Where tokenized capital moved between chains.
One issuer moved $386.1M between chains in a single day, while the fund itself shrank $517.2M.
Every chain read once a day on one definition, aligned by date. Aggregators publish a fund’s total and its current split — neither shows the movement between them.
$287.0B
−$12.6B · −4.2% since Oct 24
The 143 funds measured on this page; the ratings page total covers every listed class.
143
8 moved 5% or more of their supply between chains.
48
Arc +$452.8M since Oct 24
$386.1M
USDT · Oct 29 — the fund itself changed −$517.2M that day.
Flows — 01 · The fund lens
Schuman Financial · Schuman Financial's EUROP euro stablecoin.
DEVELOPING62.9 / 100View rating →EUROP — supply by chain
$16.6M total · 6 chains · 16.4% of supply changed chains in 13 days
OnChain Benchmark Flows
EUROP — supply by chain
Per-chain supply with the fund total overlaid (dashed). Without the total, a rotation between chains would read as a redemption.
No single day moved $25M or more between EUROP’s chains within the measured window — its 16.4% of moved supply accrued in smaller daily shifts.
Flows — 02 · The leaderboard
How much of each fund changed chains.
Each fund is measured from the first day every one of its chains was observable, so the windows differ — this ranks behavior, not a common period. Select a row to inspect the fund above.
| Fund | Moved | Chains | Fund change | Quality score | Most concentrated chain | Days | |
|---|---|---|---|---|---|---|---|
| EUROPSchuman Financial | 16.4% | 6 | +6.1% | 62.9DEVELOPING | — | 13 | |
| USDGPaxos Digital Singapore | 11.2% | 7 | -14.2% | 75INSTITUTIONAL | — | 19 | |
| EURCCircle | 9.5% | 9 | +7.5% | 82.7INSTITUTIONAL | — | 19 | |
| TSMon | 7% | 3 | +7.1% | — | — | 14 | |
| USDYOndo Finance | 6.8% | 11 | +0.6% | 74INSTITUTIONAL | — | 16 | |
| BUIDLBlackRock | 5.4% | 8 | -24.8% | 65DEVELOPING | — | 15 | |
| TQQQon | 5.4% | 3 | +1.7% | — | — | 13 | |
| USOonOndo Finance | 5.4% | 4 | +0.7% | — | — | 13 | |
| DRAMon | 4.9% | 3 | +6.1% | — | — | 14 | |
| METAon | 3.1% | 3 | -29% | — | — | 14 | |
| EUTBLSpiko | 2.8% | 6 | -9.6% | 76INSTITUTIONAL | — | 19 | |
| USDCCircle | 2.8% | 36 | -2.1% | 85.3VERIFIED CAPITAL | — | 16 | |
| EUReMonerium | 2.6% | 7 | -8.4% | 68.8DEVELOPING | — | 16 | |
| GOOGLon | 2.6% | 3 | +5.4% | — | — | 14 | |
| LITon | 2.2% | 3 | +115.1% | — | — | 13 | |
| SOXLon | 2% | 3 | +6.9% | — | — | 14 | |
| CRCLon | 1.5% | 3 | -10.6% | — | — | 14 | |
| RLUSDRipple | 1.4% | 2 | +4.6% | 69DEVELOPING | — | 17 | |
| MSTRon | 1.2% | 3 | -6% | — | — | 14 | |
| SOFIon | 1% | 3 | -2.6% | — | — | 13 | |
