Ethereum
Every tokenized asset we measure on Ethereum, section by section — the treasuries, stablecoins, commodities and more, with each fund's share of the chain. Every figure is read onchain, never estimated.
Measured on this chain
$155.9B
52.5% of all measured capital
Network rank
#1
of 50 networks by capital
Instruments
131
from 50 issuers
Over time
What settles on Ethereum, measured daily.
Outstanding capital measured on Ethereum by asset class, every day since the series began — the chain total is the top edge of the stack. Use the window or scrubber to zoom; hover any day to read that day's figures.
Series through Oct 1, 2026, under the previous methodology. The index is being republished under the current rules.
Tokenized treasuries
$3.7B — 2.4% of Ethereum.
20 instruments measured on Ethereum, ranked by capital. Each links to its own page.
| Instrument | Issuer | Share of chain | Measured on ETH (USD)▼ |
|---|---|---|---|
| USDY | Ondo Finance | 0.8% | $1.3B |
| WTGXX | WisdomTree | 0.4% | $648.6M |
| USTB | Superstate | 0.3% | $433.1M |
| BUIDL | BlackRock / Securitize | 0.3% | $401.5M |
| iBENJI | Franklin Templeton | 0.1% | $183.2M |
| OUSG | Ondo Finance | 0.1% | $129.6M |
| BELIF | Bosera (Libeara / Standard Chartered) | 0.1% | $104.0M |
| JTRSY | Anemoy Capital SPC Limited | 0.1% | $97.1M |
| USTBL | Spiko | 0.1% | $83.9M |
| mTBILL | Midas | <0.1% | $73.3M |
| JLTXX | JPMorgan Asset Management | <0.1% | $54.4M |
| BENJI | Franklin Templeton | <0.1% | $48.4M |
| USYC | Hashnote / Circle | <0.1% | $35.3M |
| FDIT | Fidelity (FMR) | <0.1% | $25.7M |
| FILQ-A | Fidelity International | <0.1% | $25.6M |
| VBILL | VanEck | <0.1% | $24.7M |
| EUTBL | Spiko | <0.1% | $22.0M |
| TBILL | OpenEden Labs | <0.1% | $21.8M |
| FILQ-D | Fidelity International | <0.1% | $101.2K |
| XTBT | OpenTrade | <0.1% | $66.6K |
Stablecoins
$145.4B — 93.3% of Ethereum.
25 instruments measured on Ethereum, ranked by capital. Each links to its own page.
| Instrument | Issuer | Share of chain | Measured on ETH (USD)▼ |
|---|---|---|---|
| USDT | Tether | 53.6% | $83.6B |
| USDC | Circle | 30.6% | $47.7B |
| DAI | Sky (formerly MakerDAO) | 3.0% | $4.7B |
| USDe | Ethena Labs | 2.9% | $4.5B |
| USD1 | World Liberty Financial | 0.8% | $1.3B |
| GHO | Aave DAO | 0.4% | $697.7M |
| USD0 | Usual Money | 0.3% | $541.4M |
| U | United Stables Limited (BVI) | 0.3% | $473.1M |
| USDG | Paxos Digital Singapore Pte. Ltd. | 0.3% | $420.6M |
| EURC | Circle Internet Financial Europe SAS | 0.2% | $355.1M |
| USDD | TRON DAO Reserve | 0.2% | $318.6M |
| FDUSD | First Digital (FD121 BVI Limited) | 0.1% | $190.7M |
| USAT | Anchorage Digital Bank, National Association | 0.1% | $180.3M |
| EURCV | Société Générale-Forge | 0.1% | $163.3M |
| AEDZ | Zand Trust (Zand Bank PJSC) | 0.1% | $138.7M |
| EURI | Banking Circle S.A. | <0.1% | $33.2M |
| XUSD | StraitsX (Fazz Financial Group) | <0.1% | $12.1M |
| XSGD | StraitsX (Fazz Financial Group) | <0.1% | $8.9M |
| EUROP | Schuman Financial / SALVUS SAS | <0.1% | $8.5M |
| EURS | STASIS | <0.1% | $6.6M |
| TRYB | BiLira | <0.1% | $4.9M |
| EURe | Monerium | <0.1% | $3.5M |
| CADC | Loon Payments Inc. | <0.1% | $605.0K |
| EURAU | AllUnity GmbH | <0.1% | $282.5K |
| EUROe | Paxos Issuance Europe (formerly Membrane Finance) | <0.1% | $22.9K |
Commodities
$4.8B — 3.1% of Ethereum.
