1/ @Spiko_finance is an RWA platform giving people tokenized access to both U.S. T-bills and European treasuries, with more products on the way.
Let’s dive into adoption and usage.
2/ EUTBL—@Spiko_finance’s larger token, primarily backed by French treasury bills—has a ~$358M market cap and has delivered over $4M in cumulative interest.
Most supply sits on Polygon and Arbitrum, with some on Base, Starknet, and Ethereum.
@Spiko_finance 3/ USTBL—primarily backed by U.S. Treasury bills—sits just under $150M in market cap.
Supply is concentrated on Ethereum, with a more even distribution than EUTBL across supported chains.
@Spiko_finance 4/ Redemptions: EUTBL shows much more active mint/burn activity; USTBL is comparatively steady.
Both tokens have low on-chain velocity—tens to hundreds of daily transactions on nine-figure asset bases.
@Spiko_finance 5/ Holders: ~1.7K holders for EUTBL and ~763 for USTBL.
Distribution is broad for both, though USTBL is more top-heavy at the high end.
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