Overview

Bitquery specializes in data analytics for blockchain technology, providing tools and services that enable users to track and analyze blockchain transactions across various platforms. Its main product is a GraphQL API, which allows users to efficiently query specific blockchain data without overwhelming the system. Supporting over 20 blockchains, including Bitcoin and Ethereum, Bitquery serves a wide range of clients, from financial institutions to blockchain developers and cryptocurrency enthusiasts. Unlike many competitors, Bitquery offers a subscription-based service with tiered pricing, allowing clients to choose plans based on their data query volume and support needs. The company's goal is to provide accurate and transparent blockchain data analytics, making it a valuable resource in the growing blockchain and cryptocurrency market.

Simplify's Take

What believers are saying

• Growing demand for blockchain analytics in the expanding DeFi sector.
• Binance Labs' $8.5M investment supports Bitquery's development.
• Increased regulatory scrutiny boosts demand for advanced analytics solutions.

What critics are saying

• Increased competition from new blockchain data analytics startups.
• Dependence on major platforms like Ethereum and Bitcoin poses risks.
• Regulatory scrutiny could lead to compliance challenges and higher costs.

What makes Bitquery unique

• Bitquery offers a unified GraphQL API for over 30 blockchains.
• Supports popular blockchains like Bitcoin, Ethereum, Litecoin, and Dogecoin.
• Provides detailed DeFi, DEX, and token data across multiple blockchains.

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Funding

Total Funding

$11M

Above

Industry Average

Funded Over

1 Rounds

$8,500,000

Seed

Sep 2022

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$8.5M