Blockworks Acquires Messari for $10M+ in Strategic Expansion
Darius Baruo Jun 12, 2026 21:12
Blockworks has acquired Messari for over $10M, signaling intensified consolidation in the crypto data and analytics space.
Blockworks, a leading crypto media and data company, has acquired Messari, a prominent analytics firm, in a deal valued at over $10 million. The acquisition, confirmed on June 12, 2026, underscores ongoing consolidation in the crypto data and research sector as firms reposition themselves amid challenging market conditions.
Messari, founded in 2018, gained prominence as a trusted source of crypto research and data, providing coverage for over 40,000 digital assets via its platform and API services. The company previously raised $35 million in a Series B funding round in 2022, which valued it at $300 million. However, the steep discount in this acquisition reflects both Messari’s recent operational struggles and broader pressures on the crypto sector.
Earlier this year, Messari underwent a leadership change, appointing Diran Li as CEO and shifting its focus toward artificial intelligence. The company reduced headcount and aimed to become an "AI-first company," according to a LinkedIn post by Li. Despite these measures, Messari’s valuation plummeted amid declining demand for institutional crypto data products.
Blockworks, founded in 2018, has steadily expanded its footprint in the crypto space, evolving from a media and events company into a major player in data and research. The company raised $12 million in 2023 at a $135 million valuation and expanded its offerings with acquisitions like The Breakdown in 2024 and The Drop NFT Media later that year. Most recently, on May 27, 2026, Blockworks launched its Transparency Alliance initiative, aimed at improving token disclosure standards across the industry.
In a blog post announcing the Messari acquisition, Blockworks revealed plans to integrate the firm’s offerings to enhance its market data, research, compliance, and investor-relations services. Messari’s enterprise customers, which include institutional investors and developers, were assured uninterrupted service.
Consolidation Accelerates in Crypto Intelligence
The Blockworks-Messari deal is part of a wider trend of mergers and acquisitions reshaping the crypto intelligence sector. Paris-based Kaiko recently acquired Amberdata to bolster its derivatives analytics and AI-driven offerings, while blockchain oracle provider RedStone purchased Security Token Market to expand its institutional data services. These moves highlight the increasing demand for comprehensive, institutional-grade crypto data solutions as firms seek to withstand market volatility and diversify revenue streams.
For Blockworks, the Messari acquisition not only deepens its on-chain data capabilities but also positions it as a key player in the intersection of crypto and artificial intelligence. The integration of Messari’s analytics with Blockworks’ media and research products could create a compelling value proposition for institutional clients navigating the complexities of the digital asset market.
As the crypto industry continues to mature, the competition for market share in the data and analytics space is likely to intensify. With Messari now under its umbrella, Blockworks appears well-positioned to capitalize on this trend while advancing its mission of increasing transparency in the crypto ecosystem.
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