Chainbase is an innovative and impactful full-chain data network in the Web3 field, with its native token being the C Token. In terms of financing, Chainbase completed a $15 million Series A funding round in 2024, led by Tencent and Matrix Partners China, with total financing reaching $18 million. Previously, in July 2022, it had raised $1.5 million in angel funding, backed by M77 Ventures. This strong capital support provides solid assurance for its technology research and development as well as ecological construction.
From a technical architecture perspective, Chainbase adopts a unique four-layer architecture that balances efficient processing with decentralized security. The data access layer integrates over 80 blockchains, including popular public chains like Ethereum and Solana, supporting unified access to real-time and historical data, and using zero-knowledge proofs (ZKP) to verify data integrity; the consensus layer is based on CometBFT and DPoS mechanisms, achieving second-level transaction finality, where validators must stake C tokens to maintain network security; the core of the execution layer is the Chainbase Virtual Machine (CVM), which supports parallel computing to handle complex data workflows, enhanced by the EigenLayer AVS to integrate Ethereum's restaking mechanism, strengthening decentralized security, with CVM's peak throughput reaching 500,000 QPS; the co-processing layer allows developers to define data transformation logic through the programmable framework Manuscript, converting raw data into AI-ready formats, and realizing knowledge monetization.
In terms of business data, Chainbase has impressive results. Currently, it supports over 220 blockchains, including both EVM and non-EVM chains, processing 600 million data queries daily, with API call volume ranking among the top in the industry. Its community has over 800,000 members, attracting more than 30,000 developers and connecting over 31 million wallet addresses. Since the project's inception, it has processed over 500 billion data calls, serving more than 8,000 developer projects.
The C Token serves as the core of the ecosystem, with a total supply of 1 billion tokens, an initial unlock of 16%. In terms of token distribution, 40% is allocated for ecosystem incentives, 20% to the team and advisors, 15% to investors, 15% for community airdrops, and 10% reserved for the foundation. The C Token has rich functionalities: it serves as a payment medium for data queries and API call fees, with 80% of the fees allocated to operators, 15% to developers, and 5% for burning to reduce supply, controlling the annual inflation rate to within 3%; validators and operators must stake C Tokens to participate in network maintenance, receiving block rewards and transaction fee sharing to ensure network security; holders have governance rights, able to vote on protocol upgrades and the use of the ecosystem fund. For instance, running a CVM node with staked C can yield 12 - 18% APY processing fees.
In terms of ecological cooperation, Chainbase has partnered with many projects. It acts as a validator for 10 top blockchains, protecting over $500 million in staked assets; collaborates with CARV to build an AI Agent ecosystem, supporting C/C/CARV dual rights proof; partners with Story Protocol to establish an IP data framework for digital copyright monetization; also provides on-chain data sources for Google Gemini, OpenAI, etc., promoting AI model training, ranking high on the RootData trend list in Q4 2024, and will appear alongside Ethereum and Solana at the 2025 Hong Kong Web3 Carnival, already integrated into applications like OKX Wallet and Gate Exchange.
Chainbase, with its innovative technology, strong data processing capabilities, reasonable token economic model, and extensive ecological cooperation, occupies an important position in the Web3 data field, dedicated to promoting the integrated development of blockchain and AI. It plans to achieve data monetization in the future, incentivizing users to share data, deepening AI data services, expanding the DeFAI ecosystem, and promoting the development of 'Data Finance' (DataFi), aiming to attract over 10 million builders through investments/acquisitions to build mass-market applications (such as on-chain identity, RWA).
