Parsec Shuts Down After Five Years Despite Investor Support

Parsec, an on-chain data analytics platform specializing in DeFi and NFTs, has announced its closure after five years of operation. According to NS3.AI, the platform has begun the process of refunding subscription fees to its users. Despite receiving backing from notable investors such as Galaxy Digital and Uniswap Ventures, the decision to shut down marks the end of its services in the analytics space.