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Token Terminal Profile picture
@tokenterminal
Dec 5 • 1 tweets • 1 min read • Read on X
ICYMI: L1 deposits to @base (L2) surpassed $5 billion.

Bridge deposits to Base are up ~10x since the start of the year.

Is Base strengthening its position as the 'Asset Hub' of the @Optimism Superchain?Image

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More from @tokenterminal

Token Terminal Profile picture
Dec 10
📊✅ BMX enters into a Data Partnership with Token Terminal

▪️ @MorphexBMX is one of the fastest growing derivative exchange projects on @base, with a deployment also on @modenetwork.

▪️ The project has been entirely self-funded, with its core contributors bringing several years of experience from building onchain protocols.

▪️ Now, with ~$1 billion in all-time notional trading volume, BMX recognized the need for reliable, continuous, and data-driven stakeholder reporting.Image
Reliable onchain data & transparent stakeholder reporting matter

▪️ To improve its existing onchain analytics and stakeholder reporting, BMX turned to Token Terminal, a leading onchain data platform trusted by institutional partners like Bloomberg.

▪️ Token Terminal's dedicated focus on data standardization made it an ideal partner for BMX.

▪️ The decision to partner was further eased by the fact that Token Terminal already had a public track record of reporting standardized financial and usage metrics for other leading derivative exchange projects, such as GMX, dYdX, and more.Image
“By partnering with Token Terminal, we’re able to benchmark our performance against the competition in a fair and accurate way. Having a real-time dashboard on Token Terminal is not only a great tool for our team, but for all BMX stakeholders.”

@0xdaedboi, Founding Contributor to BMXImage
Read 9 tweets
Token Terminal Profile picture
Dec 8
crypto has reached escape velocity 🧑‍🚀🌕

people...
▪️ value cryptoassets
▪️ hold cryptoassets
▪️ trade cryptoassets
▪️ borrow cryptoassets
▪️ use crypto applications
▪️ transact with stablecoins
▪️ earn by building in crypto
▪️ can use crypto networks for ~free

a thread 🧵⬇️Image
People value cryptoassets

▪️ Five cryptoassets have reached a market cap of over $100 billion

▪️ The combined market cap of these 5 assets is ~$3 trillionImage
People hold cryptoassets

▪️ Close to 1 billion unique addresses hold a cryptoasset balance

▪️ The tokenholder count has gone up 10x over the past four yearsImage
Read 10 tweets
Token Terminal Profile picture
Dec 7
ICYMI: Users on @base have deposited $4 billion into applications on Base.

That figure was ~$300 million at the beginning of the year.Image
chart created w/

a view from the engine room: Image
Read 4 tweets
Token Terminal Profile picture
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
Token Terminal Profile picture
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
Token Terminal Profile picture
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 (🆕)

⤵️⤵️⤵️
1⃣ Metrics

tokenterminal.com/terminal/metri…
2⃣ Market sectors (🆕)

tokenterminal.com/terminal/marke…
Read 7 tweets

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