Footprint Analytics grows funding to $4.15M in seed plus round
Recent events in crypto have shown the importance of scrutinizing the fundamentals behind blockchain projects. However, getting clean data about users, transactions, pools, and more is impossible on most chains.
With its robust, easy-to-use charting platform, Footprint Analytics plans to make cross-chain analytics accessible to everyone, no matter which chain they want to explore.
The Singapore-based firm announces it has closed a $2.65 million Seed Plus round led by Matrix Partners and joined by Redpoint, A&T Capital, Hash Global, Waterdrip Capital, Lancer Capital, and Dual Epoch Capital, bringing its total fundraising to $4.15 million after a previous round led by IOSG.
“Throughout crypto market cycles, we are still firmly optimistic about the long-term market and consistently looking for opportunities in the ecosystem which bring intrinsic value. As a particularly important infrastructure, analytical tools have strong demand from on-chain users and the ability to succeed beyond cycles,” said Matrix.
“Footprint Analytics, as an outstanding on-chain analytical tool, is a user-friendly UGC tool that requires no coding skills. We believe that Footprint could become one of the most significant players in on-chain analysis in the future.”
While most competitors only provide single-chain analysis and unsemantic data, Footprint Analytics covers 17 chains, growing by 300% since the last round of funding in January. The number of transactions covered has also expanded from 1 billion to 95 billion in only 4 months. Footprint Analytics now covers 100K tokens’ prices, 500 DeFi protocols, and over 1000 GameFi projects.
Whereas some solutions with some cross-chain functionality require specialized coding skills to implement this capability, Footprint Analytics allows non-tech users to turn on-chain data into dashboards with a simple, drag-and-drop interface.
For developers, the platform supports Python as well as SQL and is relatively easy to adapt for custom, purpose-built analytics apps.
“For blockchain developers, Footprint Analytics is an indispensable tool for seeing all aspects of operational data, building trust among their community, and monitoring the competitive landscape,” said Wade Deng, VP of Engineering of Footprint. “For investors, now is the best time to dive deep into projects’ fundamentals with a lull in the market and create a solid, data-informed thesis about where to invest before the next reversal upward.”
Despite macro headwinds, the blockchain industry still saw many new projects in Q2, mainly in GameFi. Footprint Analytics is the first tool to provide in-depth analysis in the GameFi space, helping it double its users in 2 months as the sector grows in adoption.
As its platform sees more use, Footprint Analytics aims to become the go-to open-source community for blockchain analysis, where the community can contribute and share their data parsing and metrics.
About Footprint Analytics
Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and discover the value trend behind the project.
Disclaimer: This is a paid post and should not be treated as news/advice.