Felix feUSD FEUSD

What FEUSD actually is on-chain

Felix feUSD is an ERC-20 deployed on HyperEVM, at contract address 0x02c6a2fa58cc01a18b8d9e00ea48d65e4df26c70. That address, not the ticker FEUSD, is what uniquely identifies this asset: anyone can deploy a second token calling itself FEUSD, but the contract is unforgeable. Verify it against hyperevmscan.io before sending funds or approving a spend.

Because it lives on HyperEVM, FEUSD is held in any EVM-compatible wallet, transfers are paid for in HYPE rather than in FEUSD itself, and secondary liquidity sits in HyperSwap pools. Two consequences follow for anyone setting alerts: you need HYPE in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For FEUSD the project publishes a whitepaper and an active account as @felixprotocol. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where FEUSD sits in the market

#381 places Felix feUSD in the lower mid-cap band. At this end of the mid-cap band listing status is not a fixed property. Exchanges review names like FEUSD on volume grounds, and a delisting notice repricing the asset faster than any chart pattern is a more realistic tail risk than anything in the indicator set.

We are not currently receiving a live FEUSD order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted. FEUSD is a HyperEVM asset, so whatever turnover exists is most likely in HyperSwap pools rather than on a centralised book, and every fill there costs HYPE in gas on top of the pool's own fee.

FEUSD against its all-time high

Felix feUSD's record high is $1.07, set on 2025-04-02. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. It was set roughly 2 years ago, so it belongs to the current cycle but not to current conditions. We are not quoting a drawdown from it because no tracked venue is giving us a live FEUSD price — a stale or single-pool number would make that percentage look precise when it is not.

FEUSD across its historical range

The recorded range is comparatively narrow: 1.51x between $0.7059 and $1.07. Either the price history is short, or the asset is designed not to move.

The record low of $0.7059 was printed on 2025-10-10 — about a year ago. We have no live quote to measure the current distance from it.

FEUSD supply structure

Only 0.8% of FEUSD's 8.90 billion FEUSD total supply is circulating; 8.83 billion — 99.2% of the total — is not yet in the market. A float this narrow means the quoted price is set by a small fraction of the eventual supply, and the unlock schedule, not demand, is the dominant variable in the supply narrative. Thin float also amplifies both directions of any move.

What kind of asset FEUSD is

Felix feUSD is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. It is backed by on-chain collateral rather than by bank deposits, so the peg's real dependency is the collateral ratio and the liquidation engine behind it. The number to watch is not the price but the health of the collateral during a fast drawdown in the assets backing it. At a fully diluted value above a billion dollars it is large enough that its peg is defended by deep secondary liquidity, not only by the issuer's redemption promise.

CoinGecko files FEUSD under 5 categories, including Stablecoins, Synthetic Asset, Hyperliquid Ecosystem, Crypto-backed Stablecoin, HyperEVM Ecosystem. CoinGecko also records deployments on Hyperliquid (40 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a Felix feUSD alert that is worth receiving

Felix feUSD is the ERC-20 at 0x02c6…6c70 on HyperEVM — high dated 2025-04-02 — rank #381. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →