⚡️ The growth potential behind Chainbase in the AI & Big Data segment - Recently, Vana launched on Binance with a maximum increase of over 2200%; although there has been some pullback today.

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1 year ago

⚡️ Chainbase's Growth Potential Behind AI & Big Data Segments —

Recently, Vana launched on Binance with a peak increase of over 2200%; although there has been some pullback today, it demonstrates the enthusiasm and pursuit of the market and VCs for AI projects.

Training and optimizing AI models require a large amount of high-quality data. As a pioneer in data DAOs, Vana has attracted significant attention, but its applications are mainly focused on data governance and user rights.

The AI & Big Data market is another very important direction that forms the foundation of the AI track —

The AI & Big Data category has grown from a total market value of $1.5 billion at the beginning of the year to $7 billion, becoming one of the fastest-growing sectors in the crypto industry.

What Chainbase is doing is this;

By building the world's largest full-chain data network, it provides a broader data infrastructure, unifying scattered on-chain data and significantly reducing the complexity and cost of mining on-chain data value, offering an open and transparent data interaction foundation and data interoperability layer for the future AI era, opening up infinite possibilities for the integration of AI and Web3;

We can see the highlights of the Chainbase network data from this dashboard:

1) Chainbase Genesis has now connected 31,161,249 wallets;

2) 619,236 ETH staked to Chainbase AVS;

3) Over 600 million API calls per day;

4) More than 30,000 developers actively using Chainbase, with over 8,000 projects using it as their data backend.

Just as Databricks built a big data processing and analysis platform through the open-source technology of Apache Spark, Chainbase has made similar innovations in the cryptocurrency field.

Traditional data processing methods are not entirely suitable for the characteristics of blockchain data in cryptocurrencies, so Chainbase has developed a unique streaming data warehouse.

This streaming data warehouse has become the underlying infrastructure of the Chainbase Data Network, specifically designed for the real-time and complexity of blockchain data. Similar to Databricks, Chainbase provides efficient and scalable data processing and analysis tools for cryptocurrency and blockchain projects, making it the AI infrastructure in the Crypto field.

Chainbase is not just a data service provider but a key infrastructure for AI development in the cryptocurrency industry, possessing the potential and influence of an AI unicorn.

In contrast to the outstanding performance of on-chain data niche markets like The Graph ($GRT) and Arkham ($ARKM), Chainbase clearly defines its unique position in the market: it is not only a data provider but also a platform that provides data infrastructure for AI and blockchain applications. Its growth potential relies not only on the increasing market demand for high-quality on-chain data but also on its continued investment and innovation within the developer community.

Compared to the multi-billion dollar valuations of The Graph ($GRT) and Arkham ($ARKM), Chainbase appears to be more competitive;

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