Parsec, an on-chain data analytics platform, has announced its closure after five years of operation. The company is processing refunds and canceling all active subscriptions, as stated on its official website and social media channels. Launched in early 2021, Parsec provided a customizable data terminal for DeFi and NFT analytics, and explored integrating large language models for market prediction and sentiment tracking. The platform had previously secured $5.25 million in funding from investors such as Galaxy Digital, Polychain Capital, Robot Ventures, and Uniswap Ventures. Despite its innovative offerings, including API services and the Parsec Agent, the company has decided to cease operations.