Hylo, a decentralized finance protocol built on Solana, has closed a $1 million strategic funding round led by Solana Ventures, with participation from Colosseum. This funding brings the total disclosed funding to $2.5 million. The funds will be used to expand Hylo’s leverage and yield infrastructure on Solana. The protocol reached nearly $100 million in total value locked shortly after its public launch in August 2025, and reported more than $700 million in cumulative trading volume by October 2026. Hylo offers leveraged tokens including xSOL providing roughly 3x exposure to SOL, along with hyUSD, a stablecoin, and eHYUSD, a yield-bearing version.
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