| USDDTRON DAO Reserve | 0.7% | 3 | -4.5% | — | — | 19 | |
| NVDAon | 0.5% | 3 | -18.3% | — | — | 13 | |
| SOXXon | 0.5% | 3 | +0.1% | — | — | 13 | |
| PYUSDPaxos / PayPal | 0.4% | 5 | -9.3% | 80INSTITUTIONAL | — | 15 | |
| TSLAon | 0.4% | 3 | -2.6% | — | — | 14 | |
| USD1World Liberty Financial | 0.4% | 11 | -17.7% | 69.7DEVELOPING | — | 19 | |
| AMDon | 0.3% | 3 | -63.2% | — | — | 14 | |
| IEFAon | 0.3% | 3 | +2.8% | — | — | 14 | |
| IJSon | 0.3% | 3 | +1.1% | — | — | 14 | |
| KWEBon | 0.3% | 3 | +3.9% | — | — | 13 | |
| USDTTether | 0.3% | 12 | -2.8% | 60DEVELOPING | — | 15 | |
| USTBLSpiko | 0.3% | 6 | +2.9% | 76INSTITUTIONAL | — | 19 | |
| WTGXXWisdomTree | 0.3% | 3 | -12.4% | 70INSTITUTIONAL | — | 15 | |
| XSGDStraitsX | 0.3% | 8 | +0.6% | — | — | 17 | |
| COINon | 0.2% | 3 | -5.8% | — | — | 14 | |
| EURCVSG-FORGE | 0.2% | 4 | -0.1% | 53.3LIMITED | — | 19 | |
| GHOAave DAO | 0.2% | 3 | -0.6% | — | — | 19 | |
| IAUonOndo Finance | 0.2% | 4 | -54.1% | — | — | 14 | |
| JTRSYAnemoy Capital | 0.2% | 10 | -88.6% | 65DEVELOPING | — | 19 | |
| QQQon | 0.2% | 3 | +9.6% | — | — | 14 | |
| SPYonOndo Finance | 0.2% | 3 | +0.9% | — | — | 14 | |
| ECHon | 0.1% | 3 | +0.9% | — | — | 14 | |
| EFAon | 0.1% | 3 | +2.9% | — | — | 14 | |
| IJHon | 0.1% | 3 | +1.9% | — | — | 14 | |
| PSQon | 0.1% | 3 | -7.2% | — | — | 14 | |
| TBILLOpenEden | 0.1% | 4 | -0.2% | 76INSTITUTIONAL | — | 19 | |
| TLTonOndo Finance | 0.1% | 3 | -0.6% | — | — | 13 | |
| USTBSuperstate | 0.1% | 3 | -15% | 59DEVELOPING | — | 19 | |
| XAUtTether | 0.1% | 2 | +2.4% | 72INSTITUTIONAL | — | 19 | |
| AAPLon | 0% | 3 | -3.9% | — | — | 14 | |
| AGGonOndo Finance | 0% | 3 | +0.9% | — | — | 14 | |
| AIQon | 0% | 3 | -4.7% | — | — | 14 | |
| AMZNon | 0% | 3 | +41.8% | — | — | 14 | |
| ACREDSecuritize | 0% | 5 | -18.2% | — | — | 19 | |
| ARGTon | 0% | 3 | -9.4% | — | — | 14 | |
| AVGOon | 0% | 3 | +13% | — | — | 14 | |
| BAIon | 0% | 3 | +45.8% | — | — | 14 | |
| BENJIFranklin Templeton | 0% | 8 | +88.1% | 88VERIFIED CAPITAL | — | 15 | |
| BINConOndo Finance | 0% | 3 | +1.7% | — | — | 14 | |
| BKCHon | 0% | 2 | -9.5% | — | — | 14 | |
| BLCRon | 0% | 2 | +53.8% | — | — | 14 | |
| BOTZon | 0% | 3 | +66.3% | — | — | 14 | |
| CADCLoon Payments | 0% | 2 | -3% | — | — | 19 | |
| CIBRon | 0% | 3 | -52% | — | — | 14 | |
| CLOAonOndo Finance | 0% | 3 | +6% | — | — | 13 | |
| CLOIonOndo Finance | 0% | 3 | -72.1% | — | — | 14 | |
| COROon | 0% | 2 | +52.5% | — | — | 14 | |
| DGRWon | 0% | 3 | +0.8% | — | — | 14 | |
| DTCRon | 0% | 3 | +42.1% | — | — | 14 | |
| DYNFon | 0% | 2 | +45.4% | — | — | 14 | |
| EEMon | 0% | 3 | -1.7% | — | — | 13 | |
| EFVon | 0% | 3 | +1.1% | — | — | 14 | |
| EURAUAllUnity | 0% | 3 | +6.9% | — | — | 19 | |
| EURIBanking Circle | 0% | 2 | -1.2% | 63.8DEVELOPING | — | 19 | |
| EUROeMembrane Finance | 0% | 5 | -0.6% | — | — | 19 | |
| EURS | 0% | 4 | -0.6% | — | — | 19 | |
| EURWNewrails | 0% | 2 | -10.2% | — | — | 17 | |
| EWJon | 0% | 3 | -2.8% | — | — | 14 | |
| EWYon | 0% | 3 | -9.3% | — | — | 14 | |
| EWZon | 0% | 3 | -0.6% | — | — | 14 | |
| FDUSDFirst Digital | 0% | 6 | -6.8% | 54.5LIMITED | — | 19 | |
| FFOGon | 0% | 2 | -4.2% | — | — | 14 | |
| FLQLon | 0% | 2 | -1.6% | — | — | 14 | |
| FXIon | 0% | 3 | -1.5% | — | — | 14 | |
| GLDonOndo Finance | 0% | 3 | -1.3% | — | — | 14 | |
| HIMSon | 0% | 3 | -25.8% | — | — | 13 | |
| HYGonOndo Finance | 0% | 3 | +5.8% | — | — | 13 | |
| IALTon | 0% | 2 | +43.2% | — | — | 13 | |
| iBENJIFranklin Templeton | 0% | 2 | +0.1% | 36LIMITED | — | 19 | |
| IDEFon | 0% | 2 | +1.3% | — | — | 13 | |
| IEMGon | 0% | 3 | -1.4% | — | — | 14 | |
| IGVon | 0% | 2 | +49.3% | — | — | 14 | |
| INCEon | 0% | 3 | +0.1% | — | — | 13 | |
| INDAon | 0% | 3 | +9.8% | — | — | 14 | |
| INROon | 0% | 2 | +55.5% | — | — | 13 | |
| INTCon | 0% | 3 | -37.3% | — | — | 14 | |
| ITAon | 0% | 3 | -28.5% | — | — | 14 | |
| ITOTon | 0% | 3 | -0.9% | — | — | 14 | |
| IWFon | 0% | 3 | -2.3% | — | — | 13 | |
| IWMon | 0% | 3 | -0.3% | — | — | 14 | |
| IWNon | 0% | 3 | -0.5% | — | — | 14 | |
| IYWon | 0% | 2 | -6.5% | — | — | 14 | |
| JAAAAnemoy Capital | 0% | 2 | -0.3% | — | — | 19 | |
| JAAAonOndo Finance | 0% | 3 | +20.5% | — | — | 14 | |
| MRVLon | 0% | 3 | -20.5% | — | — | 14 | |
| MSFTon | 0% | 3 | -8.9% | — | — | 14 | |
| mTBILLMidas | 0% | 3 | -4% | 47LIMITED | — | 19 | |
| MUon | 0% | 3 | -10.2% | — | — | 14 | |
| MXNBBitso | 0% | 3 | — · Last measured Nov 4, 2026 | — | — | 16 | |
| ORBXon | 0% | 2 | -38.3% | — | — | 14 | |
| OUSGOndo Finance | 0% | 3 | -1.4% | 49LIMITED | — | 17 | |
| PALLonOndo Finance | 0% | 4 | +3.6% | — | — | 13 | |
| PAVEon | 0% | 3 | +116.1% | — | — | 14 | |
| PAXGPaxos | 0% | 2 | +0.4% | 92VERIFIED CAPITAL | — | 19 | |
| PDDon | 0% | 3 | -3.4% | — | — | 14 | |
| PGOLD | 0% | 3 | -0.4% | — | — | 16 | |
| QYLDon | 0% | 3 | +14% | — | — | 14 | |
| SECZ | 0% | 2 | +7.5% | — | — | 14 | |
| SHLDon | 0% | 2 | -2.7% | — | — | 13 | |
| SILon | 0% | 2 | +8.2% | — | — | 14 | |
| SLVonOndo Finance | 0% | 4 | -10.8% | — | — | 14 | |
| SOXQon | 0% | 3 | +7.2% | — | — | 14 | |
| SOXSon | 0% | 3 | -66.9% | — | — | 13 | |
| SQQQon | 0% | 3 | -11.4% | — | — | 14 | |
| TIPonOndo Finance | 0% | 3 | -0.9% | — | — | 14 | |
| UUnited Stables | 0% | 3 | +0.8% | — | — | 19 | |
| URNMon | 0% | 2 | -5.9% | — | — | 14 | |
| USCCBitwise | 0% | 2 | -36.6% | — | — | 19 | |
| USDfFalcon Finance | 0% | 2 | -3.2% | — | — | 19 | |
| USDSSky (formerly MakerDAO) | 0% | 3 | -20.3% | 59.7DEVELOPING | — | 19 | |
| USFRonOndo Finance | 0% | 3 | -37% | — | — | 14 | |
| USYCHashnote | 0% | 4 | -11.6% | 55DEVELOPING | — | 19 | |
| VBILLVanEck | 0% | 4 | +14.7% | 50LIMITED | — | 19 | |
| VDEon | 0% | 2 | -8.5% | — | — | 14 | |
| VNQon | 0% | 3 | +17.7% | — | — | 14 | |
| VTIon | 0% | 3 | +29% | — | — | 14 | |
| VTVon | 0% | 3 | +6.8% | — | — | 13 | |
| XAGMMatrixdock | 0% | 2 | — · Last measured Nov 10, 2026 | 50LIMITED | — | 19 | |
| XAUMMatrixdock | 0% | 7 | +1.8% | 59DEVELOPING | — | 19 | |
| XTBTOpenTrade | 0% | 2 | -16.3% | — | — | 19 | |
| XUSDStraitsX | 0% | 4 | +20.5% | 54LIMITED | — | 19 | |
| XYLDon | 0% | 2 | +15% | — | — | 13 | |
| AEDZZand | 0% | 2 | +0% | 51LIMITED | — | 19 |
Flows — 03 · By chain
Which chains gained fund supply — and which lost it.
Every fund we measure, summed by chain since Oct 24. The drivers column is what keeps the aggregate honest — a chain can shed hundreds of millions because one commodity token repriced while treasury funds on the same chain grew.
| Chain | Net change | Start | End | What drove it | |
|---|---|---|---|---|---|
| Arc | +$452.8M | $916.5M | $1.4B | USDC +$448.1MEURC +$3.3MXAUM +$1.4M | |
| Base | +$131.2M | $4.4B | $4.5B | USDC +$135.9MEURC −$3.8MEUTBL −$1.3MUSTBL +$1.1MJTRSY −$839K | |
| Sui | +$99.5M | $338.6M | $438.0M | USDC +$99.9MUSDY −$400KXAUM −$40K | |
| Aptos | +$38.0M | $702.3M | $740.3M | USDC +$118.3MUSDT −$80.0MUSD1 −$298KUSDY +$4 | |
| Ink | +$22.8M | $116.8M | $139.6M | USDG +$13.0MUSDC +$12.8MACRED −$3.1M | |
| Algorand | +$18.2M | $98.1M | $116.3M | USDC +$18.2MMCAU −$469EURS −$430 | |
| TON | +$10.0M | $490.8M | $500.8M | USDT +$10.0M | |
| Plume | +$6.8M | $26.2M | $33.0M | USDC +$5.0MUSCC +$2.1MUSTB −$323KXAUM −$9KJTRSY +$1K | |
| NEAR | +$2.8M | $76.0M | $78.8M | USDC +$2.8M | |
| Celo | +$2.7M | $97.5M | $100.1M | USDC +$2.7M | |
| XDC | +$1.4M | $59.0M | $60.3M | USDC +$1.4MCGO −$13KEURS −$1K | |
| Cronos | +$693K | $8.9M | $9.6M | USDC +$753KEURC −$60K | |
| Plasma | +$663K | $2.8M | $3.5M | USDC +$671KEURC −$8K | |
| Linea | +$449K | $23.9M | $24.3M | USDC +$454KEURe −$5K | |
| Codex | +$196K | $4.3M | $4.5M | USDC +$196K | |
| Injective | +$190K | $11.3M | $11.5M | USDC +$190K | |
| Morph | +$83K | $22.9M | $22.9M | USDC +$83KUSD1 −$3 | |
| AB Core | +$0 | $18.6M | $18.6M | — | |
| ZKsync Era | +$0 | $10.6M | $10.6M | — | |
| Etherlink | −$1K | $6.1M | $6.1M | EUTBL −$8KUSTBL +$6KmTBILL +$774 | |
