Solana news: Blockworks Acquires Messari in $10M+ Deal, Marking Shift in Crypto Analytics
Blockworks Acquires Messari in Major Crypto Analytics Deal
Blockworks, a prominent crypto data and media company, has acquired analytics firm Messari in a deal valued at over $10 million, according to a Wall Street Journal report. Messari, known for its extensive digital asset data coverage, is backed by investors such as Brevan Howard Digital and Point72 Ventures.
Background and Strategic Shifts
Messari previously raised $35 million in a 2022 Series B round, reaching a $300 million valuation. Earlier this year, the company underwent leadership changes and staff reductions as it shifted towards an AI-first approach. In April, Messari announced a Series A extension at a $192 million valuation.
Implications for Crypto Data and Research
Blockworks stated that Messari provides data on over 40,000 digital assets and operates an API used by investors, exchanges, and developers. The acquisition aims to expand market data, research, compliance, and investor-relations services. Messari confirmed that enterprise users will retain uninterrupted access to its services and APIs.
Industry Consolidation and Solana Ecosystem Impact
This acquisition is part of a broader trend of consolidation in the crypto data and analytics sector. Recent deals include Kaiko's acquisition of Amberdata and RedStone's acquisition of Security Token Market. Notably, the Jito Foundation recently acquired SolanaFloor, a Solana-focused analytics platform, following its closure after a security incident.
Why This Matters for Solana and the UK
- Messari's data coverage includes Solana, supporting institutional and developer access to Solana analytics.
- UK-based investors and builders may benefit from enhanced research tools and compliance offerings as a result of this consolidation.
- The trend reflects growing demand for robust, institutional-grade blockchain data in the UK and globally.
As the crypto analytics landscape evolves, UK market participants and Solana ecosystem users should monitor how these consolidations affect data availability, research quality, and regulatory compliance.
