Token Flow raises $12m in Series A funding to expand its blockchain data platform
First close of Series A round with $12m committed
We are delighted to announce the first close of our Series A funding round with $12 million committed to date, and to welcome Electric Capital and Delta Blockchain Fund as incoming investors, alongside our existing Seed investor UDHC. We are also very happy to welcome Ken Deeter of Electric Capital to Token Flow’s Board.
Following the signing of the Series A commitment Ken Deeter, Partner at the round’s lead investor Electric Capital said:
As blockchain-powered applications proliferate, tools that enable deep analysis of on-chain data will become indispensable. By vastly simplifying complex analyses, we believe Token Flow’s data platform unlocks a new level of capability and efficiency for developers, investors, DAOs, and institutions. We are very excited to work with the team to help up-level the data sophistication of the entire Web3 ecosystem.
Following the closing of the funding round we are hiring for a number of openings across data engineering, DevOps, ecosystem development and more.
State history accelerates blockchain analysis
Existing blockchain data sources are limited and focus on basic data easily accessible from nodes.
Token Flow’s proprietary transaction processing technology enables what has always been considered impossible – full historical analysis of blockchain state.
Users can now easily analyze every smart contract variable, including hashmap keys and complex structures. This multiplies the productivity of data analysts, security researchers, and developers, allowing them to perform new types of valuable analysis that previously was difficult or infeasible.
At the same time this is more efficient than call and event based analysis and reduces the complexity and errors that are frequent with such an approach.
To get an early preview of the platform and test our datasets, visit our user guide.
Going multi-chain and increasing data coverage
With our beta program we launched datasets for Ethereum, Goerli and StarkNet and have already served tens of thousands of queries from DeFi protocols, centralized exchanges, DAOs, and analytics platforms. We expect to complete the beta program in Q4 2022, after which we will launch new datasets and analytical tools and also expand to new chains.
Currently we are working on Optimism, Arbitrum, zkSync, Polygon and Avalanche and we are expanding vertically as we add more higher level datasets with core objects (addresses, contracts, tokens, domains, pools, bridges, etc) and actions (mints, trades, liquidity movements, governance and more).
As we deliver our roadmap we look forward to helping our customers extract new and valuable insights from an expanding universe of blockchain data.
Optimism Data Warehouse is live(state and storage diffs included) We are thrilled to announce the latest addition to Token Flow’s comprehensive blockchain datasets – Optimism.
Imagine logging in to your bank to check your historic balance, but only seeing the history of your transactions, not your balance? You could go through all transactions and calculate your balance at any point in time, but it’s hardly the best way to do it.
This is how most analyses on Ethereum data work now. Direct querying becomes nearly impossible due to the way storage is organized. This is because memory locations are actually hashes of variable slots and keys, which are incomprehensible to most.
Ethereum Data Warehouse (EDW) has graduated from its extensive beta phase.