Token Analyst

Token Analyst was a London-based financial technology company that provided enterprise-grade data and analytics for the blockchain and cryptocurrency markets. Founded in 2017 by Jai Prasad and Sidharth Shekhar, the firm emerged from the Entrepreneur First accelerator program. The founders' objective was to address the lack of sophisticated tools for understanding cryptocurrency fundamentals, moving beyond simple price and market cap data. They recognized that analyzing on-chain transaction data could offer a much more comprehensive view of the crypto markets.

The company operated as a blockchain explorer, offering a platform and APIs that delivered insights into crypto assets. Its primary clients included hedge funds, institutional traders, and researchers who used the proprietary data to inform their investment strategies. The business model was centered on providing access to this data and analytics through its platform. Revenue was likely generated through subscriptions to its API and data services, which offered both real-time and historical information.

Token Analyst's core product was a suite of tools that provided detailed intelligence on blockchain activity. This included an analytics dashboard with charts for key metrics like exchange inflows and outflows, on-chain network statistics, and smart contract usage. The platform also offered managed nodes, giving clients JSON-RPC access to full nodes for multiple blockchains without the associated setup and maintenance overhead. A key feature was its comprehensive API, which covered over 150 different metrics across more than 50 crypto assets. These metrics included details on every block, transaction, token ownership centralization, and smart contract invocation, allowing users to analyze who was holding a token and how it was being used.

After more than two years of operation, Token Analyst announced in May 2020 that it would be shutting down its platform and APIs. The company's mission had been to bring greater transparency to the decentralized economy. Following the closure, founders Jai Prasad and Sidharth Shekhar, along with other team members, joined Coinbase to continue their work toward creating an open financial system.

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