Dear Astar community,
My name is Kamil Gorski and I’m the CEO at Tokenguard. I am pleased to submit a proposal for an on-chain data analytics tool development to support the Astar ecosystem. We’re very impressed how the Astar is growing as a high-performance platform designed for decentralized applications (DApps) as well as for DeFi protocols, DEXs and Gaming projects. I’m reaching out to you to address the need for a fully customizable data analytics tool to support the development and growth of the Astar ecosystem.
Project overview and goals
Web3 creators and protocol owners often struggle to access crucial growth insights, limiting their ability to understand user acquisition and conversion paths. Just like a mountaineer without a compass, navigating the complex world of web3 without the right analytics tool can leave web3 executives feeling lost and frustrated.
Astar is a fast-growing community of web3 creators who deserve to have the best tools in their ecosystem. That’s why we built Tokenguard.
Our platform provides user data insights that make you better understand user acquisition, conversion paths, and on-chain behavior. No more aimlessly jumping from one tool to another, hoping to stumble upon valuable insights.
We’re happy to deliver comprehensive on-chain data analytics tool for Astar community, which would consist of (but not limited to) the following features:
- No-code and no-SQL dashboard with user data analytics delivering actionable insights to Astar Foundation, its community and L2 dApp / tokens creators.
- User segments analysis allowing to better understand which user groups have the most positive influence on the ecosystem.
- Users on-chain behavior (staking, whale wallets analysis, user engagement) to incentivize and engage existing & new users with quests, contests and events.
- User sources tracking (exchanges) to better understand ROI from off-chain marketing activities.
- Active alerting & monitoring through an e-mail or Telegram channel that allows anyone from the Astar team & community to react in-time to on-chain events.
- RAW data access
- Data Analyst consultations
- Sharing and embedding dashboards on the website
Aleph Zero is using Tokenguard to understand their smart contract activity.
Here is the reaction from their users
We’ve built the same for Astar
And even more.
The proposed Web3 on-chain data analytics tool will provide Astar community with real-time insights into the Astar on-chain activities, including transaction volume over time, user conversions, EVM and WASM smart contracts comparison, DApps activity monitoring etc. The tool will be accessible via a web-based app, making it easy for developers, investors and other stakeholders to monitor the health of the Astar network and make data-driven decisions.
Here are the key features of the proposed on-chain data analytics tool:
Real-time monitoring: The tool will provide users with real-time data on the Astar onchain’s activities, allowing them to stay up-to-date on the latest trends and development by setting up alerts on specific metrics
Fully customizable dashboards: Users will be able to create custom dashboards based on their specific needs, such as tracking a particular DApp insights or tracking a specific token’s performance.
Advanced analytics: The tool will feature advanced analytics capabilities, including trend analysis, correlation analysis, and other statistical methods to help users identify patterns and insights.
User-friendly interface: The tool will feature a user-friendly interface that is easy to navigate, making it accessible to users with varying levels of technical expertise.
The proposed on-chain data analytics tool will be developed using the latest technologies and best practices in blockchain analytics. The development team will work closely with the Astar Foundation to ensure that the tool meets the needs of the Astar ecosystem and aligns with the Foundation’s strategic objectives.
Based on current Astar ecosystem functionalities we can propose the following modules available inside Astar analytical tool:
- DApps activity monitoring
- Astar on-chain activity tracking based on Astar marketing KPIs (including EVM and WASM smart contracts comparison, staking analysis etc)
- Community dashboard
Team and costs
Our mission is to empower the Astar community and other web3 projects by providing a user-friendly analytics platform that unveils the hidden potential within their ecosystems. We aim to transform data into actionable insights that will help the Substrate ecosystem to drive sustainable growth and value.
Kamil Gorski - CEO
Jakub Rojek - Product Owner and CTO
Damian Rolek - Senior Data Analyst
Zaur Tarunov - Growth Manager
Luke Drozdek - Partnerships Director
Tokenguard - Web3 Analytics
Tokenguard (@Tokenguard_io) / Twitter
Tokenguard · GitHub
Astar on-chain activity alerting & monitoring
Creating community charts and dashboards from data models
WASM smart contracts analytics
L2 token analytics metrics
DApps activity monitoring
EVM and WASM smart contracts analytics
Introduction of source-segment-conversion user-friendly metrics builder
Monitoring and alerting subscriptions
Timeline and costs
We estimate that the development of the on-chain data analytics tool will take approx. 2 months and will require a team of experienced blockchain developers, data analysts, and UX/UI designers. Total cost of the project implementation is estimated at $23,240 ($25,220 including StackExchange), which includes:
chain indexing and data storage (12 x $870 = $10,440)
alerting & monitoring service (12 x $300 = $3,600)
dashboard implementation ($2,000)
indexer and data model updating (12 x $200 = $2,400)
dedicated Astar features (12 x $400 = $4,800)
[optional] StackExchange implementation ($1980)
The implementation fee is paid upfront for one year of product maintenance time.
Once dashboard implementation process is finished, we have two different options to choose for Astar community:
- Public with read-only access to view dashboard/metrics (free of charge)
- Community with access to our platform by login to unlimited number of users, eligibility to create custom charts and exporting data reports into CSV/PDF files (free of charge)
We are excited about the opportunity to work with the Astar Foundation to develop this important tool for the Astar ecosystem. Please let us know if you have any questions or require further information.
Gather metrics for Astar dashboard: Collect all on-chain and off-chain metrics required from Astar.
Kickoff meeting: Gathering all requirements. Understanding what data sources are available and Astar’s team desired outcomes.
Design data model: Based on the requirements gathered, design a data model that can support the types of analysis that Astar needs. Discussion about planned protocol changes.
Index data: Data indexing from Astar mainnet
- Astar data model designed
- Astar mainnet data indexed
Data model implementation: Once the data model is designed, implementation can be started. This will involve setting up data pipelines to bring in data from various sources, defining data transformations and cleaning rules, and building a data warehouse.
Connecting to Tokenguard app: With the data model in place, we set up Tokenguard platform.
- Astar data model implemented
- Basic Astar dashboard available for testing
Developing custom dashboard: With the analytics platform set up, we can start developing a custom dashboard that can be used to provide insights to the Astar team. This dashboard should focus on the most critical business questions and KPIs (e.g. dApps activity monitoring, staking analytics, TVL insights, active developers tracking, smart contracts deployment)
Test and refine initial Astar dashboard: Once the initial dashboard is developed, test it with the team to ensure it is providing the expected insights. Refine the dashboard as necessary to ensure they are meeting stakeholder needs.
- Custom Astar dashboard available for testing
- On-chain metrics & KPIs delivered
Develop Astar final dashboard: With the custom dashboard in place, begin developing the final version of Astar dashboard that can provide deeper insights into Astar network and off-chain activities. These will include advanced analytics, segmentation analysis, or L2 activity complex analysis and off-chain data feeds such as GitHub and / or StackExchange.
Test with the Astar team: With the data analytics tool in place and final dashboard developed, test the solution with Astar team on how to use the tool and interpret the data insights. This will ensure that they are able to get the most value out of the tool.
- Astar final dashboard developed