Allium, a prominent blockchain analytics startup, raised $40 million in a Series B round led by Amplify Partners, with participation from Kleiner Perkins and Theory Ventures.

What’s the Scoop?

• The Business: Allium cleans and structures blockchain data for institutional clients. Its data has been cited by Visa and the U.S. Federal Reserve, and its customers include a16z’s crypto arm and Coinbase. The company even supplies data to perceived competitors, with DefiLlama sourcing some of its data from Allium.

• The Consolidating Landscape: Crypto analytics has undergone immense restructuring in recent months. Dune Analytics, valued at $1 billion in 2022, laid off 25% of its staff in May. Blockworks acquired Messari last month for more…