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NOPAL Rank 307 Real-world assets

Nest BlackOpal LiquidStone II Vault

$1.09 +0.03% 24H +0.20% 7D
live quote, delayed and indicative CoinGecko observed 02 Sep 2026 21:47 UTC
Market cap Market cap $81.14M 0.00% of the market
Fully diluted Fully diluted $81.09M -0.06% above market cap
Volume, 24h Volume, 24h $0.00
Circulating Circulating 74.26M NOPAL no fixed maximum
From all-time high From all-time high -12.28% high on 16 Jun 2026
Volatility, 30d Volatility, 30d 0.4% annualized from daily moves
01

Valuation

Standardized ratios between what the asset is worth and what it produces. They are not equity multiples: there is no consolidated entity, no audited accounts and no enforceable claim on any cash flow. Each ratio states its own limits.

Before you read a single ratio: these look like equity multiples and are not. A token is not a share: it carries no residual claim, no audited consolidated accounts and no enforceable right to any fee stream. A protocol’s fee split is a governance choice that can be changed. Treat every ratio below as a scale check between two published figures, and read its limitations.
Dilution overhang How much larger fully diluted valuation is than market capitalization. point-in-time · Atlas calculation 0.00%
Market Cap / Annualized Fees Compares a token's market value with the fees users paid to the network over a year. Market Cap / Annualized Fees does not apply to this kind of asset.
Market Cap / Annualized Revenue Market value divided by the share of yearly fees the protocol keeps rather than paying out. Market Cap / Annualized Revenue does not apply to this kind of asset.
FDV / Annualized Fees Like the market cap version, but values every token that will ever exist at today's price. Our sources have not published this figure for this asset. It is left blank rather than estimated.
FDV / Annualized Revenue Fully diluted market value divided by the yearly fee income the protocol retains. Our sources have not published this figure for this asset. It is left blank rather than estimated.
Market Cap / TVL Compares a token's market value with the value of assets currently deposited in its contracts. Our sources have not published this figure for this asset. It is left blank rather than estimated.
FDV / TVL Fully diluted market value divided by the value of assets deposited in the protocol. Our sources have not published this figure for this asset. It is left blank rather than estimated.
Market Cap per Active Address Market value divided by the number of addresses that sent or received anything recently. Market Cap per Active Address does not apply to this kind of asset.
Market Cap / Annualized Transaction Volume Market value compared with the total dollar value moved on the network over a year. Market Cap / Annualized Transaction Volume does not apply to this kind of asset.
Market Cap / Stablecoin Supply Hosted A chain's market value compared with the total stablecoins issued or bridged onto it. Market Cap / Stablecoin Supply Hosted does not apply to this kind of asset.
NVT (Network Value to Transactions) Network value divided by the daily value moved on-chain, smoothed over about three months. NVT (Network Value to Transactions) does not apply to this kind of asset.
Network Revenue Yield Yearly protocol revenue expressed as a percentage of the token's market value. Network Revenue Yield does not apply to this kind of asset.
Fee Yield Total yearly fees paid by users, expressed as a percentage of the token's market value. Fee Yield does not apply to this kind of asset.
Holder Revenue Yield The share of fee income that actually reaches token holders, as a percentage of market value. Holder Revenue Yield does not apply to this kind of asset.
Volume to value locked How many times the value locked in a protocol is traded in its token each day. Volume to value locked does not apply to this kind of asset.
Market cap to DEX volume Market capitalization compared with the yearly value swapped through the network or protocol's decentralized exchanges. Market cap to DEX volume does not apply to this kind of asset.
Corporate treasuries over market cap The market value of disclosed corporate holdings as a share of the asset's market capitalization. Our sources have not published this figure for this asset. It is left blank rather than estimated.
02

The same ratios across its peer group

Assets we classify the same way, largest first. A ratio is only shown where both of its legs exist for that asset.

AssetMarket cap MC / feesMC / revenueMC / TVL
Nest BlackOpal LiquidStone II VaultNOPAL $81.14M
Figure HelocFIGR_HELOC $22.40B
StellarXLM $6.07B 13,513× 13,513× 26.2×
BlackRock USD Institutional Digital Liquidity FundBUIDL $2.77B
Circle USYCUSYC $2.71B
Tether GoldXAUT $2.69B 0.9×
Ondo US Dollar YieldUSDY $2.19B
PAX GoldPAXG $1.90B
OndoONDO $1.68B 19.2× 0.5×
Spiko Amundi Overnight Swap Fund (EUR)EURSAFO $1.20B
Blockchain CapitalBCAP $967.89M
QuantQNT $931.32M
Spiko EU T-Bills Money Market FundEUTBL $879.36M

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