Last USD
USDXL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
USDXL (Last USD) is a USD-pegged hybrid stablecoin native to the HypurrFi lending protocol on Hyperliquid EVM. The project exhibits profound structural deficiencies across all evaluated areas. Development activity is stalled and completely opaque, with no public code repositories or roadmap milestones. Tokenomics present extreme risks due to an 88 billion total supply versus only ~3.2 million circulating, combined with undocumented mint/burn mechanics and unverified collateral backing. Market presence is minimal, with low liquidity, low volume, and no adoption outside its immediate niche. Team identity is entirely anonymous, governance is nonexistent, and there are no public smart contract audits or verified security reviews. Note on data gaps: Community Support lacked sufficient verifiable project-specific channels and was excluded from scoring, with its weight redistributed across the remaining sections. No discrete qualifying red-flag incidents (such as major exploits, legal actions, or catastrophic depegs) were identified, but the systemic lack of transparency and security validation poses severe risk.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Last USD (USDXL)
Last USD (USDXL) is a USD-pegged hybrid stablecoin native to the HypurrFi lending protocol on Hyperliquid EVM (HyperEVM). It is designed to function within the HypurrFi platform as a borrowing and lending asset, with a backing structure referencing stablecoins and HYPE. The token's utility is protocol-specific, with adoption primarily confined to its native deployment.
The tokenomics of USDXL feature a large disparity between its circulating supply and total supply, with approximately 3.2 million tokens circulating out of an 88 billion total supply. Public documentation does not provide verifiable details regarding mint and burn mechanics, vesting schedules, or supply-control governance, resulting in structural opacity regarding collateral management and issuance policies.
USDXL exhibits substantial structural and operational risks. The project's development is stalled with no public code repositories or roadmap milestones, and the founding team remains entirely anonymous with no disclosed governance framework or multisig configuration. Furthermore, USDXL has no public smart contract audits or third-party security assessments. The token trades with low liquidity and thin daily trading volumes, maintaining a slight discount to its peg at approximately $0.98.