On-chain analysis tool Parsec announces cessation of operations

According to The Block, the on-chain analytics tool Parsec has announced that after 5 years of operation, it has ceased services and is processing refunds and canceling active subscriptions. Parsec provided on-chain analytics terminals that allowed 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 such as Galaxy Digital, Polychain Capital, Robot Ventures, and Uniswap Ventures.