Binance Wallet has integrated 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 Dapp page's project information had become exceptionally rich. Project introductions, team members, financing history and totals, calendar events, TVL, and many other dimensions of data 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 information on the Binance Wallet page, all these project introduction data comes from RootData. Additionally, some protocol security information comes from Certik.

In fact, another leading wallet product in the industry, OKX Wallet, has already integrated RootData data, with many Dapp pages' 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 of users repeatedly searching for information across different platforms.

According to official data from RootData, it currently has over 220 cumulative API clients, including well-known projects covering many 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 usage scenarios of its partners, the uses of RootData data can generally be divided into four 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. The information collected by RootData on project financing, team members, investment institutions, etc., can provide trustworthy reference materials 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 expending excessive manpower and financial costs, especially for projects such as 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 help researchers provide 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 situation 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, which can help 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 financed projects to obtain potential customer 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 now accumulated approximately 20,000 projects, 10,000 financing records, and 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.

As the influence of project data expands, 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 existing professional maintenance of the platform and a user feedback system based on incentive 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.

With the increasing demand for standardized and trustworthy data 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.