Launching the yields dataset

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.

1. 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.

2. 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