Crypto Data Platform RootData Officially Launches Version 2.0, Aiming to Make Web3 Investing Easier
Author: RootData
On February 22nd, RootData officially launched its version 2.0. It is dedicated to achieving seamless interconnectivity between on-chain and off-chain data to help users gain a more comprehensive and in-depth understanding of project fundamentals. This release serves as a powerful toolbox for industry research and trading signal discovery.
This marks a revolutionary upgrade in the Web3 data arena, realizing the efficient integration of on-chain transaction data with off-chain fundamental data. Users can access detailed and accurate project introductions, including token overviews, treasury/holding summaries, and transaction flows for tens of thousands of entity addresses. This signifies RootData’s re-packaging and positioning as the data layer for Web3 assets.
Since its beta in December 2022, RootData has focused on off-chain data, such as project introductions, teams, financing, news, etc., covering at least 22 categories, allowing users to understand the development status and background information of projects thoroughly. After processing millions of data, RootData has established a mature model for data extraction, cleaning, and entry, ensuring data authenticity and accuracy with the help of professional analysts and the community, presenting the most important and credible information to its audience.
By mid-February, RootData had cataloged over 11,000 crypto projects, 8,000 personalities, and 6,500 financing/M&A details, updating asset transactions on and off-chain in real-time. These data are presented through a highly composite UI for user access and utilization, enabling users to explore various filters like “projects unissued tokens invested by Binance Labs,” “RWA projects have secured financing,” or “Polygon ecosystem projects with funding over $1M.”
Moreover, RootData has crafted a “Archives” feature, creating lists of projects with common attributes, such as “crypto projects died in 2022,” “crypto projects founded by Tsinghua University alumni,” “Ethereum Foundation grant projects,” and “crypto projects holding a Singapore digital payment license.” Users can also create their Portfolio collections to track projects of interest and capture trading signals ahead of time.
With these practical features and a powerful data engine, RootData has received acclaim from various sectors over time, becoming the go-to asset inquiry platform for many investors, practitioners, and enthusiasts inside and outside the crypto circle. It has surpassed 1 million users and has been spontaneously cited by mainstream media such as The Wall Street Journal and Decrypt. Just as Coinmarketcap and Coingecko are used for price checks, RootData has become a habitual source for comprehensive project financing and other information for many users.
However, RootData’s previous data types did not cover all fundamental information of projects, especially those with issued tokens, potentially affecting users’ efficiency in accessing information.
Therefore, in the 2.0 version, RootData integrated multiple types of on-chain data, including project treasury holdings, token flows, and top holder address distributions, enabling users to timely understand the flow and scale of project tokens, thereby better supporting investment clue discovery and trading decisions.
Taking Lido as an example, users can see its treasury’s real-time holding value and the real-time on-chain dynamics of the $LDO, including operations by well-known investment institutions and individuals. RootData plans to expand this area by adding overall statistics on exchanges’ inflows and outflows.
RootData has also introduced a dedicated tracker part, allowing users to follow the dynamics of various entities’ addresses and filter them by transactions exceeding $10,000, $100,000, $1,000,000, etc., or by exchanges, project treasuries, venture capital funds, individuals, etc. Currently, RootData’s address tag library exceeds 30,000.
Further, users can click on any address to view its entire on-chain investment portfolio, including token holdings, protocol stakes, NFT holdings, and recent transaction records, aiding in discovering and tracking smart money address dynamics.
Compared to other on-chain address tracking platforms, RootData stands out by offering richer data information and higher data readability. When viewing any entity tag, users can further explore detailed information and dynamics by clicking through to the project/institution/individual’s homepage. For instance, upon encountering an unfamiliar token or protocol at a whale/institutional address, users can click through to its homepage for more detailed background information.
The vast amount of on-chain and off-chain data harbors considerable treasures, yet the crypto market lacks sufficiently effective “shovels” for exploration. RootData provides a solution by striving to simplify Web3 investing from a data perspective.
Moving forward, RootData will continue to refine its product design and development, offering institutional-grade standards to provide more Web3 users inside and outside the circle with efficient, intelligent, precise, and comprehensive asset information. It aims to supply the necessary tools for users to unearth market dynamic signals, becoming a new gateway into the Web3 world.
