In the high demand world of building in Web3, access to high-quality, real-time data isn’t just advantageous—it’s necessary. Whether you’re building apps or managing digital assets, the right data can make all the difference. That’s where Steer Protocol’s Data Marketplace comes in, drastically changing how developers and organizations interact with data in Web3.
The Data Dilemma in Web3
Before we dive into what we’ve built, let’s consider the most common pain points we hear in conversations from Web3 protocol builders when it comes to data:
- Data Discovery: With information scattered across multiple chains, protocols, and platforms, finding the right data can feel like searching for a needle in a haystack.
- Access and Security: Once you’ve located a data source, securing reliable access often involves complex API integrations and managing multiple authentication methods.
- Data Transformation: Raw blockchain data is rarely ready for immediate use. Developers often spend countless hours cleaning, formatting, and normalizing data before it becomes valuable.
- Real-time Updates: In the fast-moving world of crypto, stale data can lead to missed opportunities or flawed decision-making.
- Cost and Resources: Maintaining connections to multiple data sources and processing large volumes of data can be prohibitively expensive for smaller teams or projects.
The Power of Steer’s Data Marketplace
Steer’s Data Marketplace is the first Web3-native open data marketplace, designed to solve the age-old problems of data discovery, access, and utilization. Here’s why it’s a game-changer:
- Hub for Decentralized Data: Find all the data you need in one place, eliminating the need to search across multiple platforms or providers.
- Plug-and-Play Integration: Easily connect the data you need directly into your applications, saving time and resources on data transformation and integration.
- Diverse Data Sources: Access a wide range of data types, from on-chain metrics to off-chain market sentiment, all curated to meet the needs of Web3 developers and analysts.
- Real-Time Access: Get the latest data when you need it.
- Monetization Opportunities [Coming Soon]: Data providers can easily monetize their unique datasets, creating a thriving ecosystem that benefits both data creators and consumers.
Available Data Connectors
Steer’s Data Marketplace offers a growing list of data connectors, currently over 60, each providing unique insights and capabilities. Here’s a snapshot of some key connectors available:
| Data Type | Data Connectors | Use Cases |
| Blockchain Indexing | The Graph, Transpose | dApp analytics, token metrics, protocol health monitoring, wallet profiling |
| Centralized Exchange Data | Coinbase Pro, Kraken, Binance, Bitcoin.com, Crypto.com | Market analysis, arbitrage opportunities, trading strategy development, pricing data for liquidity management |
| Candle Data | Uniswap V3, Universal algebra OHLCV Connector, Universal V3 OHLCV Connector | Liquidity management strategies, algorithmic trading strategies |
| Tick Data | Algebra Pool Current Tick, Market Peg Tick, V3 Pool Current Tick | Liquidity management strategies, trading strategies |
| Price Feed Data | Chainlink | Liquidity management strategies, trading strategies, arbitrage and liquidation bots. |
Future Data Possibilities
While our current offerings provide a robust foundation, we’re excited about the potential to integrate even more diverse and specialized data sources in the future.
Imagine having access to prediction market data, allowing you to build applications that tap into the wisdom of the crowd. Or consider the possibilities of incorporating comprehensive lending and borrowing metrics from across DeFi, enabling more sophisticated risk assessment and yield optimization strategies.
But why stop at crypto-native data? What if we could bridge traditional market data from sources like Google, Bloomberg, or Yahoo to enable novel on-chain Real World Asset (RWA) use cases? This convergence of traditional and decentralized finance data could open up entirely new avenues for innovation.
These are just a few examples of the exciting directions we’re exploring. Our goal is to continuously expand the Data Marketplace, ensuring that Steer remains at the forefront of providing the most comprehensive and valuable data resources for the Web3 ecosystem.
Empowering Use Cases
The applications of Steer’s Data Marketplace are limited only by your imagination. Here are some exciting use cases that developers and organizations are exploring:
- Advanced Trading Algorithms: Leveraging on-chain and off-chain data to develop sophisticated trading algorithms that adapt to real-time market conditions and execute automatically on-chain.
- Dynamic DeFi Risk Management: Analyze lending and borrowing data across multiple protocols to assess risks and dynamically optimize yield strategies.
- Cross-Chain Analytics: Utilize data from multiple blockchains to gain a comprehensive view of asset flows and market dynamics across the crypto ecosystem.
Get Started with Steer Today
Ready to elevate your Web3 project with unparalleled data access? Take the first step:
- Visit our docs to dive deeper into Steer’s Data Connectors
- Learn how to seamlessly integrate our data into your projects
- Explore the possibility of adding your own data connector to our marketplace
Have specific data needs or interested in becoming a data provider? We’re excited to connect with you! Join the vibrant Steer community on Discord or reach out directly via email at contact@steer.finance.
Our team is standing by to help you harness the full power of the Data Marketplace. Don’t let data limitations hold you back – unlock the potential of your Web3 innovations!
