According to Odaily Odaily, blockchain data aggregation platform DefiLlama has completed its acquisition of over-the-counter (OTC) data provider Bulletin. This move will enable DefiLlama to provide users with more granular secondary market valuation data for private crypto companies.
Patrick Scott, Head of Revenue and Growth at DefiLlama, stated that the OTC buy and sell quotes and transaction information provided by Bulletin will complement DefiLlama's existing crypto startup funding data, helping the market better understand the true valuation range of private crypto companies. 0xngmi, Head of Revenue and Growth at DefiLlama, pointed out that this is the platform's first acquisition since its inception, and while the volume of new data is limited, it introduces proprietary data that was not previously available.
Bulletin was founded in 2023 by David Mirzadeh, founder of the NEAR Foundation, who focuses on aggregating OTC quotes and transaction information for private equity firms' stocks and tokens. He stated that the private equity market is highly opaque, and "even a single buy or sell quote is extremely valuable."
It is understood that Bulletin's OTC data and some of DefiLlama's advanced analytics tools will continue to be offered as LlamaPro subscription content, and Mirzadeh will assist DefiLlama in expanding its OTC data sources as an advisor. (DL news)
