Band Protocol
Band (formerly Band Protocol) is a Singapore-based decentralized oracle network delivering real-time cross-chain price feeds, VRF, and AI social context data via its BandChain blockchain to DeFi, GameFi, and AI agent developers across 12+ blockchain ecosystems.
- Company typePrivate
- Founded2017
- HeadquartersBan Khlong Tan, Thailand
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Band Protocol does
Band (formerly Band Protocol) is a Singapore-based blockchain infrastructure company that operates a decentralized cross-chain data oracle network. Founded in 2017, the company operates BandChain — a delegated proof-of-stake blockchain purpose-built for oracle data delivery — and aggregates price data from 70+ sources (CoinGecko, CoinMarketCap, major centralized exchanges) before relaying verified feeds to 12+ connected blockchain ecosystems including Sonic, COTI, TRON, Monad, Stellar, Injective, Initia, and Cronos. The standard product set includes the Band Standard Dataset (250+ feeds across crypto, commodities, forex, equities), Band VRF (verifiable randomness for gaming and AI), and a Developer Portal enabling cross-chain feed deployment in under 10 minutes. At peak 2021 market activity, BandChain secured over $16.73 billion in Total Value Secured.
The business model is token-mediated rather than traditional SaaS: validators earn BAND token staking rewards (~18% APY), data requesters pay usage fees in BAND tokens, and the IBC-Oracle module allows partner chains like Injective to pay for data requests in Band tokens. Distribution runs through L1/L2 channel partnerships that embed Band as default or recommended oracle, supplemented by a self-serve Developer Portal, the Band Jedi Ambassador Program, and a multi-category Grants Program.
In August 2025, the company rebranded from Band Protocol to 'Band' and launched Membit, a parallel product line positioning the company as the unified data layer for AI and Web3. Membit is a real-time social context layer that uses 100,000+ human Data Hunters and AI classifiers to process 80M+ posts from X, Farcaster, and BlueSky into vector-embedded Context Clusters, delivered via REST API and an MCP Server to AI agents and LLMs. Membit Insight (Jan 2026) sits atop Membit as a consumer-facing market intelligence product with a True Fear & Greed Index and Gem Hunter discovery engine. The company has not disclosed revenue and has not raised a funding round since 2019.
Band Protocol firmographics
Firmographics- Name
- Band Protocol
- Legal name
- Band Protocol
- Website
- https://bandprotocol.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Band (formerly Band Protocol) is a Singapore-based decentralized oracle network delivering real-time cross-chain price feeds, VRF, and AI social context data via its BandChain blockchain to DeFi, GameFi, and AI agent developers across 12+ blockchain ecosystems.
- Ownership category
- akta.pro rank
Band Protocol industry classification
Industry- Product category
- Decentralized Oracle Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Oracle Networks & Off-Chain Data (price feeds, randomness, attestation) (FSAPABAE)
- akta.pro secondary industries
- Oracles, Data Feeds & Attestations (price feeds, randomness, proofs) (FSAPAAAI), Oracle Node Operators & Data Provider Networks (FSADAKAH), Blockchain Data & Indexing Infrastructure for Finance (Nodes, Indexers, Oracles) (FSAGAMAL)
Keywords
Where Band Protocol is headquartered
LocationHeadquarters
- HQ city
- Ban Khlong Tan
- HQ country
- Thailand
- HQ region
- Asia
Markets served
Band Protocol business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Oracle Data Request Fees: BandChain validators and data providers earn revenue from processing data requests. The IBC-oracle module allows chains to request data and pay for requests with Band tokens, filling up to 80% of block capacity during peak periods.
- BandChain Phase 2 Gateway - Data Provider Marketplace: Data providers can easily participate in supplying data on BandChain and receive on-chain revenue in Band tokens, creating a decentralized marketplace for data.
- BAND Token Staking Rewards: Validators run the infrastructure of BandChain and earn staking rewards. Users delegate BAND tokens to validators to secure the network and earn ~18% APY.
- Membit Points and Rewards: Data Hunters earn points for validated data submissions through the Membit platform. Points can be redeemed for API credits, exclusive merchandise, and potentially BAND tokens.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Band Protocol product offering
Product offeringCore offering
Band Protocol (rebranded to "Band" in August 2025) operates a decentralized cross-chain data oracle network connecting smart contracts with real-world data. Its core products include BandChain (a delegated proof-of-stake blockchain purpose-built for oracle data delivery), Band v3 (push-based price feed oracle with 10X throughput), Membit (social context layer for AI), and Band VRF (verifiable random function). The platform serves DeFi, GameFi, AI, and privacy-focused blockchain applications across 12+ integrated ecosystems including Sonic, COTI, TRON, Monad, Stellar, Injective, and Initia, with 250+ data feeds available in the Band Standard Dataset.
