Hylo USD (HYUSD)
CryptoScore Pro global score : 56/100 (computed on 2026-10-29)
Hylo USD (HYUSD) is a stablecoin pegged to the US dollar, operating exclusively on the Solana blockchain. Designed as an algorithmic and crypto-backed stablecoin, it targets users seeking fast, low-cost transactions within the Solana ecosystem, particularly those engaged in decentralized finance (DeFi), trading, and payments. Its dual classification as both algorithmic and crypto-backed suggests a hybrid mechanism to maintain its peg, combining over-collateralization with algorithmic adjustments to supply. This positions HYUSD as a potential alternative to established stablecoins like USDC or USDT on Solana, addressing liquidity fragmentation and offering a native solution for Solana-based applications. The project’s relevance is amplified by Solana’s growing adoption, where stablecoins play a critical role in enabling seamless transactions, yield farming, and cross-border payments without the latency or fees associated with Ethereum-based alternatives. Hylo USD is built on Solana’s high-performance blockchain, leveraging its sub-second finality and low transaction costs to ensure efficiency. The token’s smart contract, verified and deployed at the address…
Scores by pillar
| Technology | 60/100 |
|---|---|
| Tokenomics | 48/100 |
| Team | 45/100 |
| Adoption | 68/100 |
| Liquidity | 53/100 |
| Compliance | 51/100 |
Market data
| Price | $0.9986 |
|---|---|
| Market cap | $23.96M |
| 24h volume | $2.14M |
| Market cap rank | #822 |
| 24h change | +0.08% |
| 7d change | 0% |
| Blockchain | Solana |
| Sector | Stablecoin |
Analysis
Hylo USD aims to reduce liquidity fragmentation on Solana. This stablecoin uses a hybrid mechanism, combining over-collateralization and algorithmic adjustments, to maintain its peg to the dollar. The token is used for fast transactions and yield farming, meaning yield generation, in DeFi.