Token Terminal
Encrypted financial data aggregation platform
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Project Overview
Token Terminal is a full stack onchain data platform that focuses on standardizing financial and alternative data for the most widely used blockchains and decentralized applications. Token Terminal extracts raw smart contract event data from multiple blockchains, aggregates, cleans, and transforms it into standardized and comparable business metrics.
Tokenized Stock DeFi Deposits Surpass $300 Million, Growing Approximately 25 Times in a Year
As reported by Cryptopolitan, Token Terminal data shows that the deposit volume of tokenized stocks in DeFi protocols has exceeded $300 million, up from $262 million last month and reflecting a 2,451.5% increase from approximately $11.8 million a year ago. The deposits are distributed across 20 issuers and 10 blockchains. The data indicates that the growth was primarily concentrated in the third quarter: starting at $80.1 million at the beginning of the quarter, it rose to $265 million on September 30, marking a quarterly increase of approximately 230%. This timeline aligns with Binance launching bStocks in June and Robinhood Chain going live in July. In terms of on-chain distribution, Solana leads with $102.6 million, accounting for a 34.2% share, with Robinhood Chain and Ethereum ranking second and third respectively. BNB Chain holds $42.8 million, Base holds $24.3 million, and the top five chains combined account for approximately 96%. Regarding issuers, xStocks accounts for over 39%, Robinhood holds $70.8 million, Binance bStocks holds $38.4 million, and Ondo Finance holds $3.4 million.
Uniswap's September revenue reached $14.7 million, with 53% coming from Robinhood Chain.
According to Token Terminal data, Uniswap’s deployment on Robinhood Chain has become its largest revenue source. Data shows that Uniswap generated approximately $14.7 million in revenue in September, with Robinhood Chain contributing around 53%, equivalent to roughly $7.79 million.
DeFi Overall Deposits Decline 15%, RWA Deposits Rise Against Trend to $7.4 Billion
According to BeInCrypto, a latest report jointly released by CoinShares and Token Terminal shows that over the past year (Q2 2025 to Q2 2026), the deposit volume of tokenized real-world assets (RWA) in the DeFi sector increased from $2.3 billion to $7.4 billion, a year-on-year increase of more than twofold, while total DeFi deposits declined by approximately 15% during the same period. The growth was primarily concentrated in yield-bearing products, including tokenized treasury bonds and multi-strategy funds (such as JTRSY, BUIDL, sUSDS), with Aave, Morpho, and Kamino providing the deepest liquidity. Meanwhile, on-chain RWA spot trading volume increased by approximately 220% year-on-year, while native crypto spot trading volume on decentralized exchanges fell by approximately 70%.
Bitwise: Crypto Stocks Rise 23% in First Half of 2026, Outperforming Most Major Asset Classes
Bitwise released a report stating that while crypto asset prices fell by approximately 36% in the first half of 2026, crypto-related stocks rose by 23%. This performance trailed only emerging market stocks, outpacing all other major asset classes. Bitwise Head of Research Ryan Rasmussen noted that the 30 crypto-related publicly listed companies in the Bitwise Crypto Innovators 30 Index outperformed the U.S. stock market by a factor of two, driven by factors including AI computing demand benefiting mining companies, stablecoin issuers, and asset tokenization platforms.Furthermore, according to Token Terminal data, the top ten crypto applications generated cumulative revenue of $5.9 billion over the past 12 months. PancakeSwap, Hyperliquid, and Aave ranked in the top three, with cumulative revenues of $923 million, $912 million, and $877 million, respectively.During the same period, the scale of tokenized real-world assets reached $33 billion in the second quarter, an increase of 45% from the beginning of the year; open interest in prediction markets hit an all-time high of $1.8 billion, with quarterly trading volume reaching $43 billion. (The Block)
Ethereum monthly transaction volume exceeds 70 million, hitting a new all-time high; median transaction fee drops to $0.00554, also a new record low
OKX Ventures cited Token Terminal data on X platform, stating that Ethereum's monthly transaction volume has surpassed 70 million, reaching a new all-time high. Meanwhile, the network's median transaction fee has dropped to approximately $0.00554, also setting a new record low. This indicates that Ethereum is gradually achieving a network state characterized by “high efficiency and low cost.”In light of this, OKX Ventures believes that Layer 2 solutions and modular architectures are continuously reducing on-chain interaction costs, and the historically high gas fee issue is seeing significant improvement. As transaction costs fall to sufficiently low levels, applications such as stablecoins, blockchain games, social platforms, AI agents, and RWA (Real World Assets) will find it easier to attract real users. Public chain competition is entering the “experience era,” where future competition will no longer be based solely on TPS, but rather on whether the network can provide better security, liquidity, and user experience. Ethereum retains a strong advantage in terms of developer and ecosystem strength. As costs decline, on-chain payments, asset issuance, and cross-border settlement activities are expected to continue growing, and blockchain infrastructure is gradually becoming part of the mainstream digital economy. OKX Ventures will continue to focus on infrastructure upgrades and long-term application value within the Ethereum ecosystem. What truly matters is not just market price fluctuations, but the sustained growth in real on-chain usage.
