cryptonist

DeFi protocols

Theo Network thUSD

Data as of 3 October 2026 · Official site

Theo Network thUSD is a protocol DefiLlama files under RWA, deployed on 1 chain. On 3 October 2026 it held $132.3M in total value locked, with no 30-day comparison available, placing it 192nd of 225 protocols in this set. TVL is deposits at current prices, not revenue and not users. The note below says what it leaves out.

Total value locked, over time

Total value locked, USD: $135.8M at the start of the series, $132.3M at the end. $0 $50.0M $100.0M $150.0M $200.0M Sept 26Sept 26Sept 26Sept 26Oct 26
Total value locked, USD. Weekly points for the last two years, monthly before. Source: DefiLlama, retrieved 3 October 2026.

Among protocols

Total value locked by protocol, 225 tracked: top 24, and Theo Network thUSD at 192. Source: DefiLlama, 3 October 2026.
#ProtocolTotal value locked
1 Lido $26.4B
2 Aave V3 $18.1B
3 SSV Network $14.0B
4 LayerZero V2 $11.7B
5 Morpho Blue $11.3B
6 Binance staked ETH $10.0B
7 WBTC $9.9B
8 Coinbase Bridge $8.4B
9 Hyperliquid Bridge $7.1B
10 EigenCloud $7.0B
11 Sky Lending $5.9B
12 Binance Bitcoin $5.8B
13 SparkLend $5.5B
14 ether.fi Stake $5.2B
15 Ethena USDe $4.9B
16 JustLend V1 $3.9B
17 Arbitrum Bridge $3.7B
18 Babylon Protocol $3.4B
19 USDT0 $3.4B
20 JustLend sTRX $3.3B
21 Base Bridge $3.2B
22 Maple $3.0B
23 Polygon Bridge $2.9B
24 JustCryptos $2.8B
192 Theo Network thUSD $132.3M

See all 225 protocols

TVL by chain

TVL by chain, Theo Network thUSD, 3 October 2026. Source: DefiLlama.
ChainUSD
Ethereum $132.3M

About Theo Network thUSD

Category: RWA. Deployed on 1 chain. Listed by DefiLlama on 2026-09-10.

thUSD is a yield-bearing stablecoin backed by thBILL (tokenized U.S. Treasury exposure) and a hedged physical-gold carry strategy; yield accrues to holders who stake into sthUSD. (DefiLlama's listing text.)

Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.