Blockworks launches public dashboard tracking OlympusDAOās books
The new analytics page puts Olympus revenue, supply, backing and solvency data in one public place
OlympusDAO now has a public report card. Blockworks has launched an analytics dashboard that tracks the protocol’s financials, supply, issuance, backing, solvency and security.
For a DeFi protocol built on the idea of being a treasury-backed reserve currency, that is a meaningful step. Claims about backing are only as good as the ability to check them.
What the dashboard actually shows
The dashboard went live on October 2, 2026. It is split into seven tabs, each covering a different slice of the protocol.
Those tabs track financials, supply and issuance metrics, and activity in Cooler, the protocol’s lending product. They also cover backing per OHM token, along with risk and solvency indicators.
The page is free to view at app.blockworks.com/analytics/olympus, and it can also be reached through blockworks.com/analytics/olympus.
The headline number is revenue. Olympus is currently pulling in approximately $65,000 per week in protocol revenue.
The more interesting figure sits underneath it. Interest from Convertible Deposit loans is now approaching $22,000 a week, up from negligible levels just six weeks earlier.
Put plainly, a revenue line that barely existed a month and a half ago now accounts for roughly a third of weekly income.
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The research behind the launch also points to sUSDe yield as a leading revenue source for the protocol. sUSDe is the staked version of Ethena’s USDe, which earns yield for holders.
On the market side, OHM trades around $20, giving it a market cap of approximately $300 million.
How Olympus works, briefly
OlympusDAO launched in 2021 with an ambitious pitch. It wanted to function as a reserve currency, supported by a treasury of diversified assets rather than by faith alone.
To build and manage that treasury, the protocol relies on a few core mechanisms. These include bonding, staking and protocol-owned liquidity.
Bonding lets users hand assets to the treasury in exchange for OHM. Staking lets holders lock up tokens to earn rewards. Protocol-owned liquidity means Olympus controls its own trading liquidity instead of renting it from outside providers.
Then there is Cooler, the protocol’s lending product. Cooler offers fixed-rate borrowing against gOHM, the governance-wrapped version of OHM, used as collateral.
Why this matters for OHM holders and DeFi watchers
For a treasury-backed token, the single most important question is simple. Is the backing really there, and how much of it sits behind each token?
The backing-per-OHM tab speaks directly to that question. So do the solvency and risk indicators.
Independence is part of the value here. A protocol publishing its own numbers is useful. An outside analytics provider publishing them carries a different kind of weight.
The Olympus page is not a one-off. It joins Blockworks analytics already covering protocols such as Ethena, Kamino and Origin Protocol.
The broader push suggests growing demand for institutional-grade transparency in DeFi. Larger allocators typically want standardized financial data, risk metrics and solvency indicators before they commit money.