EigenPhi, a decentralised finance (DeFi) data analysis company, has announced a strategic collaboration with ConsenSys, a blockchain and web3 software company.

EigenPhi's proprietary algorithms to analyse publicly available on-chain data will support Consensys' efforts to benefit users by revolutionising the experience of transacting and expressing intents on public blockchain networks.

EigenPhi will regularly supply Consensys and its products and platforms, i.e., Metamask and Infura, with research reports, offering data-driven insights and analytics into transaction structures and trading strategies.

Mars Cheng, Founder and CEO of EigenPhi, stated:

“This partnership brings together the best of both areas—EigenPhi's expertise in near real-time on-chain data analytics and Consensys' deep understanding of web3 users and builders activity and need. Together, we aim to foster a more transparent, fair, and robust growth of the DeFi industry and the broader blockchain ecosystem. Our focus extends beyond mere transactional data to include the strategies that drive those transactions, providing a holistic view of the DeFi landscape."

Strategic Partnership in a Critical Time

Granular transaction analysis is essential for the DeFi space to develop into a complete financial infrastructure and see mass adoption.

The insights generated by EigenPhi's automated trade analyses will provide actionable intelligence for stakeholders, including Consensys, to optimise users’ transactions, including improving cost and inclusion.

Didier Le Floch, Engineering Leadership at Consensys, added:

“The real power of blockchain lies in its transparency and decentralised nature. This partnership will illuminate these aspects even further, shedding light on DeFi transactions structure and strategies. Consensys will leverage these insights to optimise transactions and improve outcomes for both users and builders. By enhancing and abstracting the experience of transacting and expressing intents on public blockchain, we further enable the next wave of participants and mainstream adoption."