On July 10th, 2023, Binance launched its 32nd Launchpad project, Arkham (ARKM). Arkham is a cryptocurrency intelligent analysis platform that provides a comprehensive view of entity or address activity, including transaction history, holdings, balance history, profit and loss, exchange usage, and top counterparties. Arkham is a chain data analysis tool that we often use, and by issuing coins, more users can understand this field. "Have you used Arkham? If not, quickly use my registration invitation link to get an airdrop."
Later, Arkham officials announced that their airdrop had been snapshot on July 8th and will be open for application on July 18th. This news immediately calmed the FOMO sentiment in the community. If you missed Arkham, what other on-chain data analysis tools are yet to be launched? Let's try to find the remaining opportunities.
On August 5th, 2021, Messari, a cryptocurrency analysis platform, announced the completion of a $21 million Series A funding round. The round was led by Point72 Ventures, with participation from Coinbase Ventures, Uncork Capital, Underscore VC, Alameda Capital, Blockchain Ventures, CMS Holdings, Gemini Frontier Fund, and others.
On September 21, 2022, Messari, a cryptocurrency analysis platform, announced the completion of a $35 million Series B funding round. The round was led by Brevan Howard Digital, with participation from Morgan Creek Digital, FTX Ventures, Point72 Ventures, Kraken Ventures, Uncork Capital, Underscore VC, Galaxy, and Coinbase Ventures.
Messari is a cryptocurrency analysis platform and research institution that aims to provide comprehensive and transparent information on cryptocurrency assets. It is committed to providing users with accurate, timely, and reliable data on cryptocurrency assets, as well as in-depth research and insights into the cryptocurrency market.
Messari maintains an extensive cryptocurrency asset database, which includes detailed information on various cryptocurrencies, tokens, and blockchain projects. Users can access this data and receive real-time updates on market capitalization, supply, trading volume, price, and other important indicators. Multiple methods are used to verify the accuracy and reliability of the data, including collaboration with project teams, integration with API data sources, and analysis of on-chain data.
The team at Messari has also released various research reports and insights on the cryptocurrency asset market. These reports provide in-depth analysis of project fundamentals, industry trends, and market trends, helping users better understand and evaluate investment opportunities in cryptocurrency assets. In addition, they offer advanced tools and services designed specifically for institutional investors and professional traders. These tools include data APIs, real-time quotes and exchange data, as well as data subscriptions and customized solutions.
Messari hopes to help investors, regulatory agencies, and the public understand this revolutionary new asset class, and build data tools to drive wise decisions and investments. Messari believes that cryptocurrency will democratize information access, break down data silos, and ultimately provide tools for everyone to build wealth.
The blockchain analysis platform Nansen announced in October 2020 that it had completed a $1.2 million seed round of financing. The round was led by Mechanism Capital and Skyfall Ventures, with participation from Robot Ventures, Fabric Ventures, Sparq, Volt Capital, CTF Capital, Blockrock Capital, and others.
On June 29, 2021, Nansen completed a $12 million financing round led by a16z, with participation from Skyfall Ventures, Coinbase Ventures, imToken Ventures, Mechanism Capital, and QCP Capital.
On December 16, 2021, Nansen completed a $75 million financing round led by venture capital firm Accel, with participation from Andreessen Horowitz, Tiger Global, and others. The funds raised in this round will be used to expand its blockchain analysis platform's capabilities to help users protect their cryptocurrency assets.
Nansen focuses on providing in-depth insights and data analysis on the Ethereum network. Its goal is to help users better understand and interpret the activities and trends within the Ethereum ecosystem, in order to make more informed decisions.
Nansen's main feature is its powerful address identification ability. By analyzing the historical transaction records, participation in projects, and interaction patterns of addresses, Nansen can identify and classify addresses, and provide users with insights into the detailed background and behavioral patterns of addresses. This ability is helpful for researching market trends, making investment decisions, and assessing risks.
The blockchain data analysis platform DUNE completed a $2 million seed round of financing on September 23, 2020. Dragonfly Capital led the investment, with participation from Multicoin Capital, Coinbase Ventures, Alameda Research, Coingecko, and angel investors such as Stani Kulechov, the founder of AAVE, and Matteo Leibowitz from Uniswap.
On August 12, 2021, Dune completed an $8 million Series A financing round, led by Union Square Ventures, with participation from Redpoint Ventures, Dragonfly Capital, and Multicoin Capital.
On February 2, 2022, Dune completed a Series B financing of $69.42 million, with a valuation of $1 billion, officially joining the unicorn club. The lead investor in this round of financing is Coatue, with participating investors including Multicoin Capital and Dragonfly Capital, among other institutions that have previously invested in the company.
Dune was founded in 2018 and launched in Oslo, Norway in 2019 by Fredrik Haga and Mats Olsen. It is nicknamed the "people's version of Nansen" and serves as a blockchain data analysis platform and research tool that can be used to query, extract, and visualize massive amounts of Ethereum data. It is a web-based platform that allows users to query pre-populated databases of Ethereum data using simple SQL (Structured Query Language) queries, avoiding the need for individual scripts to traverse data and redundant transactions. Users can easily query the database and extract almost any information on the blockchain without having to write a dedicated script.
Essentially, it is to collect all unprocessed blockchain data and enter it into a SQL database, allowing all users to easily query. Functions such as "data search and query, writing new query requirements, creating visual icons and statistical data" can all be used for free. Users can use powerful visualization tools to convert query results into charts and graphics for a more intuitive understanding and display of data. At the same time, they can create their own dashboards and queries and share them with other users. This allows users to collaborate and analyze in the community and share insights.
