Figment Acquires Rated Labs to Boost Institutional Staking Data Services
According to Figment, the acquisition of Ethereum staking analytics platform Rated Labs aims to integrate Rated’s Explorer and API, enhancing institutional staking data and performance analysis capabilities.
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Summary
Figment has acquired Rated Labs, an Ethereum-focused staking analytics platform. The company plans to integrate Rated’s Explorer and data API into its services to strengthen staking data and performance analytics for institutional clients. This acquisition builds on Figment’s existing capabilities, which also cover networks like Solana and Cosmos, further aligning with rising institutional demand for comprehensive staking solutions.
Terms & Concepts
- Staking: A process in blockchain networks where users lock up cryptocurrency to support network security and operations, earning rewards in return.
- Blockchain Analytics: The collection and analysis of data from blockchain networks to provide insights into transactions, performance, and network activity.
- API: An Application Programming Interface (API) allows different software systems to communicate and share data or functionality.