Chains / Base
Tokenized capital measured on Base
$4.62B
1.5% of all measured capital7 instruments7 issuers
As of 2026-07-30, OnChain Benchmark measures $4.62B of tokenized capital on Base, across 7 instruments from 7 issuers. Every figure is read from the chain — nothing is estimated.
01 · Tokenized treasuries
$62.06M — 1.3% of Base
3 instruments
| Instrument | Measured on BASE | Share of chain |
|---|---|---|
BENJIFranklin OnChain U.S. Government Money Fund Franklin Templeton | $59.39M | 1.3% |
USTBLSpiko US T-Bills Money Market Fund Spiko | $2.48M | 0.1% |
mTBILLMidas mTBILL midas_rwa | $188.67K | 0.0% |
02 · Stablecoins
$4.56B — 98.7% of Base
4 instruments
| Instrument | Measured on BASE | Share of chain |
|---|---|---|
USDCUSD Coin Circle | $4.24B | 91.7% |
USDeEthena USDe Ethena Labs | $270.53M | 5.9% |
EURCEURC circle_europe | $51.49M | 1.1% |
Coverage
What this figure does — and doesn’t — include.
We count a deployment only when we can read its supply on-chain andvalue it with a real price. Anything we can’t stand behind is left out of the total rather than estimated — so this figure is a floor, not a guess.
Excluded on Base — 1 instrument
EUTBLSpiko EU T-Bills Money Market Fund
denominated in a non-USD currency; we do not convert FX here, so it is excluded rather than counted at the wrong USD value
Methodology: how we measure · the full rated universe · chain quality ranking