Ethereum Analytics Firm Nansen Acquires DeFi Tracker Ape Board


Leading Ethereum blockchain analytics platform Nansen continues to scale its operations by acquiring a cross-chain decentralized finance (DeFi) tracker.

Nansen has acquired multi-chain portfolio tracker Ape Board in an eight-figure deal, the company told Cointelegraph on Tuesday.

Closing later in May, the acquisition will bring together teams from both platforms, aiming to combine Nansen’s analytics and Ape Board’s portfolio tracking to provide an all-in-one insights service.

As part of the acquisition, 13 Ape Board employees will join Nansen’s team of 120 analysts, product managers and engineers to jointly deliver Web3’s “definitive information super-app”.

“Ape Board will become the starting point for a new Nansen Portfolio tracker. It will be free to use and will integrate seamlessly with the rest of Nansen’s features,” a Nansen spokesperson told Cointelegraph.

Founded in 2019, Nansen was named after scientist and explorer Fridtjof Nansen, as the platform focuses on providing data and analytics on the Ethereum blockchain. The platform is backed by some top industry investors like Andreessen Horowitz and Coinbase Ventures. In 2021, Nansen raised $12 million in a Series A funding round to build a blockchain analytics platform for the DeFi sector.

Ape Board was a perfect match for Nansen to aspire to his DeFi ambitions. Launched in 2021, Ape Board is designed to provide an aggregator bringing together all DeFi investments on a single platform. The platform supports 36 blockchains including Ethereum (ETH), BNB Smart Chain (BNB), Terra (LUNA), Solana (SOL), Binance Exchange and Polygon (MATIC) as well as 390 protocols.

Related: Robinhood Acquires British Crypto Firm Ziglu to Push Expansion Plans

With this new acquisition, Nansen aims to pave the way to become the go-to news super-app for Web3, a company spokesperson said, adding:

“The next 12-18 months will likely mark a period of consolidation for crypto. Nansen has a strong war chest, and we plan to continue to be aggressive in our growth and build an unparalleled all-in-one market intelligence platform.

“Getting data from the cryptocurrency ecosystem, especially DeFi protocols and blockchains, is complex and fragmented,” said Nansen CEO Alex Svanevik. “With this acquisition, we are taking a big step forward in bringing together all the market information a trader, institution or company needs under one roof,” he added.

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