The system of record for stablecoins, tokenized assets, & onchain finance. Access standardized & comparable data for asset issuers, DeFi venues, & blockchains.
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Joined December 2019
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productive use of RWAs in DeFi > issuance
Token Terminal 📊 retweeted
$24B in stablecoins deposited into DeFi, up 560.8% over 3 years & equal to 8% of the $298.4B stablecoin market
Aave v3 & v4 account for 38.3% combined, followed by Morpho Blue (31.6%) & SparkLend (8.5%)
The dataset covers 41 DeFi venues
Token Terminal 📊 retweeted
$24B in stablecoins deposited into DeFi, up 560.8% over 3 years & equal to 8% of the $298.4B stablecoin market
Ethereum accounts for 55.2% of deposits, followed by Base (13.6%) & Solana (6.5%)
The dataset covers 31 chains
Token Terminal 📊 retweeted
Two years ago, U.S. Treasuries dominated the tokenized RWA market.
Today, the market has grown to $46.3B, with Treasuries representing less than a third of the total.
Yield strategies, credit funds, gold, and other assets are reshaping the composition of the market.
Token Terminal 📊 retweeted
Tokenized stocks are starting to make the “why not just use a broker?” argument weaker.
Over $10M in Coinbase-issued stocks deposited into Aave v4 on Base. Up 514.5% in 30 days, according to Token Terminal.
🔹 Hold the stock exposure
🔹 Use it as collateral
🔹 Borrow without selling
My take → Trading stocks onchain is only the entry point. Integrating them into lending markets is where tokenization gets interesting.
Still small in absolute terms. But this is a stronger adoption signal than another billion-dollar tokenization announcement.
And it’s happening in Ethereum’s ecosystem.
Token Terminal 📊 retweeted
Even on the weekend, the money keeps moving.
@arbitrum led with +$103.8M in stablecoin market cap growth over the last 24 hours.
Via @tokenterminal.
Token Terminal 📊 retweeted
$46.3B in tokenized RWAs, excluding stablecoins, up 920% over the past 3 years
Ethereum leads with $21.8B, followed by BNB Chain ($6.1B), Solana & Stellar ($3.6B each)
Chains compete to become the infrastructure for global asset issuance
Token Terminal 📊 retweeted
CRCL remains the largest Tokenized Stock by market cap.
Token Terminal 📊 retweeted
Franklin Templeton vs J.P. Morgan, round 2.
Tokenized T-bill growth, past 7 days:
@FTDA_US +$33.8M (4 BENJI tokens)
@jpmorgan +$33.6M (JLTXX)
$200K apart, and 79% of all growth in the top 10 between them.
Data: @tokenterminal
Token Terminal 📊 retweeted
$421.8M in tokenized Tesla & SpaceX stock, up 1,080.4% over the past year
Given how much capital Elon’s projects consume, he’s likely to become a big advocate for onchain markets if this trend continues to expand the investor base for his companies
Token Terminal 📊 retweeted
🇪🇺 LATEST: Solana just added $22M in euro stablecoins in a week, more than every other chain on Token Terminal's list combined.
a new era for onchain lending platforms like @aave 👇
Token Terminal 📊 retweeted
$46.3B in tokenized RWAs, excluding stablecoins, up 920% over the past 3 years
U.S. T-bills lead with $13.3B, followed by yield strategies ($11.6B), credit funds ($5.7B) & gold ($5.1B)
Traditional finance is moving onchain, asset class by asset class
Token Terminal 📊 retweeted
Over $300M in tokenized stocks deposited into DeFi, up 2,451.5% over the past year
xStocks leads with $118.3M, followed by Robinhood ($70.8M) & Binance bStocks ($38.4M)
Issuers that make composability a strategic priority give users more ways to put their holdings to work
Token Terminal 📊 retweeted
xStocks-issued tokenized stocks reach $1B in onchain market cap, up 802.5% over the past year
STRCx leads with $144.7M, followed by MSTRx ($124.4M) & CRCLx ($108.4M)
Strategy’s common & preferred stock together account for $269.1M
Token Terminal 📊 retweeted
1.5M holders, and a market that never closes
Tokenised stocks on @Solana have grown 5x since August, led by @xStocksFi at 850K and @BackpackOnchain, up 28x to 457K (@tokenterminal)
Stocks trading 24/7 on Kamino Swap
Zero fees
Token Terminal 📊 retweeted
Over $300M in tokenized stocks deposited into DeFi, up 2,451.5% over the past year
Uniswap v3 & v4 lead with $86.4M combined, followed by Kamino Lend ($49.6M) & Pendle ($45.9M)
Token Terminal 📊 retweeted
$13.3B in tokenized stock spot DEX trading volume over the past 30 days
Uniswap v3 & v4 account for 27.7% combined, followed by PancakeSwap (16.8% across v2 & v3) & Aerodrome Slipstream (15.0%)
The dataset covers 25 DeFi venues
Token Terminal 📊 retweeted
$24B in stablecoins deposited into DeFi, up 560.8% over 3 years & equal to 8% of the $298.4B stablecoin market
Aave v3 & v4 hold $9.2B combined, followed by Morpho Blue ($7.6B) & SparkLend ($2.0B)
Venues compete for deposits through liquidity, security & yield
