Binance Wallet has integrated with the RootData API to enhance the on-chain trading experience

Author: Gu Yu, ChainCatcher

After the recent update on Binance Wallet last week, many users found that the project information on the Dapp page has become exceptionally rich. Data across various dimensions such as project introduction, team members, funding history and total amount, calendar events, TVL, etc., are clearly presented, allowing users to form a more complete understanding of the project background before interacting on-chain.

This marks a significant upgrade in user experience for the wallet. According to the information displayed on the Binance Wallet page, all these project introduction data come from RootData. Additionally, some protocol security information is sourced from Certik.

In fact, another leading wallet product in the industry, OKX Wallet, has also integrated RootData data, with many Dapp project introductions sourced from RootData. This integration model is gradually becoming an industry trend: by standardizing data interfaces, it connects off-chain project information with vertical application scenarios, thereby reducing the cost for users to repeatedly search for information across different platforms.

According to official data from RootData, it currently has over 220 cumulative API clients, including well-known projects covering various scenarios such as Ethereum Foundation, OKX Wallet, CertiK, Gate, Blockworks, Amber Group, CMT Digital, TechFlow, BlockBeats, Mask Network, Token Pocket, and more.

Looking at the use cases of its partners, the applications of RootData data can typically be divided into three categories:

The first category is as AI training material. With the rapid rise of AI entities in the crypto field, reliable and structured data has become an important foundation for AI capabilities. Information on project financing, team members, investment institutions, etc., collected by RootData can provide trustworthy reference material for AI systems, enabling AI to have higher professionalism and accuracy when answering user questions and generating industry analyses. Representative clients in this category include Minara AI, Edgen, Million, Tearline, Questflow, and others.

The second category is enriching project data within platforms. RootData data allows projects to add project introductions, teams, financing, and other information without incurring excessive manpower and financial costs, especially for projects like exchanges, wallets, and media, significantly enhancing user experience. Representative clients in this category include Binance Wallet, OKX Wallet, Gate, Blockworks, and others.

The third category is for internal research. The rich project and financing data from RootData can assist researchers by providing reliable and detailed data support when analyzing industry trends and characteristics. For example, the Ethereum Foundation is using the RootData API to analyze the financing status of the Ethereum ecosystem.

The fourth category is as BD leads. RootData provides multiple daily updated lists of popular projects and the latest project listings, helping users discover BD leads to accelerate business development. For instance, a well-known security company is using the RootData API to identify newly established projects and recently funded projects to obtain potential client information.

For a long time, off-chain information in the crypto industry has faced issues of fragmentation, opacity, and non-standardization, creating certain information barriers for users conducting investment research and judgments, and restricting the further popularization and diffusion of crypto.

Since its establishment in 2022, RootData has been committed to industry transparency and data standardization. It has accumulated approximately 20,000 projects and 10,000 financing records, with over 2 million users, becoming one of the most credible and influential crypto data platforms in the industry.

The adoption by leading products and institutions such as Binance Wallet and the Ethereum Foundation serves as the best evidence of this. In 2024, RootData also completed a $1.25 million seed funding round led by the well-known traditional VC fund NLVC. In the same year, the "2024 Asia-Pacific Crypto Early Stage Investor Research Report" released by ChainCatcher and Blocktempo evaluated RootData as the preferred data query and tracking platform for investors in the Asia-Pacific region.

With the amplification of project data influence, RootData has recently opened up project onboarding and self-maintenance of information features, further solidifying the foundation for data quality construction and maintenance based on the original platform's professional maintenance and user feedback system incentivized by points.

At the same time, RootData has packaged a large amount of core data into Skills this week and launched them on the official skill market ClawHub of the open-source AI assistant Openclaw, available for free use by various AI agents. This means that RootData is not only a database platform but is also beginning to become a data capability provider within the AI ecosystem, allowing structured crypto data to be more naturally embedded into various AI products.

As the demand for standardized and trustworthy data continues to rise in the AI era, and as more leading crypto projects begin to adopt RootData data, this platform is gradually evolving into one of the important data infrastructures in the crypto industry, quietly embedding itself into every corner of the new generation of Crypto+AI infrastructure.