On-chain analytics tool Parsec announces shutdown

BlockBeats News, February 20, On-chain analytics tool Parsec has announced that after 5 years of operation, Parsec has ceased its services, processing refunds and canceling active subscriptions. Parsec provided on-chain analytics terminals that enabled users to build custom dashboards and data visualizations for DeFi and NFTs.

Parsec launched in early 2021, raising $1.25 million in seed funding and $4 million in seed extension funding from investors including Galaxy Digital, Polychain Capital, Robot Ventures, and Uniswap Ventures.