The round marks Solana Ventures' second and Colosseum's third investment in Hylo, and adds angel investors including Helius CEO Mert, Jupiter COO Kash Dhanda, and SwissBorg CTO Nicolas Remond. Hylo says it pioneered Leveraged Tokens on Solana and built the only decentralized stablecoin with sustained traction there. Per the announcement, Hylo-issued assets have exceeded $1.7B in onchain volume, generated nearly $3M in cumulative revenue, and distributed over $2M in yield, serving 30K monthly active users. Plans include expanding Leveraged Tokens into equities, commodities, and yield-bearing assets, plus hiring in business development and marketing growth.

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Thread · 1 event
  1. First reportHylo raises $1 million in a strategic round led by Solana Ventures4 acc.
  2. Leviathan published this article

All times UTC.

Cited posts

  • @hylo_so HyloFirst reportOn X ↗

    Hylo closed a $1M strategic funding round led by @SolanaVentures with participation from @colosseum. This marks Solana Ventures' 2nd and Colosseum's 3rd investment in Hylo, reflecting their continued conviction in our vision to scale leverage and yield infrastructure on Solana.

  • @SolanaFloorOn X ↗

    NEW: @hylo_so raises $1M in a strategic round led by @SolanaVentures, with participation from @colosseum and angels @mert and @kashdhanda, to scale leverage and yield infrastructure on Solana.

  • @arifkazi_ ArifOn X ↗

    not enough of you are talking about what hylo pulled off huge congrats on the raise team. well earned & clearly the right people saw it early what they hv stacked: $1.7b+ onchain volume ~$3m protocol revenue $2m+ yield paid back to users 30k monthly actives …

Show 1 more cited post
  • @0xPlish ◎ Plish | HyloOn X ↗

    A DeFi team raising in this economy? If you don't understand @hylo_so yet you'll soon be forced to. Grateful to @SolanaVentures and @colosseum for their continued support. And a big welcome to angels @mert @kashdhanda @cavemanloverboy and more! https://t.co/wWsoFdOv2w

TradersTrader calls tracked by Elfa · not advice

Positioning · SOL

Open1,679 open positions · 1,572 long · 107 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 21 Oct 05:19 UTC.

Reaction since the first post

Since 20 Oct 15:26 UTC9 calls opened · 9 long · 0 short

Whole crypto market, not this story

Crowding14th percentile · vs last 28 days, 50 typical
Pulse 24h85/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.3% long · 11,149 accounts

As of 21 Oct 05:20 UTC.

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