Usual (USUAL)
Total Value Locked$179.66m
TVL by Chain
Ethereum$157.31m
staking$22.35m
Key Metrics
Fees (Annualized)$16.46m
Fees 30d$1.35m
Fees 7d$247,672
Fees 24h$31,966
Cumulative Fees$57.36m
Revenue (Annualized)$7.49m
Revenue 30d$613,856
Revenue 7d$131,933
Revenue 24h$15,403
Cumulative Revenue$2.18m
Holders Revenue (Annualized)$1.47m
Holders Revenue 30d$120,245
Holders Revenue 7d$21,859
Holders Revenue 24h$102
Cumulative Holders Revenue$7.37m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$7.49m
Earnings 30d$613,856
Earnings 7d$131,933
Earnings 24h$15,403
Cumulative Earnings$2.18m
Market Cap$41.41m
$USUAL Price$0.027
All Time High$1.61
All Time Low$0.01
Fully Diluted Valuation$41.89m
Outstanding FDV$27.65m
$USUAL Volume 24h$29.38m
CEX Volume$23.7m
DEX Volume$5.78m(19.68% of total)
Staked$22.35m(53.98% of mcap)
$USUAL Liquidity$333,219
Uniswap V3$333,219
Treasury$15.85m
Majors$6,598
Stablecoins$10.28m
Own Tokens$3.29m
Others$2.27m
Total Raised$18.5m
Apr 17, 2024$7mRound: Strategic Investors: 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 CoutureSource: https://x.com/usualmoney/status/1780601633095000332
Nov 6, 2024$1.5mRound: Community RoundInvestors: echoxyz, Comfy Capital, Jed BreedSource: https://x.com/usualmoney/status/1854185800969421308
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^0Source: https://x.com/usualmoney/status/1871213374547370328
Protocol Information
The Usual protocol is a decentralized finance framework centered around USD0, a stablecoin designed as a liquid deposit token. It embodies the principle of redistributing value generated by users through a revenue-based token, USUAL. This approach enables users to access yields while simultaneously gaining exposure to the protocol’s growth and long-term success.
Category:RWA
Sub Category: Treasury Bills
Audits:
Methodology
TVL: TVL represents the value in RWA held by the protocolView code on GitHubFees: Yields from underlying assets,usual stability loan interests, total USD0 redemption fees and USD0++ early unstake fees.View code on GitHubRevenue: Total fees collected by protocol, distributed to USUAL token stakers, buyback and burn.View code on GitHubHolders Revenue: Total fees are distributed to token holders, token burnsView code on GitHubIncentives: 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
Hacks
Date: May 27, 2025
Amount: $43,000
Classification: Protocol Logic
Technique: Arbitration Exploit
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
SourceIncome Statement for Usual
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | |
|---|---|---|---|---|---|---|
| Fees | $5.09m | $3.49m | $21.53m | $21.02m | $5.93m | $302,321 |
| Revenue | $2.18m | $0 | $0 | $0 | $0 | $0 |
| Earnings | $2.18m | $0 | $0 | $0 | $0 | $0 |
| Token Holder Net Income | $258,912 | $1,772 | $5.15m | $1.96m | $0 | $0 |