SPIKO vs VALOS
Spiko and Valos, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and SPIKO/VALOS spread
Loading price history…
Spiko issues dollar-denominated tokenized real-world assets across 7 chains. Value shown is on-chain assets under management.
Verdict band: Adequate
Valos issues dollar-denominated tokenized real-world assets across 1 chains. Value shown is on-chain assets under management.
Verdict band: Adequate
| Safety scoreComposite of collateral, peg, liquidity, issuer and track record. | ●●●●●5 of 5 | 66 | 62 | SPIKO |
|---|---|---|---|---|
| Collateral qualityWhat actually backs the token, and how liquid that backing is. | ●●●●●5 of 5 | 55 | 55 | Tie |
| Exit liquidityWhether you can leave at size without moving the price. | ●●●●●5 of 5 | $0.00 | $0.00 | Tie |
| Issuer & legal standingRegulatory perimeter, disclosure quality and redemption rights. | ●●●●4 of 5 | 48 | 48 | Tie |
| Peg tightness (live)Absolute distance from $1.00 right now — smaller is better. | ●●●●4 of 5 | 0.000% | 0.000% | Tie |
| Worst recorded depegHow badly the token has broken before, as a stress precedent. | ●●●●4 of 5 | None recorded | None recorded | Tie |
| Track recordYears live and behaviour through past stress events. | ●●●●4 of 5 | 53 | 53 | Tie |
| Scale / market capBigger float usually means broader venue support and tighter spreads. | ●●●3 of 5 | $2.46B | $110.19M | SPIKO |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 7 chains | 1 chains | SPIKO |
| Best available yieldUpside — but every extra point above T-bills is paid for with risk. | ●●2 of 5 | None | None | Tie |
"Matters" is our weighting of how much each dimension typically drives a real allocation decision. Sort any column to re-rank the tradeoffs by what matters to you.
The short answer
SPIKO scores higher on safety (66 vs 62), driven mainly by collateral quality and disclosure. SPIKO has deeper tracked liquidity ($0.00), which is what determines whether you can exit at size.
If both are fiat-reserve tokens, note that holding both is not diversification: they share the same short-dated Treasury and banking exposure. Genuine diversification means mixing collateral structures.
Which one fits your goal: SPIKO or VALOS?
Capital preservation over everything else.
For park cash safely, SPIKO is the better fit over VALOS.
- Safety score 66 vs 62, with collateral rated 55/100.
- Current peg deviation 0.000% against 0.000% for VALOS.
- No material depeg recorded for SPIKO in our incident log.
Concentrating in one issuer is a single point of failure regardless of score. Split across collateral structures.
Key risks, side by side
SPIKO
- Issuer and banking risk: reserves sit with Spiko under Not documented rules.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Attestation cadence: monthly.
VALOS
- Issuer and banking risk: reserves sit with Valos under Not documented rules.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Attestation cadence: monthly.
- Chain concentration: 100% of supply sits on Monad.
| Metric | SPIKO | VALOS |
|---|---|---|
| Category | Tokenized Treasury | Tokenized Treasury |
| Issuer | Spiko | Valos |
| Jurisdiction | Not documented | Not documented |
| Collateral | treasuries | treasuries |
| Peg mechanism | asset-backed | asset-backed |
| Attestation | monthly | monthly |
| Redemption | gated | gated |
| Price | $1.0000 | $1.0000 |
| Peg deviation | 0.000% | 0.000% |
| Market cap | $2.46B | $110.19M |
| 7d supply change | +3.06% | +0.16% |
| Liquidity | $0.00 | $0.00 |
| Best yield | None | None |
| Chains | 7 | 1 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (SPIKO vs VALOS)
- +0.0 bps
- $1.0000 vs $1.0000
- Peg deviation gap
- 0.000 pp
- SPIKO 0.000% · VALOS 0.000%
- Yield spread
- +0.00%
- SPIKO — · VALOS —
- Liquidity ratio
- —
- $0.00 vs $0.00
A round trip between SPIKO and VALOS costs roughly the market spread plus venue fees. At 0.0 bps of price gap, swapping $1M implies about $0.00 of price impact before fees — usually only worth it if the peg gap or yield spread is durable, not intraday noise.
Chain coverage
SPIKO is live on 7 chains, VALOS on 1. 0 chains carry both, so bridging is only unavoidable for the 8 networks where just one of them is deployed.
| Chain | SPIKO | VALOS | Both available |
|---|---|---|---|
| $1.52B | — | SPIKO only | |
| $470.95M | — | SPIKO only | |
| $215.34M | — | SPIKO only | |
| $172.18M | — | SPIKO only | |
| — | $110.19M | VALOS only | |
| $39.63M | — | SPIKO only | |
| $33.82M | — | SPIKO only | |
| $4.91M | — | SPIKO only |
SPIKO vs VALOS: frequently asked questions
Is SPIKO or VALOS safer?
+
On our composite safety score SPIKO rates 66/100 versus 62/100 for VALOS. The score weighs collateral quality (treasuries vs treasuries), redemption rights, attestation quality, peg history and liquidity depth. A higher score is not a guarantee: both remain issuer-credit and smart-contract exposures, not insured bank deposits.
What is the difference between SPIKO and VALOS?
+
Spiko is issued by Spiko (Not documented), backed by treasuries, with redemption terms: gated. Valos is issued by Valos (Not documented), backed by treasuries, with redemption terms: gated. Attestation coverage is "monthly" for SPIKO and "monthly" for VALOS.
Which has the bigger market cap, SPIKO or VALOS?
+
SPIKO is larger at $2.46B in circulating supply, against $110.19M for the other. Over the last 7 days supply moved +3.06% for SPIKO and +0.16% for VALOS.
Are SPIKO and VALOS trading at $1.00 right now?
+
SPIKO trades at $1.0000 (0.000% off peg) and VALOS at $1.0000 (0.000% off peg). The gap between the two is about 0.0 basis points, which is the cost you pay when rotating size between them before fees.
Has SPIKO or VALOS ever depegged?
+
SPIKO: no material depeg recorded in our incident set. VALOS: no material depeg recorded in our incident set. Past peg behaviour under stress is the single best available proxy for how a token trades in the next crisis.
Which is better for large institutional size, SPIKO or VALOS?
+
For block size the constraint is exit liquidity and primary redemption, not headline supply. SPIKO shows deeper on-chain liquidity at $0.00 versus $0.00. Combine that with the redemption channel — SPIKO: gated; VALOS: gated — and size trades against the primary window rather than the order book where possible.
Can I earn yield on SPIKO or VALOS?
+
Neither SPIKO nor VALOS currently has a tracked yield venue in our dataset. Holding either in a wallet pays nothing; any advertised rate comes from lending or liquidity provision on top, with its own risk.
Which chains support both SPIKO and VALOS?
+
They currently share no common network in our data: SPIKO is deployed on 7 chain(s) and VALOS on 1. Moving between them requires a bridge or a centralised venue.
What does it cost to switch from SPIKO to VALOS?
+
Budget three components: the current price spread of roughly 0.0 bps, swap or venue fees, and slippage against available depth ($0.00 for SPIKO, $0.00 for VALOS). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is SPIKO or VALOS regulated?
+
SPIKO is issued from Not documented with monthly; VALOS is issued from Not documented with monthly. Regulatory status varies by your own jurisdiction and by whether the token is offered under a specific stablecoin regime, so treat this as a starting point for diligence, not legal advice.