Key Takeaways:
Professional services firm Deloitte has acqui-hired the team from crypto infrastructure provider Blocknative, which will cease its core API and Gas Network operations effective June 19 as part of the deal.
"This chapter of our work in the ecosystem is coming to a close: on mempool visibility, transaction orchestration, block building, MEV auctions, private order flow, transaction pricing, and more," Matt Cutler, Blocknative's Chief Executive Officer, said in a statement confirming the wind-down.
Founded in 2018, Blocknative specialized in real-time mempool monitoring and gas fee prediction for Ethereum and other compatible blockchains. The firm, which had raised over $34 million from investors like Blockchain Capital, provided tools that helped developers, traders, and protocols optimize on-chain transactions. Its Gas Network served as a decentralized oracle for sourcing real-time gas price data across more than 40 networks, including Arbitrum, Optimism, and Base.
The acquisition highlights a growing trend of consolidation within the crypto infrastructure sector, where venture-backed startups face pressure to find exits. For Deloitte, bringing the Blocknative team in-house provides its blockchain and digital-assets practice with deep engineering talent. The firm gains hands-on expertise in transaction simulation and MEV risk analysis, which it can apply to its expanding portfolio of institutional clients. The deal follows a pattern of traditional financial and consulting firms absorbing smaller crypto-native teams to accelerate their Web3 strategies.
This article is for informational purposes only and does not constitute investment advice.
