Tokenized AUM in crypto reaches $280 billion

Total tokenized AUM

Tokenized AUM by chain

Tokenized AUM by issuer

Tokenized AUM by asset

• Tokenized AUM measures the total value of natively minted stablecoins and tokenized funds across all blockchains.

• The top two chains by tokenized AUM are Ethereum and Tron, with ~58.7% and ~30.4% market share, respectively. That is, close to 90% of all tokenized AUM resides on these two blockchains alone.

• The top 4 stablecoin issuers (Tether, Circle, Ethena, and Sky) hold ~90% market share based on tokenized AUM.

• Tether's USDT stablecoin is the biggest tokenized asset. The majority of the AUM for USDT resides on Tron and Ethereum.

Access the charts here.

Stablecoins & tokenized funds

Explore our new dashboard that features stablecoins and tokenized funds. The dashboard is created by Token Terminal Research and the data is updated daily.

Access the dashboard here.

7 new projects are live on Token Terminal

New standardized listings (full listing with up to 15 metrics)

1. Pendle, a yield-trading protocol on Ethereum, Arbitrum, & 5 other chains.

2. Reserve, an index provider on Ethereum, Base and Arbitrum.

3. Raydium, one of the largest DEXs on Solana.

4. Marinade, a liquid staking protocol on Solana.

5. Boba Network, an L2 blockchain on Ethereum.

6. Celo L2, an L2 blockchain on Ethereum focused on fast, low-cost payments.

7. World Mobile Chain, an L3 blockchain on Base focused on DePIN.

Interested in getting listed? Read more here.

Our onchain data is now available on CoinGecko!

Token Terminal’s standardized onchain metrics are now live on CoinGecko! You can find them on every asset page under the Financials section. The first data sets include historical data for fees and revenues, with more metrics to come.

By combining CoinGecko’s comprehensive market data with Token Terminal’s fundamental onchain metrics, we’re setting a new standard for data transparency in crypto.

Looking to integrate our onchain data into your platform? Connect with our partnerships team here.

New ecosystem metrics are live

We’ve added a new set of ecosystem-level metrics to help you understand how the application ecosystems on different blockchains are performing. These metrics capture activity across all applications on a blockchain, and compile the activity into one single metric.

For example:

• Ecosystem fees (“GDP”): total fees generated by all applications on the chain.

• Ecosystem active users: total monthly active users across all applications on the chain.

• Ecosystem total value locked: total value locked (TVL) across all applications on the chain.

• Ecosystem active loans: total active loans across all lending applications on the chain.

• Ecosystem stablecoin supply: total outstanding stablecoin supply on the chain.

• Ecosystem assets staked: total assets staked across all liquid staking protocols on the chain.

How investors can leverage ecosystem metrics:

With these updated metrics, you can now:

• Explorer: evaluate and compare L1 & L2 chains based on their application-level activity.

• Studio: build custom charts that pull data from hundreds of chains & apps.

• API: power internal ecosystem comparison dashboards.