Blockworks Acquires Messari to Combine Data and Research

Blockworks bought Messari, the crypto data and analytics firm, in a deal that merges two of the industry's larger research operations. The acquisition, valued at over $10 million according to a report, gives Blockworks access to Messari's on-chain data tools, token profiles and institutional client base.

Messari had cut staff and changed leadership before the deal closed. The company laid off an unspecified number of employees, according to people familiar with the matter. Blockworks said the integration is already underway, with plans to fold Messari's data infrastructure into its own platform.

The purchase reflects a broader consolidation in crypto research and data, where smaller shops have struggled to sustain the engineering costs of maintaining reliable data pipelines. Blockworks, which operates newsletters, podcasts and a research product, now controls one of the most widely used data sets in the space.

No timeline for the full integration has been announced. Blockworks has not said whether the Messari brand will remain separate. Further details on the combined product roadmap are expected in coming weeks.