All About Token Terminal: A Financial Analysis Hub For Blockchain

Token Terminal is a platform that focuses on analyzing and understanding cryptocurrency projects. It provides tools and data to help you evaluate and track different cryptocurrencies, making it easier to make informed investment decisions. Also, the platform is designed to be user-friendly and distil complex information into clear formats.

What is a Token Terminal?

Token Terminal is a platform that provides on-chain data and metrics for various blockchains and decentralized applications (dApps). The platform was launched in 2020 by Henri Hyvarinen, Aleksis Tapper, and Robert Valta.

Source: Token Terminal 

It aims to standardize financial and alternative data for the crypto industry and offer investors, developers, and researchers tools and insights. 

The platform allows users to compare and analyze different projects based on metrics such as fees, revenue, valuation, users, and developers. Individuals can compare and analyze different projects based on their performance and fundamentals, and discover new opportunities and trends.

What Makes Token Terminal a Standout Performer? 

To remain a standout performer, it is essential to offer something unique, effective, and valuable. Here are a few of the features that maintained the outstanding performance of Token Terminal:

• The platform supports over 270 projects, permitting users to track Total Value Locked (TVL), fees, active users, etc.
• It supports Over 40 layer 1 and layer 2 chains, 150 dapps, 21 stablecoin issuers, and 15 NFT marketplaces. 
• The visualization feature displays historical and current data on a chart with various metrics, such as financial, user, and developer metrics.
• Indexes feature offers a performance of different segments and categories of the crypto industry including DeFi, NFTs, DAOs, and more.
• The data room feature to access and query multichain data using SQL and Terminal API, and create custom dashboards and reports.

The Data Pipeline: The Complete Working

Providing users with data quality, granularity, and accuracy is one of the major goals of the platform and is done through a vertically integrated data supply chain or the data pipeline. 

Source: Token Terminal

Three easy steps help the platform transform raw market data into quality, valuable, and comprehensive data.  

Extract: It operates its own node infrastructure for 12 blockchains, which allows it to access and extract all the raw data from the smart contracts and transactions on the blockchains.

Transform: The platform uses a powerful data warehouse to decode, clean, and standardize the raw data into comparable and meaningful metrics, such as fees, revenue, valuation, users, and developers. Furthermore, It stores the transformed data in its internal database, which can be queried and analyzed using SQL and Terminal API.

Serve:  The data is served to its customers through its web application and API, which offer various tools and features, such as charts, filters, alerts, indexes, and data room.

Products Offered

Terminal Pro: The Terminal Pro is designed for analysts who need standardized on-chain data without coding and/or with Excel/CSV. Users who join Terminal Pro can easily compare the financial and business metrics of more than 250 projects to discover hidden gems.

Additionally, it is a paid service and user needs to pay over $300 per month to avail all the advanced features. However, there are some free services for data scientists, developers, and technical teams. 

Terminal API: The product is mainly used by data scientists and developers to utilize standardized data sets programmatically. It allows users to programmatically benchmark the financial and business performance of different projects. 

Data Room: The data room feature is mainly designed for technical teams to help them query and analyze multichain data using SQL. Access to both raw and decoded on-chain data for 14 chains is one of the main features offered. 

How to Operate the Dashboard

The Token Terminal offers a user-friendly interface that makes it more popular in the crypto market. Let’s explore the dashboard in depth: 

Market analysis 

Hitting the Launch Terminal option helps in analyzing the crypto market. Users can navigate and explore two options on the home page including the Metric and Market sector.  

Source: Token Terminal  

Users can select different market sectors like Blockchain Layer 1, Blockchain Layer 2, Bridges, NFT marketplace, Stablecoin issuers, etc. In addition to this, the data can also be analyzed on the basis of active users, fees, revenue, TVL, market cap, etc. in the Metric section.  

Sliding down the chart provides data on weekly gainers and losers across several metrics.

Project analysis

Individuals interested in project analysis can also use the respective platform. Users can do an in-depth scan of each of the 270 dapps and networks listed on the platform.  

Source: Token Terminal

Selecting the project options and choosing the required project will help in carrying out the fundamental and technical analysis. 

Similarly, datasets and financial analyses of different blockchains and projects can be analyzed using the particular platform. 

Other Alternatives to Explore 

Dune Analytics: Dune Analytics is a platform that provides on-chain data and metrics for various blockchains and dApps. Users can use Dune Analytics to query and visualize data from networks like Ethereum and Optimism and to explore and share insights and dashboards with the crypto community.

Nansen: Nansen is another effective tool that many newcomers like because of its easy and ready-to-use features. However, it lacks cross-chain capabilities, which limits users from discovering big-picture insights. 

Conclusion

Token Terminal is a comprehensive and user-friendly platform that helps you with your crypto analysis and research. The platform compares and analyzes different projects based on their performance and fundamentals, and discovers new opportunities and trends.

FAQs

How much does the platform cost?

The platform is free to use for basic features, such as searching, comparing, and visualizing data. You only pay when you want to access advanced features, such as Terminal Pro, Terminal API, and Data Room. 

How secure is the platform?

The platform is very secure and respects your privacy. It does not store your private keys or access your funds.