Token Terminal is a platform that aggregates financial data related to blockchain and decentralized applications (DApps). It manages over 50TB of blockchain raw data and provides more than total market value, circulating market value, market-to-sales ratio, price-earnings ratio, and tokens. Transaction volume, total locked value, total merchandise volume, revenue, protocol (token holders) revenue, costs and fees, benefits, etc. Using the comparison of price-earnings ratio and price-sales ratio, the profit rate of the project can be calculated; by viewing TVL and transaction volume related data, the transaction volume and lock-up relationship can be measured, and the relationship between token reward lock-up and project mode lock-up can be confirmed. Deeper data mining can give you a deeper understanding of the project.