Founded in 2018 by Tang Hongbo and Xu Yong, DeBank is a Singapore-based company specializing in decentralized finance (DeFi) portfolio management. The platform enables users to monitor assets, transactions, and wallet activities across over 800 protocols on more than 15 blockchains, including Ethereum, Binance Smart Chain, and Polygon. DeBank’s mission is to simplify DeFi management by consolidating data across multiple decentralized protocols, providing real-time insights and analytics to its users.
In December 2021, DeBank secured $25 million in a funding round led by Sequoia China, elevating its valuation to $200 million. Other notable investors included Coinbase Ventures, Crypto.com, Circle, and Dragonfly Capital. The company has expanded its offerings by developing the Rabby Wallet, a browser extension tailored for DeFi users, featuring automatic chain switching and pre-transaction risk scanning to enhance security. Additionally, DeBank launched DeBank Chain, a Layer 2 solution built on the OP Stack, designed to significantly reduce transaction costs within its ecosystem. Through these innovations, DeBank continues to play a pivotal role in the DeFi landscape, offering tools that enhance user experience and security.
DeBank is a comprehensive DeFi portfolio management tool supporting over 800 protocols across more than 15 blockchains.
In December 2021, DeBank raised $25 million in a funding round led by Sequoia China, bringing its valuation to $200 million.
The platform offers real-time data, whale tracking, and transaction histories, simplifying DeFi management for users.
DeBank developed the Rabby Wallet, a browser extension designed for DeFi users with features like automatic chain switching and pre-transaction risk scanning.
The company launched DeBank Chain, a Layer 2 solution built on the OP Stack, aiming to reduce transaction costs within its ecosystem.
