On-chain analytics tool Parsec announces cessation of operations

Odaily News On-chain data analytics platform Parsec has announced its official shutdown. The team stated on its official website and social media platforms that the project has ceased operations after five years of service and is currently processing refunds and canceling all active subscriptions.

Launched in early 2021, Parsec provided a customizable on-chain data terminal and analytics platform, enabling users to build data dashboards and visualization tools for areas such as DeFi and NFTs, along with API services. Its Parsec Agent also attempted to integrate large language models (LLMs) for on-chain research and analysis, including prediction markets, social sentiment, and market activity monitoring.

The project had previously completed a $1.25 million seed round and a $4 million seed extension round, with investors including Galaxy Digital, Polychain Capital, Robot Ventures, and Uniswap Ventures.