Bitquery

Bitquery

Blockchain data analytics via GraphQL API

Overview

Draft a concise company summary for Bitquery including what it does, how its product works, how it differs from competitors, and its goal.

About Bitquery

Simplify's Rating
Why Bitquery is rated
B+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Crypto & Web3

Company Size

11-50

Company Stage

Seed

Total Funding

$11M

Headquarters

New York City, New York

Founded

2019

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Simplify's Take

What believers are saying

  • Binance Labs led $8.5M seed funding to expand blockchain data solutions.
  • Polygon and Syla partnerships boost DeFi and crypto tax integrations.
  • Token Holders API and Solana Total Supply enhance multi-chain analytics demand.

What critics are saying

  • Dune Analytics free tier captures 50-70% market share in 6-12 months.
  • The Graph Protocol subsidized APIs drive client migration in 12-18 months.
  • Solana Foundation free RPC endpoints obsolete Bitquery streams in 3-6 months.

What makes Bitquery unique

  • Bitquery delivers unified GraphQL API across 40+ blockchains including Solana and Ethereum.
  • Coinpath technology tracks on-chain money flows for compliance and forensics.
  • Streaming APIs with sub-100ms latency enable real-time DeFi trading via gRPC.

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Funding

Total Funding

$11M

Above

Industry Average

Funded Over

2 Rounds

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

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$8.5M
Bitquery

Benefits

100% remote

PTO

Medical insurance

Yearly trips

Custom work hours

Company News

Bitquery
Jun 13th, 2024
The Future of Finance: How Syla Uses Bitquery Data for Crypto Tax Solutions

Syla partnered with Bitquery, leveraging its advanced blockchain data API.

Bitquery
Oct 26th, 2023
USDC vs USDT: Analyzing On-Chain Activities with the Token Holders API

If you want a deeper understanding of token holders for a specific token through their on-chain activities, Bitquery has introduced the Token Holders API.

news.bitcoin.com
Apr 3rd, 2023
Bitquery's New Streaming API is Changing Web3 Infrastructure Space – Sponsored Bitcoin News

Bitquery launched its Streaming API in early March, giving users to access blockchain data in real time.

Binance
Sep 29th, 2022
Binance Labs Leads $8.5 Million Seed Funding for Bitquery to Support Development of Blockchain Data Solutions | Binance Blog

Binance Labs, the venture capital arm and accelerator of Binance, led a $8.5 million seed funding round for Bitquery as part of its ongoing drive to support innovative blockchain data solution providers.

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