Chain Tools
Discover quality Web3 tools and DApps
About Tokenterminal
Token Terminal brings traditional financial analysis to crypto, providing revenue, earnings, and valuation metrics for blockchain protocols. Founded in 2020, the platform has become essential for investors who want to analyze crypto like traditional equities.
The platform tracks real revenue generated by protocols—actual fees paid by users—and calculates metrics like P/S (Price-to-Sales), P/E (Price-to-Earnings), and fully diluted valuations. This enables fundamental analysis beyond simple market cap comparisons.
Token Terminal covers 400+ protocols across DeFi, L1/L2 chains, NFT marketplaces, and other crypto verticals. The clean interface and standardized metrics make it easy to compare protocols across categories and identify undervalued or overvalued assets.
Key Features
Protocol Revenue
Track actual fees and revenue generated by protocols
Financial Ratios
P/S, P/E, and other traditional valuation metrics
Comparative Analysis
Compare protocols across standardized metrics
Historical Data
Years of financial history for trend analysis
Custom Dashboards
Build personalized views and watchlists
Data Export
Download data for external analysis
Use Cases
Fundamental Analysis
Value protocols based on revenue and earnings
Protocol Comparison
Compare similar protocols using financial metrics
Trend Analysis
Track revenue growth and market share over time
Investment Research
Identify undervalued protocols with strong fundamentals
Market Intelligence
Monitor sector performance and emerging trends
Project Info
Frequently Asked Questions
Token Terminal offers a free tier with limited metrics and historical data. Pro plans ($325/month) unlock full data access, API, and advanced features. The free tier is useful for basic research but serious analysis requires Pro.
Token Terminal tracks actual on-chain fees paid by users to protocols. This includes trading fees, borrowing interest, transaction fees, etc. Revenue is protocol-specific and calculated from blockchain data, not reported figures.
Revenue is total fees generated. Earnings subtract token emissions and operational costs. Many protocols have positive revenue but negative earnings due to high token incentives. Token Terminal shows both for accurate analysis.
Token Terminal focuses on financial metrics (revenue, P/E, earnings). DefiLlama focuses on TVL and protocol tracking. They're complementary—use DefiLlama for TVL and protocol discovery, Token Terminal for financial analysis.
Token Terminal pulls directly from blockchain data and maintains high accuracy standards. Their methodology is documented and they regularly update calculations. It's considered industry-standard for protocol financial data.