Decentralized finance analytics platform Parsec is shutting down after five years, marking the latest casualty in a volatile crypto market that continues to reshape the industry.
Summary
- Parsec shuts down after five years, with its CEO citing shifting market dynamics and declining DeFi leverage following the 2022 crypto collapse and FTX fallout.
- The platform rose to prominence during the 2020–2021 DeFi boom, helping traders navigate major unwind events including Terra, OHM, Wonderland and the 3AC/stETH crisis.
- Parsec’s closure reflects broader strain in the crypto sector, following recent shutdowns of smaller platforms such as Arkham’s exchange and ZeroLend amid…
