Challenger Deep builds a comprehensive Bitcoin data analysis platform

Challenger Deep, a platform dedicated to providing comprehensive data analysis of Bitcoin, is conducting internal testing of its invitation-only mechanism this week.

Challenger Deep aims to provide data navigation for non-technical users, including investors, merchants, and consumers, making it easier for them to understand the Bitcoin ecosystem.

Entrepreneur and ad tech veteran Pascal Gauthier personally invested about $2 million in Challenger Deep because he saw a gap in the market for a one-stop data platform:

“You can find some data on the blockchain, from miners, and on exchanges, but there is no connection between these data. They are separate. And currently, you can’t find a website that can provide comprehensive data on Bitcoin, nor can you find an app that can extract data for you according to your needs.”

Gaultier believes that every market needs an independent data provider.

Challenger Deep is a scalable platform that provides not only real-time data on all aspects of Bitcoin, but also historical data on Bitcoin, including blockchain data and market data. All of this data comes from the blockchain, as well as public and private APIs.

Gaultier said:

“We are now engaging with a large number of bitcoin companies and getting more and more data from them.”

In the future, Challenger Deep’s seven-member team hopes to develop more advanced features, such as a Bitcoin “fear index” that can predict price direction and compare the functionality of different wallets and trading platforms. In addition, the company is developing a database of Bitcoin companies.

After its beta, Challenger Deep’s public release is expected to be released later in September. At that time, access to its platform and API will be free, although users will have to pay a fee to get some additional services or remove ads.

The price tier will be determined by the results of the next test. Interested users can register to experience the beta version starting today, and the invitation code will be sent to registered users on Tuesday next week.

compete

In fact, there are already some Bitcoin data companies in this field, so Challenger Deep also faces fierce market competition. For example, Blockchain, a widely cited Bitcoin network data source, has received $30.5 million from venture capital firms.

In addition, Elliptic recently launched a new blockchain visualization tool called "Bitcoin Big Bang", and Cainalysis is seeking a compliant market for blockchain tracking tag functions.

But Gaultier still believes that Challenger Deep will stand out as the only platform that can access all data resources. In addition, the platform is scalable.

“As blockchain scales, more and more trading platforms and companies will seek data. We will be able to support them in an increasingly complex industry.”

Although the market for such services is still small, Gaultier is confident that it will grow.

Gaultier concluded:

“The digital currency industry is revolutionary and will grow rapidly in the next few years. Although it is still a niche market now, it may develop into a huge market in the future. Therefore, we believe that the Bitcoin data market will also develop.”