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Tokenized capital, measured onchain

$296.8B of tokenized capital is onchain. $3.5B of it moved since Oct 24.

Stablecoins and tokenized real-world assets on 50 chains, measured to one standard and rated daily.

Latest onchain read Oct 30, 2026

Updated daily

Capital measured

$296.8B

Outstanding supply, all asset classes. This total excludes 309 instruments whose capital we do not yet measure. Each is added once its capital is measured.

Moved · since Oct 24

$3.5B

Sum of each chain's net change, unsigned

Instruments rated

42

Across 4 asset classes

Issuers rated

32

Sponsors of rated instruments

Asset classes rated

4

Each on its own rubric

Chains measured

50

Each carrying measured supply

LATEST RESEARCHAll research →

NEWOCT 31·STABLECOINS

An Estimated US$6.3 Billion Stolen, US$2.8 Billion Frozen: Why the Binance Hacker Still Holds US$1.2 Billion in Ether

A little over a day after the Binance theft, issuers have frozen about US$2.8 billion, none of it returned.

  1. OCT 30Four Hours, 20 Freezes, One Attacker: Inside the Race to Freeze the Binance Hack, Second by SecondSTABLECOINS
  2. OCT 27Two in Three Addresses Holding Solana's Largest Tokenized-Stock Line Hold Less Than a DollarTOKENIZED EQUITIES
  3. OCT 20Spiko's Euro T-Bill Fund Is 30% Smaller. The Accounts Behind Most of Its Arbitrum Redemptions Now Hold Spiko's Amundi Fund.TOKENIZED TREASURIES
  4. OCT 19OKX's X Layer Has Lost US$471 Million of USDG Since September as Burns Outpace MintingSTABLECOINS
  5. OCT 16USD1 Shrank US$385.0 Million in Nine Days as World Liberty Prepares to Take Over Its IssuanceSTABLECOINS

OnChain Benchmark · Market composition

Supply by asset class · Real-world assets

Fig 1

Outstanding supply of tokenized real-world assets by class.

Series
Asset classSupply▼ShareChange · since Oct 24Measured
Stablecoins$273.8B92.3%-$2.5B27
Tokenized treasuries$12.4B4.2%-$334.9M24
Commodities$5.5B1.9%-$84.8M14
Tokenized equities$2.9B1.0%—451
Private credit$1.7B0.6%-$43.4M5
Equity ETFs$398.3M0.1%—70
Bond ETFs$45.9M<0.1%—12
Watchlist funds$24.2M<0.1%—2
Commodity ETFs$19.6M<0.1%—6

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Indexes

5 published indexes

A daily level for each slice of the market, built from the same measured data.

As of As of the Oct 31 close

IndexScoreChangeTrend

  • OnChain Benchmark RWA Quality Index

    Tokenized real-world assets · Previous methodology

    67.7

    —

  • OnChain Benchmark Stablecoin Quality Index

    Stablecoins

    67.5

    —

  • OnChain Benchmark Tokenized Gold Coverage Index

    Tokenized real-world assets

    77.6

    -0.1

  • OnChain Benchmark US-Regulated Stablecoin Index

    Stablecoins

    81.5

    —

  • OnChain Benchmark European Regulated Stablecoin Index

    Stablecoins · Previous methodology

    83.8

    —

Change in index points · since Oct 26All indexes →

Fund flows · since Oct 24

Net change in fund supply, by chain

Start and end of the window and the fund behind each move. Only funds measured at both ends count, so new coverage never reads as inflow.

As of Oct 30, 2026

Sum of chain net changes, unsigned $3.5B

ChainStartEndNet change▼Driver
Arc$916.5M$1.1B+$201.5MUSDC+$198.8M
Polygon$659.0M$679.8M+$20.8MUSDC+$20.8M
TON$490.8M$500.8M+$10.0MUSDT+$10.0M
Ink$105.8M$115.3M+$9.5MUSDC+$9.2M
Optimism$134.6M$142.7M+$8.2MUSDC+$8.2M
Algorand$98.1M$105.8M+$7.7MUSDC+$7.7M
Sui$340.7M$347.2M+$6.5MUSDC+$7.0M
XDC$59.0M$63.3M+$4.3MUSDC+$4.4M
Unichain$17.1M$20.8M+$3.7MUSDC+$3.7M
Celo$97.5M$99.3M+$1.8MUSDC+$1.8M
Plasma$2.8M$3.6M+$722.9KUSDC+$748.8K
NEAR$76.0M$76.5M+$447.4KUSDC+$447.4K
Linea$23.9M$24.0M+$152.5KUSDC+$162.8K
Etherlink$6.1M$6.1M+$938USTBL+$2.6K
AB Core$18.6M$18.6M$0USD1+$0
ZKsync Era$10.6M$10.6M$0USDC+$0
Mantle$3.2M$3.2M-$2.5KUSDY−$2.5K
XRP Ledger$33.1M$33.1M-$4.7KEURCV−$21.0K
Cronos$8.9M$8.8M-$68.8KEURC−$77.3K
Codex$4.3M$4.2M-$74.2KUSDC−$74.2K
Morph$22.9M$22.5M-$367.8KUSDC−$367.8K
Injective$11.3M$10.6M-$713.1KUSDC−$713.1K
Gnosis$17.7M$16.5M-$1.1MEURe−$1.1M
Plume$9.1M$7.9M-$1.2MUSTB−$1.2M
World Chain$17.5M$16.2M-$1.3MUSDC−$1.3M
Avalanche$703.7M$700.4M-$3.3MUSDC−$57.1M
Hyperliquid$6.4B$6.4B-$4.7MUSDC−$4.7M
Sei$297.3M$291.3M-$6.1MUSDC−$6.2M
Kinesis (KAU)$350.7M$340.8M-$9.9MKAU−$9.9M
Monad$225.9M$214.7M-$11.2MUSDC−$11.2M
Sonic$102.7M$90.2M-$12.5MUSDC−$12.5M
Base$4.4B$4.4B-$13.5MUSDC−$11.3M
Pharos$33.7M$19.5M-$14.2MUSDC−$16.2M
Kinesis (KAG)$197.9M$180.3M-$17.5MKAG−$17.5M
Robinhood Chain$680.2M$653.1M-$27.1MUSDG−$27.1M
BNB Chain$6.7B$6.6B-$47.3MU−$31.2M
Aptos$702.3M$636.7M-$65.7MUSDT−$90.0M
Stellar$1.3B$1.2B-$103.6MUSDC−$82.5M
X Layer$1.4B$1.2B-$121.9MUSDG−$123.1M
Arbitrum$3.0B$2.9B-$176.6MUSDC−$177.3M
Tron$93.9B$93.7B-$258.1MUSDD−$143.3M
Solana$11.9B$11.6B-$259.0MUSDT−$430.0M
Ethereum$156.2B$154.2B-$2.1BUSDT−$1.9B
Window Oct 24 → Oct 30, 2026All flows →

