How Layer3 Left Its Previous Accounting Platform Behind — and Finally Ditched Spreadsheets for Good

The Slow Breakdown

When Layer3 first adopted their previous accounting platform, it covered roughly 90% of their chains. That number didn’t hold. As Layer3 scaled, support quietly eroded.

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“Towards the end, our data coverage was only 40% of chains we needed to account for.”

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Every unsupported chain meant another off-platform workflow. Soon, basic reconciliation became a full-time job. Ehsan — Layer3’s finance lead — found himself rebuilding the accounting subledger in Google Sheets, stitching together pricing data, API pulls, and custom scripts.

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“At some point, I was just doing full-time accounting… resembling full subledger functionality in Google Sheets.”

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The tool also buckled under Layer3’s transaction volume. Filtering, navigation, even routine operations eventually stopped working.

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“At some point, the app just became unusable… we couldn’t even do basic functions.”

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Those two failures — support collapsing below 50% and performance breaking under load — finally forced the team to look for alternatives.

The Evaluation: Lots of Promises, Few Solutions

Layer3 tested almost every major crypto accounting platform. The pattern was the same:

• Missing roll-ups
  
  
• Insufficient chain coverage
  
  
• Shallow accounting logic behind shiny interfaces
  
  
• 30% higher costs — for less capability
  
  

“Most apps had improvements, but were lacking things that were critical for our business. They were deal breakers.”

They weren’t simply looking for better polish. They needed depth, power, and a pace that matched their own.

Discovering CryptoWorth

When Layer3 trialed CryptoWorth, the contrast was immediate — not because the UI was flashier, but because the underlying system had real weight.

1. A Platform That Could Match Their Speed

During the trial, CryptoWorth integrated three new chains in a matter of days.

“They integrated a few of them right there… within a few days. The pace actually matches our own pace.”

No other provider came close.

2. Depth Over Shine

Ehsan described CryptoWorth as:

“It feels like a fighter jet cockpit… very robust.”

The features they needed weren’t promises on a roadmap — they already existed:

• Full cost-basis logic
  
  
• Multi-chain ingestion
  
  
• Roll-ups
  
  
• High-volume processing
  
  
• True accounting depth across crypto primitives
  
  

Even when items needed refinement, the architecture underneath was solid.

3. White-Glove, Always-On Support

Across months of migration, the CryptoWorth team worked side-by-side with Layer3 — debugging, optimizing, and shipping fixes quickly.

“I’ve never seen anything like that… very available, very approachable… white-glove service.”

4. Fair Pricing Without the Gaps

Competitors were quoting higher prices while still missing critical features.

“Alternatives were at least 30% more expensive — and with missing functionality.”

CryptoWorth’s model made sense for Layer3’s volume and growth trajectory.

The Turning Point: Life After Migration

The shift was immediate and dramatic.

1. Spreadsheets Gone — Completely

“Now we don’t do any Excel stuff anymore… it’s fully one-stop shop in CryptoWorth.”

No more custom scripts, API pricing pulls, or off-platform reconciliation.

2. 60–70% Reduction in Accounting Effort

“At least cut in half… definitely more than 60%, 70% probably time saving for me.”

The operational burden that had consumed cycles for months evaporated.

3. Confidence in Long-Term Scale

Layer3 needed a partner who could keep pace with constant chain expansion. With CryptoWorth, even niche networks could be onboarded quickly — not months later.

4. Rapid Performance Improvements

When Layer3 surfaced bottlenecks, CryptoWorth responded with architectural upgrades:

“They’re rolling out a big upgrade this month… supposed to address the performance issues altogether.”

This wasn’t a vendor relationship — it was a collaboration.

Why Layer3 Ultimately Switched

Layer3 chose CryptoWorth because it delivered on every dimension that mattered:

• Full chain coverage for a fast-moving operation
  
  
• A team capable of matching Layer3’s execution speed
  
  
• A platform built for real accounting complexity, not surface-level UI
  
  
• A pricing model that made sense
  
  
• A migration experience driven by hands-on, white-glove support
  
  
• A complete removal of spreadsheets and manual reconciliation
  
  
• Scalability for the years ahead
  
  

As Ehsan, Head of Growth put it:

“This has been the biggest positive: the quality of customer service… I’ve never seen anything like it.”

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