9 instruments measured on Ethereum, ranked by capital. Each links to its own page.
| Instrument | Issuer | Share of chain | Measured on ETH (USD)▼ |
|---|---|---|---|
| XAUt | Tether | 1.9% | $2.9B |
| PAXG | Paxos | 1.1% | $1.7B |
| GGBR | Goldfish | 0.1% | $97.1M |
| VRO | CrypCool | <0.1% | $45.9M |
| XAUM | Matrixdock | <0.1% | $21.0M |
| TXAU | Aurus Technologies | <0.1% | $5.4M |
| XAGM | Matrixdock | <0.1% | $1.6M |
| TXAG | Aurus Technologies | <0.1% | $1.2M |
| PGOLD | Pleasing | <0.1% | $427.0K |
Tokenized equities
$123.8M — 0.1% of Ethereum.
12 instruments measured on Ethereum, ranked by capital. Each links to its own page.
| Instrument | Issuer | Share of chain | Measured on ETH (USD)▼ |
|---|---|---|---|
| HIMSon | Ondo Finance | <0.1% | $27.7M |
| NVDAon | Ondo Finance | <0.1% | $17.0M |
| MUon | Ondo Finance | <0.1% | $13.6M |
| SOFIon | Ondo Finance | <0.1% | $12.3M |
| CRCLon | Ondo Finance | <0.1% | $12.2M |
| GOOGLon | Ondo Finance | <0.1% | $9.7M |
| MSTRon | Ondo Finance | <0.1% | $8.4M |
| METAon | Ondo Finance | <0.1% | $7.9M |
| AMDon | Ondo Finance | <0.1% | $6.5M |
| INTCon | Ondo Finance | <0.1% | $4.1M |
| TSMon | Ondo Finance | <0.1% | $2.3M |
| COINon | Ondo Finance | <0.1% | $2.0M |
Private credit
$1.6B — 1.0% of Ethereum.
5 instruments measured on Ethereum, ranked by capital. Each links to its own page.
| Instrument | Issuer | Share of chain | Measured on ETH (USD)▼ |
|---|---|---|---|
| syrupUSDC | Maple Finance | 0.6% | $930.4M |
| syrupUSDG | Maple Finance | 0.2% | $318.2M |
| JAAA | Anemoy Capital SPC Limited | 0.2% | $280.1M |
| mF-ONE | Midas | <0.1% | $66.1M |
| NS2DRP | New Silver Lending LLC / Centrifuge | <0.1% | $35.4M |
Equity ETFs
$142.6M — 0.1% of Ethereum.
49 instruments measured on Ethereum, ranked by capital. Each links to its own page.
