Token Terminal
Protocol financials and fundamentals
Best for: Investment analysts and researchers who need standardized financial metrics for protocols, similar to how Bloomberg or CapIQ works for equities.Token Terminal brings traditional financial analysis to crypto by standardizing protocol revenue, fees, earnings, and valuation metrics across hundreds of projects. The platform treats blockchain protocols like public companies, providing P/E ratios, revenue breakdowns, and financial statements that institutional investors and analysts can use for fundamental analysis.
The platform covers protocols across DeFi, L1s, L2s, and infrastructure, with full historical data going back years. Key features include custom dashboards, a Sheets/Excel plugin for pulling data into spreadsheets, CSV exports, and an MCP integration for AI workflows. The API product serves developers and data teams who need programmatic access, and the Data Room product delivers raw blockchain data via BigQuery and Snowflake.
What makes Token Terminal distinct is its focus on the "fundamentals" angle. While Dune lets you query raw onchain data, Token Terminal pre-computes standardized financial metrics so you can compare protocols the way you would compare stocks. This makes it particularly valuable for investors coming from traditional finance backgrounds.
Pricing
- Free: $0/mo. Full historical data, 3 custom dashboards, Sheets plugin, MCP access.
- Pro: $350/mo. Unlimited custom dashboards, CSV exports, team access.
- API: Custom pricing. REST API, 250,000 requests/day, status page.
- Data Room: Custom pricing. Raw blockchain data in BigQuery/Snowflake, dedicated support.
Annual billing saves 15%.
Chains Supported
Multi-chain coverage including Ethereum, Solana, Bitcoin, Base, Arbitrum, Optimism, Polygon, Avalanche, BNB Chain, and other major L1s and L2s. Coverage is protocol-level rather than chain-level.
- Fundamental analysis: compare protocol revenue, fees, and valuation metrics
- Investment research: screen protocols by financial metrics for fund managers
- Financial modeling: pull standardized data into spreadsheets for DCF and comp models
- Market intelligence: track which protocol categories are gaining revenue share
- Board reporting: generate protocol financial summaries for stakeholders
