Crypto is going from an alternative investing class to one of a consumers primary financial accounts
The biggest shift in finance over the next 5 years will be the migration of billions of users onboarding into this new financial system
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What if you logged into your brokerage account and all the transactions just said "sent USD," all of the balances were off by +-10%, and you couldn't transfer funds?
This is the reality in crypto today. The UX for users accessing their accounts across the ecosystem is terrible
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For developers trying to build on top of the financial data of their users the situation is worse. Data from the blockchain itself is impossible to parse and structure in a way that's usable
(screenshot from the @CoherentAPI raw data lake)
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Because the data is public, table stakes for every application is the ability to track and manage the user's portfolio.
Every app from protocols to social applications are acting like mini-brokerages, allowing user's to track and manage their funds
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Our vision at @CoherentAPI :
For consumer blockchain applications Coherent provides an enterprise brokerage API and toolkit to help their users track and manage their portfolio
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The goal is to be the "plaid for crypto".
We do one thing really well: enable developers to connect a user's portfolio to their application in minutes
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Our API provides accurate, human-readable data that is safe to use in a production-grade financial application
Our frontend toolkit allows developers to display custom views of the user's portfolio in 5 lines of code or less. What used to take weeks or months now takes hours
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What differentiates us from our competition is our relentless focus on building a platform for this singular end-user experience
We are not building a "god indexer" meant for everything. We're building a multichain solution to power a world class brokerage experience across apps
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Over the past 2.5 months we've shipped our initial product across three blockchains (Ethereum, Optimism, and Polygon) onboarded our first cohort of alpha developers with a waitlist of hundred more coming from some of the top companies in crypto
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Our team comes from where we built the backend to power the crypto brokerage account of hundreds of millions of users, tracking billions of dollars in portfolio value, both centralized and decentralized
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If you're a company interested in signing up for our alpha, find us at: coherent.sh or DM me directly
If you're interested in working with us, we're hiring:
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oh, and we also raised $4.5m to build this future
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