Token Terminal 馃搳

Token Terminal 馃搳

@tokenterminal

159.9K followers25 articles
View on X

Articles (25)

2 min readJun 22, 2026

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

206
2 min readJun 18, 2026

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

Technology
31
2 min readJun 17, 2026

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

TechnologyBusiness
2610
2 min readJun 12, 2026

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

BusinessOpinion
30
2 min readJun 12, 2026

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

Technology
84
2 min readJun 4, 2026

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

Technology
72
2 min readJun 2, 2026

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

51
2 min readMay 29, 2026

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

Technology
1610
2 min readMay 22, 2026

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

Technology
144
2 min readMay 21, 2026

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

20
2 min readMay 21, 2026

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

Technology
62
2 min readMay 18, 2026

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.

Technology
248
2 min readMay 7, 2026

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

Technology
102
2 min readMay 5, 2026

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

Technology
101
2 min readApr 28, 2026

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

105
2 min readApr 24, 2026

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

TechnologyBusiness
63
2 min readApr 23, 2026

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

Business
211
2 min readApr 23, 2026

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,

TechnologyScience
3010
2 min readApr 21, 2026

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,

Technology
241
2 min readApr 20, 2026

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

Business
131
2 min readMar 19, 2026

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

Technology
111
2 min readMar 18, 2026

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

Technology
6214
2 min readMar 13, 2026

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

31
2 min readMar 13, 2026

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

6012
2 min readMar 7, 2026

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,

Business
163