Deloitte acquires cryptocurrency infrastructure company Blocknative

Deloitte announced on Tuesday that it has acquired the crypto infrastructure company Blocknative through a talent acquisition-focused merger. According to the announcement, the Blocknative team will "focus on driving Web3 innovation within Deloitte's client ecosystem" in the future. Currently, Blocknative's official website displays the announcement stating that the company "is gradually ceasing operations." Its Blocknative API and Gas Network services will also be gradually shut down, expected to continue running until June 19.

Founded in 2018, Blocknative is a blockchain infrastructure company that specializes in real-time mempool monitoring, gas fee prediction, and transaction management. The company provides APIs and related tools for optimizing on-chain transactions; its Gas Network is a decentralized oracle network that provides real-time gas fee data. This move comes at a time when the overall crypto ecosystem is undergoing a wave of consolidation. This is also accompanied by traditional companies like Deloitte increasing their exposure to crypto. Deloitte now provides accounting, auditing, and other corporate services to crypto companies.