자산 집계 및 통제권 방법론
크기가 같은 칩은 같은 금액입니다. 큰 칩 하나는 작은 칩 100개와 같습니다. 받침대는 돈이 있는 곳을 나타내며 돈을 더하지 않습니다.
금액은 USD, 관측 시각은 UTC입니다. 데이터와 귀속은 추정치이며 출처별 관측 시각은 다릅니다.
자산 목록과 범위
목록은 유통 ETH, 일부 법정화폐 담보 USD 자산, 국채 청구권 및 토큰화 금에서 시작합니다. 토큰화 비트코인과 유틸리티 토큰은 선택한 계약에서 측정한 준비금만 포함하며 전체 발행량이나 시가총액이 아닙니다. 체인별 유통액 기준은 100만 USD입니다.
배분
위치가 확인된 잔액과 지갑 추정액의 합은 각 자산의 총량과 같습니다. 브리지 담보와 영수증 토큰은 다시 더하지 않습니다. Aave와 Morpho는 조정 준비금을 사용합니다. Uniswap 풀과 일부 금고는 주소별 토큰 잔액을 사용하며 누락되거나 페이지로 나뉜 구성은 부분적인 것으로 취급합니다.
스테이킹과 래핑 자산
스테이킹 고리는 출금 대기 잔액을 포함한 확정 Ethereum 합의 상태의 검증자 잔액 합계입니다. 추적하는 유동 스테이킹 포지션의 추정 ETH 담보를 LST/ETH 가격 비율로 한 번만 차감합니다. 추적하지 않는 담보는 고리에 남습니다. 관측 시각은 확정 슬롯 기준입니다.
축척과 구조
양의 금액이 있는 모든 플랫폼은 같은 달러 대비 면적 축척을 사용합니다. L2 보드는 Ethereum 기반의 부분집합이며 후광은 별도입니다. 화폐 칩만 자본을 더합니다. 큰 칩의 기하학적 용량은 작은 칩의 100배입니다. 소수 칩은 정확한 금액을 보존하며 확대해도 배치나 액면은 변하지 않습니다.
24시간 순흐름
관측된 토큰 수량 변화를 종료 시점 가격으로 평가한 추정치입니다. 수익, 리베이스 또는 분류 변경이 포함될 수 있습니다. 프로토콜 내부 흐름을 L2 흐름에 합산하지 않습니다. 빛의 움직임은 방향을, 밝기는 순흐름의 절댓값을 나타냅니다. 최신 비교 관측이 없으면 빛이 표시되지 않습니다.
데이터와 범위
매일 예약된 작업이 출처를 하나씩 갱신합니다. 새로고침은 저장된 스냅샷을 읽습니다. 공유 잠금과 대기 시간으로 요청을 제한하고 실패한 출처는 마지막 유효 관측을 유지합니다. 자본 데이터의 관측 시각과 수집 시각은 따로 기록합니다. 확인에 성공해도 오래된 관측값이 새로워지지는 않습니다.
위치 또는 수탁 관계 미확인
지갑 금액은 추정치입니다. 공급량에서 파악한 프로토콜·스테이킹·브리지 보유량을 뺍니다. 추적하지 못한 계약이 포함될 수 있습니다.
탈중앙화에서 중앙화까지의 스펙트럼
D0는 이더리움 L1 자체와 같은 탈중앙화 수준입니다. D1–D9는 시스템에 대한 권한의 차이를 나타냅니다. 지갑 키 보관자가 아닌 온체인 권한을 평가합니다. 공개 자료에 근거한 판단이며 안전 보장은 아닙니다.
L1의 ETH는 D0입니다. D4 롤업에 두면 그 롤업에도 의존하므로 D4가 됩니다. 프로토콜 안의 토큰도 같습니다. 최소 등급만 알면 “이상”(≥)으로 표시합니다. 이유는 상세 패널에 있습니다.
평가 범위에서 이더리움 L1 외에 원금이나 출금을 통제하는 특권 주체가 없습니다.
관리자는 제한된 설정만 변경하며 원금을 임의로 옮기는 권한은 확인되지 않았습니다.
오라클, 배분자 또는 일시 중지 같은 외부 운영 권한에 의존합니다.
시스템 변경이 가능하나 일반 변경에는 문서화된 강제 지연이 있습니다.
선출되고 책임을 지는 위원회가 긴급 업그레이드를 수행하며 일반 변경에는 지연이 있습니다.
공식 위원회와 재단이 즉시 업그레이드를 공동 통제하며 재단 대체 권한이 있습니다.
