A new era for DeFi tokens?

Beyond Dollar Stablecoins: Three Emerging Categories of Tokenized Assets

Institutional stablecoins are taking off on Solana

Token Terminal is expanding its standardized onchain analytics to cover the rapidly growing category of tokenized real-world assets (RWAs) – starting with stablecoins, tokenized funds, and tokenized stocks.

Introducing Tokenized Assets

Through its partnership with Token Terminal, EigenCloud turns transparency into a competitive advantage and continues to build trust with its growing community.

Customer stories: Token Terminal’s Data Partnership with EigenCloud

Ethereum has become a platform for high-value finance

Today, we’re launching Methodologies, a new feature on Token Terminal that documents every calculation step between raw blockchain data and standardized financial and usage metrics.

Launching methodologies

During Q4, we’re rolling out Queries — a SQL interface designed to complement and extend our existing no-code analytics tools.

Expanding the frontier of onchain analytics

Through this collaboration, Token Terminal will provide onchain data to Alea Research and support their platform and research reports with standardized and institutional-grade onchain data.

Token Terminal x Alea Research: A partnership to advance the quality and distribution of onchain data & research

Through its partnership with Token Terminal, Ether.fi turns transparency into a competitive advantage and continues to build trust with its growing community.

Customer stories: Token Terminal’s Data Partnership with Ether.fi

Through its partnership with Token Terminal, Pendle turns transparency into a competitive advantage and continues to build trust with its growing community.

Customer stories: Token Terminal’s Data Partnership with Pendle

Through its partnership with Token Terminal, Raydium turns transparency into a competitive advantage and continues to build trust with its growing community.

Customer stories: Token Terminal’s Data Partnership with Raydium

Tokenized AUM in crypto reaches $280 billion

Earlier this year, Uniswap V4 introduced one of its most powerful features yet: hooks.

Decoding Uniswap V4’s bit-packed swap data at scale

Token Terminal’s standardized onchain metrics are now live on CoinGecko! You can find them on every asset page under the Financials section. The first data sets include historical data for fees and revenues, with more metrics to come.


Token Terminal x CoinGecko: Token Terminal’s onchain data is now available on CoinGecko

The Ethereum economy; a breakdown by GDP

Over the coming months, Binance users will get access to key financial and usage metrics for crypto assets — all from a single, trusted source.

Binance Leverages Token Terminal’s Data Infrastructure To Deliver On-chain Analytics for Millions of Users

Circle’s $60B stablecoin footprint: The onchain growth story behind a successful IPO

Base’s growing app ecosystem pushes TVL to $8B

Token Terminal has completed its integration of Sonic to enable institutional-grade onchain analytics for the Sonic ecosystem. This integration improves the accessibility of Sonic's onchain data to enable more informed decision-making for all stakeholders in the ecosystem.

Sonic is live on Token Terminal

Over the past few weeks, we’ve shipped a series of customer‑driven upgrades to the Token Terminal API. In this post, you’ll get a quick tour of the changes—along with concrete, real‑world examples that show how teams are already putting our API to work.

New updates to the Token Terminal API

Ethereum’s TVL is now 65% stablecoins 

We’ve revamped the UI & UX for our market sector & project pages

Product update: our new market sector and project pages are live

BlackRock is expanding onchain

Through this collaboration, Token Terminal will provide onchain data to Messari and support their platform and research reports with standardized and institutional-grade analytics

Token Terminal x Messari: A partnership that advances the quality and distribution of onchain data & research

Aave's treasury & market share in lending at all-time highs

Token Terminal is now the primary onchain data provider for Focal, FalconX’s AI-driven insights engine built for institutional investors in crypto markets.

Token Terminal x Focal by FalconX: Powering institutional-grade onchain intelligence

+ new project listings & product updates on the platform

The Snapshot: L2s by incumbents; Unichain, Ink & Soneium

Also, many new listings and product updates live on the platform

The Snapshot: Base's annualized GDP crosses $1B 

Token Terminal has completed its integration of Gravity Alpha Mainnet to enable institutional-grade onchain analytics for the Gravity Alpha Mainnet ecosystem. This integration improves the accessibility of Gravity Alpha Mainnet's onchain data to enable more informed decision-making for all stakeholders in the ecosystem.

