Blockworks’ research wing has launched a new on-chain analytics platform.
The platform’s aim is to provide data and analysis for an increasingly complex crypto ecosystem defined by its multiple layers. These include the core, layer-1 networks, followed by the layer-2s and 3s that comprise the world of open or decentralized finance.
With that complexity comes a demand for strong data. A 2021 Fidelity Digital Assets survey found that widespread concerns among institutions about volatility grew, in part, from a dearth of market intelligence.
“We realized there was a missing gap of affordable crypto products that provided on-chain data, detailed financials, profitability analyses, and protocol comparisons in one solution, which led us to create Blockworks Analytics,” said Tricia Lin, vice president of research for Blockworks.
The platform includes support for layer-1s like Bitcoin, Ethereum and Solana, as well as layer-2 protocols like Arbitrum. On-chain data streams include staking analytics and blockspace profitability, among others, with daily, weekly and monthly updates across an array of sources.
Blockworks Analytics was unveiled during the Permissionless crypto conference today in Austin, Texas.
“Protocols are simply on-chain businesses,” Blockworks co-founder Jason Yanowitz said in a statement. “As the industry has evolved, so has the need for sophisticated, trustworthy, and user-friendly data platforms that help investors make sense of these businesses.
The analytics platform builds on the work of Blockworks Research, launched last year. In May, Blockworks Research launched GovHub, a tool for tracking governance proposals across Web3 communities.
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