Blockaid, a blockchain security firm, has launched its State of the Chain dashboard. This dashboard is an interactive tool offering a detailed view of Web3 activity and threats from 2024, according to a press release shared with crypto.news. The dashboard leverages data from Blockaid’s on-chain detection and response platform, which analyzed billions of transactions over the year. The platform processed 2.41 billion transactions, 780 million decentralized app connections, and 220 million tokens in 2024. It highlights trends such as transaction volumes and security risks while identifying common threats like scams and malicious tokens. You might also like: Hawk Tuah Hailey Welch sued over $50m meme coin debacle 71 million potential attacks prevented Key findings from the press release include the prevention of 71 million potential attacks by Blockaid’s 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 were identified as malicious, with rug pull scams — where developers disappear after raising funds—accounting for 27% of these tokens. The dashboard’s quarterly updates aim to keep users informed about changes in Web3 activity and risks. By providing data on scams and threats, the tool seeks to help organizations and users better navigate the growing Web3 space. You might also like: El Salvador to discontinue Bitcoin wallet Chivo in $1.4b IMF deal
