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Token Terminal

Fundamentals for crypto.

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How much does it really cost to run a DAO?

A breakdown of the operational costs of MakerDAO, Lido, and SushiSwap

How decentralized are the cap tables in crypto?

An overview of what the tokenholder base looks like for the largest protocols.

Who earns fees in crypto?

An overview of the blockchains and dapps that generate the most fees, and an illustration how those fees are distributed between the protocol and its supply-side participants.

How many active users are there in crypto, really?

A comprehensive overview of usage statistics for the most widely used protocols

Is crypto dead?

It's not. Let's explore the state of crypto through the lens of fundamentals.

Weekly fundamentals | Charts and trends to watch in crypto

December 1st

Weekly fundamentals - Charts and trends to watch in crypto

November 23rd

Weekly fundamentals | Charts and trends to watch in crypto

November 15th

Launching the Token Terminal APIv2

A new era in on-chain accounting has arrived

DeFi Exploits: Trends, Patterns, and Lessons Learnt

Research series