Nansen Acquires DeFi Portfolio Tracker To Boost Web3 Capabilities

Blockchain data analytics platform does deal in attempt to offer the “information super-app of web3”

article-image

Nansen CEO Alex Svanevik | Photo by Mike Lawrence

share

key takeaways

  • Ape Board lets users track their yield-farming assets across blockchain networks
  • Nansen said it was looking to acquire following its $75 million Series B funding round in December

Blockchain data analytics platform Nansen has acquired DeFi portfolio tracker Ape Board to bolster its Web3 data capabilities. 

The acquisition, revealed Tuesday at Blockworks’ Permissionless conference, closed earlier this month. Terms of the deal were not disclosed. 

Nansen — which began building its platform in 2019 to help users know more about the wallets that are transacting on-chain — combines on-chain data with a growing database of millions of wallet labels.

Founded last year, Ape Board lists nearly 400 protocols across 33 blockchains and one exchange. Its cross-chain decentralized finance (DeFi) dashboard lets users track their yield-farming assets in each network and automatically calculate their net worth.

The acquisition will help Nansen become the “definitive information super-app of web3,” the company said in a news release. It will also spur the future launch of features, such as portfolio tracking, programmatic access to on-chain data and Web3-native communication.

Nansen CEO Alex Svanevik said obtaining data from DeFi protocols and blockchain is complex and fragmented.

“Across the Web3 landscape, investors are forced to utilize an assortment of different tools in order to obtain a singular piece of data that will help inform their investment strategy,” Svanevik said in a statement. “With this acquisition, we take a big step towards bringing all the market intelligence a trader, institution or business needs under one roof.”

The acquisition follows Nansen’s $75 million Series B funding round in December, which was led by Accel, GIC, a16z, Tiger Global, SCB and 10X. The firm raised $12 million for its Series A in June. 

Svanevik said after the more recent fundraise it would hire more team members and look to do strategic acquisitions. The CEO added that the company would spend 2022 focusing on offering institutional clients access to its on-chain data programmatically.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

REPORT_Template.png

Research

The Sonic blockchain is leveraging redesigned airdrop incentives and its FeeM program to propel DeFi activity and attract institutional capital, setting the stage for ecosystem growth. Within this environment, leading protocols Shadow Exchange and Silo are poised to asymmetrically benefit due to innovative features and favorable valuations, despite facing ecosystem dependency and competitive pressures. This positions them as compelling, potentially shorter-term, investment opportunities contingent on Sonic's sustained success.

article-image

Sponsored

WalletConnect is the default for secure, scalable onchain interaction — but this isn’t a peak, it’s the launchpad

article-image

Circle’s stock is expected to price at $31 and will go public on the NYSE Thursday

article-image

Solana’s most prolific token-launch tool might be prepping a token of its own

article-image

The tentative agreement China and the US penned last month appears to be in a precarious position

article-image

Fineqia’s Matteo Greco says Circle’s targeting a valuation in line with market expectations to avoid a post-launch drop like Coinbase

article-image

The President’s son reportedly said his family may pursue legal action