1/ Introducing percentage or market share views! 🚨

With a few simple clicks, users of Token Terminal can now switch between

- 7d, 30d, 90d, 365d, max
- cumulative / daily / monthly
- absolute / percentage views

Let’s work through a few examples! 👇🧵
2/ Looking at the Protocol Revenue dashboard:

- The rise of @AxieInfinity is clearly visible
- Also the rapid emergence of @PancakeSwap
- @synthetix_io relative share has gone down (launch on Optimism might reverse this?)
3/ Looking at the Total Revenue (supply-side + protocol) dashboard:

- @ethereum's share of total fees has gone down
- Even here, @AxieInfinity's recent growth is clearly visible
- We can also see that even @binance smart chain has to charge its users meaningful tx fees 😄
4/ Looking at the Lending dashboard:

Top lending protocols based on daily GMV (borrowing volume) in the past 365 days.

- We can see how @AaveAave has gained market share relative to @compoundfinance & @MakerDAO
- The launch of @LiquityProtocol is also clearly visible
5/ Looking at the Exchange dashboard:

Top exchanges based on daily total revenue in the past 180 days.

- We can see how Uniswap still is the largest DEX in terms of total revenue (fees) paid
- It's also clear that AMMs have taken the lead in the DEX market (at least for now)
6/ Looking at the @Uniswap dashboard:

Daily trading vol. composition in the past 365 days:

- We can see that the growth of USDC/ETH pair has taken away share from the long-tail of assets (other category)
7/ Looking at the @compoundfinance dashboard:

Daily supply-side revenue and protocol revenue in the past 180 days.

- We can see the avg. revenue share % between $COMP holders & lenders and how it fluctuates over time (borrowing volumes & reserve factors change over time)
8/ Looking at the @perpprotocol dashboard:

Daily trading vol. composition in the past 180 days.

- We can see the long-tail of assets (other category) having a sizeable share of total trading volume
- $ALPHA has also gained share of total trading volume recently
9/ Looking at the @SushiSwap dashboard:

Daily supply-side revenue and protocol revenue in the past 180 days.

- We can clearly see that the protocol activated the fixed revenue share that was implemented in the Uniswap v2 contracts
fin/ What interesting insights can you find from the 📊?

Go ahead and check out the new charts on tokenterminal.com & share them with us on Twitter!

P.S. We're also launching a Token Terminal @discord next week to boost community engagement, stay tuned for that! 😎

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Token Terminal

Token Terminal Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @tokenterminal

22 Jul
While the P/E ratio is a great starting point for cryptoasset valuation, it should not be used in isolation.

- What's driving 'E'? Token incentives / organic adoption?
- What does the rev. composition look like? One or multiple sources?
- Is the revenue share % sustainable?
- What's driving 'E'? Token incentives / organic adoption?

Example: @compoundfinance

Currently, there's more $ paid out in token incentives vs. what's coming in as protocol revenue.

Nothing unusual for an early-stage startup, but worth being aware of. Image
- What does the rev. composition look like? One or multiple sources?

Example: @Uniswap

The long-tail of assets (other category) is driving the majority of Uniswap's (LP) revenue.

Diversity > concentration Image
Read 4 tweets
7 Jul
1/ Introducing the price to earnings (P/E) ratio!

A natural next step after the price to sales (P/S) ratio.

A thread 👇

tokenterminal.substack.com/p/introducing-…
2/ The 'E' in the P/E ratio will initially be based on protocol revenue, i.e. money generated from the protocol’s business & subsequently allocated to its treasury or distributed to its token holders.

*In the beginning, the P/E ratio won't take into account a protocol's costs.
3/ How should I use the P/S and P/E ratios when analyzing a protocol?

We’ll go through 3 different scenarios, which highlight the possible revenue distributions of a protocol, and how the distribution affects the two ratios.
Read 7 tweets
5 Jul
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.
Read 13 tweets
16 Jun
A few examples of crypto businesses (marketplaces) listed on Token Terminal:

@AaveAave:
- Supply-side: lenders
- Protocol: $AAVE holders
- Demand-side: borrowers

Revenue = interest paid by borrowers
@compoundfinance:
- Supply-side: lenders
- Protocol: $COMP holders
- Demand-side: borrowers

Revenue = interest paid by borrowers
Read 5 tweets
13 Dec 20
1/ Why the price to sales ratio (P/S) is a useful tool for crypto investors 👇

The price to sales ratio compares a protocol’s market cap to its revenues. A low ratio could imply that the protocol is undervalued and vice versa.
2/ The P/S ratio is an ideal valuation method for early-stage protocols, which often have little or no net income.

Instead, the P/S ratio focuses on the usage of a protocol, by tracking the total fees paid (revenue) by the users of its service. More info: tokenterminal.com/faq
3/ We’re in a historically unique position, with early-stage & high-growth startups operating transparently on-chain.

This transparency makes it possible to find protocols with high usage relative to market cap.
Read 21 tweets
27 Nov 20
1/ After a few months of building, it's time for us to reveal the first version of the Terminal:

terminal.tokenterminal.com

A thread 👇
2/ Our long-term goal is to work together with our users  – the project teams and communities, investors, analysts, and other stakeholders  – to build out the most robust and useful investment analysis toolkit for the crypto markets.
3/ "Launched in 1982, long before PCs and the Internet became ubiquitous, the Bloomberg Terminal brought transparency to financial markets. It connected market participants to groundbreaking data, analytics, and information-delivery service   and revolutionized an industry."
Read 23 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(