Chainalysis Acquires Blockchain Data Company Transpose: Aims To Simplify Web3 Applications Development

Zinger Key Points
  • There is demand for flexible and fast APIs in blockchain.
  • Chainalysis seeks to expedite growth plans.

In a significant development, Chainalysis, a major player in blockchain analysis, has announced its acquisition of Transpose, a blockchain data and infrastructure company.

The acquisition is aimed at streamlining the construction of applications using Web3 data, improving user experiences in wallet applications, analyzing financial activities, and complying with tax and regulatory requirements.

Transpose provides real-time blockchain data, enabling easy access to decentralized exchange swaps and NFT transactions via APIs.

It extends its support across seven blockchain networks, including not only Ethereum but also rising Layer 2 networks like Scroll and Arbitrum.

Stationed in New York, Transpose boasts partnerships with crypto-centric businesses like blockchain infrastructure supplier Chainstack.

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The firm's team is composed of individuals with professional backgrounds at renowned companies such as Morgan Stanley, Tesla, and Jump Crypto.

Chainalysis noted that many businesses and developers are already eager to transition away from intricate data systems reliant on untrustworthy node services or incomplete data suppliers and that they are in search of agile, speedy, and reliable APIs capable of readily accessing accurate past and present blockchain data.

With the incorporation of Transpose's technology and team, Chainalysis stated it is poised to satisfy this burgeoning demand, expedite its growth plans, and reinforce its standing as the most dependable, scalable, and user-friendly source of Web3 data and applications in the sector.

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Posted In: CryptocurrencyNewsMarketsBlockchainChainalysiscrypto walletTransposeWeb3
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