Chainbase is an innovative and influential full-chain data network in the Web3 field, with its native token being the C token. Since its establishment in Singapore in 2021 by Mogu (Founder and CEO) and Chris Feng (Co-founder and COO), it has achieved a series of significant results.
In terms of financing, Chainbase completed $15 million in Series A funding in 2024, led by Tencent and Jeneration Capital China, with total funding reaching $18 million. Previously, it secured $1.5 million in angel funding in July 2022 from M77 Ventures. This strong capital support provides a solid foundation for its technology research and ecological development.
From a technical architecture perspective, Chainbase adopts a unique four-layer architecture that balances efficient processing and 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 while utilizing zero-knowledge proofs (ZKP) to verify data integrity; the consensus layer is based on CometBFT and DPoS mechanisms, achieving second-level transaction finality, with validators required to stake C tokens to maintain network security; the execution layer's core is the Chainbase Virtual Machine (CVM), which supports parallel computing to handle complex data workflows, integrating Ethereum's restaking mechanism via EigenLayer AVS to enhance decentralized security, with the CVM's peak throughput reaching 500,000 QPS; the co-processing layer allows developers to define data transformation logic through a programmable framework called Manuscript, converting raw data into AI-ready formats and enabling knowledge monetization.
In terms of business data, Chainbase has impressive achievements. Currently, it supports over 220 blockchains, including EVM and non-EVM chains, processing 600 million data queries daily, with API call volumes 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 over 8,000 developer projects.
The C token serves as the core of the ecosystem, with a total supply of 1 billion tokens and an initial unlock of 16%. In terms of token distribution, 40% is used for ecosystem incentives, 20% is allocated to the team and advisors, 15% is given to investors, 15% is for community airdrops, and 10% is 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 fees going 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 and receive block rewards and fee sharing to ensure network security; holders have governance rights and can vote on protocol upgrades and the use of the ecosystem fund. For example, running a CVM node with staked C can earn 12 - 18% APY processing fees.
In terms of ecological cooperation, Chainbase has partnered with numerous projects. It serves 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 proof of stake; partners with Story Protocol to construct an IP data framework for digital copyright monetization; and provides on-chain data sources for Google Gemini and OpenAI, promoting AI model training, ranking high on the RootData trend list in Q4 2024, and showcasing alongside Ethereum and Solana at the 2025 Hong Kong Web3 Carnival, already integrated into applications like OKX Wallet and Gate Exchange.
With innovative technology, strong data processing capabilities, a reasonable token economic model, and extensive ecological cooperation, Chainbase occupies an important position in the Web3 data field, committed to promoting the integrated development of blockchain and AI. Future plans include achieving data monetization, incentivizing users to share data, deepening AI data services, expanding the DeFAI ecosystem, and promoting the development of 'Data Finance' (DataFi) through investments/acquisitions to build mass-market applications (such as on-chain identity and RWA), aiming to attract over 10 million builders.