| Instrument | Issuer | Share of chain | Measured on ETH (USD)▼ |
|---|---|---|---|
| SPYon | Ondo Finance | <0.1% | $41.8M |
| QQQon | Ondo Finance | <0.1% | $27.7M |
| IEFAon | Ondo Finance | <0.1% | $16.8M |
| ITOTon | Ondo Finance | <0.1% | $12.5M |
| IEMGon | Ondo Finance | <0.1% | $9.0M |
| IWFon | Ondo Finance | <0.1% | $9.0M |
| EEMon | Ondo Finance | <0.1% | $6.6M |
| IWNon | Ondo Finance | <0.1% | $5.4M |
| IWMon | Ondo Finance | <0.1% | $3.3M |
| TQQQon | Ondo Finance | <0.1% | $3.1M |
| IJHon | Ondo Finance | <0.1% | $3.0M |
| DRAMon | Ondo Finance | <0.1% | $1.2M |
| INCEon | Ondo Finance | <0.1% | $1.1M |
| EWYon | Ondo Finance | <0.1% | $681.2K |
| FFOGon | Ondo Finance | <0.1% | $470.1K |
| VTIon | Ondo Finance | <0.1% | $214.4K |
| VTVon | Ondo Finance | <0.1% | $160.1K |
| SOXXon | Ondo Finance | <0.1% | $154.8K |
| SILon | Ondo Finance | <0.1% | $107.2K |
| EWZon | Ondo Finance | <0.1% | $103.8K |
| SOXLon | Ondo Finance | <0.1% | $74.2K |
| VNQon | Ondo Finance | <0.1% | $51.4K |
| DTCRon | Ondo Finance | <0.1% | $28.0K |
| KWEBon | Ondo Finance | <0.1% | $18.5K |
| CIBRon | Ondo Finance | <0.1% | $18.4K |
| INDAon | Ondo Finance | <0.1% | $15.2K |
| BOTZon | Ondo Finance | <0.1% | $8.9K |
| SOXSon | Ondo Finance | <0.1% | $7.7K |
| EWJon | Ondo Finance | <0.1% | $7.2K |
| IJSon | Ondo Finance | <0.1% | $5.9K |
| ARGTon | Ondo Finance | <0.1% | $5.0K |
| SQQQon | Ondo Finance | <0.1% | $4.9K |
| SHLDon | Ondo Finance | <0.1% | $3.2K |
| ITAon | Ondo Finance | <0.1% | $3.0K |
| URNMon | Ondo Finance | <0.1% | $2.4K |
| BAIon | Ondo Finance | <0.1% | $992 |
| EFVon | Ondo Finance | <0.1% | $813 |
| AIQon | Ondo Finance | <0.1% | $581 |
| IGVon | Ondo Finance | <0.1% | $505 |
| QYLDon | Ondo Finance | <0.1% | $334 |
| PSQon | Ondo Finance | <0.1% | $275 |
| XYLDon | Ondo Finance | <0.1% | $270 |
| ECHon | Ondo Finance | <0.1% | $174 |
| IDEFon | Ondo Finance | <0.1% | $148 |
| LITon | Ondo Finance | <0.1% | $123 |
| IALTon | Ondo Finance | <0.1% | $111 |
| INROon | Ondo Finance | <0.1% | $108 |
| COROon | Ondo Finance | <0.1% | $75 |
| BKCHon | Ondo Finance | <0.1% | $52 |
Bond ETFs
$31.3M — <0.1% of Ethereum.
5 instruments measured on Ethereum, ranked by capital. Each links to its own page.
| Instrument | Issuer | Share of chain | Measured on ETH (USD)▼ |
|---|---|---|---|
| TLTon | Ondo Finance | <0.1% | $19.3M |
| TIPon | Ondo Finance | <0.1% | $11.1M |
| HYGon | Ondo Finance | <0.1% | $892.0K |
| JAAAon | Ondo Finance | <0.1% | $1.9K |
| CLOAon | Ondo Finance | <0.1% | $208 |
Commodity ETFs
$10.0M — <0.1% of Ethereum.
4 instruments measured on Ethereum, ranked by capital. Each links to its own page.
| Instrument | Issuer | Share of chain | Measured on ETH (USD)▼ |
|---|---|---|---|
| USOon | Ondo Finance | <0.1% | $3.9M |
| IAUon | Ondo Finance | <0.1% | $3.0M |
| GLDon | Ondo Finance | <0.1% | $2.8M |
| PALLon | Ondo Finance | <0.1% | $271.6K |
Measured, not rated
$24.2M — <0.1% of Ethereum.
2 instruments we measure on Ethereum but do not rate, counted in the total above and ranked by capital.
| Instrument | Issuer | Share of chain | Measured on ETH (USD)▼ |
|---|---|---|---|
| HKDAP | Anchorpoint Financial Limited | <0.1% | $13.1M |
| mUSD | Bridge Building Inc | <0.1% | $11.1M |
Coverage
What this figure does — and doesn't — include.
We count a deployment only when we can read its supply onchain and value it with a real price. Figures are measured, not estimated.
Excluded on Ethereum — 58 instruments