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Hylo Protocol was founded to provide a decentralized stablecoin system and leveraged asset exposure on the Solana blockchain.

Hylo secured $2 million in a seed funding round led by Robot Ventures, with participation from Colosseum and Solana Ventures.

Price feeds for the protocol's core assets, hyUSD and xSOL, went live on the Pyth Network to support broader DeFi integrations.

The protocol's Total Value Locked (TVL) crossed the $100 million milestone following a period of rapid growth in the ecosystem.

The protocol's cumulative on-chain revenue surpassed $1 million, with over 50% generated from internal swaps between hyUSD and xSOL.