The cryptocurrency asset data platform RootData officially launched version 2.0, aiming to make Web3 investment simpler

Author: RootData

Original Title: 《Crypto Data Platform RootData Officially Launches Version 2.0, Aiming to Make Web3 Investing Easier》

On February 23, RootData officially launched version 2.0, which aims to achieve the interconnection of on-chain and off-chain data, helping users gain a more comprehensive and in-depth understanding of project fundamentals, providing users with a powerful toolbox for industry research, trading clue mining, and more.

This will be a revolutionary experience upgrade in the Web3 data track, achieving an efficient integration of on-chain trading data and off-chain fundamental data. While users can view detailed and accurate project introductions, they can also check project token profiles, treasury/holding profiles, and the dynamic trading data flow of tens of thousands of real addresses. This also means that RootData is repackaging itself to become the data layer for Web3 assets.

Since the internal testing began in December 2022, RootData has long focused on off-chain data of assets, such as project introductions, teams, financing, news, etc., covering at least 22 categories in total, allowing users to understand the development status and background information of projects in detail. After processing millions of data points, RootData has established a mature model for data scraping, cleaning, and entry, continuously ensuring the authenticity and accuracy of the data with the help of professional data analysts and the community, presenting the most important and highly credible data information to readers.

As of mid-February, RootData has included over 11,000 crypto projects, 8,000 individuals, and 6,500 financing/acquisition information, and updates the on-chain and off-chain trading changes in real-time. This data is presented to users in a highly combinable UI, allowing users to choose to view "unreleased projects invested by Binance Labs," "RWA projects that have received financing," "Polygon ecosystem projects with financing amounts exceeding $1 million," and so on.

In addition, RootData has specially created a "collection" feature 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," "Ethereum Foundation grant projects," and "crypto projects holding a digital payment license in Singapore." Each user can also create their own exclusive Portfolio collection to track the projects they are interested in, thereby capturing trading signals in advance.

Through these practical features and a powerful data engine, RootData has received praise from various industry parties in the past period and has become the preferred asset query platform for many crypto asset investors, practitioners, and enthusiasts both inside and outside the industry, with a cumulative user base exceeding 1 million, and has been spontaneously cited by mainstream media such as The Wall Street Journal and Decrypt. Just as checking prices on Coinmarketcap or Coingecko has become a daily habit for many users, checking project financing and other comprehensive information on RootData has also become a common practice.

However, the previous data types of RootData could not cover all fundamental information of projects, especially for issued Token projects, which could somewhat affect users' information acquisition efficiency.

Therefore, in the latest released version, RootData has integrated multiple types of on-chain data, including project treasury holdings, Token flow, and Top holding address distribution, which can help users understand project Token flow and treasury scale more timely, thereby better supporting investment clue mining and trading decision-making.

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 the LDO token, and 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 inflows and outflows from exchanges.

At the same time, RootData has launched a dedicated tracker page where users can track the address dynamics of various entities and view them according to options such as above $10,000, $100,000, $1 million, etc., or by types such as exchanges, project treasuries, venture capital funds, individuals, and more. Currently, RootData's address label library has exceeded 30,000 entries.

Furthermore, users can click on any address to view all investment portfolios on that address's chain, including Token holdings, protocol holdings, NFT holdings, and recent transaction records, which can help users discover and track the address dynamics of smart money.

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/person to further understand its detailed information and dynamics. For example, if users see an unfamiliar token or protocol at a certain whale/institution address, they can click to the token's homepage to learn more about its introduction, team, and other background attributes.

The vast on-chain and off-chain data holds considerable treasure, but the current crypto market lacks sufficiently useful "shovels" to dig it out, which is the solution RootData provides. RootData is committed to making Web3 investment simpler from a data perspective.

In the future, RootData will further improve the design and development of this product, providing efficient, intelligent, precise, and comprehensive asset information to more users inside and outside the Web3 community with institutional-grade product standards, and offering corresponding tools for users to discover market dynamic signals within, becoming a new entry point into the Web3 world.