Data & Research Analyst

Muhammad
Rafi

Data and research analyst focused on digital assets, tokenization, and emerging financial technologies.

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// About
Muhammad Rafi

The Data Must Flow

I’m an onchain data and research analyst based in Jakarta, specializing in digital assets, tokenization, real-world assets (RWA), and protocol analytics across global blockchain ecosystems.

My work includes institutional-grade Dune Analytics dashboards, ecosystem intelligence, and protocol-level research covering onchain activity, digital asset adoption, liquidity flows, and infrastructure trends across major blockchain networks. My research and analytics have been referenced by leading L1s, L2s, DAOs, and industry data platforms.

// Emerging Market Stablecoins

Regional Stablecoin Map

Interactive dashboard coverage across APAC, LATAM, and Africa. Click a highlighted region to open the corresponding live dashboard.

Active Dashboard Coming Soon
// Featured Mentions

Featured & Cited By

Research, dashboards, and threads referenced by protocols, L1s, L2s, and industry data networks across the ecosystem.

REFERENCED BY  · Major L1s, L2s, data networks, and regional Web3 communities — including Polygon, Celo, Kaia, Lisk, IQ AI, and Our Network.
// Projects

Selected Projects

UniCarbon DEX Preview
Uniswap v4SolidityCarbon Credits
UniCarbon
A decentralized exchange for tokenized carbon credits, built on Uniswap v4 Hooks. Developed during the Uniswap Hook Incubator (Cohort 5).
View Project
Cosmic Ledgers Preview
BlockchainData Viz
Cosmic Ledgers
Cosmic Ledgers is a powerful Multi-VM portfolio tracker designed to provide comprehensive insights into crypto assets across various networks and protocols. This platform simplifies portfolio management while offering advanced features.
View Project
Cosmic Ledgers Preview
Dune AnalyticsSQLTemplate
Dune Echo Starter Template
Open-source starter template for Dune Analytics dashboards, designed to help analysts scaffold onchain research projects faster and maintain consistent structure across dashboards.
View Project
Cosmic Ledgers Preview
Web3DApp
U-Dunan
A decentralized application exploring improved user experience patterns and onchain interaction design for Web3 products.
View Project
// Featured Research

Featured Research

Dashboard
Emerging Markets Local Stablecoin
Dashboard tracking 41 local stablecoin protocols across 14 EVM ecosystems in APAC, LATAM, and Africa — representing approximately $934M in aggregate market capitalization.
View Dashboard
Article
The State of Local Stablecoins in Southeast Asia
In-depth analysis of stablecoin adoption patterns, liquidity depth, and ecosystem growth across Southeast Asia.
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Article
Thought Process behind Creating Near Protocol Overview Dashboard
A methodology for designing protocol dashboards that surface actionable insights — covering metric selection, data modeling, and visual hierarchy.
Read Article
Article
The Long Spoon of Indonesia’s Rupiah Stablecoin
An in-depth analysis of Indonesia’s emerging rupiah stablecoin ecosystem, using the “long spoon” parable as a framework to examine coordination challenges between regulators, developers, and private issuers.
Learn More
// Credentials & Experience

Credentials & Experience

Experience

March 2026 - June 2026
SEA Regional Researcher
Scroll DAO · Delegates Contribution Program
2025 — 2026
Crypto Data & Research Analyst
Surf Query · Singapore

Education

2023
B.S. Computer Science (Cum Laude)
Universitas Komputer Indonesia · GPA 3.52 / 4.0

Organizations

Research Contributor
OurNetwork
Developer Cohort 5
Uniswap Hook Incubator

Awards

2025
Top Winners Herd Eco Hackathon
Crowdfunding Mini App on Farcaster
2022
3rd Winner Indonesia Entrepreneur TIK (IdenTIK)
Category: Digital Content
2021
Merit Award
Asia Pacific ICT Alliance (APICTA) · Category: Tertiary Student
2020
1st Winner Indonesia Entrepreneur TIK (IdenTIK)
Category: R&D
2020
1st Winner
Medion Innovation Competition
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