Product overview
Band operates as a unified data layer for AI and Web3, comprising two interconnected product lines. The first is Band v3 / BandChain, a decentralized oracle network delivering real-time price feeds and custom data to blockchain applications across 12+ integrated chains (Sonic, COTI, TRON, Monad, Stellar, Injective, and more). BandChain serves as the underlying proof-of-stake blockchain secured by validators, while the Band Standard Dataset, Cosmoscan, Band Partners, and Developer Portal provide supporting tooling. The second is Membit, a real-time social context layer for AI that aggregates data from X, Farcaster, and BlueSky through 100,000+ Data Hunters, delivering structured Context Clusters via API and MCP Server to power AI agents and LLMs. Membit Insight sits atop Membit as a market intelligence consumer product. Band VRF adds verifiable randomness for gaming and AI use cases. Community programs include the Jedi Ambassador Program and Grants Program.
Differentiator
Problem solved
Functional benefit
Brands
- Membit: A context layer for AI that uses human-curated social data to help AI models understand the world in real-time, with over 100,000 Data Hunters contributing.
- Band VRF
- BandChain
- Band Jedi Ambassador Program
Products and services
- Band v3 Band v3 is the current generation of Band's decentralized oracle network, serving as the unified data layer for AI and Web3. It delivers real-time, tamper-proof price feeds and custom data across multiple blockchains with broader coverage, lower latency, and more developer tools than prior versions. Band v3 is secured by BandChain's delegated proof-of-stake consensus mechanism and powers DeFi, GameFi, and AI agent applications.
- BandChain BandChain is Band's purpose-built blockchain for delivering fast, secure, and decentralized real-world asset price data to applications. It uses delegated proof-of-stake consensus, aggregates data from multiple sources, and relays verified prices to connected blockchains. BandChain Phase 2 (Laozi) added dynamic gas and IBC oracle capabilities.
- Band VRF (Verifiable Random Function) Band VRF generates tamper-proof, unpredictable random values secured by BandChain's decentralized validator network using BLS signature aggregation. Used for fair randomness in gaming, NFTs, lotteries, and AI applications requiring verifiable on-chain randomness. Live on XION, Initia, Cronos, and Zaar Chain.
- Membit Membit is a real-time social context layer for AI that aggregates, verifies, and clusters social media data (from X, Farcaster, BlueSky) via a global network of 100,000+ Data Hunters. It transforms unstructured social posts into structured, vector-embedded Context Clusters delivered via API and MCP Server to AI applications, enabling LLMs and AI agents to access authentic, real-time human sentiment.
- Membit Insight Membit Insight is a market intelligence platform built on top of Membit's context layer, providing traders with real-time sentiment analysis from 80M+ social posts. Features include the True Fear & Greed Index (100% sentiment-based, gauge 0-100) and Gem Hunter discovery engine for identifying emerging market opportunities.
- Band Developer Portal Band Developer Portal is the gateway for deploying data feeds across multiple chains in under 10 minutes. Features a four-step flow: select symbols, pick chain, test on testnet, and deploy to mainnet, powered by Router Protocol interchain messaging. Free two-week trial available.
- Band Standard Dataset Band Standard Dataset provides developers access to over 250+ cryptocurrency, commodity, and foreign exchange price feeds that have passed the Band Standard. Symbols listed imply faster integration process. Updated as part of Band v3 ecosystem.
- Cosmoscan Cosmoscan provides live updates of BandChain data requests being fed through and validated by the validator network. Used for monitoring network activity and data request volume.
Quantifiable outcome
- Over $16.73 Billion in Total Value Secured (TVS) during peak market activity in 2021
- +6 more outcomes
Companies that use Band Protocol
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles5 records
Band Protocol technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration23 records
AI capability9 records
Feature8 records
Band Protocol partnerships and signals
Strategic signalPartnerships
24 partnerships are on record, tiered core and strategic.
- COTIcoreBand expanded its price feed coverage on COTI Network with ADA, USDT, and gCOTI, building on existing WBTC, ETH, COTI, and USDC feeds. Band powers all price data for the COTI Privacy Portal, enabling users to convert public tokens to private tokens with non-custodial, fully on-chain functionality.
- SoniccoreBand Protocol migrated its price feed oracle from Blaze testnet to Sonic Testnet, and is officially live on Sonic mainnet. Band delivers price feeds for DAI, ETH, S, USDC, USDT, and WBTC on Sonic. Band is the first push-based oracle on Sonic, providing real-time data updates with reduced latency and lower network congestion.