0xScope is a Web3 knowledge graph protocol. On September 22, 2022, 0xScope announced the completion of a $3 million seed round of financing. This round of financing was jointly led by Huobi co-founder Du Jun, accelerator and venture capital fund ABCDE founded by BMAN, Hash Global, and Liang Xinjun. Bonfire Union, a venture capital firm under Mask Network, and Bodl Ventures, an early-stage venture capital firm founded by Liu Feng, former editor-in-chief of Chain News, also participated in the investment.
0xScope provides an innovative solution that allows for the exploration of data originating from both Web2 and Web3 in a single product. This can transform the decentralized data of Web3 into well-organized knowledge graphs, and a multitude of data applications can be developed based on the new data layer created by 0xScope. Watchers is the first product supported by 0xScope, which enables users to access enhanced due diligence, powerful address clustering tools, transaction monitoring, real-time event alerts, and financial risk control.
Glassnode is a blockchain data and intelligence platform that provides the most comprehensive on-chain and financial indicator library. Glassnode provides investors with the tools they need to navigate this emerging blockchain industry and helps users make informed decisions in an overly emotional and irrational market. At the same time, Glassnode's data and insights are trusted by leading investors, hedge funds, banks, asset management companies, and cryptocurrency companies around the world.
Provide the most comprehensive on-chain and crypto financial indicators library in the industry, easily accessible through a unified API. Focus on the most liquid assets and sustainable networks in the industry: Bitcoin and Ethereum, as well as their token ecosystems. The platform and chart suite eliminate the abstraction of crypto data, allowing users to easily navigate, explore, and analyze industry data indicators through user-friendly tools and easy-to-understand visualizations.
The decentralized autonomous organization (DAO) governance solution provider Snapshot Labs announced the completion of a $4 million financing round in November 2021. The round was led by 1kx, with participation from Coinbase Ventures, StarkWare, MetaCartel, Gnosis, and Scalar. The funds from this round will be used to further optimize the existing DAO governance solution.
As perhaps the most well-known platform for on-chain governance voting in various projects, tens of thousands of addresses have initiated many meaningless votes on Snapshot, as referenced in BlockBeats' previously compiled "DeepDAO Research: Who is Cheating Votes on Snapshot".
First of all, Optimism Network (now renamed as OP Mainnet) airdropped 423.03 OP tokens to 82,239 active DAO governance addresses in the Ethereum ecosystem. Secondly, German crypto venture capital firm 1kx led the $100 million strategic financing round for Safe (formerly Gnosis Safe), and also participated in multiple rounds of zkSync financing. Safe has issued tokens but has not yet opened for circulation, while zkSync is currently a highly anticipated project among airdrop hunters that requires interaction.
In addition, Snapshot has also published articles explaining the next vision for decentralized sequencers. However, the answer to how to "decentralize" is yet to be revealed.
Web3 wallet tool Zerion completed an $8.2 million Series A financing in July 2021, led by Mosaic Ventures with participation from Placeholder, Digital Currency Group, Lightspeed Venture Partners, Blockchain.com Ventures, and others.
In October 2022, Zerion completed a Series B funding round of $12.3 million, led by Wintermute Ventures, with participation from Mosaic, Coinbase Ventures, Alchemy, Placeholder, and others. The funds from this round will be used to further develop its wallet product, enhance data analytics capabilities, and provide users with a more intuitive display interface.
Currently, Zerion supports tracking services for wallet addresses on 11 different blockchain networks. In addition, its app provides non-custodial wallet functionality, allowing users to import mnemonic phrases or generate wallets and conduct cross-chain and exchange transactions through the app.
It is worth noting that Zerion has launched its own brand of Genesis NFTs and a user-exclusive "Zerion DNA" NFT series. This year, they announced the merger of two NFTs and the creation of a premium membership plan. DNA will become a core part of the Zerion wallet experience.
Debank can be said to belong to the same track as Zerion. In December 2021, the all-in-one DeFi wallet DeBank completed a $25 million equity financing at a valuation of $200 million. Sequoia China led the investment, with participation from Dragonfly, Hash Global, Youbi, Coinbase Venture, Crypto.com, Circle, and Ledger.
Compared to Nansen's depth in data analysis and Zerion's focus on wallet integration, Debank seems to have gone further in the field of account socialization. In January 2022, Debank launched a Web3 social platform and Web3 ID function, allowing users to follow whale trading dynamics, NFT market trends, track Mirror article updates, and monitor real-time on-chain activities of Web3 friends through the platform.
In October 2022, DeBank launched its Web3 native communication application, DeBank Hi. Users can log in to the application and engage in Web3 community interaction through their wallet address. Based on this, DeBank also launched a Twitter-like social platform called Stream, where mainstream Web3 project parties can interact with users. The social applications DeBank Hi and Stream, which are extended from the user's Web 3 ID, also have a tipping function. This function is based on DeBank Layer2 and the project party previously hinted at the possibility of "DeBank Chain". With the continuous improvement of social functions, it is believed that DeBank Chain and "DeBank Coin" may be implemented synchronously.
DefiLlama is one of the authoritative websites for project data analysis in the DeFi field. In addition, the platform also provides DeFi yield aggregation information, project token unlocking information, stablecoin issuance data, Ethereum liquidity staking and other information analysis services. Recently, DefiLlama has also launched the ChatGPT-4 plugin, which allows users to directly query the operational data of Web3 projects through Chinese dialogue.
Among many unreleased currency tool projects, DefiLlama may be the closest to launching. In March of this year, 0x LLam4, co-founder of DefiLlama, announced the issuance of tokens for the project. However, this "declaration" was immediately opposed by other members of the team, led by 0x ngmi, who believed that fundamentally, the token had no value because DefiLlama is not a protocol and the token cannot legally become a form of equity. In the end, the team decided to temporarily shelve the controversy and the issuance of tokens was put on hold.
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