The system of record for stablecoins, tokenized assets, & onchain finance. Access standardized & comparable data for asset issuers, DeFi venues, & blockchains.
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Excited to be working with @binance.
As of today, Token Terminal's standardized onchain data powers platforms like:
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Binance ~280m users
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CoinGecko ~27m monthly visitors
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Bloomberg Terminal ~350k institutional investors
Industry-leading data π€ Unmatched distribution
Access financial reports while trading! π
Weekly to yearly data, income statements & key metrics powered by @tokenterminal.
In app: Markets β Token pair β Square β Financial
Learn more π binance.com/en/square/post/2β¦
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Token Terminal π retweeted
The US dollar is incredibly popular. And stablecoins make it more accessible.
But US equities are even more popular than the dollar.
Which is one of the many reasons tokenization is going to be huge.
Non-US investors own more US stocks than ever:
Investors from outside the US held $24.32 trillion of US equities in July, the 3rd-largest amount in history.
Year-to-date, foreign holdings of US equities have surged +$2.22 trillion, or +10%.
Since the 2022 bear market, this figure has soared +$12.3 trillion, or +103%.
As a result, foreign allocation to US equities jumped to a record 60% of their US financial assets.
This proportion now stands ~6 percentage points above the 2000 Dot-Com Bubble peak.
Foreign appetite for US equities is historically strong.
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Token Terminal π retweeted
.@solana led with $1.0B in stablecoin growth, followed by @ethereum at $737.0M and @HyperliquidX at $422.4M.
Together they made up nearly 90% of the top 10's combined growth, with @BNBCHAIN and the @XRPLF each just under $80M.
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Token Terminal π retweeted
πͺΆβ°οΈ See you at the HOOD Summit next week!
Come talk to us about whatβs happening on Robinhood Chain & what it means for some of its key stakeholders:
β’ @RobinhoodApp: assets & distribution
β’ @Uniswap: trading
β’ @arbitrum: technology
β’ @ethereum: settlement
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Token Terminal π retweeted
Stablecoin asset holders have surpassed 300M, reaching 305.1M from ~16M five years ago
Thatβs growth of over 1,800%, through both bull and bear markets
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For every $100 held in stablecoins, thereβs now $11.39 in tokenized funds, up from $2.99 two years ago.
Agentic finance will only accelerate this trend as agents can be programmed to keep minimum viable balances in stablecoins & move the rest into yield-bearing assets.
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Some stablecoin issuers are already building for this agentic future
@circle offers both a stablecoin (USDC) for working balances & a tokenized fund (USYC) for yield-bearing balances:
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Token Terminal π retweeted
π¨ NEW: Uniswap took $12.6B of the $20.9B tokenized stock DEX volume in the last 30 days.
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Firms tokenizing U.S. equities are building for a rapidly growing global investor base:
Non-US investors own more US stocks than ever:
Investors from outside the US held $24.32 trillion of US equities in July, the 3rd-largest amount in history.
Year-to-date, foreign holdings of US equities have surged +$2.22 trillion, or +10%.
Since the 2022 bear market, this figure has soared +$12.3 trillion, or +103%.
As a result, foreign allocation to US equities jumped to a record 60% of their US financial assets.
This proportion now stands ~6 percentage points above the 2000 Dot-Com Bubble peak.
Foreign appetite for US equities is historically strong.
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Token Terminal π retweeted
Robinhood Chain: $50M in revenue in ~3 months
The bigger opportunity for Robinhood: let external developers build on top of the 28.6M funded customers & $384B in assets RH has built up over 10+ years, then distribute those products globally from day 1
AWS for finance
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Token Terminal π retweeted
The Bezos of 1994 saw the Internet taking off and chose books as the first product to build around it
If Bezos were starting today, we think heβd look at asset tokenization on blockchains taking off and choose to tokenize stocks first
The logic is similar
The Internet didnβt change the underlying book. It changed the experience around it: access to a vastly larger catalog, 24/7 availability, and better search and discovery
Tokenization doesnβt change the underlying stock. It changes the experience around it: broader global access, 24/7 trading and transfers, and interoperability across trading, lending, and collateral markets
In both cases, the underlying product stays the same while a new technological substrate creates room for customer-facing differentiation
Public equities are one of the worldβs largest asset classes, yet only $2.8B (excl. ETFs) is represented onchain today
Thatβs the type of opportunity Bezos repeatedly looked for: a huge existing market where a new technology can create a better customer experience, with the potential to reach massive scale
Books were Amazonβs entry point into Internet commerce
We think stocks could be the equivalent entry point into onchain finance
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Token Terminal π retweeted
The new business line to watch for Coinbase: Tokenized stocks
Tokenized stock trading generates transaction fee revenue for Coinbase today, while securities lending income & DEX trading fees represent potential future revenue sources
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Token Terminal π retweeted
Solana led stablecoin growth across chains over the past 24 hours, adding $282.3M in market cap, almost 4x the next chain.
@solana +$282.3M
@HyperliquidX +$71.9M
@trondao +$37.9M
@XRPLF +$33.9M
@SonicLabs +$31.0M
Via @tokenterminal
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Token Terminal π retweeted
The user experience around tokenized stocks today is the worst it will ever be
Itβs already good enough to attract 4.4M asset holders, but there is still a lot to improve: more stocks to choose from, deeper liquidity, clearer legal and economic structures, better user interfaces, and more ways to use these assets across onchain markets
Meanwhile, tokenized stocks remain a tiny part of the $150T+ global public equity market
A very large existing market, rapidly growing adoption, and underlying technology that keeps getting better
Thatβs an unusual combination
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Token Terminal π retweeted
Whoever wins the below in this upcoming final boss defi bull market*, plus whoever solves the lend/borrow loop for these assets too
Well the majority of defi liquidity, revenues, and marketcap will accrue disproportionately to these two
*this is the one where all of the worldβs liquidity starts falling into an onchain black hole and we never look back
Right now itβs hard to bet against $UNI and $MORPHO given the structural advantages, but we shall seeβ¦
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Token Terminal π retweeted
One of the clearest charts showing why every business building onchain finance needs an RWA strategy in 2026
ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 price development since the launch of Robinhood Chain, where @Uniswap is the leading stock token trading venue π
πͺΆβ°οΈ See you at the HOOD Summit next week!
Come talk to us about whatβs happening on Robinhood Chain & what it means for some of its key stakeholders:
β’ @RobinhoodApp: assets & distribution
β’ @Uniswap: trading
β’ @arbitrum: technology
β’ @ethereum: settlement
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An underappreciated change in onchain market dynamics vs. a few years ago:
Crypto-native tokens often took years to become interesting financial assets because the businesses they were tied to had to be built from zero
Tokenized stocks bring 10,000+ established businesses onchain from day one, with assets that can be made composable across DeFi
Multiple (i) issuers will compete to bring these assets onchain, while (ii) DeFi venues compete to make them tradable, lendable, and usable as collateral
A lot of new onchain financial activity can & will emerge much faster as a result, to the benefit of the underlying (iii) chains
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Some examples of potential winners:
Asset issuers: @Ondo @xStocksFi @RobinhoodCrypto
DeFi venues: @Uniswap @aeroxyz @Raydium
Chains: @ethereum @solana @arc
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