The Generalist Names Allium as One of 2024's Future 50 Startups

The article was originally written by The Generalist, at the following link: https://thegeneralist.substack.com/p/future-50-2024. If this development excites you, feel free to explore our Careers Page to contribute to defining the standard of blockchain data infrastructure: https://jobs.ashbyhq.com/allium.
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What Allium Labs does

Despite the transparency afforded by blockchains, gathering reliable data isn’t always easy. Using it effectively is often even trickier. 

Allium is simplifying this process, helping enterprise clients collect near real-time high-quality data in easy-to-use formats. Its platform is made up of Allium Explorer, an intuitive querying interface full of thoughtful features. To reduce the number of SQL queries an analyst needs to make, for example, Allium automatically includes USD values in every schema and a wallet’s token history. The platform’s new AI assistant enables questions to be asked in plain English, rather than an 1000+ line SQL query, saving analysts significant time.

Allium Developer is designed for engineers. Developers can use Allium’s APIs to have critical data delivered directly into their products, powering a range of blockchain applications. The startup offers customized schemas that can be used for a range of use cases from analyzing stablecoin usage to DEX activity. 

One of Allium’s key advantages is an automated data verification model that self-heals inaccurate and inconsistent data. That sell has appealed to large players across traditional finance and web3 players, with Allium counting Visa, Stripe, Phantom, Greyscale, and MoonPay as customers.

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Why We Chose It

Allium has a growing chance to be the Bloomberg of the digital assets realm. Other, more mature players, will have plenty to say to that claim, but the level of trust Allium has earned in a short-period of time hints at something special.

1. Domain expertise. CEO Ethan Chan previously served as Director of Engineering at Primer, a data and AI startup serving customers in Defense and Intelligence circles. That experience, plus a long-standing interest in crypto, gives him a deep appreciation for the data infrastructure needed to offer a product like Allium. 
2. Industry trust. In a short space of time, Allium has earned trust from web2 and web3 heavyweights including Visa, Grayscale, and MoonPay. Allium’s traction with this group is especially impressive given how crowded the blockchain data space looked over the past few years. It’s an indication that Allium offers something novel and valuable.
3. A cost-saver for web3. Allium has found a valuable niche partnering with projects issuing Airdrops. Its data can ensure players like Jupiter and Wormhole distribute tokens to legitimate users, rather than issuing them to grifters. The impact of Allium’s data can be profound; it estimates it helped save Wormhole more than $100 million in wasted tokens. 
4. An intuitive product. Part of Allium’s magic is making blockchain data much easier to use. It offers more than 100 schemas, designed for different use cases, and integrates with a range of tools from Snowflake to Hex. The result is an intuitive, pragmatic platform that fits existing workflows. 

Fun fact: A few years ago, my flight to Berlin was delayed. I got talking to the person next to me, who happened to be Allium CEO Ethan Chan. We had a very nice dinner in the airport and, eventually, a flight to Germany. 

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