Historical bottom signal again? Messari, once valued at $300 million, sold for $10 million

▤ Summary

Messari, a crypto data and research platform, was acquired by Blockworks for just over $10 million after once being valued at $300 million. The article frames the deal as part of a broader contraction across crypto software, research, media, and data businesses. It highlights layoffs, shutdowns, and sales at companies like DappRadar, Parsec, CoinGecko, CoinDesk, Bankless, and Dune. It also argues that AI is compressing the value of research work and pushing the industry into a deep reset. The piece closes by suggesting that extreme fear and depressed VC activity may signal a long-term market bottom.

▦ Linked Companies

Blockworks

$1M to $5M