Author: RootData

On February 23, RootData officially launched version 2.0, which is dedicated to achieving the interconnection of on-chain and off-chain data, helping users to have a more comprehensive and in-depth understanding of project fundamentals, and providing powerful toolkits for industry research and trading clues for users.

This will be a revolutionary upgrade experience in the Web3 data track, achieving efficient integration of on-chain transaction data and off-chain fundamental data of assets. Users can now view detailed and accurate project introductions, as well as project token profiles, treasury/position profiles, and real-time transaction data flow from thousands of physical addresses. This also means that RootData is repackaging itself and becoming the data layer of Web3 assets.

Since the start of internal testing in December 2022, RootData has been focusing on off-chain data of assets, such as project introductions, teams, financing, news, etc., totaling at least 22 categories, allowing users to have a detailed understanding of the project's development status and background information. After refining through the processing of millions of data, RootData has now established a mature model for data acquisition, cleaning, and entry, and with the help of professional data analysts and the power of the community, continuously ensures the authenticity and accuracy of the data, presenting the most important and highly credible data information to readers.

As of mid-February, RootData has already included over 11,000 crypto projects, 8,000 individuals, and 6,500 pieces of investment/merger information, and continuously updates the on-chain and off-chain transaction changes of assets. These data are presented to users in a highly combinational UI, for example, users can choose to view "Unreleased projects invested by Binance Labs," "RWA projects that have received financing," "Polygon ecological projects with financing amounts exceeding 1 million US dollars," and so on.

In addition, RootData has also specially created the "Collection" function to establish information lists for projects with certain common attributes, such as "List of crypto projects that died in 2022," "Crypto projects founded by Tsinghua University alumni," "Projects funded by the Ethereum Foundation," and "Crypto projects holding a digital payment license in Singapore." Each user can also create their own exclusive Portfolio collection to track projects they are interested in and capture trading signals in advance.

With these practical features and a powerful data engine, RootData has received praise from various parties in the industry over the past period and has become the preferred asset query platform for numerous crypto asset investors, practitioners, and enthusiasts both inside and outside the circle. The cumulative number of users has exceeded 1 million and has been spontaneously quoted by mainstream media both inside and outside the circle, such as The Wall Street Journal and Decrypt. Just as checking prices on Coinmarketcap and Coingekco, checking comprehensive information such as project financing is now a daily habit for many users on RootData.

However, the previous data types of RootData could not cover all the fundamental information of projects, especially for projects with issued tokens, which will also affect the efficiency of users' information acquisition to a certain extent.

Therefore, in the latest release, RootData has integrated multiple types of on-chain data, including project treasury holdings, token flows, distribution of top holding addresses, etc., to help users understand the project's token flows and treasury scale in a more timely manner, thus better supporting the discovery of investment clues and trading decision-making behavior.

Taking Lido as an example, users can see the real-time holding value of its treasury, as well as the real-time on-chain dynamics of LDO tokens, the list of top holders, including relevant operations of well-known investment institutions and individuals. In the future, this area will also add overall statistics on the inflow and outflow quantities of exchanges.

At the same time, RootData has also launched a dedicated tracker page where users can track the dynamic of various entity addresses and view them based on options such as over $10,000, $100,000, $1 million, etc., as well as by type such as exchanges, project treasuries, venture capital funds, individuals, etc. Currently, the number of address labels in RootData has exceeded 30,000.

Furthermore, users can click on any address to view all investment portfolios on that address, including token holdings, protocol holdings, NFT holdings, and recent transaction records, to help users discover and track the dynamic of smart money addresses.

Compared to other on-chain address tracking platforms, RootData's feature lies in providing users with richer data information and higher data readability. When users see any entity label, they can click to the homepage of the project/institution/individual to further understand their detailed information and dynamics. For example, if a user sees an unfamiliar token or protocol at a whale/institution address, they can click to the token's homepage to further understand its introduction, team, and other background attributes.

The vast on-chain and off-chain data contains extremely valuable treasures, but the crypto market currently lacks sufficiently user-friendly "shovels" to excavate them, and this is the solution provided by RootData. RootData is committed to making Web3 investment simpler from the data level.

Next, RootData will further improve the design and development of the product, and provide efficient, intelligent, accurate, and comprehensive asset information with institutional-level product standards for more users inside and outside the Web3 circle, and provide corresponding tools for users to discover market dynamic signals, becoming a new entry point for the Web3 world.

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