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MICROSCOPE

Open source blockchain metadata protocol

Ming Jiang

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What do we mean by Metadata?

  • Ground Truth
  • Inferenced
  • Third Party
  • Regulation

Various Sources

  • Investors
  • Chain / Protocol Founding Teams
  • Traders
  • Investigators

Different Users

Metadata:

Additional information associated with addresses, protocols & activities

  • On-chain entities: bridging, L1, Miner, Mixer, Oracle, Dex, DAO …
  • Behaviors / Characteristics : Lending, Laundering, Privacy

Many Categories

MICROSCOPE - OPEN SOURCE BLOCKCHAIN METADATA PROTOCOL

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Metadata is critical to generate crypto insights in many fields

As a protocol founding team or investor, I want to better understand user profiles and activities (for appropriate incentivization/token allocation) on similar projects.

  • $10B + in capital allocated via airdrops in 2022-2023
  • Over $1B in token incentives given via DeFi over the past year

Competitive Analysis

As a trader, I want to monitor crypto assets inflow/outflow to and from major centralized / decentralized exchanges and across chains/layers

  • Average exchange inflows/outflows regularly outpace $100M+/ day

Trading Signals

As an investigator, I want to track fund flows following an exploit, or of an account taken over by social engineering/phishing

  • 2022 was the biggest year ever for crypto exploits, with over $3.2B stolen

Investigations

MICROSCOPE - OPEN SOURCE BLOCKCHAIN METADATA PROTOCOL

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Current Metadata services have gaps to meet user needs

No Trust on Data Quality

Lack of Standard

Multiple Integration

Centralized Services

Costly

MICROSCOPE - OPEN SOURCE BLOCKCHAIN METADATA PROTOCOL

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Current Metadata Services are not efficient for the crypto industry

No go-to place to distribute nor consume metadata widely

FRAGMENTED ACCESS:

in silo but collectively not enough address coverage for all chains

DUPLICATIVE EFFORTS:

Not fast enough public metadata coverage of address & trading volume during key events (e.g exploits) and during high activity periods (e.g bull run)

STALE DATA:

Siloed and centralized providers

CENTRALIZED SERVICES:

MICROSCOPE - OPEN SOURCE BLOCKCHAIN METADATA PROTOCOL

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Microscope: Open source blockchain metadata protocol

Standard taxonomy

Transparent source and provider

Go-to place aggregating various data sources

Free for anyone to access

Decentralized service host

VISION

MICROSCOPE - OPEN SOURCE BLOCKCHAIN METADATA PROTOCOL

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We have a roadmap to onboard more partners and open up access

  • Iterations on metadata taxonomy
  • Data quality Assurance
  • More partners w/ streamlined onboarding process

Short Term

Partners

Limited Off-chain

  • Partner batch access
  • Reputation score for partners
  • Community-wide feedback & review mechanism

Mid Term

Partners

On-chain

  • Also, limited API access
  • Reputation score at scale for the community

​

  • Progressive decentralization

Long Term

Community

Off-chain

  • Community-wide fair access
  • Batch / API

High Level Roadmap

Contributions

Level of Access

MICROSCOPE - OPEN SOURCE BLOCKCHAIN METADATA PROTOCOL

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Microscope have partners contributing metadata already

Addresses labeled

220M+

Networks supported

33

Categories defined

95

Assets covered

$60B

BTC

82.0%

EVM Chains

17.0%

Others

1.0%

ADDRESS COVERAGE

PARTNERS

MICROSCOPE - OPEN SOURCE BLOCKCHAIN METADATA PROTOCOL

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Thanks for partners working on this initiative

  • Leo Liang
  • David Lai
  • Sid Shekhar
  • Tammy Yang
  • Boyang Xu
  • Zhanwu Xiong

Contributors

  • Yi Zhang
  • Yi Dong
  • Ruiying Jiang
  • Johny Yang
  • Cui Wei

Contributors

  • Eskil Tsu
  • Jiacheng Xu
  • Turan Vural

Contributors

  • Vincent Wen
  • Ken Yip
  • Michael Kremer
  • Chris Steege

Contributors

MICROSCOPE - OPEN SOURCE BLOCKCHAIN METADATA PROTOCOL

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Do not hesitate to reach out to us for partnership or feedback

https://microscopeprotocol.xyz

feedback.microscope@gmail.com

For Partnership / Feedback: