ZeroLend, a fast-growing lending project, has entered into a data partnership with Token Terminal. The collaboration aims to enhance stakeholder reporting through improved on-chain analytics. ZeroLend currently operates across multiple blockchain platforms, including Linea, ZKsync Era, Base, Manta, and Ethereum, and has garnered attention with over $350 million in active loans.
ZeroLend enters into a Data Partnership with Token Terminal â @zerolendxyz is one of the fastest growing Lending projects on @LineaBuild, with deployments also on ZKsync Era, Base, Blast, Manta, and Ethereum.â The project has raised ~$3m in venture capital from⌠pic.twitter.com/Z2kpqSKwS3
â Token Terminal (@tokenterminal) October 21, 2024
The project, which raised approximately $3 million in venture capital, has recognized the importance of providing reliable, standardized data to its stakeholders. Token Terminal, a trusted on-chain data platform, is known for delivering accurate financial and usage metrics.Â
Token Terminal Assists ZeroLend to Enhance On-chain Analytics for Stakeholders
ZeroLend turned to Token Terminal to streamline its on-chain analytics and improve transparency. Token Terminal provides analytics for leading projects such as Aave and Morpho. ZeroLend can accurately benchmark its performance against competitors by partnering with Token Terminal. The partnership aims to provide real-time data that benefits all stakeholders, from investors to developers.
Key Components of the Data Partnership
The Data Partnership between ZeroLend and Token Terminal involves four key elements. First, a comprehensive registry of ZeroLendâs smart contracts across multiple chains was developed. This step allows Token Terminal to leverage its existing infrastructure without additional node setups.
The data from these smart contracts is transformed into standardized metrics, including net deposits, fees, active loans, and daily users. ZeroLend has been featured on Token Terminalâs Lending market dashboard and Discover page, offering a one-stop platform for users, investors, and developers to assess its performance.
ZeroLend will rely on Token Terminal to manage data updates. With the ongoing expansion of DeFi projects across multiple chains, standardized data reporting has become increasingly vital. By offloading this task to Token Terminal, ZeroLend can focus on scaling its lending operations.