How the API of @Chainbase Official $C helps identify blockchain wallet identities
In the world of Web3, blockchain wallets are often seen as anonymous. However, on-chain activities leave data traces, and this is the foundation for tools like the Chainbase API to exploit in order to identify wallet identities.
The API of @Chainbase Official provides the ability to query blockchain data at a detailed level, from transaction history, interaction with smart contracts, to the relationships between addresses. By analyzing the flow of money, transaction frequency, as well as the tokens or NFTs that a wallet holds, Chainbase can build behavioral profiles for each address. This is a crucial step in classifying wallets: investors, developers, traders, or even wallets related to centralized exchanges.
One strength of #Chainbase is the ability to link multi-chain data. While many users interact across different blockchains, Chainbase helps consolidate that data into a single source, thereby creating a more comprehensive picture. For example, a wallet may not be very active on Ethereum but may be very active in DeFi on BNB Chain. The Chainbase API allows for the detection of this relationship.
In addition to behavioral analysis, @Chainbase Official also supports security applications. Wallet address labeling helps DeFi projects or exchanges identify high-risk wallets, spam wallets, or wallets related to hacks/phishing. As a result, the Web3 community can minimize damage from on-chain threats.
@Chainbase Official #Chainbase #C
