How Important is data related projects in crypto?

I believe we are at a point in the crypto space where a lot of us that interact with crypto are coming to terms with just how vast the ecosystem truly is. The amount of niche that I’ve come across in recent times is proof of that, and I’m not talking about the regular GameFi, DeFi etc.

Think about the amount of people already engaging with Crypto in different capacities, and this number continues to increase everyday.

In my head, I’ve always wondered about the functionality of the backend, how all of these projects are able to keep up with traffic, and ensure that they’re able to deliver on their use case, all the while fostering an ecosystem that can onboard as many users as possible.

That’s probably why in recent times, there has been a lot more focus on projects that cater to the data needs of the ecosystem, take a look at how SXT performed when it listed on Bitget and the amount of traction it’s getting. The only unknown is how valuable these kind of projects are as assets for us investors or traders.