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Product Keynote: Birdeye

By breakpoint-25

Published on 2024-12-12

Birdeye announces Birdeye Peak, a Bloomberg Terminal-style platform designed to bring institutional-grade crypto data tools to Solana

The notes below are AI generated and may not be 100% accurate. Watch the video to be sure!

Solana's leading crypto data provider is building what could become the Bloomberg Terminal of the crypto world. At Breakpoint 2025, Birdeye CEO and co-founder Kha Nguyen unveiled Birdeye Peak, an ambitious platform designed to consolidate fragmented crypto market data into a single, institutional-grade interface.

Summary

Birdeye, which currently serves over 4,000 enterprise data clients and has established itself as the number one crypto trading data provider on Solana, is making a bold move into the institutional market intelligence space. The company's new product, Birdeye Peak, aims to solve a critical problem that has plagued the crypto industry: professionals making million and billion-dollar decisions based on unqualified, fragmented, and often incorrect data.

The platform represents a significant evolution for Birdeye, which has already demonstrated its market intelligence capabilities through flagship reports created in partnership with major players like Purna and Moonpay. The company is doubling down on this direction with new real-world assets reports produced in collaboration with R3, and an upcoming State of Solana report planned for early Q1 next year.

Birdeye Peak draws direct inspiration from traditional finance tools like Bloomberg Terminal and FactSet, but promises to deliver far richer crypto-specific content than those established platforms currently offer. The development process involved extensive research into the workflows, daily habits, and decision-making processes of investment bankers, family offices, fund managers, and project leaders—right down to which keyboard buttons they prefer to press.

The platform is entering public beta in Q1 2025, with access initially limited to a curated group of pre-registered users. This controlled rollout suggests Birdeye is taking a methodical approach to gathering feedback and refining the product before broader availability.

Key Points

The Problem of Fragmented Crypto Data

The crypto industry suffers from a fundamental data quality problem that most participants have simply learned to accept. Professionals seeking information about any particular project currently must navigate a dozen different websites, read numerous reports, and piece together information from scattered sources. This fragmentation leads to slow decision-making, inconsistent information, and—perhaps most dangerously—frequent instances of incorrect data.

What makes this situation particularly alarming is the scale of decisions being made on this shaky foundation. As Nguyen emphasized, professionals are routinely making investment decisions worth millions and billions of dollars based on unqualified data. The "shocking truth" Birdeye discovered while building their products and business is that wrong data occurs far more frequently than most people realize.

Birdeye Peak: Complete Crypto Visualization

Birdeye Peak represents the company's answer to the institutional data problem—a platform designed to provide complete visualization of the entire crypto market in one unified interface. The tool promises that users can access any data they need within five seconds, addressing the speed concerns that plague current market intelligence gathering.

The platform incorporates institutional-grade tools including market indexes and portfolio management features. Crucially, Birdeye has invested enormous time and effort into data cleaning, with much of this work performed manually to ensure accuracy. This attention to data quality directly addresses the industry's reliability concerns and positions Birdeye Peak as a trustworthy source for professional decision-making.

Learning from Traditional Finance

Rather than reinventing the wheel, Birdeye took a pragmatic approach by studying successful solutions in traditional finance. Bloomberg Terminal and FactSet have long provided comprehensive market data and analytics to finance professionals, but their crypto content has lagged behind the rapidly evolving digital asset space.

Birdeye's strategy combines the proven user experience and interface design principles from these established platforms with the deep crypto expertise and comprehensive data that Birdeye has accumulated as Solana's leading data provider. This hybrid approach leverages decades of traditional finance tool development while filling the crypto-specific gaps that legacy platforms have struggled to address.

Market Intelligence Expansion

Beyond the Birdeye Peak announcement, the company is clearly positioning itself as a comprehensive market intelligence provider. The partnership with R3 for the real-world assets report (dubbed "RWAs Fraction 2025") demonstrates Birdeye's commitment to covering emerging crypto sectors. Real-world asset tokenization represents one of the fastest-growing areas in blockchain, making this focus particularly timely.

