DeFi Portfolio Management Tool Zapper Introduced a New Protocol for On-Chain Data! Here are the Details

Zapper, a leading DeFi aggregator and portfolio management tool, has launched the first component of the Zapper Protocol, introducing a new interpretation layer aimed at improving on-chain data accessibility and understanding.

Zapper Introduces New Protocol for On-Chain Data Interpretation

This innovative layer will enable users to contribute as event interpreters and position interpreters, each playing a key role in converting complex blockchain data into user-friendly formats.

Founded in 2020, Zapper attracted great attention in 2021 with a $15 million Series A funding round led by Framework Ventures and featuring high-profile investors such as Mark Cuban and Ashton Kutcher’s Sound Ventures.

This funding has been instrumental in Zapper’s ongoing development and recent advancements.

Zapper’s roadmap includes the launch of a native ZAP token in the fourth quarter of 2024. The platform aims to promote on-chain literacy by making the social networking aspects of Ethereum more visible and understandable to users.

“By making Ethereum readable, we are showing everyone what it really is,” said the Platform Head. Ethereum is a social network and we are bringing that to the surface,” he said.

To support these initiatives, Zapper has developed indexing templates designed to simplify the indexing process of on-chain data.

These templates will enable users to understand complex data without requiring advanced coding skills, further democratizing access to blockchain information.

*This is not investment advice.

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