Cryptocurrency exchange Binance has acquired Chinese blockchain data startup DappReview for a yet to be disclosed amount.
Per the announcement made December 2nd by Binance, one of the world’s leading cryptocurrency exchanges has acquired the world’s leading information and analytics platform for blockchain-based decentralized applications (dapps). DappReview tracks and provides data analytics for over 3,900 dapps across thirteen public blockchains.
Binance claims DappReview has attracted over 300,000 active monthly users across 120 countries.
Binance Chief Finance Officer Wei Zhou said:
On-chain applications are still the missing piece for mass blockchain adoption. The DappReview team has shown its commitment to dapps and strong execution in building a leading global dapps platform within a year of establishment. Binance and DappReview share a mutual goal of driving blockchain applications.
He continued,
This acquisition marks a significant step into the dapps ecosystem, and we will have more exciting developments in the near future.