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Ethereum Analytics Company Nansen Completed Acquisition Of DeFi Tracker Ape Board

By Shannon Wilson | May 18, 2022

High-profile Ethereum blockchain analytics platform Nansen reportedly keeps on widening the scope of its operations via completing the acquisition of a cross-chain decentralized finance (DeFi) tracker.

Specifically, Nansen reportedly finalized the acquisition of the multi-chain portfolio tracker Ape Board via an eight-figure deal. 

Closing later in May, the acquisition reportedly looks to bring the teams of two platforms together, with plans to combine Nansen’s analytics and Ape Board’s portfolio tracking to offer an all-in-one information solution.

As included within the scope of the acquisition, 13 members of Ape Board will become a part of Nansen’s team counting 120 analysts, product managers and engineers, to collaboratively offer the “definitive information super-app of Web3.”

“Ape Board will become the starting point of a new Nansen Portfolio tracker. It’ll be free to use, and will integrate seamlessly with the rest of Nansen’s features,” a Nansen representative additionally remarked. 

Established three years ago, Nansen reportedly got it name from the scientist and explorer Fridtjof Nansen, with the platform concentrating on releasing data and analysis related to the Ethereum blockchain. 

The platform reportedly receives support from a few prominent industry investors such as Andreessen Horowitz and Coinbase Ventures. Last year, Nansen reeled in $12 million of capital injection via a Series A fundraising to develop a blockchain analytics platform for the DeFi industry.

Ape Board served as a perfect partner for Nansen to help it with the DeFi ambitions. established last year, Ape Board was built with the primary goal of introducing an aggregator uniting every DeFi investment into one platform. The platform offers supporting features for 36 blockchains including Ethereum (ETH), BNB Smart Chain (BNB), Terra (LUNA), Solana (SOL), Binance Exchange and Polygon (MATIC) as well as 390 protocols.

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