What the capital rests on

Follow a vault through the markets it lends into, to the collateral those markets accept, to what that collateral wraps and the asset it ends at. A node is as tall as the capital through it. Who can move the money is a different dependency, on what the capital depends on.

Ends at: BTC $2.83bn · Dollar $2.71bn · ETH $644M · BNB $272M · XRP $57M · read 2026-11-06 16:31 UTC

NetworkCuratorVault capital at leastLargest vaults shown

What this shows and does not

Markets are those each vault reports supplying, with what it supplies; idle cash is left out. A collateral token is followed only where its backing is public and listed; an unlisted token ends its own chain rather than being given a guessed parent. Shared nodes sum the capital of every vault through them, so a node is a concentration, not a holding. It does not show leverage on top, nor who can change a market’s terms.