Articles (41)
Introducing Token Terminal Fact Sheets
Standardized disclosures for more than 10,000 tokenized assets. Today, we鈥檙e launching a major expansion of Token Terminal Fact Sheets: standardized disclosures for tokenized assets that complement
The tokenization train isn't waiting for the U.S.
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 The tokenized stock market has surpassed
Tokenized funds reach $35.1B in market cap, but only 8.9% is deposited into DeFi
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 Tokenized funds are a $35.1B market, led
Aave September 2026 Report
1) Executive summary What Aave is. Aave $AAVE is an onchain lending network where users deposit assets to earn yield and borrow against their collateral, and the largest lending project onchain by
Introducing the Token Terminal data catalog
Today, we鈥檙e exposing the data layer that powers every Token Terminal product. For most of our history, users have accessed Token Terminal data through a specific interface: our web application, API,
Aave July 2026 Report
1) Executive summary Aave $AAVE is an onchain lending network where users deposit assets to earn yield and borrow against their collateral. It is the largest lending project onchain by active loans,
Inside the 24/7 market for SpaceX
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 SPCX Perpetual provides leveraged
Token Terminal x Claude
We鈥檙e excited to announce that Token Terminal鈥檚 MCP is now available as an official connector on Claude. Hundreds of users already access Token Terminal through custom MCP setups. The new official
The state of Hybrid Finance - Q2 2025 to Q2 2026
The state of Hybrid Finance 2026 One year of data, from Q2 2025 to Q2 2026: tokenised assets are now being used A word from CoinShares Co-founder, President and CEO Earlier this year, CoinShares
tradeXYZ's first $100 billion month
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 tradeXYZ traded roughly $100 billion in
The race for the tokenized euro
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 Euro stablecoin supply surpassed $806.6
Tokenized assets are taking off on BNB Chain
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 Tokenized assets on BNB Chain surpassed
Aave June 2026 Report
1) Executive summary Aave $AAVE is an onchain lending network where users deposit assets to earn yield and borrow against their collateral. It is the largest lending project onchain by active loans,
Grove Q1 2026 Report
1) Executive summary Grove is building the infrastructure that connects the stablecoin economy with traditional finance. By combining institutional capital allocation, financing solutions, and onchain
Robinhood Chain's first week in data
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 Tokenized assets require more than
Token Terminal x CoinMarketCap
We鈥檙e excited to announce that Token Terminal鈥檚 onchain data will be integrated into CoinMarketCap, including the recently launched CMC AI. The integration will give CoinMarketCap access to Token
CoW Protocol Q1 2026 Report
1) Executive summary CoW Protocol $COW is an intent-based trading layer where users sign orders describing the outcome they want and professional solvers compete in batch auctions to deliver the best
Introducing new stablecoin & RWA issuer pages
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 Stablecoins and tokenized RWAs have
Ethereum Q1 2026 Report
1) Executive summary Ethereum $ETH is a public, permissionless blockchain that provides global settlement and computation for an open economy of financial applications. It runs a single shared ledger
Aave May 2026 Report
1) Executive summary Aave $AAVE is the largest lending project in decentralized finance: a set of onchain money markets where users supply assets to earn yield and borrowers take overcollateralized
Avalanche Q1 2026 Report
1) Executive summary Avalanche $AVAX is a Layer 1 blockchain ecosystem built around fast settlement, EVM-compatible smart contracts, and customizable Avalanche L1s. The network's Primary Network
These charts explain the tokenized asset boom
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 Tokenized assets have evolved into a
Steakhouse Financial Q1 2026 Report
1) Executive summary Steakhouse Financial is an onchain risk curator for lending vaults. Founded in 2023 by Mark Phillips, S茅bastien Derivaux, and Adrian Cachinero Vasiljevic, Steakhouse operates as a
BlackRock鈥檚 new tokenized fund puts Ethereum鈥檚 institutional thesis to the test
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 BlackRock鈥檚 OnChain Shares filing adds
10 Charts That Explain the RWA Boom
Tokenized assets or RWAs are one of crypto鈥檚 fastest-growing sectors. Here are the charts showing which assets, issuers, and chains are driving the growth of each sector. Let's dive in. 1. Tokenized
Pendle Q1 2026 Report
1) Executive summary Pendle $PENDLE is a yield-trading project that enables users to tokenize and trade onchain yield via principal tokens (PTs) and yield tokens (YTs). This lets users access
How crypto businesses turn products into platforms
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 The best crypto businesses do not just
Ether.fi Q1 2026 Report
1) Executive summary Ether.fi $ETHFI is a liquid staking and DeFi project that enables users to stake assets, access automated yield strategies, and spend against their crypto holdings.
RWAs continue to gain growth from Treasuries, private credit, ETFs, and euro stablecoins
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 The following charts highlight four
The race to tokenize T-bills is on
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 Only ~10% of onchain dollars pay yield
Morpho Q1 2026 Report
1) Executive summary Morpho $MORPHO is an open credit network for onchain lending and borrowing. The project's architecture separates lending into two layers: Morpho Markets, where isolated lending
Tokenized commodities beyond gold
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition 馃憞 Tokenized commodities are a $5.3B market
CoinShares Hybrid Finance Q1 2026 Report
The first report to analyse Hybrid Finance Finance is being rewired. What is actually happening is more consequential and more durable: traditional capital markets infrastructure and on-chain rails
Launching Token Terminal Research
Over the past five years, Token Terminal has built the data infrastructure layer for crypto, transforming raw blockchain data into standardized financial and usage metrics across 100+ blockchains,
Tokenized asset sectors target $100T+ markets
Asset tokenization represents the primary use case for blockchains, moving the industry beyond crypto-native circular activity into real-world financial markets. Blockchains function as transparent,
Silo Finance Q1 2026 Report
1) Executive summary Silo Finance is a decentralized lending project built around a single architectural principle: risk isolation. Each lending market ("silo") pairs one collateral asset with one
Sky Q4 2025 Report
1) Executive summary Sky $SKY is a decentralized stablecoin issuer that offers two USD-pegged stablecoins, USDS and DAI, both backed by crypto collateral. Users can deposit USDS into the Sky Savings
Aerodrome Q4 2025 Report
1) Executive summary Aerodrome $AERO is a decentralized exchange (DEX) operating on the Base network, serving as its central trading and liquidity marketplace. Built on the ve(3,3) model, Aerodrome
GMX Q4 2025 Report
1) Executive summary GMX $GMX is a decentralized perpetual exchange that launched on Arbitrum. GMX later expanded to Avalanche, and launched V2, introducing isolated GM pools for more
LayerZero Q4 2025 Report
1) Executive summary LayerZero $ZRO enables secure, permissionless messaging between blockchains. It provides immutable endpoint contracts deployed across 160+ networks, allowing applications to send
Getting started with tokenized assets: a guide for institutional investors
Tokenized assets represents the fastest-growing corner of onchain finance. Investors, builders, or researchers that want to track the performance of these assets rigorously -- across issuers, chains,