👋Introduction
A. Lack of infrastructure
In the modern digital landscape, data has become the “new oil” of the 21st century. With the rise of cryptocurrency and blockchain networks, a novel form of digital oil is now traded openly on the public internet. As adoption of these networks grows across diverse applications, the volume of publicly available data skyrockets—intensifying the need for new, powerful ways to harness it.
Decentralized Finance (DeFi) has been the vanguard of blockchain-based financial innovation. Yet, most DeFi platforms still lack the real-time, high-fidelity data required for rapid decision-making. This gap in infrastructure, especially for near-instant data retrieval and processing, presents a clear opportunity. Traditionally, in conventional finance, large institutions spend hundreds of millions of dollars relocating servers closer to NYSE data centers to minimize latency. DeFi (and broader Web3 ecosystems) can similarly benefit from Cido’s real-time, quantum-optimized data solutions, bridging market inefficiencies and speeding up key processes.
As block execution scales beyond 100k+ TPS, access to accurate, real-time data becomes vital—not just for DeFi, but also for social media, gaming, DePIN data storage, and other high-throughput applications. These emerging use cases demand transformative solutions that go beyond legacy data retrieval mechanisms. Cido’s quantum-classical synergy leverages Quadratic Unconstrained Binary Optimization (QUBO) techniques to address the computational bottlenecks plaguing current systems, delivering near real-time performance even at massive transaction volumes.
However, the industry still faces multiple challenges:
Network Latency
Indexing Speed
Permissionless Characteristics
Censorship Resistance
Composability
Trust Minimization
No existing product provides all of these features in one package—particularly at the speed and scale required by modern blockchain networks and agentic workflows. By blending classical data pipelines with quantum annealing, Cido aims to fill this void, offering an integrated, future-proof solution that reshapes how on-chain and off-chain data is captured, indexed, and delivered.
B. Market Opportunity
The number of users onboarding to decentralized applications continues to rise at an impressive pace. At the time of writing, DappRadar reports UAW (unique active wallets) for top active Dapps—Raydium, Particle Network, and Hot Game—at 3.57M, 2M, and 1.76M UAW respectively.
For sector growth, games, social, and exchanges lead with 33M, 19M, and 25M UAW respectively—experiencing 385%, 2950%, and 587% CAGR over the last two years. Figure 1.1 below illustrates the exponential rise in UAW from 2022 to 2024.
Figure 1.1 Exponential growth in Market Sector Unique Active Wallets.
On the network side, Solana, Near, and Polygon lead with 19M, 17M, and 3M unique active wallets, reflecting substantial expansion of 1600%, 1700%, and 167% CAGR over the same period. While some growth may be tied to airdrop farming rather than purely organic participation, Figure 1.2 underscores the notable surge in UAW for each network.
Figure 1.2 Exponential growth in Network Activity.
DappRadar estimates that there are currently 16,000 blockchain Dapps across all categories. All of these Dapps require some form of indexing to retrieve user wallet data—forming a TAM (Total Addressable Market) of 16,000. Initially focusing on EVM-compatible chains (a SAM of 13,000 Dapps), Cido will later expand to support non-EVM networks. Leveraging quantum annealing for combinatorial tasks (like graph optimization or advanced data partitioning), Cido aims to provide faster, more accurate indexing solutions, delivering a significant performance edge as on-chain data complexity increases.
Other key use cases that benefit from quantum-optimized indexing include:
Market Makers & High-Frequency Trading
Intent-Centric Navigation & Account Abstraction
Point Systems
Dashboards & Analytics
Wallets
Compliance & Security Tools
Over the last half decade, despite market fluctuations, decentralized applications have steadily proliferated. This trend is expected to persist as blockchains continue to evolve in both transaction throughput (TPS) and user adoption, underscoring the need for future-ready indexing solutions such as Cido’s.
C. Vision
Our long-term goal is to scale blockchain indexing services in tandem with rising TPS and greater UAW on these networks. Cido will be the first to offer both premium and democratized access to fast, efficient, and quantum-optimized indexing—delivered through permissionless, censorship-resistant, composable, and secure infrastructure.
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