임명된 위원회와 운영자가 즉시 업그레이드를 통제하며 공개 해임 수단은 제한됩니다.
집중된 관리자가 업그레이드하며 유효한 지연이나 독립적 거부권은 미확인입니다.
운영자는 검증자나 이의 제기자 참여를 제한하고 강제 거래 포함도 제한할 수 있습니다.
발행자나 수탁자가 오프체인 준비금, 상환 또는 자산 동결을 통제할 수 있습니다.
근거와 검토
D 등급은 온체인 권한에 대한 편집 평가이며 손실 확률이나 독립 감사가 아닙니다. 재무 갱신은 통제권 등록부를 변경하지 않습니다. 날짜가 있는 출처 메모는 영어 원문과 근거 링크를 유지합니다.
평가 날짜: . ETH, 선정한 스테이블코인, 토큰화 비트코인과 실물 자산을 한 번씩 계산합니다. 고리는 파악된 앱 밖의 자산, 단은 내부 자본을 보여 줍니다. 프로토콜 TVL 합계가 아닌 부분 자산 목록입니다.
출처 메모 (영어)
Ethereum L1 · D0
The world's maximally decentralized global hub.
Baseline by definition; not a claim of absolute or maximal decentralization in every dimension.
ETH · D0
Native ETH follows Ethereum account and consensus rules without a separate token issuer.
Native asset rules on L1; custody, staking, smart-wallet modules and protocol placement must be assessed separately.
WETH · D0
The canonical WETH9 wrapper has fixed deposit and withdrawal rules and no privileged owner.
Canonical Ethereum WETH9 only; same ticker on another chain or contract is not covered.
Uniswap v2 · D0
Core pool custody and LP exits are immutable; token controls are assessed separately.
Authentic v2 core pairs; excludes token issuers, routers with custody, hosted interfaces, and external staking wrappers.
Uniswap v3 · D0
Core pool custody and LP exits are immutable; token controls are assessed separately.
Authentic v3 core pools; excludes frontends, managed positions, and asset-issuer dependencies.
Uniswap v4 · ≥ D0
The core is immutable. Pool-specific hooks can add administration or dependencies and are not individually reviewed in this aggregate.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Uniswap, unspecified version · D?
A version and pool scope are required; a brand-wide tier would conceal hook and wrapper differences.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Aave v3 · D3
Governance can update the lending system; guardians can pause markets and risk roles manage parameters.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Aave v2 · D3
Governance controls protocol updates and a guardian can pause emergency operations.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
SparkLend · D3
Governance can upgrade the pool and execute changes after the governance delay.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Spark Liquidity Layer · ≥ D3
Governance controls allocation across destinations; each destination can add further administration or custody.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Sky / Maker · D3
Governance controls issuance, collateral policy, and system changes through executive actions.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Lido · ≥ D3
DAO changes normally wait three days; stETH holders can delay governance and trigger a withdrawal process. Emergency exceptions remain a separate review item.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
stETH · ≥ D0
The stETH claim inherits Lido governance, oracle and withdrawal arrangements.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
wstETH · D0
The fixed wrapper preserves the stETH and Lido dependencies underneath it.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Rocket Pool · ≥ D2
Oracle reporting and upgrade governance add dependencies; the complete current emergency and delay boundaries remain under review.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
rETH · D0
The rETH claim inherits Rocket Pool governance and oracle reporting.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
ether.fi staking · D3
Contract changes are timelocked; a separate operator role can pause or invalidate pending withdrawals.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
eETH · ≥ D3
The staking claim inherits ether.fi governance and any restaking dependencies of the underlying position.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
weETH · D0
The wrapper preserves eETH staking and restaking dependencies.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
EigenLayer · D7
An emergency multisig can replace protocol rules immediately, bypassing the normal upgrade timelock.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Morpho markets · ≥ D2
Markets have immutable parameters, but their selected oracles and collateral affect liquidations; this is a cohort-level approximation.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Morpho vaults · ≥ D2
Curators and allocators choose market exposure; each vault can add its own delay, adapter and access arrangements.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Fluid · ≥ D2
The liquidity layer has configurable withdrawal limits and replaceable code. Its current upgrade safeguards need a deployment-specific review.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Curve, mixed pools · D?
