Data and Infrastructure in Digital Assets One of the crypto - - PowerPoint PPT Presentation

Data and Infrastructure in Digital Assets

• One of the crypto sub-sectors well poised to produce its own unicorns as

within other ecosystems

• More than 50 companies
• Over $286M raised with 44 deals completed
• $47.8M average per year and $6.5M per deal
• ‘17 and ’19 CAGR – 33%
• 850 employees
• Average of 17 employees per firm

Segmentation

• Infrastructure providers
• Blockchain-as-a-service products enabling developers

and businesses to build blockchain-enabled applications

• On-chain metrics providers
• Insights and analytics across various blockchain

networks

• Market data providers
• Price and trade- related data offerings on digital assets

across various trading venues and financial markets

Market 35% On-chain 31% Infrastructure 22% Other 12%

Infrastructure

• Service
• Blockchain node infrastructure services and developer tools
• Customers
• Enterprises, developers and hobbyists
• Challenges
• The resources required to hire skilled engineers, set up

physical servers, and regularly maintain blockchain nodes can be too costly for many small-scale startups

• Addressable market
• $50 million in 2019

CHALLENGERS LEADERS NICHE PLAYERS VISIONARIES

Bison Trails Bloq Amberdata Radar Settlemint Kaleido Blockdaemon QuickNode Infura Alchemy Blockset Blockcypher Skillz

Market

• Service
• OHLCV, order book, and trade data aggregated and pre-

processed to one API

• Customers
• Quant/algo traders, hedge funds, investment management

firms, investment banks, and retail

• Challenges
• Data normalization, no standard API format across

exchanges, balance between the redundancy and cost- effectiveness of data structure

• Addressable market
• $40M for enterprise solutions in 2019

Coin Gecko CoinPaprika skew TradeBlock Brave New Coin CoinMarketCap Cryptofinance CoinCodex CryptoCompare Kaiko CoinAPI Nomics Messari BitcoinAverage Amberdata Digital Asset Data Coin Metrics Cryptosheets CryptoAPIs

CHALLENGERS LEADERS NICHE PLAYERS VISIONARIES

CHALLENGERS LEADERS NICHE PLAYERS VISIONARIES

On-Chain

• Service
• Insights and analytics across various blockchain networks
• Customers
• Enterprises, retail, traders
• Challenges
• High operational costs (storage, node maintenance) and

hiring experienced engineers and analysts

• Addressable market
• $10M - $20M in 2019

Flipside Crypto Digital Assets Data Amberdata Alethio Covalent Bitfly Glassnode cmorq Coin Metrics Etherscan Trade Block TokenAnalyst Blockchair Elementus The Graph Bitquery Dune Analytics

Recent M&A

• CoinMarketCap
• ~$400m
• TokenAnalyst
• Undisclosed

Conclusion

• The total revenue opportunity of the entire data and infrastructure sector was around

$100M in 2019

• In comparison, financial market data spend broke $30 billion in each of the last two

years

• Bloomberg, Refinitiv, S&P Global Market Intelligence, and Moody's Analytics and

FactSet

• Consolidation
• Future looks bright for the digital asset data and infrastructure space

Q&A