| Mantle | −$2K | $3.2M | $3.2M | USDY −$2KUSDG +$2 | |
| Kinesis (KAU) | −$27K | $350.7M | $350.7M | KAU −$27K | |
| XRP Ledger | −$28K | $33.1M | $33.1M | EURCV −$66KTBILL +$38K | |
| World Chain | −$169K | $17.5M | $17.3M | USDC −$150KEURC −$19K | |
| Unichain | −$790K | $17.1M | $16.3M | USDC −$790K | |
| Gnosis | −$3.0M | $17.7M | $14.7M | EURe −$3.0M | |
| Sei | −$3.5M | $312.9M | $309.5M | USDC −$4.0MUSDY +$432KACRED +$100K | |
| Pharos | −$7.9M | $33.7M | $25.8M | USDC −$10.1MJTRSY +$2.2MPGOLD −$16K | |
| Kinesis (KAG) | −$9.7M | $197.9M | $188.2M | KAG −$9.7M | |
| Monad | −$12.8M | $225.9M | $213.1M | USDC −$12.8MUSD1 −$12KJTRSY +$9K | |
| Optimism | −$12.8M | $134.6M | $121.7M | USDC −$12.8M | |
| Sonic | −$15.2M | $102.7M | $87.4M | USDC −$15.2M | |
| Polygon | −$31.5M | $659.9M | $628.4M | USDC −$28.3MEUTBL −$3.4MUSTBL +$164KXSGD +$60KEURe −$6K | |
| Robinhood Chain | −$42.2M | $680.2M | $638.0M | USDG −$42.2M | |
| Stellar | −$82.9M | $1.3B | $1.2B | USDC −$47.0MEUTBL −$38.8MUSTBL +$1.9MUSDY +$978KEURC +$195K | |
| Avalanche | −$107.0M | $708.6M | $601.6M | USDC −$178.8MUSDT +$75.0MEURC −$1.8MACRED −$1.1MXTBT −$126K | |
| BNB Chain | −$134.6M | $6.8B | $6.6B | USYC −$270.3MUSDY +$174.2MUSD1 −$38.2MU −$28.8MUSDD +$16.0M | |
| X Layer | −$159.1M | $1.4B | $1.2B | USDG −$203.9MUSDC +$44.8M | |
| Hyperliquid | −$212.9M | $6.4B | $6.2B | USDC −$212.9MXAUM −$461 | |
| Arbitrum | −$323.2M | $3.3B | $3.0B | USDC −$208.1MPYUSD −$109.2MUSDG +$8.6MEUTBL −$8.4MGHO −$4.5M | |
| Tron | −$488.7M | $93.9B | $93.5B | USDT −$322.5MUSDD −$166.2MU +$7K | |
| Solana | −$969.3M | $12.6B | $11.6B | USDT −$680.0MUSD1 −$266.9MUSDY −$171.8MUSDC +$171.1MUSDG −$142.7M | |
| Ethereum | −$9.7B | $168.8B | $159.1B | USDT −$5.7BUSDC −$2.3BUSDS −$1.4BUSD1 −$396.6MUSDe +$317.5M |
A NET CHANGE IS NOT A VERDICT ON A CHAIN — it mixes new issuance, redemption, price moves on commodity-backed tokens, and issuers routing supply between their own deployments. Funds observed on only one endpoint of the window are excluded rather than shown as a flow.
Measured from
Ethereum Oct 30, 2026 · Polygon Oct 30, 2026 · Solana Oct 30, 2026 · XRP Ledger Oct 30, 2026 · Plasma Oct 30, 2026 · Avalanche Oct 30, 2026. A band starting mid-chart means our measurement began — not that supply arrived. Movement is only measured from Oct 30, 2026, when all chains were observable (13 days).
What this is not
Movement between an issuer’s own deployments is not evidence of end-investor demand on either chain. We observe the routing; we do not infer why. Supply reads are block-stamped with NAV held constant, so a re-pricing cannot be mistaken for a flow.