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REPORT: Top Web3 tools that attracted the most fundraising in 2023

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Web3 tools and information platforms play a vital role in the Web3 ecosystem, offering developers and users the necessary resources to navigate and embrace the decentralized future. These tools and platforms encompass a wide range of applications, including analytics.

Analytics tools, for instance, focus on tracking and analyzing data from blockchain networks, decentralized applications (dApps), and smart contracts. Key features of Web3 analytics tools include data visualization, real-time monitoring, and the capability to track and analyze various metrics such as transaction volume, user behavior, network activity, and more.

Some popular Web3 analytics tools include Etherscan, CryptoQuant, Covalent, The Graph, Dune Analytics, and Nansen. Additionally, here is a comprehensive compilation of the top five Web3 protocols in the tools and information category that have raised substantial funds in the last three quarters of the year.

Q1 2023

Toku, a token-based payroll and tax compliance solution for crypto companies, led the first quarter with an impressive $30 million raised in seed funding. Following closely behind was Kaito, an AI-powered research platform for digital assets that harnesses terabytes of unstructured information, securing $5.3 million in funding.

Helika, a Web3 technology platform offering real-time analytics, successfully raised $4 million. 3RM, a sales tool for Web3 teams, secured $3.5 million in funding, while Trusta Labs attracted $3 million. Trusta Labs provides valuable insights into users’ engagement and value on Web3, including sybil risk.

Q2 2023

In the second quarter, Absolute Labs took the lead in the industry by securing $8 million in seed funding. Their goal is to develop a full-funnel Web3 CRM and marketing automation platform. Following suit, Kaito received $5.5 million from Series A funding.

ShelterZoom, a Web3 document management SaaS provider, secured the third position with a $5 million fund. Blocktorch and PYOR claimed the fourth ($4.2 million) and fifth ($5 million) positions, respectively.

Blocktorch offers an end-to-end dApp observability platform that empowers engineering teams to increase productivity, make data-driven decisions, and scale dApps. On the other hand, PYOR provides detailed analytics of the crypto market through its XRAY platform, catering to institutions and analysts.

Q3 2023

The top five projects in the third quarter are Anytype, Node40, CryptoQuant, CoinScan, and LunarCrush with $13.4 million, $12 million, $6.5 million, $6.3 million, and $5 million respectively.

Read also; L1 and L2 projects that attracted the most funding in 2023?

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