Public L1Rank #1 by institutional assets

Ethereum

Live since 30 Jul 2015 · settlement finality ~13 min (2 epochs)

Institutional assets: $3.86B
Share of coverage: 48.5%
Products: 16
Issuers: 12
Asset classes: 3
17D change: -8.2%

Assets are attributed by this network’s share of each product’s tracked token supply. General crypto metrics, DeFi TVL, stablecoin float, transaction counts, are excluded by design.

Deployments

22 products deployed here

				Contract
USD CoinUSDC · primary	Circle	75.0%	$49.51B	0xA0b86991…06eB48
PayPal USDPYUSD · primary	Paxos	61.6%	$1.69B	0x6c3ea903…23A0e8
PAX GoldPAXG · primary	Paxos	100.0%	$1.43B	0x45804880…cbAf78
WisdomTree Government Money Market Digital FundWTGXX · primary	WisdomTree, Inc.	100.0%	$1.21B	0x1feCF3d9…06c179
Ondo US Dollar Yield NoteUSDY · primary	Ondo Finance	85.9%	$1.20B	0x96F6eF95…CB985C
Citi Token Services — USD Deposit TokenCTS-USD · primary	Citi	100.0%	$780.0M
Superstate Short Duration US Government Securities FundUSTB · primary	Superstate	99.7%	$568.5M	0x43415eB6…d31C4e
Euro CoinEURC · primary	Circle	65.4%	$344.5M	0x1aBaEA1f…1bC33c
Global DollarUSDG · primary	Paxos	32.5%	$320.8M	0xe3431676…95491D
Anemoy Janus Henderson Treasury FundJTRSY · primary	Janus Henderson Investors	97.9%	$316.4M	0x8c213ee7…8c4b86
BlackRock USD Institutional Digital Liquidity FundBUIDL · primary	BlackRock	11.0%	$204.1M	0x7712c342…aA2AEc
Ondo Short-Term US Government TreasuriesOUSG · primary	Ondo Finance	40.1%	$125.5M	0x1B19C193…Bbee92
Delta Singapore Dollar Government Bond FundDSGD · primary	Libeara	100.0%	$74.8M
Spiko US T-Bills Money Market FundUSTBL · primary	Spiko	64.8%	$70.9M	0xe4880249…60e750
Matrixdock Short-Term Treasury Bill TokenSTBT · primary	Matrixdock	100.0%	$23.6M	0x530824DA…45b44a
Spiko EU T-Bills Money Market FundEUTBL · primary	Spiko	5.7%	$22.0M	0xa0769f7A…17Fc80
VanEck Treasury FundVBILL · primary	VanEck	56.9%	$20.2M	0x22557188…14FF01
OpenEden T-Bill VaultTBILL · primary	OpenEden	100.0%	$19.5M	0xdd50C053…5f2e8a
Wellington Ultra Short Treasury On-Chain FundWUST · primary	Libeara	100.0%	$824.5K	0x50293DD8…40B419
UBS USD Money Market Investment Fund TokenuMINT · primary	UBS Group AG	100.0%	$115.1K	0xC0603679…20Df0B
Apollo Diversified Credit Securitize FundACRED · primary	Apollo	45.9%	$28.2K	0x17418038…06F27B
WisdomTree Short-Term Treasury Digital FundWTSYX · primary	WisdomTree, Inc.	100.0%	$77	0x3340E2C0…6CBF5c

Issuers

Who is issuing here

Circle$49.85B

Paxos$3.44B

Ondo Finance$1.33B

WisdomTree, Inc.$1.21B

Citi$780.0M

Superstate$568.5M

Janus Henderson Investors$316.4M

BlackRock$204.1M

Spiko$92.9M

Libeara$75.6M

Matrixdock$23.6M

VanEck$20.2M

OpenEden$19.5M

UBS Group AG$115.1K

Apollo$28.2K

Network

Technical profile

Network type: Public L1
Settlement finality: ~13 min (2 epochs)
Live since: 30 Jul 2015
Asset classes hosted: Stablecoin, Commodity, Money Market Fund, Tokenized Treasury, Deposit Token, Private Credit

Settlement finality matters for redemption terms: a network with a seven-day challenge period cannot support a same-day redemption promise without the issuer taking the timing risk.