- MonadcoreBand is live on Monad Mainnet from Day 1, providing fast, reliable, and cost-efficient data oracles for high-performance DeFi applications. Band provides validated, production-ready price feeds for USDC, USDT, SOL, ETH, and WBTC at mainnet launch. The integration leverages Band's Cross-Chain Oracle network for secure, verifiable data relay from BandChain to Monad.
- TRONcoreBand is officially live on TRON Testnet, delivering live, verifiable price feeds including BNB, BTC, BTT, ETH, JST, KNC, NFT, SUN, TRX, TUSD, USDC, USDT, and WBTC. This integration empowers developers building DeFi, GameFi, and cross-chain applications with real-world data.
- ArcstrategicBand officially integrated with Arc, marking a major milestone in expanding decentralized data accessibility across modular blockchain ecosystems. Arc is a stablecoin chain focused on open-source and multi-oracle innovation.
- HodlHerstrategicMembit (Band's social context layer for AI) is working with HodlHer to integrate real-time social and emotional intelligence into their AI agents built on Injective. Membit supplies verified, real-time information from X, Farcaster, and BlueSky to enable adaptive reasoning and personalized interaction for AI agents.
- StellarcoreBand RWA Feed for treasury bills and collateralized loan obligations is live on Stellar mainnet, delivering data for Centrifuge's deRWA. This enables real-world asset tokenization on Stellar blockchain.
- InitiacoreBand VRF (Verifiable Random Function) is live on Initia mainnet, unlocking a new level of fairness and transparency for developers across the ecosystem for on-chain gaming applications.
- XIONcoreBand VRF launched on XION via IBC, delivering fairness, transparency, and trust to fun applications on the platform through secure randomness for GameFi.
- SoniccoreBand Protocol officially live on Sonic mainnet following successful testnet integration. Band delivers key price feeds for DAI, ETH, USDC, USDT, WBTC, and S (Sonic's native token) to power DeFi, Gaming, NFTs, and Real World Assets (RWAs) on Sonic.
- COTIcoreBand Protocol integrated with COTI to deliver secure and reliable oracle solutions for its privacy layer. Band provides price feeds for BTC, COTI, ETH, and USDC, with support for more data as the ecosystem evolves. The integration enables developers to build scalable, data-driven DeFi applications while prioritizing privacy. Bancor's Carbon DeFi is the first application utilizing Band Oracle on COTI.
- Zaar ChaincoreBand VRF integration with Zaar Chain, an EVM Minitia (L2) built on Initia with Celestia as foundation for data availability, enhancing decentralized gaming experience.
- SoniccoreBand Protocol became the first push-based oracle on Sonic testnet, enhancing dApp reliability with real-time data updates, reduced latency, and lower network congestion. Band Price Oracle powers key feeds for DAI, ETH, FTM, USDC, USDT, and WBTC on Sonic testnet.
- CronoscoreBand VRF integration with Cronos EVM (Layer 1) for gamifying yield farming strategy, following successful integration of Band Price Feed on Cronos zkEVM.
- InjectivecoreSince 2020, Band Protocol has provided oracle price feeds to Injective, ensuring reliable on-chain data for decentralized markets. The partnership evolved to include Membit powering AI agents on Injective with real-time social context data.
- Bancor (Carbon DeFi)coreCarbon DeFi by Bancor is the first application to utilize Band Oracle on the COTI network. Uses Band Oracle as reliable endpoint for token price information to power automated trading strategies with customizable buy/sell ranges.
- Mirror ProtocolcoreMirror Protocol on Terra Ecosystem was one of the key integrations that contributed to BandChain reaching $16.73B in Total Value Secured during peak 2021 market activity.
- Alpha Finance LabscoreAlpha Finance Labs integrated Band Oracle across Ethereum, Avalanche, and BSC chains for cross-chain DeFi applications.
- C.R.E.A.M. FinancecoreC.R.E.A.M. Finance utilized Band Oracle for its lending protocol, one of the key integrations during Band Protocol's rapid expansion phase.
- Oasis NetworkcoreOasis Network mainnet integration, one of Band Protocol's 17 mainnet integrations as of 2021-2022.
- Celo NetworkcoreCelo Network mainnet integration, among the first launches on new Layer 1 and Layer 2 networks where Band was first to launch as oracle provider.
- Sienna NetworkcoreSienna Network on Secret chain mainnet integration, enabling privacy-focused DeFi on Secret Network.
- EVMOScoreEVMOS testnet integration, part of Band Protocol's expansion across Cosmos ecosystem and EVM-compatible chains.
- NervoscoreNervos testnet migration, part of Band Protocol's expansion to new blockchain ecosystems.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
Band Protocol competitors and assessment
Company assessmentDirect peers
- API3: Decentralized oracle using first-party data adapters (Airnodes) operated by data providers themselves. Competes directly with Band for dApp integrations with a similar multi-chain Web3 oracle value proposition.
