Token Terminal
Protocol financial metrics. Revenue, P/S, P/E for crypto projects.
Overview
Token Terminal is a data analytics platform that brings traditional financial analysis to blockchain protocols. Founded in 2020 and headquartered in Helsinki, Finland, Token Terminal translates on-chain activity into standardized business metrics like revenue, fees, earnings, P/E ratios, and fully diluted valuations.
The platform treats crypto protocols as businesses, applying the same financial frameworks used for evaluating traditional companies. This makes Token Terminal an essential tool for fundamental analysis of blockchain projects, enabling apples-to-apples comparison across protocols and chains.
Token Terminal's standardized metrics are now integrated into major platforms including CoinGecko, making it a reference source for protocol-level financial data in the crypto industry.
Key Features
- Revenue & Fees Tracking: Protocol-level revenue and fee generation metrics, distinguishing between supply-side and protocol revenue.
- Earnings & P/E Ratios: Net earnings after token incentives, with price-to-earnings and price-to-sales ratios for valuation analysis.
- Token Incentives: Track token emissions and their cost relative to revenue, measuring protocol sustainability.
- Daily Active Users: On-chain user activity metrics standardized across protocols.
- Custom Dashboards: Build personalized dashboards combining multiple metrics and protocols.
- Financial Statements: Standardized income statements for crypto protocols, similar to traditional company filings.
- Data Explorer: Browse and compare all available metrics across protocols with flexible filtering.
- Sheets & Excel Plugin: Pull Token Terminal data directly into spreadsheets for custom modeling.
- CSV Downloads: Export raw data for offline analysis.
Data Coverage
| Data Type | Details | |-----------|---------| | Protocols | 500+ protocols tracked | | Metric Categories | Revenue, fees, earnings, TVL, active users, P/E, P/S, FDV, token incentives | | Blockchains | All major L1s and L2s | | Data Format | Standardized financial metrics | | Historical Depth | Full history since protocol launch |
Pricing
| Plan | Price | Features | |------|-------|----------| | Free | $0 | Full historical data, 3 dashboards, Sheets plugin, CSV exports | | Pro | $350/mo | Unlimited dashboards, full access, team collaboration, 7-day trial | | API | Custom | REST APIs, 250K requests/day, startup discounts | | Data Room | Custom | Raw blockchain data, BigQuery/Snowflake, dedicated support, SLA |
Annual billing provides a 15% discount on all plans.
API Access
Token Terminal provides a REST API for programmatic access to all standardized metrics. API plans include up to 250,000 requests per day. Startup discounts are available. The API has seen growing adoption from AI applications using Token Terminal as a data source for standardized financial metrics.
Getting Started
- Visit tokenterminal.com and create a free account.
- Explore the Data Explorer to browse revenue, fees, and valuation metrics across protocols.
- Build custom dashboards to track your focus areas.
- Compare protocols using P/E ratios, revenue multiples, and user metrics.
- Use the Sheets plugin to pull data into your own financial models.