Looking at the permissionless treasury sector over the past month, the data tells an interesting story. $thBILL's average daily volume has crossed the $10M mark—a solid number that puts it ahead of competing products in this space.

Other treasury tokens are trailing behind for now.

What makes this noteworthy? $thBILL has become the most actively traded onchain treasury right now. And that's the thing—high volume isn't just a vanity metric. It signals genuine user adoption and real demand, not just hype. When people are actually moving money through a product, that's what matters.