The data space in cryptocurrencies has recently become quite popular. You can measure this best by the consultancy given by Changpeng Zhao (CZ) to the VANA project.

$SXT, which came from Binance Launchpool and was listed, is one of the popular projects of recent times.

This project aims to bring a data-focused new standard to the infrastructure of Web3 by combining off-chain and on-chain data under a decentralized structure. It does this not with classic "oracle" solutions, but with a modern data layer supported by ZK (Zero-Knowledge) proofs.

SXT targets the problem of "data security, accuracy, and scalability" that institutional companies and Web3 developers have faced for years, focusing on the concept of data sovereignty.

This way:

It provides reliable data from the outside world to DeFi applications, real-time data flow to games and social platforms, and an on-chain + off-chain synthesized information source for AI projects.

The critical detail here: Thanks to ZK proofs, the accuracy of the data can be proven without revealing its content. So there is both privacy and transparency. These two rarely come together.