What Is Token Terminal and How Does it Work? 2024 Guide

Token Terminal is a comprehensive on-chain data platform specializing in standardizing financial and alternative data for popular blockchains, while also providing tools to assess and monitor promising projects.

Written by: Anatol Antonovici   |  Updated January 25, 2024

Reviewed by: Mike Martin

Fact checked by: Ryan Grace

token terminal image

Token Terminal is a leading blockchain data analysis tool. In this article, you’ll learn how to use it.

Table of Contents

🍒 tasty takeaways

  • Token Terminal is one of the top fundamental analysis platforms for crypto assets, decentralized applications (dapps), and blockchains

  • The platform offers a wide range of metrics for free, with more advanced options for paid subscribers via its Pro version.

  • You can register with your email to access the Pro version’s 7-day trial without sharing payment details.

Token Terminal Summary

Feature Description
Data Standardization Standardizes data for blockchains and decentralized apps
Data Analysis Analyzes and transforms blockchain transactions into business metrics
Metrics Offered Provides market, financial data, and performance indicators
Project Analysis Enables comprehensive market and project analysis with financial and trend tools
Multi-Chain Support Supports data extraction and analysis across multiple blockchains
API Access Offers API for programmatic access to data sets and metrics
Data Room Provides a space for in-depth data queries and analysis
User-Friendly Interface Features an intuitive interface for easy navigation and data visualization

What Is Token Terminal?

Token Terminal is an on-chain blockchain data platform offering key metrics across multiple decentralized networks and decentralized finance (DeFi) apps. Investors, analysts, developers, and other market participants can use the platform to conduct in-depth fundamental analysis and technical analysis while staying in touch with market dynamics.

Token Terminal doesn’t depend on any third parties or oracle networks to extract on-chain data. Instead, it relies on its node infrastructure to obtain quality data and transform it into readable metrics.

token terminal screenshot

Token Terminal’s Products

The platform’s flagship product is the Terminal, which offers a wide range of metrics for free, with more advanced metrics available to paid subscribers.

Registered developers and technical teams can also use the platform’s Data Room, where they can query and analyze multichain data using SQL and Terminal API, which enables developers to leverage standardized data sets programmatically.

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What Can I Do on Token Terminal?

You can use Token Terminal to analyze key metrics of the cryptocurrency market, its main sectors, as well as individual decentralized applications (dapps) and blockchain networks like Bitcoin (BTC) and Ethereum (ETH).

Investors and analysts can explore key metrics such as market capitalization, total value locked (TVL) in DeFi, transaction fees, active users, trading volume, and more.

All metrics are available for general market analysis and for about 270 projects listed on Token Terminal. The projects include the following:

For better visualization, the metrics are displayed on charts with customizable, user-friendly options.

How Do I Use Token Terminal for Free?

Token Terminal enables retail users to access a wide range of metrics for free.

Market Analysis

To analyze the crypto market, the DeFi ecosystem, and major blockchain sectors, you should access the first three sections on the left menu: Home, Metrics, and Sectors.

Home

On the Home page, you can visualize multiple metrics by scrolling on the top tab (1). You can also select key sectors on the right side (2).

Source: Token Terminal

In addition to cumulative project data, you can also visualize the chronological dynamic by switching the display option at the top of the chart. Here, you can choose the timeframe and hide specific projects.

Source: Token Terminal

Below the main chart, you will find weekly gainers and losers across several metrics:

Source: Token Terminal

Metrics

On the Metrics page, you can visualize every single metric for the crypto market and its main sectors.

Source: Token Terminal

By clicking on any metric, e.g., active users, you can see general info about the metric, a standard chart like the one on the Home page, and a Competitive Landscape chart that shows the evolution of the metric across individual blockchains and Web3 projects. Here you can select the timeframe and add any of the supported dapps, digital assets, or networks.

Source: Token Terminal

Market Sectors

On the Market Sectors page, you can analyze key metrics across 16 sectors, although only three are available for free: Social, Decentralized Exchanges (DEXs), and Layer 1 chains.

For each sector, you will find some general info and two charts: the standard one and the Competitive Landscape one.