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Token Terminal

Fundamentals for crypto: https://tokenterminal.com/terminal
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overview of the lending market sector size on the treemap is based on active loans @aave is currently the category leader with a ~$14B margin to #2
overview of the lending market sector

size on the treemap is based on active loans

@aave is currently the category leader

with a ~$14B margin to #2
overview of the lending market sector size on the treemap is based on active loans @aave is currently the category-leader
overview of the lending market sector

size on the treemap is based on active loans

@aave is currently the category-leader
crypto market by daily active addresses (not) surprisingly, many of the top protocols here are also among the most valuable
crypto market by daily active addresses

(not) surprisingly, many of the top protocols here are also among the most valuable
The 'stablecoin issuers' market sector today: Tether, Circle, Sky, Ethena, and the rest.
The 'stablecoin issuers' market sector today:

Tether, Circle, Sky, Ethena, and the rest.
ICYMI: The @global_dollar Network's USDG stablecoin is growing on @solana, w/ supply up ~$90m since March.
ICYMI: The @global_dollar Network's USDG stablecoin is growing on @solana, w/ supply up ~$90m since March.
🌐🔁 Top DEXs powering Internet Capital Markets, based on 30d trading volume: 1. @Uniswap 2. @PancakeSwap 3. @RaydiumProtocol 4. @orca_so 5. @MeteoraAG 6. @AerodromeFi 7. @0xfluid & many more!
🌐🔁 Top DEXs powering Internet Capital Markets, based on 30d trading volume:

1. @Uniswap
2. @PancakeSwap
3. @RaydiumProtocol
4. @orca_so
5. @MeteoraAG
6. @AerodromeFi
7. @0xfluid

& many more!
Protocols & companies that control the majority of capital in crypto: 1. @Tether_to 2. @circle 3. @aave 4. @LidoFinance 5. @SkyEcosystem
Protocols & companies that control the majority of capital in crypto:

1. @Tether_to
2. @circle
3. @aave
4. @LidoFinance
5. @SkyEcosystem
there's always a handful winners within each market sector
there's always a handful winners within each market sector
Monthly notional trading volume on @dYdX Grouped by product (V3, V4)
Monthly notional trading volume on @dYdX

Grouped by product (V3, V4)
based on intern's technical analysis...RWAs are extremely bullish for ETH's FDV 🫡
based on intern's technical analysis...RWAs are extremely bullish for ETH's FDV 🫡
🌳📈 ICYMI: The @WisdomTreeFunds Government Money Market Digital Fund (WTGXX) on @ethereum has an AUM of $162.44 million. For perspective: WisdomTree has an AUM of $121 billion, as of May 2025.
🌳📈 ICYMI: The @WisdomTreeFunds Government Money Market Digital Fund (WTGXX) on @ethereum has an AUM of $162.44 million.

For perspective: WisdomTree has an AUM of $121 billion, as of May 2025.
Will @BlackRock's BUIDL token eventually be used as a (yield-bearing) stablecoin?
Will @BlackRock's BUIDL token eventually be used as a (yield-bearing) stablecoin?
ICYMI: Stablecoin supply on @Aptos is up from ~$430m to ~$1.13b since the start of the year.
ICYMI: Stablecoin supply on @Aptos is up from ~$430m to ~$1.13b since the start of the year.
🆕📊@SonicLabs enters into a Data Partnership with Token Terminal. ▪️ Sonic is a high-performance EVM blockchain that combines speed, incentives, and world-class infrastructure. ▪️ The project has recently raised $10 million from Galaxy Digital, and its ecosystem is seeing strong growth. ▪️ Now, with $1.4 billion in ecosystem TVL & over 150 applications, Sonic recognized the need for reliable, continuous, and data-driven stakeholder reporting.
🆕📊@SonicLabs enters into a Data Partnership with Token Terminal.

▪️ Sonic is a high-performance EVM blockchain that combines speed, incentives, and world-class infrastructure.

▪️ The project has recently raised $10 million from Galaxy Digital, and its ecosystem is seeing strong growth.

▪️ Now, with $1.4 billion in ecosystem TVL & over 150 applications, Sonic recognized the need for reliable, continuous, and data-driven stakeholder reporting.
ICYMI: 92.85% of the @BlackRock BUIDL fund is tokenized on the @ethereum L1.
ICYMI: 92.85% of the @BlackRock BUIDL fund is tokenized on the @ethereum L1.
Circle gets a lot of heat on CT for their revenue share deal with Coinbase. Yet, few people mention the fact that most end user fees on Solana are routed via rails owned by Jito. Even if SOL holders can still access a portion of these fees through staking, the yield comes w/ added risk* vs. when fees are captured at the protocol level. * Two extra middlemen: Jito & Validator Inc.
Circle gets a lot of heat on CT for their revenue share deal with Coinbase.

Yet, few people mention the fact that most end user fees on Solana are routed via rails owned by Jito.

Even if SOL holders can still access a portion of these fees through staking, the yield comes w/ added risk* vs. when fees are captured at the protocol level.

* Two extra middlemen: Jito & Validator Inc.
ICYMI: @ShadowOnSonic is currently the top application on Sonic, as measured by MAUs.
ICYMI: @ShadowOnSonic is currently the top application on Sonic, as measured by MAUs.
The top 2 apps on @SonicLabs, @aave & @SiloFinance, have a combined TVL of ~$1 billion.
The top 2 apps on @SonicLabs, @aave & @SiloFinance, have a combined TVL of ~$1 billion.
Ecosystem TVL on @SonicLabs is at all-time highs of ~$1.3B, up ~44% in the past 2 months. Ecosystem TVL is defined as the sum of funds deposited into the applications on the chain.
Ecosystem TVL on @SonicLabs is at all-time highs of ~$1.3B, up ~44% in the past 2 months.

Ecosystem TVL is defined as the sum of funds deposited into the applications on the chain.
ICYMI: @aave's TVL on @SonicLabs surpassed $500m.
ICYMI: @aave's TVL on @SonicLabs surpassed $500m.
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