Ratings

Ratings by asset class

Each asset class is rated on its own rubric, so grades are read within a class. Institutional-grade is 70 and above; Verified is 85 and above.

As of Oct 30, 2026

Asset classRated▼70+85+Top in class
Tokenized treasuries2061BENJI88.0
Stablecoins1571USDC85.3
Commodities621PAXG92.0
Bond ETFs100TBLLx51.0
42 rated across 4 asset classesAll ratings →

Series through Oct 14, 2026, under the previous methodology. The index is being republished under the current rules.

OnChain Benchmark · Market composition, previous methodology

Supply by asset class · Real-world assets

Fig 1b

Outstanding supply under the previous methodology, a separate series from the figure above. Days before the last 90 show every seventh day.

Window
Series
ONCHAIN
BENCHMARK
Source: OnChain Benchmark · onchain supply reads · onchainbenchmark.comThrough Oct 14, 2026

Largest moves · since Oct 24

Instruments with the largest change in supply

Net change in outstanding supply since Oct 24, all chains combined. Only instruments measured at both ends of the window are ranked.

As of Oct 30, 2026

InstrumentNameStartEndChange% change
USDTTether USD$182.2B$179.7B-$2.5B−1.4%
JTRSYJanus Henderson Anemoy Treasury Fund$338.0M$112.7M-$225.3M−66.6%
DAIDai$4.5B$4.7B+$192.7M+4.3%
USDCUSD Coin$71.4B$71.6B+$153.1M+0.2%
USDGGlobal Dollar$3.1B$3.0B-$140.1M−4.5%
USTBInvesco Short Duration US Government Securities Fund$527.0M$436.8M-$90.2M−17.1%
USDeEthena USDe$4.6B$4.5B-$70.7M−1.5%
USD1World Liberty Financial USD$4.0B$3.9B-$68.8M−1.7%
USDDUSDD$1.6B$1.5B-$62.2M−4.0%
syrupUSDCMaple syrupUSDC$985.9M$930.4M-$55.5M−5.6%
Window Oct 24 → Oct 30, 2026 · ranked by absolute changeAll flows →

Data products

5 published data series

The measured data underneath the ratings and indexes, published daily.

  • RWA Tracked Capital

    The full OnChain Benchmark-tracked tokenized RWA universe — outstanding supply by issuer, asset class, and chain.

    →

  • Home-Chain Distribution

    Where each multi-chain fund's supply actually lives — issuance chain versus off-home, per fund.

    →

  • Tokenized Private Credit

    The distributed, onchain-reconcilable private-credit pools we measure end-to-end, and the issuer concentration behind the headline.

    →
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    Important disclosures

    Nothing on this site or in the OnChain Benchmark service is investment, financial, legal, tax, or accounting advice, an offer or solicitation to buy or sell any security, token, or other instrument, or a recommendation, endorsement, or rating of suitability regarding any instrument, issuer, or transaction. Quality ratings, dimension scores, and index values are independent analytical opinions based on the data available to us at the time of computation; they are not statements of fact, guarantees of quality or safety, and not endorsements. Outputs are produced from public sources and third-party data and infrastructure outside our control — including RPC and node providers, indexers, oracle feeds, issuer attestations, auditor reports, and public regulatory filings — any of which may be delayed, unavailable, incomplete, incorrect, manipulated, or revised after the fact. Scores are computed periodically and may not reflect events occurring after the most recent computation. OnChain Benchmark does not warrant that any score, index, or evidence item is accurate, complete, reliable, current, or suitable for any purpose. You are solely responsible for any decision you make using the service, you should not rely on it as the sole basis for any investment, trading, custody, or counterparty decision, and you should conduct your own independent diligence and consult your own qualified professional advisors. To the maximum extent permitted by law, you assume all risk arising from your use of, or reliance on, the service. See our Terms of Service for the complete terms governing your use of the service.

    Ownership Concentration

    The share of each tokenized asset's free float (circulating supply outside issuer, custody, exchange, bridge and protocol wallets) held by its ten largest wallets.

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  • Tokenized Precious Metals

    How much tokenized gold and silver exists onchain (platinum and palladium are not yet measured) and how good it is — every metal normalized to a single troy-ounce basis so supply can be compared and summed.

    →
    • Updated dailyAll data →