Adafruit didn't make these, they purchased a pallet full of them and is now reselling them to their customers.
The panel is labeled "P2.5-2020-32S-64x64-S2".
It is sort of two independent 32x64 panels. One is the top section, 64 wide and 32 tall, and the other is the bottom section, 64 wide and 32 tall. Knowing this, you can invoke symmetry, study just half of the panel and pretty much know what is going on with the other half.
Each section has 12 ICN2037BP chips and 4 RUC7258 chips.
There are 3 chips "shared" in the center section -- two MW245 chips and one 74HC04.
No microcontroller or anything of the sort!
The ICN2037 is a 16 channel LED current sink driver that accepts serial data. Four of these would handle 64 LEDs. We have 12 of these, so there must be four for each of R, G, and B.
The RUC7258 is an 8 channel LED "large screen blanking control" chip. We have four of these, so 4*8 is 32 -- so one channel per row.
Tom's Electronics pages / tom@mmto.org