Blockworks Snaps Up Rival Messari for a Fraction of Its Peak Value
Crypto data firm Blockworks acquired competitor Messari for over $10M — a steep fall from its $300M valuation in 2022.
Blockworks just swallowed its crypto-data rival Messari in a deal worth north of $10 million. That's a brutal markdown from Messari's roughly $300 million valuation back in 2022.
The acquisition consolidates two major players in the crypto intelligence space. Blockworks, which built its reputation on research and media covering digital assets, now absorbs Messari's data and analytics platform.
The price tag tells the real story here. Paying roughly 3 cents on the dollar compared to Messari's peak valuation underscores just how dramatically the crypto data market has contracted since the 2022 hype cycle. What was once a $300 million company got picked up for pocket change in relative terms.
Blockworks confirmed the deal, positioning itself as a more dominant force in crypto data and research. No details yet on team retention or product integration plans.