Onchain analytics for the Cardano ecosystem

[Proposal setup] Proposal title

Please provide your proposal title

Onchain analytics for the Cardano ecosystem

[Proposal Summary] Budget Information

Enter the amount of funding you are requesting in ADA

406666

[Proposal Summary] Time

Please specify how many months you expect your project to last

12

[Proposal Summary] Translation Information

Please indicate if your proposal has been auto-translated

No

Original Language

en

[Proposal Summary] Problem Statement

What is the problem you want to solve?

Cardano lacks a unified, standardized analytics platform. Fragmented data sources conceal ecosystem activity and limit comparability, hindering institutional adoption and investor insight.

[Proposal Summary] Supporting Documentation

Supporting links

• https://tokenterminal.com/
,
• https://tokenterminal.com/explorer/projects/avalanche
,
• https://tokenterminal.com/resources/articles/sonic-is-live-on-token-terminal
,
• https://tokenterminal.com/resources/articles/token-terminal-x-coin-gecko-token-terminal-s-onchain-data-is-now-available-on-coin-gecko
,
• https://drive.google.com/file/d/1fBvuV582Erbpjizlfp4ayKe6b8LRXz-z/view?usp=sharing

[Proposal Summary] Project Dependencies

Does your project have any dependencies on other organizations, technical or otherwise?

No

Describe any dependencies or write 'No dependencies'

No dependencies

[Proposal Summary] Project Open Source

Will your project's outputs be fully open source?

No

License and Additional Information

All metrics and dashboards on Token Terminal are fully accessible to everyone, with no paywalls. However, the underlying source code used for metric transformations is not publicly available.

[Theme Selection] Theme

Please choose the most relevant theme and tag related to the outcomes of your proposal

Analytics

[Campaign Category] Category Questions

Describe your established collaborations.

Token Terminal data is natively integrated into leading platforms, including Binance, CoinGecko, Bloomberg Terminal, Messari, and Focal, where it enhances transparency and accessibility for millions of users.

Our data also powers index products through collaborations with major providers such as MarketVector and CF Benchmarks, who rely on Token Terminal metrics as the foundation for their products.

Describe funding commitments.

Token Terminal will invest hundreds of hours from its engineering, data, marketing, growth, and accounting teams to develop and maintain the Cardano integration. We will also commit resources from the Business Development team to secure more distribution partnerships, further enhancing the visibility that Cardano and its ecosystem will receive. We’ll leverage our VC backing, proven experience with previous blockchain integrations, and distribution network to maximize the value Cardano gains from this partnership.

Describe your key performance metrics.

Website traffic: 100k+ monthly visitors

X (Twitter): 147k followers, 2m+ monthly impressions

Newsletter: 78k+ subscribers

LinkedIn: 8k+ followers

Institutional accounts: 1k+ active institutional accounts

External integrations and industry reports: distribution to tens of millions of users

These KPIs highlight how Cardano’s data would reach retail, professionals and institutions through the channels they already use. This visibility makes Cardano’s fundamentals comparable with leading blockchains and supports greater awareness, adoption and capital allocation.

[Your Project and Solution] Solution

Please describe your proposed solution and how it addresses the problem

Token Terminal will integrate Cardano into our institutional‑grade blockchain analytics platform, transforming onchain data into standardized, audited metrics that provide ecosystem‑wide coverage. By building a custom Extract‑Load‑Transform (ELT) pipeline, we will ingest raw data from Cardano nodes, decode and normalize it, and store it in a petabyte-scale data warehouse. We will then compute unified key performance indicators, including transaction counts, active addresses, revenue, and developer activity, and make these metrics accessible through interactive dashboards, spreadsheet plug‑ins, an SQL data room and enterprise APIs.

Beyond the core platform, Token Terminal will enable broader ecosystem adoption. Dedicated dashboards will be created for at least ten Cardano projects, allowing them to showcase performance and attract capital. Cross‑chain benchmarking tools will highlight Cardano’s unique strengths relative to other networks. Through distribution partnerships with platforms like CoinGecko, Binance, Messari, Bloomberg Terminal and Focal, and inclusion in Token Terminal‑powered indices by MarketVector and CF Benchmarks, Cardano’s metrics will reach analysts, investors and institutional users globally. This solution delivers the transparent data infrastructure needed to unlock institutional participation and accelerate ecosystem growth.

[Your Project and Solution] Impact

Please define the positive impact your project will have on the wider Cardano community

The integration will have a tangible, positive impact on Cardano’s ecosystem by making its performance visible to institutional and retail stakeholders. Our expected outcomes include:

• Enhanced visibility: Cardano will gain dedicated protocol and project pages with standardized KPIs, increasing transparency and credibility among analysts and investors.
• Ecosystem growth: Builders can demonstrate traction with standardized KPIs, improving fundraising and partnership outcomes.
• Community benefit: ADA will become eligible for inclusion in cross‑chain index products. Data will also support onchain governance and community research.
• Institutional discovery: Cardano’s performance metrics will be visible in Bloomberg Terminal, CoinGecko, and Binance research tools.
• Investor confidence: Comparable, audited data will enable Cardano to compete directly with other L1s for capital inflows.
• Media visibility: Cardano KPIs will be used in industry reports and coverage from CoinDesk, The Defiant, and Bloomberg.