Curve versions and pools have different admin, oracle, and wrapper dependencies.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
USDC · D9
Circle controls token blocking and the offchain reserves needed for redemption.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
USDT · D9
Tether can freeze and destroy balances and controls redemption of the backing.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
DAI · ≥ D2
Governance-authorized issuance inherits Sky and the collateral backing used by the system.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
USDS · ≥ D3
Upgradeable issuance inherits Sky governance and the collateral backing used by the system.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
sUSDS · ≥ D3
The savings contract inherits USDS governance, collateral backing and its own upgrade arrangements.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
WBTC · D9
BTC backing is held by institutional custodians and redeemed through authorized merchants.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
cbBTC · D9
Coinbase holds the BTC backing and controls the wrapped-token contract.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
USDe · D9
Backing depends on custodial and exchange operations with permissioned direct redemption.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Ethena · D9
The backing strategy depends on custodians, exchanges, and privileged mint/redeem operations.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
sUSDe · D9
The staking receipt retains USDe’s custodial-backing dependencies.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
USDG · D9
Paxos controls reserve redemption and can freeze or wipe token balances.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
PYUSD · D9
Paxos issuer custody and asset-protection controls remain part of the asset.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
USDP · D9
Paxos issuer custody and asset-protection controls remain part of the asset.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
PAXG · D9
Paxos issuer custody and asset-protection controls remain part of the asset.
Ethereum mainnet deployment; asset-level dependencies assessed separately.
Base · D6
An appointed 8-of-11 council and Coinbase must both approve upgrades; there is no timelock or DAO removal route.
Base mainnet, chain ID 8453; settlement and data availability on Ethereum.
Validation: TEE and ZK proof arms; permissionless challenges, with Coinbase controlling the TEE allowlist.
Upgrades: Coinbase 3/6 + Council 8/11 jointly approve; no timelock.
Accountability: Appointed council with self-administered membership; no token-governance removal route.
Exits: L1 forced inclusion; immediate upgrades provide no exit window.
Arbitrum One · D4
An elected 9-of-12 council can make immediate emergency changes; ordinary upgrades follow delayed DAO governance.
Arbitrum One; excludes AnyTrust/Nova.
Validation: Permissionless BoLD challenges; Ethereum data availability.
Upgrades: 9/12 emergency council; delayed DAO and non-emergency changes.
Accountability: DAO-elected cohorts, removal powers, organizational limits and a published constitution.
Exits: L1 inclusion and normal upgrade delays; emergency authority can bypass the delay.
OP Mainnet · D5
A 10-of-13 elected council and the Foundation jointly authorize upgrades; a signer-loss fallback can return authority to the Foundation.
OP Mainnet; an OP Stack brand alone is not sufficient to assign another chain.
Validation: Permissionless fault-proof participation; Ethereum data availability.
Upgrades: Joint Foundation + 10/13 Council approval; immediate emergency execution.
Accountability: Elected cohorts and a charter; Foundation fallback if council availability drops below eight.
Exits: L1 forced inclusion; there is no enforced exit window for immediate upgrades.
Robinhood Chain · D8
Immediate upgrades, two whitelisted challengers and operator transaction filtering concentrate authority beyond a public security council model.
Robinhood mainnet, chain ID 4663; Ethereum-settled rollup, not a child of Arbitrum One.
Validation: Fraud proofs are deployed, but only two whitelisted actors may challenge.
Upgrades: No enforced upgrade delay; operator-governed administration.
Accountability: No independent elected security council is documented for this deployment.
Exits: Transaction filtering can defeat forced inclusion; permissionless exit guarantees are limited.
Compound III · D3
Timelocked governance can replace Comet and alter its configuration; a guardian can pause operations.
Canonical deployed product; additional asset and chain dependencies compose separately.
cbETH · D9
Coinbase holds the underlying staking position and controls the token’s administration.
Canonical deployed product; additional asset and chain dependencies compose separately.
Binance staked ETH · D9
Binance operates the staking and redemption service represented by WBETH.
Canonical deployed product; additional asset and chain dependencies compose separately.
WBETH · D9
The token represents ETH staked through Binance and inherits its custodial service.
Canonical deployed product; additional asset and chain dependencies compose separately.
Pendle v2 · ≥ D2
Yield wrappers and underlying yield protocols add dependencies that differ by market.
Canonical deployed product; additional asset and chain dependencies compose separately.
Aerodrome v1 · ≥ D1
Factory fee and swap-pause roles add administration; underlying Base safeguards still apply.
Canonical deployed product; additional asset and chain dependencies compose separately.
Aerodrome Slipstream · ≥ D1
Pool administration and concentrated-liquidity configuration add local powers; underlying Base safeguards still apply.
Canonical deployed product; additional asset and chain dependencies compose separately.
Lighter on Robinhood · ≥ D2
The application has its own operator and proof system and is built on Robinhood; its full local authority is still being reviewed.
