Until Binance just launched the 32nd Launchpad project Crypto data analysis platform Arkham (ARKM), everyone realized that temporary data tools can also become mainstream by issuing a coin, and even users do not need to have a wallet address interaction. They have the opportunity to receive airdrops through email registration and new user referrals.
The idea is open, since data tools can issue coins, what other commonly used tools have not issued coins yet?
Messari
On August 5, 2021, the cryptocurrency analysis platform Messari announced the completion of a Series A financing of $21 million, led by Point 72 Ventures, with participation from Coinbase Ventures, Uncork Capital, Underscore VC, Alameda Capital, Blockchain Ventures, CMS Holdings, Gemini Frontier Fund, etc.
On September 21, 2022, Messari announced the completion of a Series B financing of $35 million, led by Brevan Howard Digital, with participation from Morgan Creek Digital, FTX Ventures, Point 72 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 about cryptocurrency assets. It is dedicated to providing users with accurate, timely, and reliable cryptocurrency asset data, as well as in-depth research and insights into the cryptocurrency market.
Messari maintains an extensive cryptocurrency asset database, which includes detailed information about various cryptocurrencies, tokens, and blockchain projects. Users can access this data and receive real-time updates on market capitalization, supply, trading volume, prices, and other important indicators. It also employs various methods to validate 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 also publishes research reports and insights into various cryptocurrency markets. These reports provide in-depth analysis of project fundamentals, industry trends, and market trends, helping users better understand and evaluate cryptocurrency investment opportunities. Additionally, they offer advanced tools and services designed for institutional investors and professional traders. These tools include data APIs, real-time quotes and exchange data, as well as data subscriptions and custom solutions.
Messari aims to help investors, regulators, and the public understand this revolutionary new asset class and build data tools to drive informed decision-making and investment. They believe that cryptocurrencies will democratize information access, break down data silos, and ultimately provide tools for everyone to build wealth.
Nansen
Blockchain analytics platform Nansen announced the completion of a $1.2 million seed funding round in October 2020. 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 funding round. The round was 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 funding round. The round was 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 the functionality of their blockchain analytics platform to help users safeguard their cryptocurrency assets.
Nansen focuses on providing deep insights and data analysis on the Ethereum network. Their goal is to help users better understand and interpret activities and trends within the Ethereum ecosystem, enabling them to make wiser decisions.
As an Ethereum-based blockchain data analytics platform, Nansen leverages extensive data resources and advanced algorithms to track, analyze, and visualize information such as addresses, transactions, and smart contracts. They provide rich and accurate data to help users gain deep insights into various blockchain interactions and activities.
Nansen's main feature is its powerful address identification capability. By analyzing the historical transaction records, projects involved, and interaction patterns of addresses, Nansen can identify and classify addresses, providing users with detailed background information and insights into address behavior patterns. This ability is helpful for studying market trends, making investment decisions, and assessing risks.
In addition, Nansen also provides rich statistical data and insights. It can show the distribution of token holders, identify the activities of large traders, track project activity, and provide other key data about the Ethereum ecosystem. These data and insights are presented through interactive tools and charts, allowing users to visually understand and analyze the data.
Dune (formerly Dune Analytics)
Blockchain data analytics platform DUNE completed a $2 million seed funding round on September 23, 2020, with Dragonfly Capital as the lead investor and participation from Multicoin Capital, Coinbase Ventures, Alameda Research, Coingecko, and angel investors such as Stani Kulechov from AAVE and Matteo Leibowitz from Uniswap.
On August 12, 2021, Dune completed an $8 million Series A funding round led by Union Square Ventures, with participation from Redpoint Ventures, Dragonfly Capital, and Multicoin Capital.
On February 2, 2022, Dune raised $69.42 million in a Series B funding round, reaching a valuation of $1 billion, officially joining the unicorn club. The round was led by Coatue, with participation from previous investors Multicoin Capital and Dragonfly Capital.
Dune was founded in 2018 and launched in Oslo, Norway by Fredrik Haga and Mats Olsen in 2019. It is dubbed as the "Nansen for the masses" and serves as a blockchain data analytics 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 the pre-filled database of Ethereum data using simple SQL (Structured Query Language) queries, avoiding the need for individual scripts to traverse the data redundantly. Instead of writing a dedicated script, users can easily query the database and extract almost any information on the blockchain.
In essence, it is to enter all raw blockchain data into a SQL database, allowing all users to easily query. Functions such as "data search and query; creating new query requirements; creating visual charts and statistics" are all available for free. Users can use powerful visualization tools to transform query results into charts and graphs, for a more intuitive understanding and display of data. They can also create their own dashboards and queries and share them with other users. This allows users to collaborate and share insights within the community.
0x Scope
0x Scope is a Web3 knowledge graph protocol. On September 22, 2022, 0x Scope announced the completion of a $3 million seed funding round. This round of funding was led by Huobi co-founder Du Jun, accelerator and venture capital fund ABCDE founded by BMAN, Hash Global, and Liang Xinjun. It also had participation from 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 ChainNews.
0x Scope provides an innovative solution to jointly explore data from both Web2 and Web3 in a single product. It transforms the fragmented Web3 data into a well-organized knowledge graph, and enables the development of numerous data applications through the new data layer created by 0x Scope. Watchers is the first product supported by 0x Scope, which allows users to access enhanced due diligence, powerful address clustering tools, transaction monitoring, real-time event alerts, and financial risk control.
Glassnode
Glassnode is a blockchain data and intelligence platform that provides the most comprehensive on-chain and financial indicator library. Glassnode offers investors the tools needed to navigate in this emerging blockchain industry and helps users make wise decisions in an overly emotional and irrational market. The data and insights provided by Glassnode are trusted by leading global investors, hedge funds, banks, asset management companies, and cryptocurrency companies.
It provides the most comprehensive on-chain and crypto financial indicator library in the industry, easily accessible through a unified API. It focuses on the most liquid assets and sustainable networks in the industry: Bitcoin and Ethereum, as well as their token ecosystems. The platform and charting suite eliminate the abstraction of crypto data, allowing users to easily navigate, explore, and analyze industry data indicators through user-friendly tools and understandable visualizations.
Snapshot
Decentralized Autonomous Organization (DAO) governance solution provider Snapshot Labs announced in November 2021 that it has completed a $4 million financing round, 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, tens of thousands of addresses have initiated many meaningless votes on Snapshot. You can refer to BlockBeats' previous compilation of "DeepDAO Research: Who is Swiping Votes on Snapshot."
Firstly, the Optimism network (now renamed OP Mainnet) once airdropped 423.03 OP tokens to 82,239 active DAO governance participating addresses in the Ethereum ecosystem. Secondly, German crypto venture capital firm 1kx, which also led a $100 million strategic financing round for Safe (formerly Gnosis Safe), has participated in multiple rounds of zkSync financing. While Safe has issued tokens but has not yet opened for circulation, zkSync is currently a "high air-drop expectation" project that hunters must interact with.
In addition, Snapshot has also published articles explaining the next vision for decentralized sequencer (Sequencer). The answer to how to "decentralize" remains to be revealed.
Zerion
Web3 wallet tool Zerion completed a $8.2 million Series A financing round 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 financing round of $12.3 million. Wintermute Ventures led this round with participation from Mosaic, Coinbase Ventures, Alchemy, Placeholder, and others. The funds raised will be used to further develop their wallet product, enhance data analysis 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, their app offers non-custodial wallet functionality, allowing users to import their mnemonic phrase or generate a new wallet and conduct cross-chain and exchange transactions through the app.
It is worth mentioning that Zerion has launched a brand genesis NFT and a user-exclusive "Zerion DNA" NFT series. They also announced the merger of two NFTs earlier this year and created an advanced membership program, with DNA becoming a core part of the Zerion wallet experience.
Debank
Debank can be said to be in the same field as Zerion. In December 2021, DeBank, the all-in-one DeFi wallet, completed a $25 million equity financing round with 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 account socialization. In January 2022, Debank launched a Web3 social platform and Web3 ID functions, allowing users to follow whale trading dynamics, NFT market trends, track Mirror article updates, and monitor the real-time on-chain activities of their Web3 friends through the platform.
In October 2022, DeBank also launched the Web3 native communication app, DeBank Hi. Users can log in to the app with their wallet address and engage in Web3 community interactions. Based on this, DeBank also introduced a Twitter-like social platform called Stream, where mainstream Web3 projects can interact with users. The social applications DeBank Hi and Stream, which are extensions of the user's Web3 ID, also feature a tipping function implemented on the DeBank Layer 2. The project team has hinted at the possibility of "DeBank Chain" in the past. With the continuous improvement of social functions, DeBank Chain and "DeBank Coin" may be implemented simultaneously.
DefiLlama
DefiLlama is one of the authoritative data analysis websites 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, allowing users to directly query the operational data of Web3 projects through Chinese conversations.
Among many unreleased tool projects, DefiLlama may be the closest to launching its own token. In March of this year, 0x LLam, co-founder of DefiLlama, announced the token issuance for the project. However, this "declaration" was immediately opposed by other team members led by 0x ngmi. They 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 internal team decided to temporarily set aside the controversy, and the token issuance was abandoned.
