PANews reported on March 19 that according to CoinDesk, crypto infrastructure provider Blockdaemon acquired the DeFi connection platform expand.network, which aims to help large financial institutions seamlessly access on-chain transactions. Expand provides API access to more than 170 DeFi endpoints, including decentralized exchanges (DEX), bridges, lending protocols, and oracles. The amount of the acquisition was not disclosed, but Blockdaemon said the transaction was worth tens of millions of dollars. Blockdaemon currently supports about 70% of the top 500 institutions in the cryptocurrency industry, helping them operate more than 250,000 nodes and handle staking rewards and other businesses.