Blockchain browser developer Cymbal has completed a $18.5 million financing round, with participation from Coinbase Ventures and others

ChainCatcher news, California-based blockchain technology startup Cymbal announced the completion of a $18.5 million financing round, which was participated by First Round Capital, Solana Ventures, CAA Connect, Coinbase Ventures, Patron, GV, Acrew, and UTA Ventures. The funds from this round will be used to expand the business and increase development efforts.

It is reported that Cymbal is building a "readable" Ethereum blockchain explorer that transforms complex on-chain data into visual and easy-to-understand transaction summary analyses, such as wallet portfolio rankings, the number of NFT buyers, sales figures for specific crypto projects, etc., making it easier for ordinary users to understand. Currently, Cymbal supports the analysis and processing of Ethereum blockchain data, with plans to expand to the Solana blockchain in the future.