Binance Wallet has integrated with the RootData API to enhance the on-chain transaction experience.

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Author: Gu Yu, ChainCatcher

Following Binance Wallet's latest update last week, many users have noticed that the project information on the Dapp page has become exceptionally rich. Data from numerous dimensions, such as project introduction, team members, funding history and total amount, calendar events, and TVL, are readily available, allowing users to gain a more complete understanding of the project background before interacting on the blockchain.

This represents a significant upgrade to the wallet's user experience. According to information on the Binance Wallet page, all the project information comes from RootData. Some protocol security information also comes from Certik.

In fact, another leading wallet product in the industry, OKX Wallet, had already integrated RootData data, and the project introductions on many DApp pages come from RootData. This integration model is gradually becoming an industry trend: by using standardized data interfaces, it connects off-chain project information with vertical application scenarios, thereby reducing the cost for users to repeatedly search for information across different platforms.

According to RootData's official data, it currently has more than 220 API clients, including many well-known projects covering a wide range of scenarios such as Ethereum Foundation, OKX Wallet, CertiK, Gate, Blockworks, Amber Group, CMT Digital, TechFlow, BlockBeats, Mask Network, and Token Pocket.

Looking at its partners' use cases, RootData's data can generally be divided into three categories:

The first category is as AI corpus. With the rapid rise of AI agents in the field of encryption, reliable and structured data has become a crucial foundation for AI capabilities. The project funding, team members, and investment institutions information collected by RootData can provide credible reference material for AI systems, thereby enabling AI to achieve greater professionalism and accuracy when answering user questions and generating industry analyses. Clients in this category include Minara AI, Edgen, Million, Tearline, and Questflow.

The second category involves enriching project data within the platform. RootData allows projects to add information such as project introductions, teams, and funding details to a large number of projects on the platform without incurring excessive manpower and financial costs. This is especially beneficial for projects in the exchange, wallet, and media sectors, thereby significantly improving the user experience. Representative clients in this category include Binance Wallet, OKX Wallet, Gate, and Blockworks.

The third category is for internal research. RootData's rich project and investment data can help researchers provide reliable and detailed data support when analyzing industry trends and characteristics. For example, the Ethereum Foundation is using the RootData API to analyze the investment and financing situation of the Ethereum ecosystem.

The fourth category is business development leads. RootData provides several daily updated lists of popular projects and the latest projects to help users discover business development leads and accelerate business growth. For example, a well-known security company is using the RootData API to discover newly established projects and recently funded projects to obtain information on potential customers.

For a long time, off-chain information in the crypto industry has been characterized by fragmentation, lack of transparency, and non-standardization, creating information barriers for users to conduct investment research and judgment, and hindering the further popularization and spread of crypto.

Since its establishment in 2022, RootData has been committed to industry transparency and data standardization. It has accumulated approximately 20,000 projects and 10,000 investment and financing transactions, with more than 2 million users, making it one of the most credible and influential crypto data platforms in the crypto industry.

Its adoption by leading industry products and institutions such as Binance Wallet and the Ethereum Foundation is the best example of this. In 2024, RootData also completed a $1.25 million seed round of financing, led by the well-known traditional VC fund NLVC. In the "2024 Asia Pacific Crypto Venture Capital Research Report" released by ChainCatcher and Blocktempo in the same year , RootData was rated as the preferred data query and tracking platform for investors in the Asia Pacific region.

As the influence of project data grows, RootData has recently opened up functions such as project onboarding and self-maintenance of information. Building on the existing professional platform maintenance and user feedback system based on points incentives, it has further strengthened the foundation for data quality construction and maintenance.

Meanwhile, RootData has packaged a large amount of core data into skills this week and launched them on ClawHub, the official skill marketplace for the open-source AI assistant Openclaw, for free use by various AI agents. This means that RootData is not only a database platform, but is also beginning to become a data capability provider in the AI ecosystem, enabling structured and encrypted data to be embedded more naturally into various AI products.

As the demand for standardized and trustworthy data continues to rise in the AI era, and more and more leading crypto projects begin to adopt RootData data, this platform is gradually evolving into one of the important data infrastructures in the crypto industry, quietly embedding itself into every corner of the next-generation Crypto+AI infrastructure.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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