InformationTVLFees and Revenue

Superstate USCC

Total Value Locked$220.21m

TVL by Chain

Ethereum$205.66m

Plume Mainnet$14.47m

Solana$85,018

Key Metrics

Fees (Annualized)$40.22m

Fees 30d$3.3m

Fees 7d$923,677

Fees 24h$327,324

Cumulative Fees$8.43m

Revenue (Annualized)$1.6m

Revenue 30d$130,781

Revenue 7d$32,181

Revenue 24h$4,526

Cumulative Revenue$315,231

Protocol Information

The Superstate Crypto Carry Fund (the “Fund”) offers Qualified Purchasers access to crypto basis (differential between the spot and future price) strategies. The Fund optimizes the yield and risk of crypto cash-and-carry trades across the Bitcoin basis, Ether basis (including staking Ether), and U.S. Treasury securities.

Category:Basis Trading

WebsiteTwitter

Methodology

TVL: TVL corresponds to the total amount of USCC minted onchain, does not include Superstate book-entry AUMView code on GitHubFees: Total Yields from Superstate USCC basis tradingView code on GitHubRevenue: 0.75% Annual Management fee collected by superstateView code on GitHub

Competitors

BounceBit CeDeFi Yield ($546.12m)Solv Basis Trading ($333.36m)DeSyn Basis Trading ($61.1m)Ethena USDe ($13.932b)Stables Labs USDX ($679.83m)Resolv ($474.76m)BitFi Basis ($350.15m)ZEROBASE CeDeFi ($45.21m)Aegis ($37.37m)Theo Straddle Vaults ($11.64m)

Income Statement for Superstate USCC

Q3 2025*Q2 2025
Fees$8.01m$422,782
Revenue$280,382$34,849
Earnings$280,382$34,849