Gravity Alpha Mainnet is live on Token Terminal

The Snapshot: Blockchain GDP and new listings on Token Terminal

Token Terminal has completed its integration of Injective to enable institutional-grade onchain analytics for the Injective ecosystem. This integration improves the accessibility of Injective’s onchain data to enable more informed decision-making for all stakeholders in the ecosystem.

Injective is live on Token Terminal 

Token Terminal has completed its integration of Viction to enable institutional-grade onchain analytics for the Viction ecosystem. This integration improves the accessibility of Viction’s onchain data to enable more informed decision-making for all stakeholders in the ecosystem.

Viction is live on Token Terminal 

Customer stories: Token Terminal’s Data Partnership with BMX

In addition to standardized financial and usage metrics, Maple Finance and Token Terminal are excited to explore opportunities to create custom dashboards with project-specific metrics that would offer both lenders and borrowers deeper insight into the platform’s features and performance.

Customer stories: Token Terminal’s Data Partnership with Maple Finance

Through its partnership with Token Terminal, Merkle Trade turns transparency into a competitive advantage and continues to build trust with its growing community.

Customer stories: Token Terminal’s Data Partnership with Merkle Trade

With Token Terminal Studio, analysts gained the power to create custom charts, data tables, and dashboards. Now, with Teams, entire investment and data analytics teams can collaborate on custom dashboards in real-time.

Introducing Token Terminal Teams: Collaborate on Onchain Data

We’re excited to introduce Token Terminal Studio, a suite of industry-leading tools designed to enable analysts to easily create custom analysis by leveraging the data that’s available on Token Terminal.

Introducing Token Terminal Studio: Industry-Leading Tools for Custom Onchain Analysis

We’re excited to introduce Token Terminal Sheets, a Google Sheets & Microsoft Excel plug-in that makes all Token Terminal datasets accessible within analysts’ spreadsheet workflows, and frees up more time for research and insight generation.

Introducing Token Terminal Sheets: Access Onchain Data in Your Spreadsheet

The best chains build a mutually beneficial flywheel between the platform & its app ecosystem

Ecosystem metrics by metric type

Getting nodes to run reliably isn’t just about following a guide and hoping for the best. From syncing with the network to setting up the right infrastructure, each step holds hidden headaches that can easily drain teams of their time and patience.

Why running nodes is more messed up than you think

Through its partnership with Token Terminal, Vertex turns transparency into a competitive advantage and continues to build trust with its growing community.

Customer stories: Token Terminal’s Data Partnership with Vertex

Together, Token Terminal and Firstset (“TT x 1S”) provide blockchain networks—both emerging and established—with a comprehensive validator solution that goes beyond traditional validation services. By partnering with TT x 1S, a network gets access to enterprise-level validation services, institutional-grade onchain analytics, and a Wall Street distribution—-from testnet to mainnet and beyond.

Token Terminal Partners with Firstset

We’re excited to launch our new blog series, ‘How We Build,’ where our engineering team takes you behind the scenes to reveal how we run a scalable and reliable blockchain data pipeline—the core infrastructure powering all of Token Terminal’s products. From managing in-house node infrastructure across 40+ blockchains to maintaining a 400TB data warehouse.


Announcing Our Engineering Blog Series: ‘How We Build’ by the Token Terminal Engineering Team

Archival nodes are vital for maintaining the full history of a blockchain. They ensure that anyone can access past data for in-depth analytics or audits. 

No history, no trust: why full nodes alone aren’t enough

We are thrilled to announce the appointment of Alex Wenham as a Strategic Advisor at Token Terminal. Alex brings over fifteen years of experience from the intersection of traditional finance and crypto, having spent a significant part of his career at Bloomberg, where he held key leadership roles focused on institutional sales and product strategy. His extensive expertise in both traditional finance and the rapidly evolving digital asset landscape make him an invaluable addition to our growing team.


Token Terminal Welcomes Alex Wenham as a Strategic Advisor

Through its partnership with Token Terminal, Euler turns transparency into a competitive advantage and continues to build trust with its growing community.

Customer stories: Token Terminal’s Data Partnership with Euler

Both indexers and Data Lakes play critical roles in managing and retrieving blockchain data, but they do so in different ways.

