Blockworks launched a public analytics dashboard on October 2, 2026, that tracks OlympusDAO's revenue, supply, issuance, backing, solvency and security in a single location — the first independent, freely accessible window into the treasury-backed protocol's books.

The page lives at app.blockworks.com/analytics/olympus and is also reachable through blockworks.com/analytics/olympus. It is free to view and split into seven tabs covering financials, supply and issuance metrics, activity in Cooler, backing per OHM token, and risk and solvency indicators.

For a protocol whose core pitch is a treasury-backed reserve currency, independent verification is the point. Claims about backing are only as strong as the ability to check them, and until now the protocol published its own numbers.

What do the numbers show?

The headline figure is revenue. Olympus currently generates approximately $65,000 per week in protocol revenue, according to the dashboard.

The more notable line sits underneath it. Interest from Convertible Deposit loans is now approaching $22,000 a week, up from negligible levels just six weeks earlier. A revenue stream that barely existed a month and a half ago now accounts for roughly a third of weekly income.

The research behind the launch also identifies sUSDe yield — staked Ethena USDe — as a leading revenue source for the protocol.

On the market side, OHM trades around $20, giving it a market capitalization of approximately $300 million.

How does Olympus generate that revenue?

OlympusDAO launched in 2021 with the goal of functioning as a decentralized reserve currency backed by a diversified treasury rather than market confidence alone.

The protocol relies on several core mechanisms:

• Bonding — users hand assets to the treasury in exchange for OHM.
• Staking — holders lock tokens to earn rewards.
• Protocol-owned liquidity — Olympus controls its own trading liquidity instead of renting it from outside providers.

Cooler, the protocol's lending product, adds fixed-rate borrowing against gOHM, the governance-wrapped version of OHM, used as collateral.

Why does independent tracking matter?

For a treasury-backed token, the central question is straightforward: is the backing really there, and how much of it sits behind each token? The backing-per-OHM tab addresses that directly, alongside the solvency and risk indicators.

Independence carries weight. A protocol publishing its own numbers is useful; an outside analytics provider publishing them is a different form of accountability.

The Olympus page is not a one-off. It joins Blockworks analytics coverage already spanning Ethena, Kamino and Origin Protocol.

The broader push points to growing demand for institutional-grade transparency in DeFi. Larger allocators typically require standardized financial data, risk metrics and solvency indicators before committing capital.

As independent dashboards become standard infrastructure for treasury-backed protocols, the operational bar for what counts as verifiable backing is shifting from self-reported figures to third-party, on-chain-auditable data.