Price is the GeckoTerminal daily close for the STANDARD/ETH pool. Market capitalization on minted supply corresponds to the figure quoted by DexScreener and GeckoTerminal. Market capitalization on outstanding supply excludes STANDARD held in the protocol’s own pool and in the Incentives Vault. Shaded intervals denote contraction epochs.
Token price and market capitalization
Daily closing price with market capitalization on minted supply and on outstanding supply.
Source: GeckoTerminal daily close for the STANDARD/ETH pool; STANDARD transfer logs for supply and outstanding supply; epoch-settled events for the regime.
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Fee income comprises token trading fees, charter auction proceeds and fee income from every reserve pool. The launch epoch is excluded because genesis-day fees distort the first week.
Fee yield
Trailing seven-day fee income, annualized, as a share of market capitalization on outstanding supply.
Source: epoch-routed events, charter purchases, stock-pool swap fees; outstanding supply from transfer logs.
Fee income
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Token trading fees are known per three-day epoch and are allocated evenly across its days; the current epoch is estimated from ETH held in the tax hook and fee splitter. Charter proceeds are recorded on the sale date. Pool fee income is derived from the fee field of each swap, weighted by the reserve’s share of in-range liquidity.
Fee income by source
Token trading fees, charter auction proceeds and pool fee income, in USD.
Source: SR indexer epoch-routed events, charter purchase events, PoolManager swap logs, Coinbase ETH-USD.
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In expansion epochs 70% is allocated to the reserve; in contraction epochs 70% is allocated to buybacks and burns. A further 15% purchases STANDARD into the Incentives Vault and 15% is allocated to the team. Gold denotes charter auction proceeds within the total.
Fee routing by epoch
ETH routed by the fee engine at each epoch settlement.
Source: SR indexer epoch-routed and epoch-settled events.
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Net flow is ETH purchased less ETH sold through the pool during the epoch, as reported by the hook; its sign sets the regime. Routed total comprises trading fees and charter proceeds. The vault allocation is 70%, to the reserve in expansion and to buybacks in contraction. Multiplier after is the issuance multiplier applied from the following epoch.
Epoch settlement ledger
Net flow determines the regime; routed fees are the levy on total volume and are therefore always positive.
Liquidity business Progress toward a liquidity hub that earns from trading in protocol-owned pools.
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Fee income and volume are derived from PoolManager swap logs for the reserve’s pools; liquidity from StateView; competing venues from DexScreener token-pair data for the same assets on Robinhood Chain. Share of on-chain trading uses DexScreener’s 24-hour window.
Trading venue economics
All protocol-owned pools: three tokenized equities and ETH/USDG. Fee income reflects the reserve’s share of in-range liquidity.
Pool fee income by pool
Daily fee income earned by the reserve in each pool, with pool fee income as a trailing seven-day share of total fee income.
Source: PoolManager swap logs; epoch-routed events; charter purchase events.
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Pool fee income accrues within the reserve’s liquidity positions and does not pass through the fee engine; it therefore adds to backing and funds no buybacks. Token trading fees and charter proceeds are routed at settlement: 70% to the reserve in expansion epochs or to buybacks in contraction epochs, 15% to POL buybacks and 15% to the team.
Fee income allocation, trailing seven days
Allocation of fee income to reserve backing, buybacks and the team.
Auctions
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One charter is offered per 12-hour period in a Dutch auction. The price opens at three times the previous clearing price and halves every two hours toward a floor of 1 ETH until a purchase occurs. Proceeds are distributed through the fee engine. Triangles denote purchases executed through a contract.
Charter auction clearing prices
Clearing price of each charter sold, in ETH.
Source: CharterPurchased events on the auction contract; current price from the auction contract.
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Expansion licenses open additional branches, are paid in STANDARD and are burned on purchase. Twenty-five are offered per 12-hour period (24-hour periods at launch), opening at twice the previous clearing price with a floor of approximately two days of one branch’s issuance.
License auction clearing prices and volume
Period close price in STANDARD and licenses sold per period.
Source: licenses-purchased events grouped by auction period.
Reserve assets and protocol-owned liquidity
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Comprises ETH and USDG held in the reserve Safe, ETH in the policy vaults, tokenized equities held outside pools, and the Safe’s Uniswap v4 positions. Excludes the S-Bill premium pot and the team wallet.
Reserve composition by asset
Current reserve holdings, in USD.
Source: Robinhood Chain RPC balances of the reserve Safe, vaults and the Safe's Uniswap v4 positions. Excludes the S-Bill premium pot and team wallet.
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The grey line denotes the share of volume transacted at a 0% fee, attributable to a fee-exempt arbitrage contract. Fee income accrues to the reserve, which owns every position, weighted by its share of in-range liquidity.
Pool trading volume and fee income
Daily volume by pool in USDG, fee income to the reserve, and the share of volume transacted at zero fee.
Source: PoolManager swap logs for the reserve's pools; fee from the swap's fee field.
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Holdings and prices are read from Uniswap v4 StateView and PositionManager; other venues for the same asset from DexScreener. The reserve is the sole liquidity provider in the equity pools but shares the ETH/USDG pool with third-party providers, so fee income reflects its share of in-range liquidity at each swap. Equity pools apply a session fee set by the hook; the ETH/USDG pool applies a fixed tier. Yield is trailing seven-day fee income annualized over position value.
