See What Only Blockaid Sees: Introducing State of the Chain

December 19, 2024
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TL;DR: Blockaid processes more Web3 activity and threats than anyone else. Now, we’re sharing this unprecedented visibility with the community through the State of the Chain Dashboard—a tool that reveals onchain trends, threat actor activity, and the evolving Web3 security landscape. Explore the data now at stateofthechain.com

Blockaid protects billions of transactions for the largest players in the space—Coinbase, MetaMask, OpenSea, Stellar, and more—giving us a front-row seat to all onchain activity and emerging threats.

This visibility is what powers our threat hunting team—a group of world-class security researchers dedicated to identifying and mitigating the latest scams, attacks, and malicious actors.

Now, for the first time, we’re sharing this data-driven perspective with the entire Web3 community through the State of the Chain Dashboard.

See the Full Threat Landscape Like Never Before

The State of the Chain Dashboard doesn’t just highlight trends and activity—it provides a comprehensive overview of the Web3 threat landscape, including:

  • Top Threat Actors: Identify the most active groups draining user funds.
  • Attack Trends: Track the rise of techniques like address poisoning and malicious airdrops.
  • Funds Lost: Get a clear picture of the staggering impact, including $1.7 billion in user losses to scams and fraud in 2024 alone.
  • Attack Dynamics: Learn how new vectors emerge and evolve, and which threat actors are the most active.

Some highlights from the dashboard include:

  • 71M attacks prevented by Blockaid’s onchain detection and response platform
  • In 2024, cryptocurrency scams and fraud resulted in massive financial damages, totaling $1.4 billion in user losses.
  • Security analysis reveals that 59.3% of new tokens launched in 2024 were malicious in nature, indicating a severe problem with token legitimacy.
  • Rug pull scams remain a prevalent threat, making up 27% of all malicious tokens.

The dashboard currently reflects data for 2024, with plans to release updated data each quarter.

Ready to see what we see? Explore State of the Chain now at https://stateofthechain.com

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