GoPlus Report: Blockchain Communities Enhance Web3 Security

GoPlus Labs, a leading provider of Web3 security infrastructure, has released a groundbreaking report highlighting the increasing use and potential of Web3 user security data to enhance risk management. 

The report, titled “Uncharted Consensus: The Widespread Use and Potential of User Security Data in Web3,” showcases GoPlus’s API suite, offering valuable insights into the security of cryptocurrencies, NFTs, and decentralized applications (dApps).

This suite includes modules like the Token Risk API and NFT Risk API, assessing risks associated with various assets, a Malicious Address API for monitoring threats, a dApp Security API for real-time threat detection, and an Approval API for checking address authenticity. The report reveals a growing demand for advanced security tools amid the evolving threat landscape of Web3.

Usage of GoPlus’s APIs has surged, indicating a collective shift towards proactive risk management in the crypto industry. The Token Risk API alone saw peaks of over 20 million calls per day from November 2023, suggesting a keen interest in identifying and mitigating risks. 

The report highlights fluctuating levels of “high-risk” tokens, including “blacklisted” and “honeypot” tokens, showcasing the dynamic nature of threats in the industry. Additionally, threats associated with NFTs, such as unauthorized transfers and self-destruct mechanisms, have exponentially increased.

Ecosystem-specific insights reveal BNB Chain as the most active user of GoPlus’s APIs, followed by Ethereum and Polygon, indicating a widespread commitment to security across different blockchains.

GoPlus Labs pioneers Web3 security with a transparent User Security Network, offering permissionless security data. Utilizing advanced AI, it provides a User Security Module as a Service to any blockchain, witnessing a 5000x growth in user security data usage since 2022, with 21M daily data API calls.

Supporting 20+ chains and collaborating with partners like Altlayer and zkSync, GoPlus introduces innovative products like “Secscan” and Secware Middleware, driving decentralization.

Goplus bolsters Web3 security and decentralization by incentivizing user engagement through its token ecosystem. 

The Goplus Token serves as a “gas fee,” vital for fortifying the user security framework and enhancing its functionality. Additionally, it fosters user involvement as SecWare, Data, and Computing Node Providers, rewarding them with tokens.

Also Read: The Future of Finance: Navigating Security in Blockchain and Crypto Banking