Protocol-owned liquidity by pool
The reserve’s position in each pool and its standing against other venues on the chain.
Source: Uniswap v4 StateView and PositionManager for holdings; DexScreener token-pairs for the other pools.
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Balances are read on-chain at each run. The chain retains no archival state, so the series begins on the first day of operation (22 October 2026) and extends by one observation per run.
Reserve composition, daily change
Each reserve component against the prior day and seven days earlier.
Source: Robinhood Chain RPC balances and Uniswap v4 position values at each run, USD at that run's ETH price and pool prices.
Supply and market capitalization
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Outstanding supply equals minted supply less STANDARD held in the protocol’s pool less the Incentives Vault. Free float further excludes S-Bills locked and the team wallet; fully diluted adds the unminted ledger balance owed to bankers. DexScreener and GeckoTerminal quote market capitalization on minted supply. The ledger balance has been credited to branches but is minted only on withdrawal.
Supply reconciliation
From the genesis mint to outstanding supply, free float and fully diluted supply.
Outstanding = minted supply less the protocol's pool and the Incentives Vault, the equity analog of shares outstanding. Free float further excludes S-Bills locked and the team wallet. Fully diluted adds the unminted ledger balance owed to bankers. DexScreener and GeckoTerminal quote market capitalization on minted supply.
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Minted supply is the ERC-20 total supply, the basis DexScreener and GeckoTerminal use for market capitalization. Outstanding supply excludes STANDARD held in the protocol’s own pool and in the Incentives Vault. Bars are each day’s net change in minted supply: withdrawals minted to bankers add, buybacks burned and deposits converted to the ledger subtract. A buyback lowers minted supply but not outstanding supply, because the tokens come out of the protocol pool.
STANDARD supply
Minted and outstanding supply, with each day’s net change in minted supply.
Source: STANDARD transfer logs classified by counterparty. Bars = Δ minted supply, in STANDARD.
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Withdrawals minted to bankers and Incentives Vault distributions add to outstanding supply; deposits to branches, which are burned to the ledger, reduce it. Buybacks and POL purchases remove tokens from the pool. Net flow into the pool is sales less purchases.
Outstanding supply flows by source
Daily movements of STANDARD into and out of outstanding supply.
Source: STANDARD Transfer logs involving the pool, vaults, S-Bills and the zero address.
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Issuance accrues to branches as a ledger entry at 700,000 multiplied by the policy multiplier per day. Licenses purchased with accrued STANDARD and resolution fees are burned before any minting occurs. The line is net issuance, the new STANDARD owed to bankers.
Issuance and burn
Daily issuance accrued to branches against STANDARD burned before minting.
Source: epoch-settled multipliers, licenses-purchased, withdrawn and revoked events.
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Supply changes when withdrawals are minted (+), deposits are burned to branches (−) and buybacks are burned (−). The pool changes when the market sells into it (+) or purchases from it (−) and when buybacks withdraw tokens (−). A buyback reduces supply and the pool by equal amounts, lowering market capitalization on minted supply while leaving outstanding supply unchanged. S-Bill premiums are paid from a pot held by the S-Bills contract and move tokens within outstanding supply.
Supply, pool and outstanding reconciliation
Daily reconciliation: outstanding supply equals minted supply less the protocol pool less the Incentives Vault.
Source: STANDARD Transfer logs classified by counterparty (zero address, PoolManager, contraction vault, POL buyback, Incentives Vault). S-Bill premiums are paid from a pot the S-Bills contract already holds, so they move tokens within outstanding supply and do not appear.
Banking system
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Ledger balance equals issuance plus deposits plus recycled fees, less license purchases, gross withdrawals and revocations. The resolution fee, the exit fee on withdrawals, is 2% and rises to 60% as seven-day exit pressure approaches 10% of the ledger.
Bank deposits, withdrawals and ledger balance
Daily deposits against gross withdrawals, with bankers’ ledger balance, which is minted only on withdrawal.
A charter opens with one branch and licenses add up to nine more. Withdrawals and revocations destroy branches; a charter with no remaining branches is burned. The reconstruction matches the live census. The multiplier by epoch is shown in the epoch settlement ledger.
Branch and charter count
Branches outstanding and active charters, reconstructed from on-chain events.
Source: charter-created, branches-opened, withdrawn and revoked events.
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Ranked by lifetime emissions from the Standard Reserve indexer leaderboard. Names are the owners’ own primary ENS names on Ethereum mainnet, looked up by reverse record and refreshed weekly; wallets without one are shown by address. Charters are soulbound, so the listed wallet is the original buyer. Share is the banker’s branches as a share of all branches. Rank change compares with the previous epoch’s lifetime ranking.
Top bankers
Ranked by lifetime emissions, with ENS names where the owner has set one.
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Reserve value is read from on-chain balances and begins on the first day of operation. All other fields are reconstructed from protocol events and transfer logs.
Daily data log
One observation per UTC day since genesis. The current day is partial.
Standard Reserve Protocol Monitor · compiled 2026-10-25 00:30 UTC · Sources: Standard Reserve indexer, Robinhood Chain RPC, DexScreener, GeckoTerminal, Coinbase · Artwork: Standard Reserve
