Newsletter
Ethereum’s TVL is now 65% stablecoins
+ new project listings & product updates
Every other week, we bring you a quick update from our community, highlight new projects listed on Token Terminal, and share an overview of our newest product features.
Let’s dive in!
CHART OF THE WEEK
Ethereum’s TVL is now 65% stablecoins
Total value locked (TVL) for Ethereum (L1) is defined as the USD value of funds that stablecoin minters, lenders, stakers, and liquidity providers have deposited into applications on the Ethereum mainnet.
Stablecoins account for 65% of the total TVL on Ethereum mainnet (~$130B). The stablecoin TVL previously peaked at $122B in February 2022.
Meanwhile, DEX TVL on Ethereum peaked at $44B in November 2021. Since then, it has declined by 88% to $5B, as i) liquidity has migrated to more cost-efficient blockchains, and ii) DEXes in general have become more capital efficient.
Access the live chart here.
DASHBOARD OF THE WEEK
Securitize | The leader in asset tokenization
Explore our updated dashboard that features key metrics for Securitize, a leading RWA platform that manages over $3B in tokenized real-world assets (RWAs) in partnership with top-tier issuers including BlackRock, KKR, Hamilton Lane, and others.
Access the dashboard here.
NEW LISTINGS
19 new projects are live Token Terminal
Standardized listings (full listing with up to 15 metrics)
Dolomite, a lending protocol on Berachain, Arbitrum, Base & Ink.
Virtuals, a protocol for AI agents on Base.
Silo, a lending protocol on Sonic, Arbitrum, OP Mainnet & Ethereum.
Rings, a stablecoin issuer on Sonic & Ethereum.
Origin protocol, a staking protocol on Sonic, Ethereum, Arbitrum & Base.
Aethir, a GPU marketplace on Ethereum & Arbitrum.
Peaq, an L1 blockchain with focus on DePIN.
Basic listings (partial listing with up to 6 metrics)
Apechain, an L3 blockchain on Arbitrum.
SilverSwap, an exchange protocol on Sonic.
Ostium, a derivatives exchange protocol on Arbitrum.
+ 9 new early-stage apps from the Viction ecosystem.
Our two listing categories:
Interested to get listed? Read more here.
PRODUCT UPDATES
ICYMI: Our new market sector pages are live
New market sector pages
Our new market sector pages let you:
Compare performance across various market sectors (e.g. active users in the lending market vs. liquid staking market).
Explore project-level metrics within specific market sectors (e.g. Aave’s share of all active loans in the lending market).
Access historical charts, growth trends, market share treemaps and much more.
With these updates, you can now track market sector-wide performance and quickly spot which projects are behind the biggest trends.
Explore our new market sector page here!
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
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