ONCHAINBENCHMARKThe measurement standard for tokenized capital
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OCB · Chains

Where tokenized capital lives.

Every network we measure, ranked by the tokenized capital that settles on it. Each chain has its own catalogue — the funds, stablecoins and commodities that live there, by asset class. Figures are measured onchain, never estimated.

Measured across 35 networks

$338.50B

ETH 52.4%TRX 28.2%SOL 7.1%BNB 2.2%Other (29) 10.1%

01 · By capital measured

Every chain we measure.

Ranked by measured capital. This is a catalogue, not a quality ranking — for how much of each chain’s capital clears the institutional bar, see the Chain RWA Footprint Index.

ChainMeasuredShareInstrumentsAsset classes
ETHEthereum$177.23B52.4%170Tokenized treasuries·Stablecoins·Commodities·Tokenized equities·Private credit
·Watchlist
·etf_commodity
·etf_equity
·etf_bond
·basis_trade
TRXTron$95.58B28.2%3Stablecoins
SOLSolana$24.03B7.1%699Tokenized treasuries·Stablecoins·Commodities·Tokenized equities·Private credit·Watchlist·etf_equity·etf_commodity·etf_bond
BNBBNB Chain$7.37B2.2%116Tokenized treasuries·Stablecoins·Commodities·Tokenized equities·etf_equity·etf_bond·etf_commodity
HYPEHyperliquid$6.36B1.9%1Stablecoins
POLPolygon$5.99B1.8%10Tokenized treasuries·Stablecoins·Private credit
BASEBase$4.74B1.4%10Tokenized treasuries·Stablecoins·bank_deposit_token·etf_equity
ARBArbitrum$3.39B1.0%20Tokenized treasuries·Stablecoins·Commodities·Tokenized equities·Watchlist·etf_equity·etf_commodity
AVAXAvalanche$2.87B0.8%10Tokenized treasuries·Stablecoins·Private credit
APTAptos$1.76B0.5%4Tokenized treasuries·Stablecoins
OKBX Layer$1.57B0.5%1Stablecoins
TONTON$1.43B0.4%1Stablecoins
XLMStellar$1.41B0.4%9Tokenized treasuries·Stablecoins
XRPXRP Ledger$1.28B0.4%4Tokenized treasuries·Stablecoins
RHRobinhood Chain$713.84M0.2%1Stablecoins
KAUKinesis (KAU)$562.29M0.2%1Commodities
CELOCelo$484.69M0.1%2Stablecoins
MONMonad$319.23M0.1%3Stablecoins·Watchlist
SEISei$310.78M0.1%3Tokenized treasuries·Stablecoins·Private credit
SUISui$306.49M0.1%2Tokenized treasuries·Stablecoins
KAGKinesis (KAG)$234.58M0.1%1Commodities
OPOptimism$189.91M0.1%2Tokenized treasuries·Stablecoins
NOBLENoble$119.79M0.0%2Tokenized treasuries·Stablecoins
INKInk$71.66M0.0%2Stablecoins·Private credit
ADIADI Chain$50.79M0.0%1Stablecoins
ALGOAlgorand$42.54M0.0%2Stablecoins·Commodities
MNTMantle$28.66M0.0%1Tokenized treasuries
GNOGnosis$19.15M0.0%1Stablecoins
FLRFlare$16.45M0.0%1Private credit
PLUMEPlume$6.76M0.0%2Tokenized treasuries·Commodities
HASHProvenance$4.94M0.0%3Private credit
HBARHedera$4.62M0.0%1Tokenized treasuries
XDCXDC$3.38M0.0%1Commodities

Covered, not yet measurable

NEAR
priced at a placeholder $1 rather than a real NAV read — excluded rather than publish a fabricated figure
Etherlink
denominated in a non-USD currency; we do not convert FX here, so it is excluded rather than counted at the wrong USD value

We collect on these chains, but no figure here clears the bar for publication — so we show none rather than an estimate.