How Data Lakes solve crypto data’s cold start problem

Arbitrum One

In this episode, we’re joined by Steven Goldfeder, Co-Founder and CEO of Offchain Labs, the team behind Arbitrum. We discuss the launch of Arbitrum Stylus, Arbitrum's strategic positioning in the expanding blockchain market, key developments within the Orbit ecosystem, the concept and significance of chain clusters, and much more.

Exploring Arbitrum Stylus, Orbit, and Nitro: An Interview with Steven Goldfeder

We’re kicking off a tech series to give you a behind-the-scenes look at what it takes to run a reliable and scalable blockchain data pipeline. 

How ELT keeps us ahead of the curve

Moonwell is one of the fastest growing lending projects on Base and Optimism. The project has raised ~$20m in venture capital from crypto-native funds, and its core contributors worked at Coinbase for several years before starting the project. Now, with over $140 million in user deposits, Moonwell recognized the need for reliable, continuous, and data-driven stakeholder reporting.

Moonwell enters into a Data Partnership with Token Terminal

We’re excited to introduce Discover – Token Terminal’s brand-new discover product that puts the most insightful crypto data right at your fingertips.
The Discover page includes real-time onchain analytics dashboards created by leading analysts in the crypto market.

Token Terminal Discover is live

In this episode of the Fundamentals podcast, we're joined by Carlos Domingo, Co-Founder and CEO of Securitize – a financial services platform that specializes in the tokenization of real-world assets.

Navigating Asset Tokenization with Securitize | Interview with Carlos Domingo

In this episode, we’re joined by Jamie Coutts, Chief Crypto Analyst at Real Vision, a financial knowledge and education platform founded in 2014. Real Vision provides honest financial insights from industry experts, along with market tools, an AI concierge, charting, note-taking, and access to a community of like-minded investors.

Bitcoin, Macro, and the Fundamentals of Digital Asset Investing With Jamie Coutts From Real Vision

Polygon

We were recently joined by Sandeep Nailwal and Marc Boiron from Polygon on our Fundamentals podcast to discuss the technological and economic aspects of the evolving blockchain landscape. During our discussion, we focused on AggLayer, Polygon’s solution for an infinitely scalable blockchain ecosystem that aims to provide economic sovereignty for individual chains while ensuring unified liquidity and interoperability.

AggLayer: Polygon's Vision for the Internet of Value | Interview with Sandeep Nailwal & Marc Boiron

In this episode, we’re joined by Cosmo Jiang, Portfolio Manager at Pantera Capital to discuss the details behind Pantera’s largest investment ever, into The Open Network – or TON – the Layer 1 network originally designed by Telegram.

TON: Pantera's Largest Investment Ever | Interview With Cosmo Jiang

While Maple is a relatively small player in the wider DeFi lending ecosystem, Token Terminal data reflects a growth story that reveals rising institutional demand for onchain credit.

Analyst Coverage – Maple Finance and the Evolving Onchain Lending Market

In this episode of the Fundamentals Podcast, we’re joined by Zach Pandl, the Head of Research at Grayscale. Zach talks about his career transition from Wall Street to the crypto industry, the compelling reasons behind his move, and his role at Grayscale.

Macro Trends, ETFs, Smart Contract Platforms, and Crypto Fundamentals: A Conversation with Grayscale

This week’s newsletter focuses on protocols (blockchains & decentralized applications) that generate the most fees. We’ll learn that analyzing only one chart from the Terminal can tell us a lot about the industry dynamics in the crypto market.

The Rainmakers of the Crypto Market

In this episode, we’re joined by Christopher Jensen, Director of Digital Asset Research at Franklin Templeton. We speak about Franklin Templeton's fundamentals-driven approach to digital asset investments research, and internal analysis to understand protocols, tokens, and value accrual.

Franklin Templeton's Approach to Digital Assets | Interview with Christopher Jensen

Token Terminal has completed its integration of Immutable zkEVM, Immutable X, and Immutable Orderbook (“Immutable”) to enable institutional-grade onchain analytics for the Immutable ecosystem. This integration improves the accessibility of Immutable’s onchain data to enable more informed decision-making for all stakeholders in the ecosystem.

