Decent Analysis: $4M Raised
What is Decent?
Decent provides a cross-chain API for building crypto transactions and onboarding users across blockchains. The company describes its product as enterprise-grade cross-chain infrastructure with one API for fast trades and user conversion. Its site says the service supports more than 200 blockchains and has processed over $1 billion in volume.
Location
New York, United States
Employees
1-10
Founded
2021
Revenue
$4.33M - $9.45M
Product Features & Capabilities
- cross-chain swaps, onboarding solutions, point of sale integration, transaction management via the Decent Console, fee management, real-time analytics, no-code tools, easy API integration, instant token swaps across multiple chains, customizable fee structures, user-friendly dashboards
Pricing
- $49/month: Perfect for beginners, includes 1 live site.
- $99/month: Perfect for advanced users, includes 3 live sites.
- $199/month: Perfect for big companies, includes 10 live sites.
How much Decent raised
Seed - $3.5 million
December 15, 2022Lead Investor: Y Combinator and others
Business Model
Earn and split transaction fees; custom fees managed via Fee Manager.
Market Focus
Decent primarily focuses on the cryptocurrency and blockchain technology industry, specifically providing tools for cross-chain swaps and simplifying crypto development through APIs and SDKs.
Investors
- Archetype
- Y Combinator
- Palm Tree Crew
- Circle Ventures
- K5 Global
- QED Investors
- Unpopular Ventures
- Precursor Ventures
- Digital Currency Group
- Mouro Capital
- Core Innovation Capital
- Vulcan
- Meridian Street Capital
- Asset Management Ventures
- Worklife
- Foundation Capital
- Healthy Ventures
- Sure Ventures
- Maverick Ventures
- Future Positive
- AirAngels
- Buckhill Capital
- Proton Enterprises
- Propel(x)
- Invus Opportunities
Competitors Overview
Decent operates in the cross-chain swaps and crypto development API market, facing competition from several notable companies:
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Multichain: A leading cross-chain router protocol that allows users to transfer assets across multiple blockchains. Its advantage lies in its extensive network support and user-friendly interface.
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Celer cBridge: This platform offers fast and low-cost cross-chain transfers, making it a popular choice for users looking for efficiency. Celer's focus on scalability and security enhances its appeal.
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Portal Token Bridge: Known for its versatility, this bridge supports both EVM and non-EVM blockchains, allowing for a wide range of token transfers. Its user-friendly design is a significant advantage.
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Rubic: A cross-chain aggregator that provides a simple API for developers. Rubic stands out with its integration of over 300 decentralized exchanges (DEXs) and multiple bridges, offering users a comprehensive solution for token swaps.
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Across Protocol: This protocol is recognized for its fast and low-fee transactions, powered by intents, which streamline the user experience in cross-chain swaps.
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Stargate Finance: A major player in the cross-chain protocol space, Stargate offers a unique liquidity transfer mechanism that enhances the efficiency of cross-chain transactions.
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Hop Protocol: Focused on token transfers, Hop Protocol provides a seamless experience for users looking to move assets across different blockchains quickly.
These competitors each have unique features and advantages that cater to different aspects of cross-chain transactions, making the market competitive and diverse.
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