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Hylo Secures $1 Million in Funding Led by Solana Ventures
Hylo, a decentralized finance protocol operating on the Solana blockchain, has successfully raised $1 million in a strategic funding round led by Solana Ventures, with participation from Colosseum. This funding round, which closed on October 20, 2026, is intended to enhance Hylo's leverage and yield infrastructure within the Solana ecosystem, bringing the total disclosed funding for the protocol to $2.5 million.
This latest investment follows a $1.5 million seed round completed in August 2025, which also included contributions from Solana Ventures and Colosseum. Hylo's offerings include liquidation-resistant leverage products and stablecoins designed to generate yield, such as hyUSD and its yield-bearing counterpart, eHYUSD. The protocol's leveraged tokens, including xSOL, xBTC, and xHYPE, are marketed as resistant to forced liquidation, with xSOL providing approximately three times the exposure to SOL.
Since its public launch in August 2025, Hylo has experienced significant growth, reporting nearly $100 million in total value locked shortly after its debut and over $700 million in cumulative trading volume by October 2026. The project gained recognition by securing a top position in the Solana Radar hackathon in November 2024, which has helped establish its presence in the competitive DeFi landscape. With a small team of three co-founders and one founding engineer, Hylo's continued backing from prominent investors indicates confidence in its potential as a key player in Solana's decentralized finance sector.
Source: KLEA News