The upcoming State of Solana report, planned for early Q1 next year, will provide ecosystem participants with comprehensive analysis of the network's health and development. Birdeye extended an open invitation for projects to be featured in the report, suggesting it will serve as a significant benchmark document for the Solana ecosystem.

Facts + Figures

  • Birdeye serves over 4,000 enterprise data clients, many of whom were present at Breakpoint 2025
  • Birdeye is the number one crypto trading data provider on Solana and among the top across the entire crypto industry
  • Birdeye Peak public beta is scheduled for Q1 2025
  • Initial beta access will be limited to a curated group of pre-registered users
  • The platform promises data accessibility within 5 seconds of navigation
  • Birdeye's first flagship market reports were created with Purna and Moonpay
  • A new real-world assets report has been produced in partnership with R3
  • A State of Solana report is planned for early Q1 2025
  • The development team studied the workflows of investment bankers, family offices, fund managers, and project leaders
  • Much of the data cleaning for the platform had to be done manually due to the noisy nature of crypto data

Top quotes

  • "Professionals are making decisions worth millions and billions of dollars based on unqualified data. And that's the shocking truth that we found during when we built our products and business."
  • "What we do is that we actually studied all the people working in the professional financial world—investment bankers, family office, fund managers, project leaders. We studied their workflow, their daily habits, how they work, how they analyze things."
  • "Birdeye Peak is the complete visualization of the crypto world in one single platform."
  • "A lot of the crypto data is very noisy. So we actually put an enormous amount of time and effort to clean the data. And a lot of the data we actually have to do it manually."
  • "I really hope that we can actually work together to build this tool to become the golden standard for the institutional crypto market."
  • "Their crypto content is actually not as good as what we have right now right here at Birdeye."

Questions Answered

What problem is Birdeye Peak trying to solve?

Birdeye Peak addresses the fundamental challenge of fragmented, slow, and often incorrect crypto market data. Currently, professionals seeking information about crypto projects must visit dozens of websites and compile reports from various sources, leading to inefficient workflows and unreliable information. The platform consolidates all relevant crypto data into a single interface, enabling users to access any information they need within five seconds. This is particularly critical given that investment decisions worth millions or billions of dollars are frequently being made on unqualified data.

How does Birdeye Peak compare to Bloomberg Terminal?

Birdeye Peak is designed to bring the sophisticated user experience and functionality of traditional finance tools like Bloomberg Terminal to the crypto market. While Bloomberg and FactSet have excellent interfaces and workflows, their crypto content doesn't match the depth that Birdeye can provide as a dedicated crypto data company. Birdeye studied the UX patterns and workflows that make these traditional tools successful, then combined those insights with their comprehensive crypto data coverage to create a purpose-built solution for digital asset professionals.

When will Birdeye Peak be available?

Birdeye Peak will enter public beta in Q1 2025. However, initial access will be restricted to a carefully curated group of pre-registered users. Those interested in early access can sign up through Birdeye's website. This controlled rollout approach suggests the company is prioritizing quality feedback and iterative improvement before broader availability.

Who is Birdeye Peak designed for?

The platform is built specifically for institutional and professional users, including investment bankers, family office managers, fund managers, and project leaders. Birdeye's development team conducted extensive research into how these professionals work, analyzing their daily habits, decision-making processes, and even their preferred keyboard shortcuts. The resulting tool includes institutional-grade features such as market indexes and portfolio management tools tailored to professional workflows.

What makes Birdeye qualified to build this platform?

Birdeye has established itself as the number one crypto trading data provider on Solana and ranks among the top providers across the entire crypto industry. The company serves over 4,000 enterprise data clients, giving them deep insight into professional data needs. Their track record includes successful flagship market reports produced with partners like Purna, Moonpay, and R3, demonstrating their capability to deliver high-quality market intelligence that the ecosystem values.

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