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. The company operates on a subscription-based model, offering different pricing tiers based on data query volume and support levels, making it accessible for both small developers and large enterprises. Bitquery's goal is to be a leading resource in the blockchain analytics space, ensuring transparency, security, and data accuracy for its users.

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