The Chainbase project is specifically designed to provide on-chain data services for Web3 developers. Whether it is querying on-chain data, performing data analysis, or building applications that require blockchain data support, the tools provided by Chainbase are very convenient. Currently, it supports a wide range of public blockchains, covering from mainstream chains like Ethereum to some emerging public chains.

It is worth noting that Chainbase previously received funding led by Tencent. Although investment from a large company does not guarantee the project's success, it at least indicates that this direction is recognized by leading capital. Furthermore, if it can form synergies with the Tencent ecosystem in the future, it may bring more development opportunities, with significant potential for growth. #chainbase @ChainbaseHQ

Regarding its token $C, the total supply is 1 billion, and the current market circulation is still low. Platform services can be paid for with $C, enjoying certain discounts, and during the usage, some tokens will be burned. At the same time, holders can also participate in community governance, proposing suggestions and voting on platform upgrades.

With the development of Web3 applications, the demand for on-chain data will only grow. Platforms like Chainbase that provide underlying infrastructure can see a natural increase in the value of the $C token if user growth continues. With practical applications and support from large companies, it is indeed worth keeping an eye on. #ChainlinkUpdate