The Challenge: High-Volume On-Chain Revenue, Low-Quality Accounting
Zapper lets users explore all transactions that are happening onchain, in real time. Users can track DeFi and NFT portfolios, and find opportunities across more than 50 chains, through web and mobile apps.
With this footprint comes accounting pressure. Zapper earns fees from every swap on the platform, producing continuous revenue inflows in many different tokens. The volume is high, and the asset mix is long tail.
Before TRES, Zapper ran digital asset accounting on Bitwave. Alongside experiencing issues with their support system, two main problems kept repeating:
- Token valuation errors. Mispriced tokens distorted treasury and revenue reporting.
- Slow reporting. Exporting and running reports at transaction scale took too long for month-close.
Marc-Antoine Proulx, Head of Operations at Zapper, says: “We had issues with random tokens being valued at absurd prices, which artificially inflated the treasury value and revenue generated, if not caught.”
The Decision: Upgrade for Scale
After recurring valuation errors and slow reporting, Zapper evaluated three alternatives and selected TRES for performance at scale and cost fit for their workflow.
The Solution: TRES Integrated with QuickBooks
Zapper implemented TRES and connected it to QuickBooks. The TRES team owned the migration, reducing the workload on Zapper and keeping the transition straightforward.
How Zapper Uses TRES:
Zapper’s current use is focused on recurring finance workflows:
- Daily reconciliation across revenue and treasury wallets
- Monthly bookkeeping and close
- Automation for high-volume transaction categories
The Impact: Cleaner Data and Faster Close
TRES delivered improvements in two key areas:
1. Reporting accuracy through better data
Valuation errors decreased, reducing artificial swings in treasury value and revenue totals caused by incorrect token prices.
2. Faster reporting at scale
Reports that previously took a long time to run now complete quickly enough to support month-end close without delays.
Marc-Antoine notes: “TRES helped improve accuracy, automation, and reporting.”
Zapper’s revenue and treasury activity are multi-chain and high-volume. TRES improved reliability and reporting speed without requiring changes to Zapper’s existing finance stack.
Interested in TRES?
