RootData launches the first Web3 project popularity ranking, helping investors capture the most consensus-driven projects of the moment

Author: flowie, ChainCatcher
Editor: PY, ChainCatcher

Most investments in the Web3 space are essentially attention investments.

Crypto KOL @redphonecrypto has stated that a token's ability to attract attention is more important than other metrics. This bull market's meme coins have once again highlighted this truth over "value coins."

However, in the current environment where attention is fragmented and filled with noise, it is not easy to judge the true direction of attention. Users are often misled by marketing messages from social media platforms like X or false TVL data from project teams.

The Web3 market also lacks a more authoritative data analysis platform to guide users in attention investments.

To address these pain points, the Web3 asset data platform RootData has launched the first "Web3 Hot Projects Ranking." This popularity ranking uses 4.3 million real user behavior data to help users capture the true pulse of attention and improve the accuracy of their investment decisions.

4.3 Million User Behavior Multidimensional Data, Restoring the True Pulse of Attention

The "Web3 Hot Projects Ranking" is also a major feature launched based on the research and investment needs of RootData's ecosystem users.

As a trusted data layer in the Web3 ecosystem, RootData has built a large ecosystem user base by encapsulating on-chain and off-chain data of Web3 assets, achieving higher data structuring and readability.

Since its launch, RootData has accumulated over 2 million independent users, and its data has been cited multiple times by mainstream media such as The Wall Street Journal, CoinDesk, Cointelegraph, and Decrypt, as well as by crypto KOLs.

RootData is also continuously expanding its ecosystem, having partnered with dozens of well-known projects such as OKX, Tokenpocket, and 0xscope to establish a data network advantage.

With insights into the Web3 market and a large ecosystem user base, RootData secured $1.25 million in seed funding led by NLVC in April this year, with participation from Hong Kong-listed company Boyaa Interactive (00434.hk), Bonfire Union Ventures (a fund under Mask Network), Skyland Ventures, Orbiter Finance founder Gavin, and 0xScope co-founder Jackson.

Recommended Reading "RootData Secured $1.25 Million Seed Funding Round to Build a More Interactive Web3 Asset Data Layer"

After obtaining a large amount of Web3 user research behavior data and funding support, RootData hopes to give back the data to ecosystem users, restoring the true pulse of attention in Web3.

As crypto analyst Chen Jian stated, the current TVL data of many projects in the Web3 market is inflated because the comprehensive evaluation metrics for projects are too singular.

The "Web3 Hot Projects Ranking" built by RootData integrates multidimensional data indicators behind platform user behavior.

RootData's product manager CC stated that the ranking will be calculated in real-time based on weighted factors such as user search frequency, project click volume, user voting, and the popularity and influence on the X platform.

The "Web3 Hot Projects Ranking" is also a rare data platform that gathers the attention of both primary and secondary investors. RootData has not only established a comprehensive project database for the Web3 primary market but has also connected the secondary market and on-chain data.

The "Web3 Hot Projects Ranking" can more accurately and comprehensively reflect which projects are receiving more user attention, as well as the trends in investor attention and sentiment changes.

Although the "Web3 Hot Projects Ranking" integrates complex data content, it is user-friendly in terms of experience. In the past, users often needed to search for tutorials on platforms like X when first using Web3 products and their new features.

However, RootData's "Web3 Hot Projects Ranking" is straightforward; users can access it directly upon opening RootData, and even novice users can operate it immediately without any tutorials.

Real-time Sentiment Panel, Helping Users Refine Decision Granularity

Currently, the trading structure of the Web3 market is still primarily retail investor-driven, and in a retail-driven trading market, sentiment changes will be an important indicator for market investment reference. Helping investors establish sensitivity to the characteristics and trends of sentiment changes may effectively assist them in making wiser trading decisions.

However, the current market lacks real-time dashboards to track and visualize specific asset sentiment, quantifying potential opportunities or risks.

The "Web3 Hot Projects Ranking" launched by RootData is not just a simple comprehensive ranking of Web3 project popularity; it essentially quantifies the real-time data changes of Web3 asset sentiment and consensus.

The "Web3 Hot Projects Ranking" presents real-time investment sentiment changes in the market through sections like "24h Popularity Trend Chart," "Ranking Surge List," and "Today's Votes," helping users refine decision granularity and quickly identify potential opportunities.

RootData's product manager CC shared feedback from several public beta users' usage scenarios.

For example, tracking the "24h Popularity Trend Chart" or "Ranking Surge List" allows users to sense potential trading opportunities earlier.

CC revealed that some users noticed a steep curve in the 24h popularity trend of a certain project, and shortly after, that project released significant news.

Other users lock in on the "Ranking Surge List" daily, tracking the 20 projects with the fastest rising popularity, later finding that these projects were also among the most active in the following period.

Additionally, feedback from multiple public beta users indicated that compared to investing based on news from some social media channels, using tools like the "24h Popularity Trend Chart" provides a certain lead time, allowing for earlier decision opportunities for entry or exit.

Some users also analyze the competitive landscape of similar projects by comparing their popularity values.

Currently, investors generally prefer to analyze project competition in a certain sector through single data sources like DefiLlama. However, as mentioned earlier, the data often contains significant inflation, and some data collection times may lag, making it less real-time. Moreover, earlier projects are often not included in the statistics. Since investment in the Web3 field is sentiment-driven and highly volatile, it requires timely decision-making.

In contrast, RootData's "Web3 Hot Projects Ranking" updates every hour, not only responding to market sentiment more promptly but also ensuring that earlier projects are not overlooked.

Moreover, the ranking provides filtering options for segmented sectors and popularity statistics time intervals. Users can choose to compare popularity values of similar projects in different segments like "Infrastructure," "Layer2," and "DeFi," uncovering projects with more consensus within specific time frames, such as the last 24 hours or the past 7 days.

Users can also participate in co-creating asset sentiment. In the past, Web3 users could only understand and express their sentiment towards a certain asset project through occasional votes initiated by KOLs on the X platform.

RootData provides a voting section that users can participate in at any time. For popular projects on the "Web3 Hot Projects Ranking," users can vote to express their optimism or pessimism. This voting will also affect the popularity data statistics of the hot projects.

In addition to referencing popularity rankings or "24h Popularity Trend Curves" and other sentiment indicators, users can also view real-time updated segmented lists of recent financing, recent project dynamics, etc., to avoid missing any key nodes.

For example, users can obtain rankings of projects with the largest single financing amounts, gaining insights into the flow of funds in the primary market; they can also stay updated on important information such as project mainnet launches, testnet openings, and airdrop claims.

In addition to helping users keep up with market sentiment trends, RootData also allows users to access important investment information about primary and secondary market assets without needing to switch platforms.

With the launch of the "Web3 Hot Projects Ranking," RootData is virtually the first asset data platform in Web3 that supports co-creation and gives back data value to users.

In the current context where "information flow" driven crypto narrative investments are gradually losing effectiveness, RootData hopes to build an attention economy direction through over 4 million real user data, providing users with effective new investment perspectives and breaking down information silos to reduce information gaps.

RootData's product manager CC revealed that in the future, RootData will launch features suitable for voting scenarios for Telegram users, further enhancing the intelligence of public sentiment and search models, modularizing popularity values to cover more investment trading scenarios, and aiming to provide trustworthy trading decision data for over 400 million crypto investors, making investment simpler.