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Jul 5, 2021 13 tweets 9 min read Read on X
1/ New to Token Terminal?

Here’s a thread with tips & tricks that will help you get started using the platform! 👇
2/ Website layout 🎨

• Landing page: protocol revenue chart + customisable data table
• Metrics dashboards: total revenue, protocol revenue, P/S ratio, TVL
• Markets dashboards: exchange, lending, blockchain, DeFi
• Project dashboards: choose your favourite!
3/ Landing page 🛬

• Protocol revenue chart shows you which protocols are generating money for their token holders.
• With the toggle, you'll get similar charts for Total Revenue & Price to sales ratio.
• The customisable data table lets you choose metrics & sort the results.
4/ Metrics dashboards 📈

• 1st, pick a metric you’re interested in: total revenue, protocol revenue, P/S ratio, TVL.
• 2nd, analyse how different projects have performed against that metric over time.
• 3rd, for specific projects: use the competitive landscape feature.
5/ Markets dashboards 📊

• 1st, pick a market you’re interested in: exchange, lending, blockchain, DeFi
• 2nd, analyse how project’s within that market/sector have performed against each other over time.
• 3rd, for specific projects: use the competitive landscape feature.
6/ For the rest of the thread, we'll go through the layout of the project-specific dashboards:

• Key metrics
• Revenue share
• Composition
• Competitive landscape
7/ Key metrics 🔑

Here you can pick different project-specific metrics and evaluate their correlation over different periods of time.

The market cap button has a dropdown for both circ. & fully-diluted & revenue for total, supply-side & protocol revenue (where applicable).
8/ Revenue share 💰/💰

Currently, we divide the revenue (total fees paid by demand-side users) into three different categories:

1. Total revenue (2+3)
2. Supply-side revenue (goes to LPs, lenders, etc.)
3. Protocol revenue (goes to token holders)
9/ Composition 🎨

Here you can go deeper on the different project-specific metrics to better evaluate their quality.

For example, does the majority of a lending protocol’s revenue come from only a few markets or is the revenue-generation spread across multiple markets?
10/ Competitive landscape 🤺

Here you can select multiple projects and a metric and compare their performance over different time periods.

For example, you might want to compare different lending protocols based on their historical price to sales (P/S) ratio.
11/ Access the underlying datasets 🤓

Finally, the paid version of Token Terminal gives researchers & analysts access to the underlying datasets in both excel & CSV formats.

Early subscribers are also granted API access to the data: tokenterminal.com/signup
12/ You can check out a sample (Excel file) of our daily master sheet here:

d2kyooqkgm9ipp.cloudfront.net/Token%20Termin…
fin/ Subscribe to our newsletter for more data-driven insights on the crypto markets!

tokenterminal.substack.com

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More from @tokenterminal

Apr 14
BlackRock is the world's largest asset manager, with $10 trillion in assets under management.

We researched the firm's crypto strategy, so you don’t have to.

Here's what we found:

1. DIGITAL ASSETS (ASSET CLASS)

The firm divides the crypto asset class into three different buckets:

1⃣ Cryptoassets (e.g. BTC)
2⃣ Stablecoins (e.g. USDC)
3⃣ Tokenized assets (e.g. BUIDL)

Strategy:

▪️ Owner of @iShares, Bitcoin Trust ($18B AUM)
▪️ Owner in @circle, the issuer of USDC ($32B supply)
▪️ Owner in @Securitize, the transfer agent for the BUIDL onchain money market fund ($300M AUM)

2. BITCOIN (ASSET)

The firm sees three unique advantages to BTC the asset:

1⃣ Internet-native (globally accessible)
2⃣ Cross-border (transactional efficiency)
3⃣ Capped supply (inflation hedge)

Strategy:

▪️ BlackRock serves customers across the globe and now, with BTC and IBIT, has a unique product to sell to its clients.
▪️ It’s likely that BlackRock will productize all major cryptoassets (ETH, SOL, etc.) in a similar manner.

3. BLOCKCHAIN (TECHNOLOGY)

The firm believes that blockchain technology can improve capital markets in several ways:

1⃣ 24/7 operational capital markets
2⃣ Improved transparency and investor access
3⃣ Lower fees and faster settlement

Strategy:

▪️ We believe that @BlackRock will eventually launch its own blockchain, and follow a similar playbook that Coinbase has used with @base.
▪️ This would allow BlackRock to concentrate the recordkeeping of its holdings across asset classes ($10T AUM) to a single, global, interoperable, and transparent ledger.Image
Great interview on the topic w/ @robbiemitchnick

More @BlackRock BUIDL data coming to the Terminal 🔜

tokenterminal.com/terminal/proje…
Image
Read 4 tweets
Mar 15, 2023
🗞️ The latest edition of the 'Weekly fundamentals' is out!

This week’s newsletter focuses on daily active users, a metric that has a designated dashboard on Token Terminal.

Let’s dig in! 👇

tokenterminal.com/weekly-fundame…
Check out the daily active users dashboard here 📊⤵️

tokenterminal.com/terminal/metri…
- 15 of the top 20 projects are either L1 or L2 blockchains. Osmosis being the only L1 ‘appchain’ that made the cut

- User activity for the top projects has been relatively consistent throughout the year

- BNB Chain has started to close the gap to Tron over the past few months
Read 11 tweets
Mar 10, 2023
There are currently six different ways to interact with on-chain data on Token Terminal:

1⃣ Metrics
2⃣ Market sectors (🆕)
3⃣ Projects
4⃣ Trending contracts
5⃣ Financial statements (🆕)
6⃣ API (🆕)

⤵️⤵️⤵️
2⃣ Market sectors (🆕)

tokenterminal.com/terminal/marke…
Read 7 tweets
Mar 8, 2023
1/ Introducing 'market sector' dashboards 🚨📊

Gm to all the crypto fundamentals enjoyoors!

In our latest product update, we’ve sought to bring even more structure to the Token Terminal web application.

🧵⤵️ Image
2/ There are currently six different ways to interact with on-chain data on Token Terminal:

1⃣ Metrics
2⃣ Market sectors
3⃣ Projects
4⃣ Trending contracts
5⃣ Financial statements
6⃣ API Image
3/ This thread provides an overview of the different market sectors currently available on Token Terminal, let’s dive in!
Read 18 tweets
Feb 11, 2023
What is an Ethereum 'L2'?

One simple inclusion criteria:

Are the economics shared with the L1?

Chain & what token transaction fees are paid in:
1⃣ Optimism --> ETH ✅
2⃣ Arbitrum --> ETH ✅
3⃣ Starknet --> ETH ✅
4⃣ Polygon --> MATIC ❌ ImageImageImageImage
Read 5 tweets
Feb 9, 2023
🎙️ A new 15-minute fundamentals is out!

In this series, we interview core protocol contributors & together dive into the details behind the charts available on Token Terminal.

For our latest episode, we had the pleasure of hosting Seb from @GainsNetwork_io.

Tune in below! ⤵️ Image
🎙️ Link to the episode:

🎙️ Link to the podcast:

podcasts.apple.com/fi/podcast/gai…
Read 4 tweets

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