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Hylo raises $1M led by Solana Ventures to expand its DeFi leverage and yield products on Solana.

Protocol Fundamentals
20 Oct 2026
Crypto Briefing
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Bullish
Hylo raises $1M led by Solana Ventures to expand its DeFi leverage and yield products on Solana.

Hylo, a decentralized finance protocol on Solana, secured $1 million in a strategic funding round led by Solana Ventures, with participation from Colosseum. This funding will support the expansion of Hylo's leverage and yield infrastructure, including its liquidation-resistant leveraged tokens and stablecoins. The new round follows a $1.5 million seed round, bringing total disclosed funding to $2.5 million. Hylo has shown strong growth since its public launch in August 2025, with nearly $100 million in total value locked and over $700 million in cumulative trading volume by October 2026, signaling strong investor confidence in Solana's DeFi ecosystem.

Hylo's recent $1 million strategic funding round led by Solana Ventures provides context for cryptocurrency market activity on Pluang. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 20, 2026 23:21 WIB: out of 50 major cryptocurrencies, 42 rose and 7 fell today. Notable movers include AXS at Rp18.667 with a 3.77% increase and a Pluang order activity of 69% Buy, SNX at Rp3.999 up 3.39% but with 99% Sell activity, and EGLD at Rp67.053 rising 3.23% with 57% Buy activity. The highest price among these is EGLD at Rp67.053.

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