Ethereum Mainnet Monthly Transaction Count Hits New High, While Transaction Fees Hit New Low
According to Token Terminal data, Ethereum’s monthly transaction count has hit a new all-time high, exceeding 70 million transactions, while the median transaction fee stands at approximately $0.00554, marking a new all-time low.
Related news
Tron processed 1.08 billion transactions in the third quarter, up 31.19% year-over-year.
Data from Token Terminal shows that Tron processed 1.08 billion transactions in the third quarter, up 31.19% year-on-year, with a quarterly average of 135.76 transactions per second.
Tokenized Stock DeFi Deposits Surpass $300 Million, Growing Approximately 25 Times in a Year
As reported by Cryptopolitan, Token Terminal data shows that the deposit volume of tokenized stocks in DeFi protocols has exceeded $300 million, up from $262 million last month and reflecting a 2,451.5% increase from approximately $11.8 million a year ago. The deposits are distributed across 20 issuers and 10 blockchains. The data indicates that the growth was primarily concentrated in the third quarter: starting at $80.1 million at the beginning of the quarter, it rose to $265 million on September 30, marking a quarterly increase of approximately 230%. This timeline aligns with Binance launching bStocks in June and Robinhood Chain going live in July. In terms of on-chain distribution, Solana leads with $102.6 million, accounting for a 34.2% share, with Robinhood Chain and Ethereum ranking second and third respectively. BNB Chain holds $42.8 million, Base holds $24.3 million, and the top five chains combined account for approximately 96%. Regarding issuers, xStocks accounts for over 39%, Robinhood holds $70.8 million, Binance bStocks holds $38.4 million, and Ondo Finance holds $3.4 million.
xStocks Tokenized Stocks On-Chain Market Cap Surpasses $1 Billion, Up 802.5% Over the Past Year
According to data from Token Terminal, the on-chain market capitalization of tokenized stocks issued by xStocks has reached $1 billion, up 802.5% over the past year. The underlying assets are currently distributed across nine blockchains. By network, Solana leads with a market cap of $523.1 million, followed by X Layer and Ethereum at $304.1 million and $165.1 million, respectively. By asset, STRCx ranks first with a market cap of $144.7 million, while MSTRx and CRCLx stand at $124.4 million and $108.4 million, respectively.
USDD leads weekly market cap growth with a $180.3 million increase, while Sky and United Stables enter the top five.
Report data shows that USDD's weekly market cap increase significantly leads other major comparable stablecoin projects, reflecting its recent rapid expansion in circulating supply. All data in the report is sourced from Token Terminal, providing the latest insights into recent capital inflows and changes in issuance scale within the stablecoin market.
Tokenized ETF total market cap reaches $686.5 million, with Ethereum leading at approximately 44%
Odaily reports: According to Token Terminal data, the total market capitalization of the tokenized ETF market has reached $686.5 million, with Ethereum ranking first at $303 million, accounting for approximately 44%; BNB Chain ranks second with $192.1 million, and Solana ranks third with $91.5 million.These three blockchains collectively account for approximately 85% of the tokenized ETF market capitalization, indicating that related assets are primarily concentrated in the Ethereum, BNB Chain, and Solana ecosystems.
Tokenized stock market capitalization reaches $3.9 billion, setting a new all-time high.
According to data from Token Terminal, the total market cap of tokenized stocks has reached a record $3.9 billion. Among them, BNB Chain, Ethereum, and Solana, the top three blockchains, collectively account for approximately 70% of the market share.