ZUG, 15 SEPTEMBER 2020. The Cardano Foundation is pleased to announce its collaboration with blockchain analytics firm Flipside Crypto, to enable next-level on-chain data visibility for the Cardano protocol.

Through Flipside Crypto's proprietary Chainwalking™ process, every block on Cardano is decoded in real-time into a universal data set. Flipside's data science team then uses statistical and behavioral modeling to track and label Cardano's on-chain activity. The collated blockchain data is then used to power insightful data visualizations made public on the Flipside Data Cooperative.

The Flipside Data Cooperative is a transparency initiative which provides a public and shareable view of networks' on-chain activity. It provides real-time transaction visualisations, which will empower all of Cardano's ecosystem participants to better understand the asset-flows, geographic activity, and behaviors of stakeholders on Cardano.

The Data Cooperative enables direct comparison of Cardano transactions and asset movements with that of other blockchains—offering insightful data ahead of tokenization and decentralized applications through Goguen's roll-out starting in late 2020.

Going forward, Flipside Crypto will continue to Chainwalk™ every block added to the Shelley mainnet. Chainwalking™ will see raw blockchain events normalized and mapped out into a series of intelligence outputs in real time. This data is beneficial for the Cardano blockchain, ada (₳) holders, exchanges, enterprises, and crypto enthusiasts alike.

By joining Flipside's public Data Cooperative , the Cardano Foundation is providing the Cardano community with access to a new highly specialized tool for objective technical analysis and exploration, via an independent third-party platform.

The transparent data will be especially useful now that Cardano has transitioned to Shelley, allowing stakeholders to explore, arrange, and leverage blockchain information to accurately track volume, transactions, address counts, repos, and impact of off-chain events on the Cardano ecosystem. The Cardano Foundation believes that this will provide a full spectrum of actionable intel and monitoring metrics.

Flipside Crypto also rates blockchain platforms based on fundamental data, with their Fundamental Crypto Asset Score (FCAS). Following the successful Shelley hard fork in July 2020, Cardano's FCAS went up to 938 out of 1000, which according to Flipside Crypto's rating scheme, places Cardano in the highest category of blockchain health—ranked "S" for "Superb". FCAS examines multiple metrics, such as code improvements and contributions, developer behavior, community involvement, network activity, and market liquidity. The score, which is indicative of the state of the protocol as a whole, has shown a clear upward trend since Shelley's launch. FCAS is listed on CoinMarketCap, Messari, MarketWatch and TheStreet.

Nathan Kaiser, Chairperson of the Cardano Foundation, says:

"Flipside Crypto's ability to Chainwalk™ every block and integrate them into external intelligence tools provides unparalleled insights and benefits to all stakeholders, as well as accelerates the value growth of Cardano. Detailed analytics as a result of this process, such as the growth of applications on Cardano, flows of ada, staking and rewards, and core customers and users, gives an independent and transparent overview of the project's holistic health."

The Cardano Foundation will continue to enable high-quality tools and metrics for each and every block during the Shelley mainnet, ensuring the public has access to high fidelity data analytics—empowering all participants to clearly explore the ecosystem and discover relevant on-chain and off-chain events, increasing Cardano's value proposition and attractiveness.

About the Cardano Foundation: The Cardano Foundation is an independent Swiss standards body that oversees and supervises the advancement of Cardano and its ecosystem. The Foundation's core focus is in developing a Cardano adoption strategy through to integration and execution, to enable fast-track value creation for inclusive and equitable growth. As the legal custodian of the protocol and the owner of the Cardano brand, the Foundation works to drive adoption and partnerships, grow the wider blockchain community, shape legislation, and commercial standards, and ensure stakeholder accountability. Find out more: www.CardanoFoundation.org.

About Flipside Crypto: Flipside Crypto provides business intelligence for blockchains. Their proprietary process extracts all on-chain data and applies labels to transactions in order to identify on-chain behaviors. The data is then streamed into business intelligence dashboards, to provide a clear view of real-time stakeholder behaviors and all token flows. These dashboards can be made public through the Flipside Data Co-Op and Community Console.

Flipside also rates crypto assets using FCAS, a relative value for measuring the fundamental health of cryptocurrency ecosystems. The team provides business intelligence to more than 75 cryptocurrency organizations and distributes FCAS via partners such as CoinMarketCap, Messari, MarketWatch and TheStreet. Flipside Crypto is backed by Galaxy Digital Ventures, True Ventures, Founder Collective, Coinbase Ventures, Digital Currency Group, Avon Ventures (a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments) and other investors.