The Bank for International Settlements, the institution that essentially serves as the central bank for the world’s central banks, is now citing Token Terminal data in its published research on crypto markets.
BIS Working Paper No. 1335, released in March 2026 and titled “Tokenomics and blockchain fragmentation,” references Token Terminal’s fee revenue estimates across major Layer 1 blockchains including Ethereum, Solana, and Tron. By late 2025, each of those networks was generating annualized fee revenues in the range of $500 million to $600 million.
What the BIS is actually studying
The working paper isn’t the only place Token Terminal shows up. A related BIS Bulletin titled “Blockchain consensus mechanisms and fragmentation” also draws on the platform’s metrics. Additional BIS publications have incorporated Token Terminal data alongside figures from DeFiLlama to examine fee structures, transaction volumes, stablecoin distribution, and how Layer 2 networks are performing relative to their parent chains.
Token Terminal tracks standardized metrics across more than 100 chains and protocols, covering fees, revenue, and activity in a format comparable across networks.
