Blockchain

The Tie Launches Polkadot Ecosystem Dashboard on The Tie Terminal

on

    More in Blockchain:

    Boston, Mass, September 12th, 2024, Chainwire

     

    New Dashboard Provides Institutional Clients with In-Depth Insights into the Polkadot Ecosystem

    The Tie, a leading provider of market data, news, and analytics for digital assets, launches the Polkadot Ecosystem Dashboard enabling institutional clients to access a comprehensive suite of analytics for Polkadot-based assets.

    The Polkadot Ecosystem Dashboard offers a deep dive into essential metrics and insights, enabling users to understand key aspects of the network’s performance and usage. By accessing Polkadot blockchain data via The Tie Terminal, investors and traders can make more informed decisions, enhance their understanding of assets and projects within the ecosystem, and gain valuable insights into one of the most dynamic ecosystems in the digital asset space.

    “We’re excited to launch the Polkadot Ecosystem Dashboard, providing our institutional clients with powerful tools to analyze and understand the rapidly evolving Polkadot ecosystem,” said Joshua Frank, Co-Founder & CEO of The Tie. “This addition to The Tie Terminal reflects our commitment to delivering the most comprehensive insights, enabling informed decision-making in institutional crypto.”

    The dashboard includes account and native token metrics, allowing users to track the growth of the ecosystem by monitoring new, active, and cumulative account metrics over time for each parachain. This feature provides a clear view of user adoption and engagement, while detailed data on the total, staked, and circulating supply units of parachain tokens reflect community growth and interest. Additionally, information on the number of native token holders and price trends across the ecosystem offers further context for analyzing network performance.

    Users can also access an overview of transaction metrics, including the volume of native tokens transferred within parachains over time. Transactions are categorized into signed and unsigned types, providing insights into network activity and user behavior. The dashboard tracks transaction fees in both native tokens and USD and displays transaction counts for parachains with Ethereum Virtual Machine (EVM) compatibility, such as Moonbeam and Astar. Additionally, the dashboard monitors Cross-Consensus Messaging (XCM) transactions, offering a comprehensive understanding of cross-chain interactions and interoperability within the Polkadot network.

    The Total Value Locked (TVL) metrics provide a detailed analysis of the value locked across parachains, updated every 12 hours. This includes categories such as staking, governance tokens, and liquid staking. A treemap component offers a visual representation of the latest TVL metrics, presenting a high-level perspective of the ecosystem’s value and activity.

    The dashboard also features the latest XCM activity metrics, including data on XCM transfers, messages, open channels, and connected parachains, providing a thorough overview of Polkadot’s cross-chain messaging dynamics. The screener function allows users to track ecosystem coins and events, enabling them to filter the dashboard according to specific coins, watchlists, or sectors. This feature ensures that institutional clients remain updated on critical events within the Polkadot ecosystem, helping them stay ahead of significant developments.

    The Polkadot Ecosystem Dashboard is designed to give users a holistic view of the network’s performance, making it easier to track developments, analyze trends, and explore the diverse projects within the Polkadot ecosystem. With this addition, The Tie Terminal continues to be an essential tool for institutional clients seeking comprehensive and actionable data in the digital asset space.

    The Polkadot Ecosystem Dashboard is now available under the “Presets” section in the Dashboard Selection screen on The Tie Terminal. For more information, readers can visit The Tie’s website.

    About The Tie

    The Tie is the leading provider of information services for digital assets operating across three core verticals: Institutional, Data Redistribution, and Corporate Access. On the Institutional side, The Tie’s core offering – The Tie Terminal is the fastest and most comprehensive workstation for institutional digital asset investors. The Tie’s institutional clients include hundreds of the leading traditional and crypto-native hedge funds, VCs, market makers, asset managers, banks, and other institutional market participants.

    The Tie’s Redistribution business syndicates data feeds to dozens of leading platforms including FalconX, BitMEX, Real Vision, Broadridge, and Cointelegraph. The Tie’s corporate access business provides direct connectivity between institutions and token issuers through a series of industry leading conferences and events – including our flagship event, The Bridge hosted in 2023 with The New York Stock Exchange.

    About Polkadot

    Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just a participant, they are a co-creator with the power to shape its future.

