Blockdaemon Acquires DeFi Connectivity Firm Expand, Driving Institutions Into Web3

On March 19, according to CoinDesk, crypto infrastructure provider Blockdaemon has acquired DeFi connectivity platform expand.network, which aims to help large Financial Institution Groups seamlessly access on-chain transactions. Expand provides API access to connect more than 170 DeFi endpoints, including decentralized exchanges (DEXs), bridges, lending protocols, and oracles. The amount of the acquisition was not disclosed, but Blockdaemon said the transaction value is tens of millions of dollars. Blockdaemon currently supports about 70% of the top 500 institutions in the cryptocurrency industry, helping it operate more than 250,000 nodes and handle businesses such as pledge rewards.