Figment Acquires Rated Labs for Enhanced Staking Analytics

Figment, a blockchain infrastructure firm based in Toronto, announced on October 16 the acquisition of Rated Labs to integrate its Ethereum staking analysis tools, enhancing institutional client services.

This acquisition underscores Figment’s strategy to provide reliable staking data, potentially impacting Ethereum, Solana, and Cosmos analytics, enhancing transparency in institutional staking decisions.

Rated Labs Acquisition Boosts Figment’s Staking Capabilities

Figment, a Toronto-based blockchain infrastructure provider, announced its acquisition of UK-based Rated Labs. Rated Labs, founded in 2022, has developed tools like Rated Explorer for tracking staking performance across multiple networks, including Ethereum, Solana, and Cosmos.

The integration of Rated’s tools into Figment’s offerings enhances data transparency for institutional clients. This acquisition aligns with Figment’s strategy to invest in regional players, improving the quality of staking data.

Andrew Cronk, Chief Product Officer, Figment, emphasized the importance of transparent and reliable data in staking decisions: “Acquisitions like Rated Labs enhance our offerings in a rapidly evolving marketplace.”

Ethereum Insights: Market Impact and Strategic Outlook

Did you know? Rated Labs’ acquisition by Figment could set a precedent for blockchain infrastructure partnerships, aiming to improve staking data transparency and decision-making for institutional players.

As per CoinMarketCap, Ethereum’s current price is $3,891.49 with a market cap of $469.70 billion, reflecting a 24-hour trading volume of $46.02 billion, down by 7.21%. Over the past 90 days, Ethereum has shown a price increase of 9.73%.

Insights from the Coincu research team suggest that acquiring data analytics capabilities could lead to enhanced market predictions and informed decision-making for stakeholders. This strategic move may catalyze further technological integrations in the blockchain analytics sector.