Uniswap, Galaxy back crypto on-chain analytics platform Parsec in $4M round
Summary
As for new offerings, Parsec has today launched a "team" product and opened its API to the public, which was previously invite-only. Team is a DeFi and NFT analytics product that includes tooling, the complete Parsec feature set, API access and account management service. The API lets developers and analysts integrate Parsecs data into their own systems.While several on-chain analytics platforms exist, including Nansen and Glassnode, Sheehan said Parsecs competitive edge is its maximally customizable and modular dashboard. "Parsec currently supports eight blockchains on its platform Ethereum, Arbitrum, Optimism, Base, zkSync, Avalanche, Canto and Mantle and plans to add five to ten more networks in the coming months, Sheehan said. Some of the networks that interest Parsec are Polygon, Scroll, Monad, dYdX and Berachain, Sheehan added.Leland Lee, an investor on Galaxys venture team who led the Parsec investment, said in a statement, "Companies like Parsec will play a pivotal role in bringing more institutions on-chain by providing deep DeFi and NFT data transparency that enables audits, risk management, and advanced trading strategies."