Our expected outcomes include:

• Cardano integrated into Token Terminal’s platform & API within four months.
• 10+ Cardano ecosystem project dashboards live.
• Cardano data syndicated to at least two major third-party analytics platforms.
• ADA included in at least one institutional-grade blockchain index within six months of launch.

[Your Project and Solution] Capabilities & Feasibility

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Token Terminal has successfully integrated over 500+ leading blockchains and protocols — including Aave, Aptos, EigenLayer, MakerDAO, and Tron, delivering institutional-grade accuracy, reliability, and consistency every time.

We serve 100,000+ monthly users and 1,000+ institutional accounts, with our data powering trusted platforms such as CoinGecko, Binance, Messari, Bloomberg, and Focal. Our 25-person team, including 17 engineers dedicated to blockchain data pipelines, operates from Europe with a U.S. presence to support global delivery.

Our track record and transparent methodology ensure every integration is executed with the highest levels of trust, precision, and accountability.

[Milestones] Project Milestones

Milestone Title

Kickoff & Pipeline Setup

Milestone Outputs

• Establish Cardano full‑node and network infrastructure to ensure reliable access to onchain data.
• Define the architecture and data schema for the Extract‑Load‑Transform (ELT) pipeline.
• Begin ingestion of raw blocks and transactions from the Cardano blockchain into staging tables.

Acceptance Criteria

• Infrastructure is deployed and accessible; data ingestion is running continuously.
• A pipeline design document is reviewed by Milestone Reviewers or the Catalyst Team.
• At least one week of raw data has been captured and stored.

Evidence of Completion

• Architecture/design document covering data sources, schema and ETL flow.
• Initial data snapshots and ingestion logs shared with Milestone Reviewers or the Catalyst Team.

Delivery Month

1

Cost

40000

Progress

10 %

Milestone Title

ELT Development & Normalization

Milestone Outputs

• Implement the scalable Extract-Load-Transfrom (ELT) data pipeline and conduct Quality Assurance.
• Decode and normalize the data into relational tables representing blocks, transactions and other raw-level data tables.

Acceptance Criteria

• The ELT pipeline runs reliably and covers historical data.
• Internal dashboards display accurate and complete metrics for raw data tables.
• Documentation covering the mapping and normalization process is delivered.

Evidence of Completion

• Technical documentation outlining data sources, schemas and transformation logic.
• Demo dashboards made available to Milestone Reviewers or the Catalyst Team for verification.

Delivery Month

2

Cost

46667

Progress

20 %

Milestone Title

Market Data & Abstraction Layer

Milestone Outputs

• Develop an onchain price feed by pulling and aggregating price data from top decentralized exchange (DEX) liquidity sources.
• Create data abstractions such as token/native transfers, token balances and higher‑level datasets to enable richer metric calculations.
• Perform internal quality assurance, documenting feedback and issue resolutions.

Acceptance Criteria

• The onchain price feed is live in the data warehouse and aggregates data from top DEX liquidity sources.
• Abstraction datasets (e.g., token/native transfers, token balances and higher‑level metrics) are fully generated and verified for accuracy.
• Internal QA is completed with documented feedback and issue resolutions.

Evidence of Completion

• Live onchain price feed aggregated from top DEXs and available for use in a data warehouse.
• Generated abstraction datasets available and verified for accuracy.
• QA report detailing feedback, test cases and resolution of identified issues.

Delivery Month

3

Cost

53333

Progress

30 %

Milestone Title

Standardized KPIs & Initial Launch

Milestone Outputs

• Compute standardized KPIs for Cardano, including transaction counts, active addresses, fees, revenues, and token incentives.
• Launch the initial version of the updated Cardano dashboard, with 20+ standardized metrics tracking the Cardano blockhain.

Acceptance Criteria

• KPI calculations are validated by the Milestone Reviewers or Catalyst Team and meet agreed definitions and methodologies.
• Initial Cardano dashboard is publicly live and accessible on Token Terminal.

Evidence of Completion

• KPI definitions and values shared with Milestone Reviewers or Catalyst Team.
• Cardano dashboard is accessible on tokenterminal.com with 25+ metrics.

Delivery Month

4

Cost

60000

Progress

50 %

Milestone Title

Ecosystem Launch & Marketing

Milestone Outputs

• Launch and maintain dedicated dashboards for at least 10 Cardano ecosystem projects with metrics such as active addresses, transaction counts and gas used.
• Introduce the Cardano ecosystem metrics to Cardano’s Token Terminal dashboard, further enriching it.
• Execute a coordinated marketing and distribution campaign: announce the launch on our website, send newsletters to our currently 80k+ subscribers, and publish an announcement thread highlighting Cardano KPIs on our X.

Acceptance Criteria

• Cardano ecosystem metrics are created.
• At least 10 Cardano projects are integrated with metrics refreshed on a daily granularity.
• At least two distribution partners display Cardano metrics by the end of the milestone.
• Marketing campaigns are executed and evidenced by published collateral and engagement metrics.

