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- Messari laid off 15% of its employees to streamline operations and focus on core product line growth.
- Co-founder Ryan Selkis criticized XRP and Cardano communities, sparking backlash over their perceived value in the crypto space.
Messari, a major crypto analytics startup, has laid off around 15% of its full-time staff as part of a strategic restructuring initiative. Confirming the choice, CEO Eric Turner said that the action seeks to simplify the company and give the development of its main product lines top priority.
Apart from the layoffs, the corporation decided not to extend contracts for other contractors, a usual practice at the start of the year. Messari has not yet publicly announced the news despite the major organizational changes, which has left industry analysts guessing about the future course of the business.
Cryptocurrency research company Messari has laid off about 15% of its employees to streamline its business and double down on the growth of its core product lines. Founded in 2018, Messari is an important institution in the field of blockchain research and was valued at $300…
— Wu Blockchain (@WuBlockchain) January 11, 2025
Messari Insights on DePIN and Blockchain Transformation
This decision marks a significant milestone for the crypto industry, as Messari plays a crucial role in identifying emerging trends. One of its most recent studies focused on the fast expansion of Decentralized Physical Infrastructure Networks (DePIN), which reached over $500 million with a 100x revenue rise in 2024.
With millions of devices running every day throughout DePIN networks, the acceptance of AI-driven initiatives and off-chain connections greatly helped to reach this benchmark. Such developments show the transforming power of blockchain-based solutions, especially in closing the distance between digital and physical infrastructures.
Furthermore emphasized in Messari’s flagship “Crypto Theses for 2025” paper was Bitcoin’s and tokenized Real World Assets (RWAs) increasing importance.
Thanks to institutional acceptance and ETF products, Bitcoin’s strong performance captures rising market confidence. RWAs are thus changing conventional asset management by allowing blockchain integration for practical uses.
Nevertheless, the company’s difficulties this year have not been limited to operational or financial ones. Concerns about inflation and the Federal Reserve’s monetary policy have insiders in the industry referring to 2024 as “climbing a wall of worry.”
Despite these uncertainties, the price of Bitcoin surpassed $100,000, indicating a significant shift in the market’s resilience. Another great actor who became a hub for memecoin trade is Solana; meanwhile, advances led by artificial intelligence (AI) enhanced the crypto ecosystem.
Fascinatingly, Messari has also been a cause of debate. As we previously reported, Ryan Selkis, co-founder of Messari, has before characterized the XRP and Cardano communities as “the most obnoxious and least valuable groups of bots,” which has drawn criticism on his opinions on their significance.
