tl;dr
Allium Labs, a blockchain data provider, has secured $16.5 million in a Series A funding round led by Theory Ventures. The company, which offers blockchain data to firms like Visa and Stripe, plans to use the investment to enhance its data infrastructure and services. Allium Labs, in collaboration w...
Allium Labs, a blockchain data provider, has successfully raised $16.5 million in a Series A funding round led by Theory Ventures. This investment will be utilized to further enhance the company's data infrastructure and services.
In collaboration with Visa, Allium Labs has observed a surge in stablecoin demand in 2024, with a circulating supply nearing $150 billion and 27.5 million monthly active users across all chains. This partnership has resulted in the development of the Visa OnChain Analytics Dashboard, aimed at providing insights into stablecoin activity and enhancing the understanding of the payment ecosystem.
These developments underscore the growing demand for cryptocurrencies and tokens, signaling a significant opportunity for broader adoption. Allium Labs remains committed to empowering financial institutions to embrace digital assets through their innovative services and data solutions.
Visa OnChain Analytics Dashboard, created in collaboration with Allium Labs, seeks to facilitate a better comprehension of stablecoin activity, offering valuable tools and metrics to explore the potential use cases and opportunities within the payment ecosystem. This ongoing partnership reflects a proactive effort to stay abreast of the evolving landscape of digital currencies and transactions.
For more information, you can access relevant reports and analysis to gain further insights into the dynamics of stablecoin adoption and real user transaction volumes within this ever-evolving financial realm.