# Thales

> Track Thales' fees, revenue, active users and earnings with daily on-chain data across 5 chains. Compare Thales with other derivative exchanges. Updated daily.

Source: [Thales on Token Terminal](https://tokenterminal.com/explorer/projects/thales). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: THALES
- Sectors: Derivative exchanges
- Chains: arbitrum, base, optimism, polygon, zksyncera
- Archived: Token Terminal has discontinued tracking Thales. Data is no longer updated; historical values remain available and accurate.

## About

### What it is

Thales is a non-custodial exchange for parimutuel contracts built on Optimism, Arbitrum and Polygon. Thales was founded by Danijel Gornjakovic and was launched in December 2021.

### Who uses it

THALES tokenholders own and govern the protocol. Thales’ investors include Framework Ventures, Apollo Capital, etc.

### How it works

Thales deposits liquidity into marketplaces and receive fees from traders (revenue). The funds collected are used to buyback and burn the THALES governance token.

## Metrics

Token Terminal tracks these metrics for Thales daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/thales/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/thales/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/thales/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/thales/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/thales/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/thales/metrics/token-turnover-circulating)
- [Token holders](https://tokenterminal.com/explorer/projects/thales/metrics/tokenholders)
- [Circulating supply](https://tokenterminal.com/explorer/projects/thales/metrics/token-supply-circulating)
- [Maximum token supply](https://tokenterminal.com/explorer/projects/thales/metrics/token-supply-maximum)
- [Fees](https://tokenterminal.com/explorer/projects/thales/metrics/fees)
- [Supply-side fees](https://tokenterminal.com/explorer/projects/thales/metrics/fees-supply-side)
- [Revenue](https://tokenterminal.com/explorer/projects/thales/metrics/revenue)
- [Expenses](https://tokenterminal.com/explorer/projects/thales/metrics/expenses)
- [Token incentives](https://tokenterminal.com/explorer/projects/thales/metrics/token-incentives)
- [Earnings](https://tokenterminal.com/explorer/projects/thales/metrics/earnings)
- [P/F ratio (fully diluted)](https://tokenterminal.com/explorer/projects/thales/metrics/pf-fully-diluted)
- [P/F ratio (circulating)](https://tokenterminal.com/explorer/projects/thales/metrics/pf-circulating)
- [P/S ratio (fully diluted)](https://tokenterminal.com/explorer/projects/thales/metrics/ps-fully-diluted)
- [P/S ratio (circulating)](https://tokenterminal.com/explorer/projects/thales/metrics/ps-circulating)
- [Active users (daily)](https://tokenterminal.com/explorer/projects/thales/metrics/user-dau)
- [Active users (weekly)](https://tokenterminal.com/explorer/projects/thales/metrics/user-wau)
- [Active users (monthly)](https://tokenterminal.com/explorer/projects/thales/metrics/user-mau)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/thales/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/thales/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/thales/metrics/active-addresses-monthly)
- [Core developers](https://tokenterminal.com/explorer/projects/thales/metrics/active-developers)
- [Code commits](https://tokenterminal.com/explorer/projects/thales/metrics/code-commits)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/thales/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/thales/metrics/gas-used)
- [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/thales/metrics/afpu)
- [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/thales/metrics/arpu)
- [Take rate](https://tokenterminal.com/explorer/projects/thales/metrics/take-rate)

## Links

- [governance](https://thalesmarket.io/governance/thalescouncil.eth/)
- [github](https://github.com/thales-markets)
- [twitter](https://twitter.com/ThalesMarket)
- [discord](https://discord.com/invite/thales)
- [etherscan](https://optimistic.etherscan.io/token/0x217d47011b23bb961eb6d93ca9945b7501a5bb11)
- [website](https://thalesmarket.io/)