- Chainlink: The dominant decentralized oracle network for smart contracts, providing price feeds, VRF, and Proof of Reserve across most major blockchains. Directly comparable to Band's core oracle offering and the principal competitor Band must displace or differentiate against.
- Pyth Network: High-frequency, first-party oracle network specializing in low-latency market data primarily for Solana and other high-throughput chains. Comparable to Band as a next-generation oracle targeting DeFi perps and trading on emerging L1s.
- RedStone Finance (RedStone Oracles): Modular oracle network offering push- and pull-based price feeds across EVM and non-EVM chains. Competes with Band on multi-chain price-feed delivery, modular architecture, and DeFi integrations on emerging L2s.
- DIA: Cross-chain open-source oracle platform sourcing data from first-party exchanges and market makers, with strong focus on long-tail assets and custom feeds. Directly comparable to Band's Standard Dataset and cross-chain oracle positioning.
- Tellor: Decentralized oracle using a proof-of-work secured validator network for dispute-resistant data feeds. Comparable to Band as a smaller, alternative oracle network competing for DeFi integrations outside Chainlink's gravitational pull.
- Supra (SupraOracles): Verticalized oracle plus VRF and intra-layer automation network spanning many L1s and L2s. Directly comparable to Band across both oracle price feeds and VRF (Band VRF overlaps with SupraVRF).
- Chronicle Protocol: Oracle network originally spun out of MakerDAO, focused on low-cost, cryptographically attested price feeds primarily for the Ethereum/EVM ecosystem. Comparable as a smaller oracle challenger in the same DeFi price-feed category.
Emerging players
- Switchboard: Permissionless, customizable oracle framework originally built for Solana, now expanding cross-chain. Comparable to Band on technical architecture (customizable feeds, push/pull) but with a narrower geographic and chain footprint.
- Flare Network: Data-focused Layer 1 with native oracle and cross-chain data protocols (FTSO, Flare Data Connector). Comparable to Band as a blockchain infrastructure player competing for the same oracle/data-layer role on emerging chains.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Band Protocol social profiles
Digital presenceBand Protocol financial estimates
Financial estimateRevenue estimate
Valuation estimate
Band Protocol leadership team
Management profileNumber of profiles
Profiles2 records
Band Protocol funding detail
Funding detailFunding overview
Funding rounds3 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Band Protocol M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Band Protocol
What does Band Protocol do?
Band Protocol (rebranded to "Band" in August 2025) operates a decentralized cross-chain data oracle network connecting smart contracts with real-world data. Its core products include BandChain (a delegated proof-of-stake blockchain purpose-built for oracle data delivery), Band v3 (push-based price feed oracle with 10X throughput), Membit (social context layer for AI), and Band VRF (verifiable random function). The platform serves DeFi, GameFi, AI, and privacy-focused blockchain applications across 12+ integrated ecosystems including Sonic, COTI, TRON, Monad, Stellar, Injective, and Initia, with 250+ data feeds available in the Band Standard Dataset.
Is Band Protocol a public or private company?
Band Protocol is a private company. It is classified as venture growth investor backed and is currently operating.
When was Band Protocol founded?
Band Protocol was founded in 2017. It employs 1 to 10 people.
Where is Band Protocol based?
Band Protocol is headquartered in Ban Khlong Tan, Thailand, in the Asia region.
How does Band Protocol make money?
Four revenue lines are on record. Oracle Data Request Fees are the primary driver. The others are bandChain Phase 2 Gateway - Data Provider Marketplace, BAND Token Staking Rewards and membit Points and Rewards.
Who are Band Protocol's main competitors?
Direct peers on record are API3, Chainlink, Pyth Network, RedStone Finance (RedStone Oracles), DIA, Tellor, Supra (SupraOracles) and Chronicle Protocol. Emerging players are Switchboard and Flare Network.
Does Band Protocol have an API?
Yes. Band provides multiple developer-facing APIs. The core BandChain API uses gRPC protocol (via PyBand Python library and Bandchain.js JavaScript library) for interacting with BandChain. Membit offers a RESTful API for AI developers to access pre-clustered social data, as well as an MCP (Model Context Protocol) server enabling AI agents to integrate real-time social context. Band Standard Reference Contracts (Solidity) provide on-chain price feed access via smart contracts. Developer documentation is at docs.bandchain.org.
What industry is Band Protocol in?
Band Protocol's product category is Decentralized Oracle Infrastructure. Its primary akta.pro industry code is FSAPABAE, Oracle Networks & Off-Chain Data (price feeds, randomness, attestation), with a secondary code of FSAPAAAI, Oracles, Data Feeds & Attestations (price feeds, randomness, proofs). Its NAICS code is 5182 and its SIC code is 7370.