Onchain vault market data

One dated, sourced value for each market figure that recurs across O2O Research posts. Each row gives the figure's definition, its source and the date it describes, and posts that quote these figures link here.

Values marked as published could not be retrieved from their source on 15 October 2026. They repeat the last value O2O Research published, with its original date and source.

FigureValueAs ofSourceDefinition
Total TVL in onchain vaults$78.16B across 1,231 vaultsAs publishedvaults.fyi API v2 export, pulled 7 August 2026 14:28 UTCAs published in "Onchain Vault Market Structure, August 2026"; could not be retrieved on 15 October 2026 (the vaults.fyi API answered HTTP 402, payment required).Value held in all onchain vaults a tracker covers, curated or not, including staking vaults.Quoted in: Onchain Vault Market Structure, August 2026
Curated vault TVL$9.90B in 577 vaultsAs publishedvaults.fyi API v2 export, pulled 7 August 2026 14:28 UTCAs published in "Onchain Vault Market Structure, August 2026"; could not be retrieved on 15 October 2026 (the vaults.fyi API answered HTTP 402, payment required).Value in vaults with a named curator.Quoted in: Onchain Vault Market Structure, August 2026
Named vault curators112As publishedvaults.fyi API v2 export, pulled 7 August 2026 14:28 UTCAs published in "Onchain Vault Market Structure, August 2026"; could not be retrieved on 15 October 2026 (the vaults.fyi API answered HTTP 402, payment required).Curators with at least one vault above the tracker's minimum-TVL filter, so the count is a floor.Quoted in: Onchain Vault Market Structure, August 2026
Largest curators by curated TVLSteakhouse Financial $2.48B, Sentora $1.77B, Gauntlet $1.39B: 56.9% combinedAs publishedvaults.fyi API v2 export, pulled 7 August 2026 14:28 UTCAs published in "Onchain Vault Market Structure, August 2026"; could not be retrieved on 15 October 2026 (the vaults.fyi API answered HTTP 402, payment required).Curated TVL of the three largest curators and their combined share of curated TVL.Quoted in: Onchain Vault Market Structure, August 2026
RWA share of curated vault TVL$566M, 5.7%, in 53 vaultsAs publishedvaults.fyi API v2 export, pulled 7 August 2026 14:28 UTCAs published in "Onchain Vault Market Structure, August 2026"; could not be retrieved on 15 October 2026 (the vaults.fyi API answered HTTP 402, payment required).TVL in RWA-tagged curated vaults as a share of curated TVL.Quoted in: Onchain Vault Market Structure, August 2026
Curated stablecoin vault yield4.60% (passive lending 3.46%)As publishedvaults.fyi API v2 export, pulled 7 August 2026 14:28 UTCAs published in "Onchain Vault Market Structure, August 2026"; could not be retrieved on 15 October 2026 (the vaults.fyi API answered HTTP 402, payment required).TVL-weighted 30-day trailing APY on curated stablecoin vaults, net of fees, beside uncurated passive lending.Quoted in: Onchain Vault Market Structure, August 2026
DeFi TVL$88.7BRetrieved 15 October 2026DefiLlamaLatest daily point of the DefiLlama free API series (api.llama.fi/v2/historicalChainTvl), read at 16:29 UTC on 15 October 2026; the current day's value can still move.DefiLlama's headline total value locked across DeFi, which excludes liquid staking and double counting.Quoted in: Real-World Asset Vaults Begin their Institutional Track Record
Tokenized RWAs, distributed value$39.2B, plus $352.6B represented valueRetrieved 15 October 2026RWA.xyzAs displayed on retrieval: the RWA.xyz overview headlines Distributed Asset Value and Represented Asset Value.RWA.xyz value of real-world assets natively issued on public blockchains, excluding stablecoins.Quoted in: Real-World Asset Vaults Begin their Institutional Track Record
Tokenized US Treasuries$14.9B distributed valueRetrieved 15 October 2026RWA.xyz TreasuriesAs displayed on retrieval: the RWA.xyz Treasuries headline Distributed Value; RWA.xyz lists represented value separately ($89.3M).RWA.xyz total value of tokenized US Treasury products.Quoted in: Real-World Asset Vaults Begin their Institutional Track Record
Tokenized Treasury yield3.60% (7-day APY)Retrieved 15 October 2026RWA.xyz TreasuriesAs displayed on retrieval: the RWA.xyz 7D APY, the weighted average 7-day APY of tokenized treasury fund tokens in circulation.Average yield of tokenized US Treasury products as RWA.xyz reports it.Quoted in: Real-World Asset Vaults Begin their Institutional Track Record
Tokenized private credit$8.2B distributed valueRetrieved 15 October 2026RWA.xyz private creditAs displayed on retrieval: the RWA.xyz private credit headline Distributed Value.RWA.xyz distributed value of tokenized private credit.Quoted in: Real-World Asset Vaults Begin their Institutional Track Record
USD-pegged stablecoins in circulation$305.5BRetrieved 15 October 2026DefiLlama stablecoinsLatest daily point of the DefiLlama free API series (stablecoins.llama.fi/stablecoincharts/all), read at 18:49 UTC on 15 October 2026; the current day's value can still move.DefiLlama's total circulating value of USD-pegged stablecoins across the chains it tracks.
SOFR3.88%Retrieved 15 October 2026Federal Reserve Bank of New YorkRate for 14 October 2026, read from the New York Fed Markets Data API.The Secured Overnight Financing Rate the Federal Reserve Bank of New York publishes for the stated business day.Quoted in: Clearstar cbAssets Vault Brief: The $34 Million Vault Behind Coinbase's Solana Loans; Steakhouse USDG Vault Brief: The Vault Behind Robinhood's Earn Tab

Update log

  • : page created. Each figure was retrieved from its source on 15 October 2026 or repeats its last published value, as marked.
  • : added USD-pegged stablecoins in circulation, used by the Key facts on the /learn guides.

How these figures are sourced, defined, dated and corrected: research methodology.

O2O Research is general market commentary for information only. It is not investment advice, a recommendation or an offer of any security, including interests in any O2O vault. O2O may seek business relationships with protocols, curators or issuers it writes about.

Last updated .