Key facts
- Blockworks has acquired its rival crypto data provider, Messari.
- The acquisition price for Messari exceeded $10 million.
- Messari was previously valued at $300 million in 2022.
- Messari recently replaced its CEO and reduced headcount.
- Blockworks expanded into research and data products after starting as a media and events company.
Crypto data and media company Blockworks has acquired analytics firm Messari for more than $10 million, a significant discount from its 2022 valuation of around $300 million. The acquisition consolidates two key players in the crypto data and analytics sector, reflecting a broader trend of consolidation within the industry.
Messari, which provides data coverage for over 40,000 digital assets and operates an API, recently underwent leadership changes and layoffs as it shifted towards an AI-first strategy. Blockworks, which began as a media and events company and has expanded into research and data products, stated the combined business would enhance its market data, research, compliance, and investor-relations offerings.
This deal follows other recent M&A activity in the crypto intelligence space, including Kaiko's acquisition of Amberdata, RedStone's acquisition of Security Token Market, and the Jito Foundation's acquisition of SolanaFloor. These transactions highlight a push to consolidate institutional-grade crypto market data and analytics.