TechFlow news — blockchain data indexing platform Satsuma has announced a $5 million seed funding round led by Initialization Capital and Archetype, with participation from OpenSea, Y Combinator, Homebrew, South Park Commons, and others.
Founded in March last year, Satsuma uses The Graph’s open-source technology to query and index on-chain data. Unlike a decentralized protocol, Satsuma operates as a SAAS (software-as-a-service) business entity. It enables developers to gain deeper insights into on-chain data, making it easier to search and analyze metrics such as TVL of DeFi protocols.
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