     

    Contact

    Jonathan Duran
    jonathan@distractive.xyz

    PostAd_coinrule_banner728x90

    Leave a Comment

    Your email address will not be published. Required fields are marked *

    *

    Strengthening Crypto Security: Bybit’s AI Risk Engine Fortifies Hot and Cold Wallets, Screening $1 Billion in Withdrawals in First Half of 2024

    2024-09-20T12:29:38Z

    DUBAI, United Arab Emirates, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is stepping up its security efforts, using cutting-edge AI technology to fend off hackers and bad actors. In the first half of 2024, Bybit protected users by executing 32 million withdrawals and prevented the loss of over $79 million in client assets by vetting close to $1 billion in suspicious withdrawal attempts. More than $37 million in project funds were also safeguarded.

    As part of its tiered approach to fund safety, Bybit’s focus on protecting hot wallets and cold wallets plays a critical role in preventing hacking and fraud. Bybit has strengthened its verification processes, applying extra scrutiny to large transactions and high-risk withdrawals. While most fraudulent attempts were prevented in the early stage, the exchange detected abnormal withdrawal requests involving over $940 million in cryptocurrency during the first six months of 2024, with over 8.4% confirmed as attempted fraudulent withdrawals.

    Fraud Prevention in an Evolving Threat Landscape

    As crypto adoption scales, fraudsters and hackers increasingly target individual users and institutional vulnerabilities. Bybit, as one of the leading crypto exchanges, stands as a critical line of defense against these threats, employing sophisticated AI-driven security protocols to foil illicit schemes. The rise of AI has emerged as an area of concern for security and risk experts, prompting service providers to reconfigure their security posture.

    Covering Every Vulnerability with AI-Driven Protection

    Bybit’s deployment of AI technology serves as a robust shield against evolving risks. From securing user wallet systems to detecting complex, AI-enabled fraud attempts, Bybit's enterprise-level AI fortifies each layer of its defenses.

    All Bybit users can opt into multi-channel verifications and biometric authentication to ensure that their identities are securely verified. For instance, Bybit's risk engine recently thwarted an attempt involving face-swapping technology aimed at bypassing facial verification in its Know Your Customer (KYC) process. Thanks to its live face detection and virtual camera detection, Bybit's system swiftly blocked the attempt by the hacker.

    With a proprietary risk control engine and user behavioral analytics models, Bybit streamlined fraud detection with a combination of both automated and human scrutiny. The wealth of data and algorithmic processes help the system and a team of over 50 risk and security experts detect irregular behavioral patterns and sound the alarm for suspicious activities. The approach significantly reduces the risk of unauthorized access, instructions and withdrawals.

    A “Safety-first” Approach to Trading

    “One of the main reasons users choose to use centralized exchanges is the high level of support and protection they offer. Bybit invests heavily in software, hardware and talent to ensure that our 40 million customers can trade with confidence, knowing that their assets are protected by the most secure blockchain security measures,” said Helen Liu, Chief Operating Officer of Bybit.

    “We are pleased to have kept the fraudulent rate in withdrawals below 10% in the first half of 2024, and we are committed to strengthening our first lines of defenses to ensure that every aspect of the Bybit experience is safe and secure,” continued Liu.

    Raising the Bar for Industry Security

    Bybit has recently announced a comprehensive upgrade of its security measures. Verified by blockchain auditor CertiK, Bybit’s state-of-the-art safety model helped it secure a 10/10 trust score on CoinGecko. By leveraging multi-faceted security frameworks and heavily guarded vaults, Bybit ensures its users’ assets are stored in infrastructures designed to withstand even the most vigorous hacking attacks.

    With its commitment to building lasting trust in the Web3 ecosystem, Bybit aspires to deliver the highest standards in security to set new security standards for the industry.

    #Bybit /#TheCryptoArk

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, readers can please visit Bybit Press.

    For media inquiries, readers can please contact: media@bybit.com

    For more information, readers can please visit: https://www.bybit.com

    For updates, readers can please follow: Bybit's Communities and Social Media

    Contact

    Head of PR

    Tony Au

    Bybit

    tony.au@bybit.com


    GlobeNewsWire News

    Recent Comments