Token Terminal
Encrypted financial data aggregation platform
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Project Overview
Token Terminal is a full stack onchain data platform that focuses on standardizing financial and alternative data for the most widely used blockchains and decentralized applications. Token Terminal extracts raw smart contract event data from multiple blockchains, aggregates, cleans, and transforms it into standardized and comparable business metrics.
Uniswap's September revenue reached $14.7 million, with 53% coming from Robinhood Chain.
According to Token Terminal data, Uniswap’s deployment on Robinhood Chain has become its largest revenue source. Data shows that Uniswap generated approximately $14.7 million in revenue in September, with Robinhood Chain contributing around 53%, equivalent to roughly $7.79 million.
DeFi Overall Deposits Decline 15%, RWA Deposits Rise Against Trend to $7.4 Billion
According to BeInCrypto, a latest report jointly released by CoinShares and Token Terminal shows that over the past year (Q2 2025 to Q2 2026), the deposit volume of tokenized real-world assets (RWA) in the DeFi sector increased from $2.3 billion to $7.4 billion, a year-on-year increase of more than twofold, while total DeFi deposits declined by approximately 15% during the same period. The growth was primarily concentrated in yield-bearing products, including tokenized treasury bonds and multi-strategy funds (such as JTRSY, BUIDL, sUSDS), with Aave, Morpho, and Kamino providing the deepest liquidity. Meanwhile, on-chain RWA spot trading volume increased by approximately 220% year-on-year, while native crypto spot trading volume on decentralized exchanges fell by approximately 70%.
Bitwise: Crypto Stocks Rise 23% in First Half of 2026, Outperforming Most Major Asset Classes
Bitwise released a report stating that while crypto asset prices fell by approximately 36% in the first half of 2026, crypto-related stocks rose by 23%. This performance trailed only emerging market stocks, outpacing all other major asset classes. Bitwise Head of Research Ryan Rasmussen noted that the 30 crypto-related publicly listed companies in the Bitwise Crypto Innovators 30 Index outperformed the U.S. stock market by a factor of two, driven by factors including AI computing demand benefiting mining companies, stablecoin issuers, and asset tokenization platforms.Furthermore, according to Token Terminal data, the top ten crypto applications generated cumulative revenue of $5.9 billion over the past 12 months. PancakeSwap, Hyperliquid, and Aave ranked in the top three, with cumulative revenues of $923 million, $912 million, and $877 million, respectively.During the same period, the scale of tokenized real-world assets reached $33 billion in the second quarter, an increase of 45% from the beginning of the year; open interest in prediction markets hit an all-time high of $1.8 billion, with quarterly trading volume reaching $43 billion. (The Block)
Ethereum monthly transaction volume exceeds 70 million, hitting a new all-time high; median transaction fee drops to $0.00554, also a new record low
OKX Ventures cited Token Terminal data on X platform, stating that Ethereum's monthly transaction volume has surpassed 70 million, reaching a new all-time high. Meanwhile, the network's median transaction fee has dropped to approximately $0.00554, also setting a new record low. This indicates that Ethereum is gradually achieving a network state characterized by “high efficiency and low cost.”In light of this, OKX Ventures believes that Layer 2 solutions and modular architectures are continuously reducing on-chain interaction costs, and the historically high gas fee issue is seeing significant improvement. As transaction costs fall to sufficiently low levels, applications such as stablecoins, blockchain games, social platforms, AI agents, and RWA (Real World Assets) will find it easier to attract real users. Public chain competition is entering the “experience era,” where future competition will no longer be based solely on TPS, but rather on whether the network can provide better security, liquidity, and user experience. Ethereum retains a strong advantage in terms of developer and ecosystem strength. As costs decline, on-chain payments, asset issuance, and cross-border settlement activities are expected to continue growing, and blockchain infrastructure is gradually becoming part of the mainstream digital economy. OKX Ventures will continue to focus on infrastructure upgrades and long-term application value within the Ethereum ecosystem. What truly matters is not just market price fluctuations, but the sustained growth in real on-chain usage.
Ethereum Mainnet Monthly Transaction Count Hits New High, While Transaction Fees Hit New Low
According to Token Terminal data, Ethereum’s monthly transaction count has hit a new all-time high, exceeding 70 million transactions, while the median transaction fee stands at approximately $0.00554, marking a new all-time low.
Related news
Uniswap's September revenue reached $14.7 million, with 53% coming from Robinhood Chain.
According to Token Terminal data, Uniswap’s deployment on Robinhood Chain has become its largest revenue source. Data shows that Uniswap generated approximately $14.7 million in revenue in September, with Robinhood Chain contributing around 53%, equivalent to roughly $7.79 million.
Aave v4 deposits surpass $1 billion, active loans reach $300 million
According to monitoring by Token Terminal (@tokenterminal), Aave v4 deposits have surpassed $1 billion, doubling over the past month, with current active loans reaching $300 million.
Uniswap accounts for over 99% of Robinhood Chain stock token deposits, up 532.8% over 30 days
According to Token Terminal data, Uniswap hosts over 99% of Robinhood stock token DeFi deposits on Robinhood Chain, with Uniswap v4 accounting for approximately $53 million, v3 for around $25 million, and v2 for about $173,700. Total related deposits increased by 532.8% over the past 30 days.
USDD's market cap saw strong growth over the past 7 days, peaking at a single-day increase of $12.8 million.
According to data from Token Terminal cited by RWA Foundation and USDD's official channels, the decentralized stablecoin USDD has seen strong growth over the past week. On September 20 alone, its market capitalization increased by $12.8 million, ranking third among stablecoin issuers behind Ethena ($35.8 million) and StablR ($18.7 million).
Token Terminal: Byreal's xStocks trading volume exceeds $100 million over the past 30 days
Odaily News: According to Token Terminal data on September 15, over the past 30 days, the cumulative trading volume of xStocks tokenized stocks on DEXs was approximately $1 billion.Among them, Raydium accounted for 80.5% of the market share with approximately $805.2 million in trading volume; Byreal ranked second with approximately $107.9 million in trading volume; Orca followed with approximately $72.5 million.On-chain tokenized stock trading activity has notably increased recently. As more stock-related assets and liquidity enter on-chain markets, DEXs are gradually becoming one of the important trading and liquidity venues for tokenized stocks.
Daily Trading Volume of Tokenized Stock DEX on Base Exceeds $100 Million for the First Time
Data from Token Terminal shows that the daily trading volume of tokenized stock DEX on Base surpassed $100 million for the first time, setting an all-time high. Over the past 30 days, cumulative trading volume totaled approximately $730.9 million, with Aerodrome contributing around $557.1 million, accounting for about 76%.