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Datadog's $65M/year customer mystery solved

The internet has been speculating the past few days on which crypto company spent $65M on Datadog in 2022. I confirmed it was Coinbase, and here are the details of what happened.

Online there’s no shortage of theories, or people pretending to be Coinbase employees, such as this anonymous commenter on Hacker News, claiming that the $65M was for a 3-year upfront payment (which information I could not verify). “So, obviously 2021 was just an incredible year for Coinbase, the kind of thing that you see very rarely in your lifetime, in a business career (...) We hit an all time high in our monthly transacting users of 11.4 million, which is 4x year-over-year, 400% pretty incredible.” Following the IPO in summer 2021, nobody at the company cared about infra costs; the only focus was growth. Prometheus stores time series in-memory and on storage (HDD or SSD), using an efficient and custom format, and supports sharding and federation.

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