBitget Token (BGB) $ 4.62
  • aaveAave (AAVE) $ 209.76
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  • pepePepe (PEPE) $ 0.000007
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • nearNEAR Protocol (NEAR) $ 2.17
  • jito-staked-solJito Staked SOL (JITOSOL) $ 228.80
  • susdssUSDS (SUSDS) $ 1.07
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  • ethereum-classicEthereum Classic (ETC) $ 15.64
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,878.42
  • aptosAptos (APT) $ 3.19
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  • falcon-financeFalcon USD (USDF) $ 0.996411
  • tether-goldTether Gold (XAUT) $ 4,243.89
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.35
  • chainopera-aiChainOpera AI (COAI) $ 10.66
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.190494
  • worldcoin-wldWorldcoin (WLD) $ 0.894908
  • hash-2Provenance Blockchain (HASH) $ 0.037920
  • gatechain-tokenGate (GT) $ 15.96
  • htx-daoHTX DAO (HTX) $ 0.000002
  • usdtbUSDtb (USDTB) $ 1.00
  • story-2Story (IP) $ 5.57
  • kucoin-sharesKuCoin (KCS) $ 13.60
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,434.97
  • arbitrumArbitrum (ARB) $ 0.313078
  • binance-staked-solBinance Staked SOL (BNSOL) $ 199.52
  • bfusdBFUSD (BFUSD) $ 1.00
  • pi-networkPi Network (PI) $ 0.205257
  • internet-computerInternet Computer (ICP) $ 3.09
  • algorandAlgorand (ALGO) $ 0.180553
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,091.74
  • cosmosCosmos Hub (ATOM) $ 3.23
  • vechainVeChain (VET) $ 0.017257
  • wbnbWrapped BNB (WBNB) $ 1,105.62
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,089.37
  • kaspaKaspa (KAS) $ 0.052276
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,173.94
  • skySky (SKY) $ 0.059298
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 35.85
  • pax-goldPAX Gold (PAXG) $ 4,243.57
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.021580
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  • render-tokenRender (RENDER) $ 2.50
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 107,200.00
  • pump-funPump.fun (PUMP) $ 0.003581
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  • sei-networkSei (SEI) $ 0.195447
  • official-trumpOfficial Trump (TRUMP) $ 5.92
  • nexoNEXO (NEXO) $ 1.17
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999903
  • bonkBonk (BONK) $ 0.000014
  • jupiter-exchange-solanaJupiter (JUP) $ 0.343573
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 107,168.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.059392
  • filecoinFilecoin (FIL) $ 1.50
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996872
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.91
  • morphoMorpho (MORPHO) $ 1.86
  • immutable-xImmutable (IMX) $ 0.501759
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,174.07
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 211.69
  • spx6900SPX6900 (SPX) $ 0.968429
  • global-dollarGlobal Dollar (USDG) $ 1.00
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • fasttokenFasttoken (FTN) $ 2.02
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 107,127.00
  • injective-protocolInjective (INJ) $ 8.54
  • celestiaCelestia (TIA) $ 1.01
  • clbtcclBTC (CLBTC) $ 106,759.00
  • doublezeroDoubleZero (2Z) $ 0.231277
  • lido-daoLido DAO (LDO) $ 0.882722
  • ousgOUSG (OUSG) $ 112.98
  • rna-2RNA (SN117) $ 4,708.96
  • msolMarinade Staked SOL (MSOL) $ 246.51
  • blockstackStacks (STX) $ 0.427165
  • optimismOptimism (OP) $ 0.428712
  • plasmaPlasma (XPL) $ 0.418154
  • curve-dao-tokenCurve DAO (CRV) $ 0.530774
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,733.35
  • aerodrome-financeAerodrome Finance (AERO) $ 0.769479
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,877.04
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.265909
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997684
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.86
  • the-graphThe Graph (GRT) $ 0.062944
  • pyth-networkPyth Network (PYTH) $ 0.112867
  • sonic-3Sonic (S) $ 0.170759
  • flokiFLOKI (FLOKI) $ 0.000066
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  • tbtctBTC (TBTC) $ 106,905.00
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  • ether-fiEther.fi (ETHFI) $ 1.08
  • gtethGTETH (GTETH) $ 3,881.37
  • stader-ethxStader ETHx (ETHX) $ 4,155.59
  • usdaiUSDai (USDAI) $ 1.02
  • beldexBeldex (BDX) $ 0.079134
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  • saros-financeSaros (SAROS) $ 0.224036
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Framework Ventures-Backed Stablecoin Protocol USDAI Hits $110M in TVL

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Framework Ventures-Backed Stablecoin Protocol USDAI Hits $110M in TVL

Stablecoin lending protocol USDai (USDAI) has nearly doubled in total value locked (TVL) since last week, jumping from around $60 million on Aug. 26 to cross the $110 million mark this weekend, per data from DefiLlama.

Framework Ventures-Backed Stablecoin Protocol USDAI Hits $110M in TVL

USDai TVL. Source: DefiLlama

On Aug. 26, YZi Labs, previously Binance Labs, the venture arm of the world’s largest crypto exchange, announced that it had made a strategic investment in USDai.

The project, developed by Permian Labs, consists of two tokens. USDai is an over-collateralized synthetic dollar, backed by GPU compute power and built to channel capital into AI infrastructure, per the project’s website. Holders can stake their USDai to receive another token, sUSDai, its yield-bearing counterpart, for a currently advertised APR of about 8%.

To encourage participation in the project’s initial coin offering, the team behind USDai created a rewards system dubbed the “Allo Game” that lets traders mint both USDai and sUSDai to earn points toward allocation for both the ICO and an airdrop.

Framework Ventures-Backed Stablecoin Protocol USDAI Hits $110M in TVL

USDAI and sUSDAI DeFi usage. Source: Dune Analytics

According to Dune data, users have already locked over $5 million worth of USDai assets in Curve, another $2 million in Pendle, and more than $845,000 in Euler, meaning only around 15% of USDai’s total circulating supply is currently being used in DeFi.

In mid-August, USDai raised $13 million in a Series A round led by Framework Ventures, with backing from Dragonfly, Bullish, Arbitrum and others.

Source

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