September: $9.8 billion in vault balances; ETH performance lags behind staking
Original headline9월 98억달러 볼트 잔액…ETH 성과는 스테이킹 밑돌아
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Glassnode's Strategy Watch #9, published October 30, shows Ethereum vaults underperformed ETH staking in September, while dollar-denominated vault strategies beat US Treasury yields for a third consecutive month. Vault balances tracked by Glassnode rose roughly 15% in September to $9.8 billion, the largest level since November 2025. The firm cautions that balances reflect both new deposits and price movements of held assets, so the increase cannot be attributed entirely to fresh inflows. The report benchmarks ETH vault performance against staking yields and dollar vault strategies against Treasury returns, offering a standardized comparison across vault products. Watch for whether ETH vaults close the gap with staking and if dollar vaults extend their outperformance versus Treasuries in the October data.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Ethereum (ETH), Glassnode, US Treasury
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