When observing an infrastructure project, one of the key concerns for investors is: where is its moat? Are there sufficient barriers to fend off newcomers? Chainbase's answer has gradually become clear in its technology and ecosystem.
First is the scale and integration of data. Chainbase has integrated over 200 public chains, handling hundreds of millions of API requests daily. This scale is not achieved overnight but is accumulated through long-term technological iterations and developer ecosystem building. For newcomers, replicating this scale and data depth in a short time is nearly impossible.
Second is the technological barrier. The Manuscript protocol is Chainbase's core innovation; it standardizes raw data from different chains into a unified format readable by AI. This not only addresses the issue of data fragmentation but also opens up a new track of "AI + on-chain data." In contrast, many similar projects remain at the "indexing" level and have not touched upon the "reconstruction" of data.
Furthermore, there is the ecological moat. Chainbase's services have been used by over 10,000 projects, and these projects will gradually form path dependence during their usage. Just like a company that has migrated its business to AWS or Azure finds it difficult to switch again. The stickiness of data infrastructure is often much stronger than it appears on the surface.
From an investment perspective, Chainbase's moat is not abstract but is a solid system composed of data scale, technological standards, and ecological dependence. This means it can attract funding and users in the short term while possessing long-term sustainable value.
Therefore, when we talk about Chainbase's investment potential, we should not only look at short-term price fluctuations but focus on whether it is building its own "irreplaceability." Currently, its moat is gradually becoming apparent, which is what investors should truly value.