#chainbase #chainbasehq

How to understand the chainbase project?

1. Industry Position:

Data indexer that can convert blockchain data into structured, easily retrievable information, helping on-chain applications obtain data. Currently, it is mainly used in financial scenarios, such as in the DeFi sector where real-time trading pair data can be accessed.

2. Data indexers are considered a high-quality sector.

There are practical application scenarios; DeFi and NFTs are core application areas in the crypto market, regarded as necessities. In recent years, the rapid development of RWA will greatly drive the demand for on-chain data queries. By linking token burning with query scenarios, it can achieve supply-demand balance in token economics, allowing tokens to capture value. In the future, with the expansion of the Web3 world, data indexers may emerge as projects worth tens of billions.

3. Solid financing background.

Projects launched by traditional Chinese Web2 institutions, including Jingwei, Tencent, and XVC, have gathered many well-known T1-T2 investment institutions from China.

4. Comparison with similar projects:

$SXT : A project backed by Microsoft and Samsung, with funding of 30 million USD and an FDV of 428 million.

$GRT : Industry leader, FDV of 1 billion USD, with indexing times exceeding 5.3 billion in Q3 2024, capturing a major market share.

$C : Funded 15 million USD, currently with an FDV of 300 million USD.

5. Overall conclusion on C tokens:

The sector is promising; the current valuation is slightly high, with a reasonable token price around 0.2.