The market for yield-bearing tokenized assets is growing quickly, both in size and in the number of products available. But these assets, including tokenized Treasury funds, credit funds, liquid-staked ETH, and lending receipt tokens, do not calculate yield in a standardized way, making comparisons difficult. Token Terminal is now the place where yields across 350+ tokens on 100+ chains can be viewed in a consistent, standardized, and comparable manner.
Today we're launching Yields, a dedicated dataset covering APY across the full universe of yield-bearing tokenized assets.
How yield works across sectors
Different tokens generate yield through different mechanisms. We compute APY for each asset in the way that's appropriate to its design – directly from onchain data.
A note on stablecoins: under current US and EU regulation, fiat-backed stablecoins generally cannot yet pass interest income directly to holders. If/when regulation allows issuers to share yield with end users, those rates will appear on Token Terminal.
Two new asset classes live today
In addition to tokenized funds, the Yields page includes APY data for two newly listed asset classes: liquid staking tokens (LSTs) and lending deposit tokens.
Liquid staking tokens (LSTs) - tokens that represent staked positions in a Proof-of-Stake network (Ethereum, Solana, and others). Holders earn the network's staking rewards while keeping the position liquid and usable across DeFi.
Lending tokens - tokens issued by lending markets to represent a deposit. The token accrues interest from borrowers, and can be redeemed for the underlying asset plus accumulated yield.
Key metrics on the yields page
APY vs market cap. Market cap and yield are the two numbers an institutional allocator looks at first. The scatter plot lets you see them side-by-side – which large-cap assets are paying competitive yield, and which high-yield assets are still small enough that the rate may not hold at scale.
Top yields by category. Three line charts visualize the asset-level yields for the three sectors: tokenized funds, lending tokens, and liquid staking tokens. These charts make it easy to discover which asset leads each sector and how the yields overall have moved over time. The category-specific charts are useful because the yields within each sector tend to include similar types of risks, which makes comparisons within a category more meaningful than across categories.
How we extract the data
The yield numbers come from infrastructure we build and operate ourselves: blockchain indexers, decoders, and standardized metric computation pipelines. That infrastructure enables us to list and maintain 350+ tokens in a consistent and auditable manner at scale, without relying on third-party APIs.
This end-to-end operating model allows us to expand coverage across new asset classes quickly, while maintaining a consistent and auditable methodology across every asset we support.
Check out the new page here: https://tokenterminal.com/explorer/apy
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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