Token Terminal brings Immutable’s onchain data in front of 300,000 institutional customers

Base

In this episode, we’re joined by Jesse Pollak, the Creator of Base. Our conversation dives into the details behind moving Coinbase onchain, building Base as a ‘company within a company’, and combining the strengths of Coinbase and Optimism to create a global onchain economy. 

The Power of Onchain: Updating the System with Jesse Pollak, Creator of Base

Bitcoin

Matthew Sigel, Head of Digital Assets Research at VanEck – a global investment management firm with over $100 billion in assets under management – joined us to discuss the current state of blockchain fundamentals.

Analyzing the Evolving Blockchain Landscape With VanEck

This week’s newsletter visualizes Uniswap’s growth and expansion from a single-chain to a multichain DEX. We go through Uniswap’s key financial and usage metrics, and break down the aggregate figures by chain. The chain-level datasets on Token Terminal offer valuable depth to the analysis of individual projects.

Uniswap’s Multichain Expansion Is Ethereum-Aligned

This week’s newsletter focuses on asset tokenization and the impact it could end up having on the crypto markets. We explore (i) how asset tokenization works, (ii) why incumbent companies might have an edge in leveraging blockchains, and (iii) what’s actually happening onchain today.

Asset Tokenization, the Return of the Incumbents?

Token Terminal has completed its integration of Celo to enable institutional-grade onchain analytics for the Celo network. This integration improves the accessibility of Celo’s onchain data to enable more informed decision-making for all stakeholders in the ecosystem.

Token Terminal brings Celo's onchain data in front of 300,000 institutional customers

The Open Network (TON) blockchain has gained considerable traction recently and has become one of the more interesting projects this year. From new user growth and network activity, to token distribution and trading volume, TON has achieved new all-time highs in many different areas, and continues to gain momentum. 

Analyst Coverage – The Rise of The Open Network (TON)

Ethereum

This week's newsletter dives into the economics of Ethereum. We provide a step-by-step explanation of how the Ethereum network is able to turn a profit. Further, we take a look at how Ethereum benchmarks against some of the leading financial services and technology companies in terms of dividend and buyback yields – two profit distribution-related metrics that are well-known in traditional finance, but rarely talked about in crypto.

Ethereum – The “Dividend” King of Crypto

Ryan Rasmussen, Senior Crypto Research Analyst at Bitwise – the world's largest crypto index fund manager – joined us to discuss the current state of institutional interest towards crypto as an asset class.

 Navigating the Crypto Frontier with Bitwise

Token Terminal has completed its integration of Ronin to enable institutional-grade onchain analytics for the Ronin network, a blockchain forged for gamers. This integration improves the accessibility of Ronin’s onchain data to enable more informed decision-making for all stakeholders in the ecosystem.

Token Terminal brings Ronin’s onchain data in front of 300,000 institutional customers

Tron

A data-driven look into Tron’s onchain financials & alternative KPIs.

The Fundamentals of Tron

A write-up of our recent webinar with Bloomberg, covering the onchain data landscape and its application in investment analysis. 

Bloomberg x Token Terminal: Onchain Data and Its Role in Investment Analysis

Token Terminal has completed its integration of TON to enable institutional-grade onchain analytics for the TON network, a blockchain that leverages a technology designed by Telegram. This integration improves the accessibility of TON’s onchain data to enable more informed decision-making for all stakeholders in the ecosystem.

Token Terminal brings TON’s onchain data in front of 300,000 institutional customers

Tune in as Token Terminal and Bloomberg explore the relatively uncharted territory of onchain data. The team will talk about the sources and interpretation of this emerging form of financial data, it's unique characteristics, and how it fits into investor analysis.

Token Terminal has completed its integration of Aptos to enable institutional-grade onchain analytics for the Aptos network. This integration improves the accessibility of Aptos’ onchain data to enable more informed decision-making for all stakeholders in the ecosystem.

Token Terminal brings Aptos’ onchain data in front of 300,000 institutional customers

A weekly data digest for the leading crypto investors and operators.

Weekly Fundamentals – Ten Things Investors Need To Know About BTC & ETH

We invite you to attend our upcoming webinar with Bloomberg, where we will dive into the unique characteristics of onchain data, and its role in investment analysis.

