1⃣ A treemap uses nested rectangles to show parts of a whole, with each rectangle’s size being proportional to its value:
▪️ Large values = big boxes
▪️ Small values = small boxes
▪️ Color gradients are used to show another variable (e.g. market sector or % change)
2⃣ Treemaps help visualize hierarchies or categories when there are many items and limited space:
▪️ Enables compact views for large datasets
▪️ Useful for showing composition data
▪️ Great for spotting outliers or dominant categories
3⃣ Treemaps make it easy to see what's driving a system at a glance:
▪️ Highlights concentration or diversification
▪️ Helps investors or operators prioritize attention to high-weight or high-volatility areas
▪️ Powerful when paired with color gradients to add directional insight
Example:
1. Metric: active loans 2. Market sector: Lending 3. Chain: @base 4. Color gradient: % change 5. Time period: last 30 days
Insight:
@MorphoLabs is currently the biggest & fastest-growing lending protocol on @base, with $530.5m in active loans, up +23.7% in the last 30 days.
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📊✅ 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.
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.
“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.”
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 🧵⬇️
People value cryptoassets
▪️ Five cryptoassets have reached a market cap of over $100 billion
▪️ The combined market cap of these 5 assets is ~$3 trillion
People hold cryptoassets
▪️ Close to 1 billion unique addresses hold a cryptoasset balance
▪️ The tokenholder count has gone up 10x over the past four years
▪️ 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:
▪️ 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.
Great interview on the topic w/ @robbiemitchnick
More @BlackRock BUIDL data coming to the Terminal 🔜