Key Takeaways
- • Birdeye, a Singapore-based company, unveiled Peak on Wednesday, an institutional crypto terminal targeting investment funds, family offices and professional traders, with subscriptions starting at $799 per month and custom packages for larger institutions.
- • According to Birdeye's internal research, roughly two-thirds of crypto trades are driven by bots, with automated activity accounting for as much as 80% of Solana trading volume, while only 1% to 3% of wallets behave like bots.
- • Peak tracks spot volume by exchange, liquidity depth, holder concentration, ETF flows, regulatory filings, fundraising history, token unlock schedules and wallet activity across more than 400 exchanges and 20 blockchains.
- • Birdeye has not published its full methodology, which it plans to release in December alongside a Solana year-end report, and the figures have not been independently verified.
- • The launch comes amid consolidation in crypto analytics, including Kaiko's acquisition of Amberdata, Blockworks' purchase of Messari for a reported sum above $10 million, and Dune's 25% workforce cut.
Summary
Singapore-based Birdeye has launched Peak, an institutional-grade crypto terminal aimed at investment funds, family offices and professional traders. According to BeInCrypto, subscriptions start at $799 a month, with custom packages available for larger institutions. Birdeye already supplies data to major crypto platforms, and its infrastructure tracks more than 400 exchanges across 20 blockchains. Peak extends that data directly to institutional users.
The product is designed to help investors interpret trading volume. Users can look up an asset such as Bitcoin and view spot volume across individual exchanges with each venue's market share, along with liquidity depth, holder concentration, ETF flows, regulatory filings and fundraising history. The terminal also covers token unlock schedules, wallet activity and risk measures, and offers AI-assisted research, watchlists and spreadsheet exports. Co-founder and CEO Kha Nguyen told BeInCrypto that the token screener, known as Birdeye Terminal, was the company's first major product and now serves millions of retail users.
Birdeye's research centers on the claim that automated trading dominates crypto markets. The company estimates that about one-third of trades come from humans and two-thirds from bots, and that up to 80% of Solana volume is automated. Birdeye classifies bots using rule-based analysis, flagging behavior a human cannot perform, such as several trades per second, complex contract interactions, or purchases within seconds of a token listing. Nguyen argued that a very small number of bots accounts for most trading volume, and that distinguishing this activity is what institutions need. BeInCrypto notes that the findings are preliminary, that the methodology has not been published, and that automated trading does not necessarily indicate manipulation.
The launch arrives during a shake-up in crypto data. Kaiko acquired Amberdata in June, Blockworks bought Messari the same month for a reported sum exceeding $10 million, well below Messari's $300 million valuation in 2022, and Allium raised $40 million while Dune cut 25% of its workforce to refocus on institutional customers and AI. Birdeye has taken no outside funding. Nguyen said the company would welcome new investors if the timing is right, but emphasized that capital should be deployed only for genuine business needs.
The product is designed to help investors interpret trading volume. Users can look up an asset such as Bitcoin and view spot volume across individual exchanges with each venue's market share, along with liquidity depth, holder concentration, ETF flows, regulatory filings and fundraising history. The terminal also covers token unlock schedules, wallet activity and risk measures, and offers AI-assisted research, watchlists and spreadsheet exports. Co-founder and CEO Kha Nguyen told BeInCrypto that the token screener, known as Birdeye Terminal, was the company's first major product and now serves millions of retail users.
Birdeye's research centers on the claim that automated trading dominates crypto markets. The company estimates that about one-third of trades come from humans and two-thirds from bots, and that up to 80% of Solana volume is automated. Birdeye classifies bots using rule-based analysis, flagging behavior a human cannot perform, such as several trades per second, complex contract interactions, or purchases within seconds of a token listing. Nguyen argued that a very small number of bots accounts for most trading volume, and that distinguishing this activity is what institutions need. BeInCrypto notes that the findings are preliminary, that the methodology has not been published, and that automated trading does not necessarily indicate manipulation.
The launch arrives during a shake-up in crypto data. Kaiko acquired Amberdata in June, Blockworks bought Messari the same month for a reported sum exceeding $10 million, well below Messari's $300 million valuation in 2022, and Allium raised $40 million while Dune cut 25% of its workforce to refocus on institutional customers and AI. Birdeye has taken no outside funding. Nguyen said the company would welcome new investors if the timing is right, but emphasized that capital should be deployed only for genuine business needs.
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