Webinar: Onchain data and its role in investment analysis

TRON DAO has entered a partnership with Token Terminal, integrating the TRON network’s data into Token Terminal’s sophisticated suite of data analytics tools. This collaboration promises to transform the way investors and analysts access and leverage TRON’s data.

TRON Network’s data is now integrated into Token Terminal

Blast

Weekly fundamentals – Is 💥 the Robinhood of Crypto?

Weekly fundamentals – Rebuilding coinBASE onchain

Weekly fundamentals – A New Era for Uniswap?

Weekly fundamentals – From building blockchains™ to building businesses

Weekly fundamentals — The onchain lending landscape is morphing

Tezos

In this episode, we’re joined by Arthur Breitman, the Co-Founder of Tezos, a layer 1 blockchain. We focus on what sets Tezos apart from other blockchains on the market, and how they stack up in terms of performance, network activity, economics, and more. We speak about the network's current use cases, and vision for the future.

Tezos – Tech, traction, challenges, vision, XTZ, and more with Co-Founder Arthur Breitman | Fundamentals ep.85

The latest from Token Terminal: new listings, metrics, and datasets. Stay informed with data-driven insights from Token Terminal PRO, and discover the latest updates to our API and Data Room offerings.

Weekly fundamentals – Blockchains (L2)

The latest from Token Terminal: new listings, metrics, and datasets. Stay informed with data-driven insights from Token Terminal Pro, and discover the latest updates to our API and Data Room offerings.

Weekly fundamentals – NFT marketplaces & the Top tokenholders dataset

Jarmo Test 2

Manta

In this week's research piece, we focus on the current state of Manta Pacific's product, financials, usage, competition, and more! Manta Pacific is a L2 smart contract platform for decentralized applications on Ethereum.

The fundamentals of Manta Pacific

Weekly fundamentals – Exploring the liquid (re)staking market sector

Weekly fundamentals – Incentives fueling growth across the board

Weekly fundamentals – HMX, zkSwap, and DLN are now listed on Token Terminal!

zkSync Era

In this week's research piece, we focus on the current state of zkSync's product, financials, usage, competition, and more! zkSync is an upstart zero-knowledge Ethereum rollup/L2 blockchain.

The fundamentals of zkSync

In this episode, we’re joined by Kenny Li, the Co-Founder of Manta Network, the modular ecosystem for ZK applications. Manta offers two networks, Manta Pacific, the first EVM-equivalent ZK-application platform that is scalable and secure through Celestia DA and Polygon zkEVM - and Manta Atlantic which is a ZK L1 chain on Polkadot.

Manta Network – Modular innovation, Celestia DA, ZK apps, New Paradigm, and more | Fundamentals ep.84

In this episode, we’re joined by Martin Leinweber, Digital Asset Strategist at MarketVector, for an insightful discussion on digital asset indexing. MarketVector and Token Terminal have been working together to provide institutions, advisors, and investors with access to investable products that track the breadth of data available in web3 and on blockchains.

MarketVector™ – Digital asset indexing & the Fundamental Index Suite | Fundamentals ep.83

Weekly fundamentals – Manta Pacific is now live on Token Terminal!

Uniswap

In this episode, we're joined by Devin Walsh, Co-Founder of the Uniswap Foundation. We dive into the Uniswap ecosystem, discussing the Foundation’s mission, its short- and long-term goals, and how the Uniswap Foundation is allocating capital via grants.

Uniswap Foundation – Innovation, developers, Uniswap v4, decentralization, LPs, & more | Fundamentals ep.82

In this episode, were joined by Adeniyi, the Co-Founder and CPO of Mysten Labs – the team behind the Sui blockchain. We dive into the intricacies of the Sui blockchain and how it is designed to achieve unprecedented levels of scalability and user experience.

How Sui achieves +270k TPS: tech, traction, KPIs, building for mass adoption & more | Fundamentals ep.81

Weekly fundamentals – zkSync Era is now live on Token Terminal!

There are many parallels between crypto, past innovations, and investor psychology. With this comes the move away from speculation and narrative-based investing toward value and fundamentals-based investing as the industry matures.

Crypto's evolution: beyond speculation and towards fundamentals

The Community -section of our blog is designed to empower researchers and investors to share insights with our broader community. As you prepare to submit your research, please adhere to the following guidelines to ensure your content aligns with the expectations of our audience and the standards of our platform. 