Token Terminal

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No code chart and dashboard builder with
optional SQL access for technical users

For research teams and analysts

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No-code chart creation

Build any visualization with our no-code chart builder. Filter, group, and customize without writing a single query.

Metric

Filters

Market sectorisBlockchains (L1)

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Limit

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Display value as

Y-axis

Label

Active users (daily)

Legend

BNB Chain

Tron

Solana

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Feature-rich dashboards for research

Combine charts into comprehensive dashboards. Share with your team or publish publicly.

The Ethereum (ETH) Economy

How does the valuation of ETH correlate with the size of the Ethereum economy?

Token Terminal

Blockchains (L1)Ethereum

How does the valuation of ETH correlate with the size of the Ethereum economy?

For more than five years, total value locked (TVL) on Ethereum has established a floor for ETH's valuation.
If this pattern were to continue, it's worth studying how different DeFi, stablecoin, and RWA applications
Under this model, if Ethereum-based applications increase their combined TVL to $1 trillion → $1 trillion

ETH

Fully diluted market cap

$400.7 B

Ethereum

Total value locked (TVL)

$345.1 B

ETH valuation multiple

ETH fully diluted market cap / Ethereum TVL

1.2X

The value of ETH vs. the size of the Ethereum economy

SQL-based access for in-depth exploration

Access our full data warehouse with SQL. Query 2+ petabytes of on-chain data directly.

QueriesBitcoin active_addresses_daily

Last updated 21 days ago

Show internal tables

Bitcoin active_addresses_daily

select *

from metrics

where data_id = 'bitcoin' and metric_id = 'active_addresses_daily'

PressIfor AI suggestions

Estimated usage 898.29 MB

Success21 days ago

Run history

Table...

Chart

timestamp	data_id	metric_id	value
5/1/2012, 12:00:00 AM	bitcoin	active_addresses_daily	11443
5/2/2012, 12:00:00 AM	bitcoin	active_addresses_daily	11573
5/5/2012, 12:00:00 AM	bitcoin	active_addresses_daily	12299
5/10/2012, 12:00:00 AM	bitcoin	active_addresses_daily	12667

Feature-rich dashboards for research

Combine charts into comprehensive dashboards. Share with your team or publish publicly.

SQL-based access for in-depth exploration

Access our full data warehouse with SQL. Query 2+ petabytes of on-chain data directly.

The Ethereum (ETH) Economy

How does the valuation of ETH correlate with the size of the Ethereum economy?

Token Terminal

Blockchains (L1)Ethereum

How does the valuation of ETH correlate with the size of the Ethereum economy?

For more than five years, total value locked (TVL) on Ethereum has established a floor for ETH's valuation.
If this pattern were to continue, it's worth studying how different DeFi, stablecoin, and RWA applications
Under this model, if Ethereum-based applications increase their combined TVL to $1 trillion → $1 trillion

ETH

Fully diluted market cap

$400.7 B

Ethereum

Total value locked (TVL)

$345.1 B

ETH valuation multiple

ETH fully diluted market cap / Ethereum TVL

1.2X

The value of ETH vs. the size of the Ethereum economy

QueriesBitcoin active_addresses_daily

Last updated 21 days ago

Show internal tables

Bitcoin active_addresses_daily

select *

from metrics

where data_id = 'bitcoin' and metric_id = 'active_addresses_daily'

PressIfor AI suggestions

Estimated usage 898.29 MB

Success21 days ago

Run history

Table...

Chart

timestamp	data_id	metric_id	value
5/1/2012, 12:00:00 AM	bitcoin	active_addresses_daily	11443
5/2/2012, 12:00:00 AM	bitcoin	active_addresses_daily	11573
5/5/2012, 12:00:00 AM	bitcoin	active_addresses_daily	12299
5/10/2012, 12:00:00 AM	bitcoin	active_addresses_daily	12667

By the numbers

2+ PB

Data Warehouse

30 TB

Queries/Month

PRO

Unlimited

Charts & Dashboards

PRO

Metrics

"As a crypto investor, I spend a lot of time trying to understand the financial performance of crypto protocols. Before Token Terminal, this meant a lot of manual work across different platforms, whereas now I'm able to access comparable metrics for hundreds of protocols all in one place."