Canonical deployed product; additional asset and chain dependencies compose separately.
Spark Savings · ≥ D3
Savings and allocation contracts inherit Sky governance; destination-specific custody may add stronger restrictions.
Canonical deployed product; additional asset and chain dependencies compose separately.
Robinhood canonical bridge · D8
This bridge inherits the upgrade and validation arrangements of robinhood.
Canonical bridge contracts; balances represented on Robinhood must not also be counted as separate L1 capital.
Base canonical bridge · D6
This bridge inherits the upgrade and validation arrangements of base.
Canonical escrow/control path, not an additional capital stock.
OP canonical bridge · D5
This bridge inherits the upgrade and validation arrangements of optimism.
Canonical escrow/control path, not an additional capital stock.
frxETH · ≥ D3
Frax governance and staking operators administer issuance and backing; emergency safeguards require further review.
Canonical deployed product; additional asset and chain dependencies compose separately.
sfrxETH · D0
The yield wrapper inherits frxETH and its staking system.
Canonical deployed product; additional asset and chain dependencies compose separately.
ezETH · ≥ D3
Renzo governance, its withdrawal arrangements and EigenLayer all affect the staking claim.
Canonical deployed product; additional asset and chain dependencies compose separately.
rsETH · D9
The issuer documents per-address transfer holds and recovery of frozen balances to custody.
Canonical deployed product; additional asset and chain dependencies compose separately.
BUIDL · D9
Fund ownership and redemption depend on BlackRock, Securitize and qualified-investor transfer controls.
Canonical token mechanism; deployment-specific custody adds inherited bounds.
USDY · D9
A permissioned issuer claim backed by Treasury assets and bank deposits; redemption depends on Ondo and its custodians.
Canonical token mechanism; deployment-specific custody adds inherited bounds.
USYC · D9
Tokenized fund shares depend on the fund manager, custody, investor eligibility and redemption rules.
Canonical token mechanism; deployment-specific custody adds inherited bounds.
XAUT · D9
Tether controls issuance and redemption of claims on physical gold held in custody.
Canonical token mechanism; deployment-specific custody adds inherited bounds.
tBTC · ≥ D2
BTC redemption relies on an external threshold-signing network; governance and bridge safeguards add dependencies.
Canonical token mechanism; deployment-specific custody adds inherited bounds.
데이터 다운로드
날짜가 있는 가장 오래된 관측: 2026. 9. 17. 오후 2:26 UTC.
일부 출처의 날짜를 알 수 없습니다.
자산 집계 참고 사항 · 출처 메모 (영어)
- Aave and Morpho positions use provider-adjusted underlying reserves, excluding borrowed funds and specified recursive or issuer claims. These are reserve estimates rather than gross supplied balances.
- Stablecoin circulation is already USD-valued and adjusts canonical source-chain escrow. Bridge backing is not subtracted a second time.
- Asset identities come from reviewed source IDs and chain-specific evidence. A matching ticker alone does not establish token identity.
- Uniswap and selected vaults can allocate directly measured token balances by chain, contract and owner address. Synthetic compositions, pool TVL and fully diluted values never create monetary inventory.
- Negative or conflicting source balances are excluded. Asynchronous source observations and provider rounding limit attribution precision.
- ETH in wallets on L1 is the residual estimate after identified protocol, staking and bridge positions, not an address census. Untracked contracts and bridges can remain in it. Native ETH has on-chain rating D0; holder custody is outside the rating scope.
- Circulation uses a $1 million asset/chain cutoff. Protocol feeds use a $5 million TVL cutoff; selected pool discovery starts at $1 million. Direct custody balances add detail independently. Coverage is partial, not exhaustive.
- L2 represented ETH uses the greater of covered canonical backing and directly located protocol reserves, with protocol positions carved out of the same inventory. It is a partial coverage bound, not total rollup TVS.
- The staking halo subtracts tracked liquid-staking ETH backing once. Conversion uses provider LST/ETH price ratios as estimates, not audited redemption rates. Untracked backing may remain in the halo.
- The staking aggregate sums validator balances from a finalized Ethereum consensus state, including balances awaiting withdrawal. Its slot determines the observation timestamp; price changes and failed requests do not renew it.
- Tokenized Bitcoin and selected utility/governance tokens cover measured reserves, not full minted supply, global market capitalization or complete wallet balances. New contract identities do not imply completed control reviews.
- Financial observation dates, collection time and control-registry review dates are separate. Failed source requests retain prior useful observations.