TechFlame News: On-chain data analytics platform Parsec has announced its official shutdown. The team stated on its official website and social media platforms that after five years of operation, the project has ceased services and is currently processing refunds and canceling all active subscriptions.

Launched in early 2021, Parsec offered a customizable on-chain data terminal and analytics platform, enabling users to build data dashboards and visualization tools for areas such as DeFi and NFTs, along with API services. Its Parsec Agent also experimented with integrating large language models (LLMs) for on-chain research and analysis, including predictive markets, social sentiment, and market activity monitoring.

The project had secured $1.25 million in seed funding and an additional $4 million in seed extension financing, with investors including Galaxy Digital, Polychain Capital, Robot Ventures, and Uniswap Ventures.