How much we counted ourselves
On 29 September 2026, $21.6B of the market, 82.5%, was read by this project from the token contracts on every chain a public node will serve: the supply of every contract an issuer's programme names, at the day's block, priced, added up. The rest is taken from reported figures until we read it.
The two parts of the total, last 120 days
Per protocol
Each protocol we read, with the value read at the latest block and the same read taken at the block of 8 August, the last day an independent full figure exists for these protocols, beside that figure. A ratio of 1.000 means the method reproduces it.
| Protocol | Read, latest | Read at 8 Aug block | Reported, 8 Aug | Ratio | Chains | At head | All priced |
|---|---|---|---|---|---|---|---|
| Tether Gold | $3.44B | $3.06B | $3.09B | 0.992 | 1 | 0 | yes |
| Spiko | $2.64B | $875M | $2.34B | 0.374 | 5 | 1 | no |
| Ondo Yield Assets | $2.50B | $1.31B | $2.53B | 0.520 | 9 | 4 | no |
| Circle USYC | $2.41B | $3.02B | $3.02B | 1.000 | 2 | 0 | yes |
| BlackRock BUIDL | $2.24B | $1.98B | $3.51B | 0.563 | 8 | 2 | yes |
| Paxos Gold | $1.80B | $1.89B | $1.89B | 1.000 | 1 | 0 | yes |
| WisdomTree | $1.23B | $752M | $776M | 0.969 | 2 | 1 | yes |
| Blockchain Capital | $967M | $960M | $960M | 1.000 | 1 | 0 | yes |
| Ondo Global Markets | $949M | $1.00B | $1.03B | 0.973 | 3 | 1 | yes |
| Centrifuge Protocol | $943M | $1.58B | $1.64B | 0.967 | 5 | 0 | yes |
| Franklin Templeton BENJI | $668M | — | — | — | 7 | 2 | yes |
| Hastra | $622M | $350M | $524M | 0.669 | 2 | 1 | yes |
| xStocks | $436M | — | $375M | — | 2 | 1 | yes |
| OpenEden TBILL | $295M | $225M | $255M | 0.881 | 5 | 2 | yes |
| Mantle Index Four Fund | $165M | $119M | $119M | 1.000 | 1 | 0 | yes |
| Securitize Tokenized AAA CLO Fund | $104M | $103M | $103M | 1.000 | 1 | 0 | yes |
| Apollo Diversified Credit Securitize Fund | $84.2M | $44.6M | $115M | 0.386 | 6 | 2 | yes |
| VanEck Treasury Fund | $57.0M | $179M | $193M | 0.928 | 4 | 1 | yes |
| MatrixDock XAUM | $52.1M | $47.7M | $66.2M | 0.720 | 3 | 1 | yes |
| MatrixDock STBT | $23.1M | $23.8M | $23.8M | 1.000 | 1 | 0 | yes |
How we know
"At head" counts chains where no public node serves past state, so the read is today's and cannot be compared to 8 August. "All priced" is false when a share class has no public price: its supply is recorded and its value left empty rather than guessed. Three kinds of read exist, each exactly as the issuer's programme counts: a token's total supply, the balances a set of holders carry, and the assets behind an ERC-4626 vault. Every row in the database carries the adapter path and commit that named the contract.
What is still absent: 105 (protocol, chain) legs worth $646M on 8 August, mostly chains without an endpoint this project can reach. Their value is absent from the total, not estimated.