Delayed · last updated 37 minutes ago
Felix feUSD Price chart
Key stats
Performance
How the price moved over each period.
Supply
75.00M FEUSD circulate. No maximum supply is set.
- Circulating
- 75.00M
- Total supply
- 8.90B
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.08% of market cap. Thin trading; small orders can move the price.
$74.75M market cap, rank #296. Bigger is harder to push around.
1% of the total supply circulates. Big unlocks could dilute holders.
6.6% below its all-time high of $1.07.
Largest recent swing: 0.26% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Felix feUSD (FEUSD)?
Felix feUSD, written feUSD, is a dollar-pegged stablecoin issued by Felix, an on-chain financial services provider that builds trading and lending products on HyperEVM, the smart contract environment of the Hyperliquid network. Unlike stablecoins backed by bank deposits, feUSD is created by users who lock crypto collateral and borrow against it.
How feUSD works
The feUSD market uses the Liquity v2 architecture. Borrowers deposit collateral such as HYPE, UBTC or liquid staking tokens, pay an upfront borrow fee and set their own interest rate, then mint feUSD up to the limit their collateral allows. Positions are over-collateralised, and there is no centralised custodian holding reserves.
- Borrowers: mint feUSD against collateral, often to swap it into other assets for leverage.
- Stability pool depositors: deposit feUSD to absorb liquidations. Their feUSD is burned and they receive the liquidated collateral, plus borrower interest and a share of fees.
- Redeemers: when feUSD trades below one dollar, anyone can redeem it for one dollar of collateral, starting with the positions paying the lowest interest rate.
Redemptions and liquidations are what pull the market price back toward one dollar. Interest rates are set by borrowers rather than by a central committee, and borrowers who set low rates are the first to be redeemed against, which makes the rate choice a risk decision as well as a cost. Felix also runs separate lending markets built on Morpho, which are independent of the feUSD peg.
FEUSD supply and token design
There is no fixed cap. Supply is the total amount of debt outstanding, so it grows when users borrow and shrinks when loans are repaid, redeemed or liquidated. Live circulating supply is shown in the market data on this page. The HyperEVM token contract is 0x02c6a2fa58cc01a18b8d9e00ea48d65e4df26c70.
Official information is on usefelix.xyz.
What to check before using FEUSD
- Borrowers face liquidation if collateral falls too far, and low-rate positions face redemption when feUSD trades under one dollar.
- Stability pool depositors receive volatile collateral instead of feUSD during liquidations, so a deposit is not a risk-free dollar position.
- Collateral quality matters. Assets such as HYPE are far more volatile than the dollar value they back.
- The market price can sit away from one dollar when liquidity is thin or during stress.
- The system depends on HyperEVM, its oracles and its smart contracts, so chain or contract failures affect the stablecoin.
- Felix offers other products beyond feUSD, and the stablecoin market is separate from them, so confirm which product you are using before you deposit.
Felix feUSD project profile
- Open source
- No
Token contracts
- Hyperevm:
0x02c6a2fa58cc01a18b8d9e… - Hyperliquid:
0x88102bea0bbad5f301f6e9…
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Felix feUSD market analysis
With a market capitalisation of $74.75 million, Felix feUSD (FEUSD) is classed as a micro-cap asset and ranks #341 of 406 cryptocurrencies with a reported market cap on CryptoWave, larger than about 16.0% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $57.9 thousand of FEUSD changed hands, equal to 0.08% of its market cap, which puts its trading volume ahead of about 0.0% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 18% of tracked assets.
Price action: FEUSD moved −0.26% in 24 hours and −0.38% over 7 days. It outperformed Bitcoin by 1.92 percentage points over 24 hours and by 3.21 points over 7 days. Against the median tracked coin (ahead by 1.74 points on the day and ahead by 4.12 points on the week), it has been a relative strength in recent sessions.
To overtake Midas mTBILL (MTBILL) just above it, Felix feUSD would need to grow its market cap by about 0.2%; it is 0.4% larger than Qtum (QTUM) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
Felix feUSD FAQ
What is feUSD?
feUSD is an over-collateralised dollar stablecoin from Felix on HyperEVM. Users mint it by locking crypto collateral and borrowing against it.
How does feUSD keep its peg?
Redemptions let anyone swap feUSD for one dollar of collateral, and liquidations burn feUSD from the stability pool. Both pull the price back toward one dollar.
What backs feUSD?
Crypto collateral locked in borrower positions, such as HYPE, UBTC and liquid staking tokens. There is no bank reserve or central custodian.
How many feUSD are there?
There is no fixed maximum. Supply equals the debt borrowers have minted, and the live figure appears in the market data on this page.
Price history
| Date | Open | High | Low | Close |
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Historical price data is not available yet for this asset. | ||||