Evidence of Completion

• Cardano ecosystem metrics are live and accessible on tokenterminal.com.
• At least 10 Cardano ecosystem projects have their dedicated Token Terminal dashboards live on tokenterminal.com
• Confirmation from distribution partners featuring Cardano metrics.
• Marketing collateral such as newsletters and social posts.

Delivery Month

5

Cost

93333

Progress

70 %

Milestone Title

Continuous Maintenance & Final Acceptance

Milestone Outputs

• Maintain the Cardano data pipeline, dashboards and metrics through month 12, ensuring data remains accurate, up to date and available.
• Onboard additional Cardano projects beyond the initial 10, aiming to reach at least 25 projects integrated and maintained.
• Provide ongoing support, bug fixes and data quality assurance.
• Include Cardano and Cardano’s ecosystem projects in upcoming distribution partner integrations.
• Produce a final close‑out report and video summarising overall impact, adoption metrics, lessons learned and recommendations for future development.

Acceptance Criteria

• Data pipeline and metrics remain accurate and up to date at the end of the partnership.
• Additional projects are integrated (≥25 total projects) and their metrics are maintained.
• All critical issues are resolved, with no outstanding bugs.
• The final report and video are accepted by Catalyst reviewers and the Cardano community.

Evidence of Completion

• Confirmation of additional projects onboarded and maintained.
• Final close‑out report and video shared with Milestone Reviewers and Catalyst Team.

Delivery Month

12

Cost

113333

Progress

100 %

[Final Pitch] Budget & Costs

Please provide a cost breakdown of the proposed work and resources

Our total funding request is ₳406,666, which equates to approximately $305,000 (at 1 ADA ≈ $0.75). Funding is divided into six milestones: four build phases of ₳40,000, ₳46,667, ₳53,333, and ₳60,000, followed by two larger tranches of ₳93,333 and ₳113,333 to support the public launch, marketing, and continuous maintenance through month twelve.

Below is a detailed breakdown of how these funds will be allocated per milestone:

Milestone 1 – Kickoff & Pipeline Setup ($30k = ₳40,000):

• Engineering & pipeline design ($20k) – architect the ELT pipeline and build the baseline ingestion scripts.
• Data infrastructure ($10k) – cloud storage, compute resources and database services required to host and process Cardano data.

Milestone 2 – ELT Development & Normalization ($35k = ₳46,667):

• Engineering & pipeline development ($20k) – implement the scalable ELT pipeline, decoders and normalization routines.
• Data infrastructure ($10k) – expand the data warehouse and computing capacity for historic sync.
• Quality assurance & documentation ($5k) – build verification dashboards, run QA tests and document transformations.

Milestone 3 – Market Data & Abstraction Layer ($40k = ₳53,333):

• Engineering & data modeling ($20k) – build the onchain price feed and token/native transfer abstractions.
• Data infrastructure ($10k) – support additional datasets and price feed storage.
• Quality assurance ($10k) – test and validate the price feed and abstraction datasets.

Milestone 4 – Standardized KPIs & Initial Launch ($45k = ₳60,000):

• Engineering & KPI development ($25k) – compute and validate Cardano KPIs.
• Data infrastructure ($10k) – maintain and expand dataset.
• Quality assurance ($10k) – build quality assurance tests.

Milestone 5 – Ecosystem Launch & Marketing ($70k = ₳93,333):

• Engineering & standardisation ($30k) – integrate and support at least ten ecosystem projects, add ecosystem metrics.
• Data infrastructure ($10k) – maintain production infrastructure and monitoring.
• Quality assurance ($10k) – ensure production readiness and data accuracy.
• Marketing & distribution ($20k) – execute launch marketing, community outreach and partner coordination.

Milestone 6 – Continuous Maintenance & Final Acceptance ($85k = ₳113,333):

• Engineering & maintenance ($35k) – sustain the data pipeline, integrate additional projects and provide technical support through month twelve.
• Data infrastructure ($20k) – maintain and scale storage, compute and monitoring capacity.
• Quality assurance & reporting ($10k) – run continuous QA, compile adoption metrics and prepare the final report.
• Marketing & distribution ($20k) – continue awareness efforts and publish content and update posts.

[Final Pitch] Value for Money

How does the cost of the project represent value for the Cardano ecosystem?

This investment gives Cardano an integration into one of the most trusted blockchain analytics platforms used by institutions and retail audiences globally. It ensures:

• Global distribution: Through our partnerships with CoinGecko, Binance, Messari, Bloomberg Terminal, and others, Cardano metrics will reach tens of millions of users and investors.
• Institutional visibility: Data surfaced directly in tools and indexes used by VCs, hedge funds, and market analysts.
• Ecosystem empowerment: Builders gain high-credibility dashboards to attract users, partners, and capital.
• Measurable adoption impact: Increased analyst coverage, higher index inclusion likelihood, and improved investor confidence.

The result is long-term infrastructure that elevates Cardano’s profile, strengthens its competitive position, and accelerates both ecosystem growth and capital inflows.

[Required Acknowledgements] Consent & Confirmation

Terms and Conditions:

Yes