Blockaid new dashboard to track Web3 activity and threats

Blockaid, a blockchain security firm, has launched the State of the Chain dashboard.

This dashboard is an interactive tool that provides a detailed view of Web3 activity and threats in 2024, according to a press release shared with Crypto.news. The dashboard leverages data from Blockaid’s on-chain detection and response platform, which analyzes billions of transactions throughout the year.

The platform processed 2.41 billion transactions, 780 million decentralized application connections and 220 million tokens in 2024. It highlights trends such as transaction volumes and security risks while identifying common threats such as fraud and malicious tokens.

71 million potential attacks prevented

Key findings from the press release include preventing 71 million potential attacks by Blockaid systems. Despite these efforts, cryptocurrency scams caused $1.4 billion in user losses last year.

The data also reveals that 59.3% of new tokens launched in 2024 have been identified as malicious, and rug-pulling scams where developers disappear after collecting money account for 27% of these tokens.

The dashboard’s quarterly updates are intended to inform users about changes and risks in Web3 activity. Providing data on fraud and threats, the tool aims to help organizations and users better navigate the growing Web3 space.