Dear Polkadot community,

We are excited to introduce our next initiative, focused on building comprehensive and standardized datasets and metrics for the Polkadot ecosystem. Building on the success of our first project, this initiative aims to expand distribution, and enable deeper insights for analysts, developers, and investors.

Full proposal details ➡️ [here]

1. Executive summary

A key challenge with current public Polkadot datasets is their insufficient level of standardization and depth, which limits the ability to calculate essential financial and business KPIs.

This proposal introduces two major improvements:

i) The transition from basic to standardized metrics. Our goal is to increase the depth, usability, and standardization of metrics, evolving from raw blockchain data to fully standardized financial and business KPIs for the leading parachains.

• Basic metrics (e.g. active addresses, gas used, and transaction counts, etc.) are programmatically derived from raw blockchain data. These metrics require less parachain-specific research or maintenance, as they are generated through automated processes and presented in their simplest form.
• Standardized metrics (e.g. TVL, fees, and active users, etc.) require significant transformation work by our research team. This process involves more in-depth parachain-specific research and ongoing maintenance to ensure the metrics are accurate, comparable, and aligned with established financial and business standards.

ii) Increased distribution. In addition to improving the quality and depth of metrics available on Token Terminal, this proposal also includes expanded distribution through the Google Web3 Marketplace. In practice, this means providing public access to all Polkadot data within Token Terminal’s data warehouse.

• Google Web3 Marketplace: Each parachain will have its own dataset on the marketplace, covering everything from block-level data to standardized financial and business metrics.
• Token Terminal: Each parachain’s project page will be populated with Standardized metrics (in addition to Basic metrics). Additionally, parachains will also gain visibility through Discover, Market sector boards, and datasets like Trending contracts for EVM-compatible chains.

The growth of the Polkadot ecosystem is driven by a sophisticated community of developers, analysts, researchers, and investors. By providing high-quality, standardized datasets and metrics, this initiative strengthens Polkadot’s institutional brand, positioning its native asset, DOT, as a natural inclusion in institutional portfolios and a potential target for the next ETF.

2. Background

Since launching in 2020, Token Terminal has established itself as a trusted partner in the crypto data analytics space, known for:

• Institutional credibility: First crypto data platform integrated with Bloomberg Terminal and a partner to MarketVector (VanEck subsidiary) for fundamentals-weighted crypto indexes.
• Technical excellence: Running nodes across 20+ EVM and non-EVM blockchains, managing a 400TB+ serverless data warehouse on BigQuery.
• Proven results: Our first initiative focused on creating a standardized listing for Polkadot and basic listings for 50 parachains. We are ahead of schedule, and already cover basic metrics for over 20 parachains. Additionally, Parity is adopting key datasets we developed into their internal data warehouse (DotLake).

3. Roadmap & Economics

Milestone 1 – Q1 ‘25: $351K Publish basic datasets and metrics for top 20 parachains on Google Web3 Marketplace and Token Terminal’s data platform.

Milestone 2 – Q2 ‘25: $354K Upgrade top 20 basic datasets and metrics to standardized format across both platforms.

Milestone 3 – Q3-Q4 ‘25: $300K Maintain standardized datasets and metrics for top 20 parachains across both platforms.

Total Grant Size: $1,005,000 (paid in USDT)

We look forward to your feedback and suggestions on this proposal. For more details, see the full proposal and attached deck ➡️ [here].

Thank you,
Token Terminal Team