Cryptocurrency exchange Binance has acquired the Beijing-based blockchain data startup DappReview for an undisclosed sum.
According to the announcement made Dec. 2 by Binance, one of the world’s leading cryptocurrency exchanges has acquired the world’s leading information and analytics platform for blockchain-based decentralized applications (dapps). Founded in 2018, DappReview tracks and provides data analytics for over 3,900 dapps across thirteen public blockchains, such as Ethereum.
— Binance (@binance) December 3, 2019
While the press release did not disclose the acquisition sum, Binance claims DappReview has attraced over 300,000 active monthly users across 120 countries.
Binance Chief Finance Officer Wei Zhou said of the acquisition,
On-chain applications are still the missing piece for mass blockchain adoption. The DappReview team has shown its commitment to dapps and strong execution in building a leading global dapps platform within a year of establishment. Binance and DappReview share a mutual goal of driving blockchain applications.
This acquisition marks a significant step into the dapps ecosystem, and we will have more exciting developments in the near future.
The press release says DappReview will release a new suite of products in Q1, 2020.
Featured Image Credit: Photo via Pexels.com