Blockchain

Blockchain service provider Nansen integrates Solana data analysis

Blockchain data provider Nansen has announced that it will integrate the Solana dashboard to provide deep insights for retail and institutional investors looking to identify new trends in blockchain networks such as decentralized financial markets (DeFi) and unusable tokens (NFTs).

The Solana functionality is scheduled to start in the first quarter of 2022 and expand its already impressive range of over 100 million on-chain wallet data points. on top networks, Ethereum, Polygon, Fantom and Binance Smart Chain.

Popular Nansen features like Smart Money allow investors to invest in emerging DeFi projects for a whole range of investor types, while NFT Paradise and Mint Master provide tools for exploring NFT projects that are growing in prominence in the space.

Cointelegraph spoke with Nansen’s Co-Founder and CEO Alex Svanevik to gain an insight into the impact of Solana Market Intelligence data integration on two fast-growing areas, DeFi and NFT:

“The Solana ecosystem has grown significantly this year, attracting both developers and users. This has made Solana support one of the most requested features from Nansen. So the short answer is, we just listen to our users. “

Related: Solana Secondary NFT Sales Hit Half a Billion Dollars in Three Months

According to digital data from DeFi Llama, the Solana blockchain has amassed a total of $ 15.27 billion (TVL) after a year of seismic growth.

On Monday, Solana overtook top 10 competitors like Tether (USDT) and Cardano (ADA) to secure fourth place in terms of market capitalization.

Solana’s record TVL number was Contributed by leading blockchain protocols Raydium (RAY), Marinade Finance (MNDE), and Serum (SRM), which recorded $ 2.08 billion, $ 1.86 billion and $ 85 billion in TVL, respectively.

Similarly, data from Cryptoslam shows Solana ranks third behind Ethereum and Ronin with a 30-day valuation of NFT sales volume of just $ 117 million, a period of consolidation for the chart.

Amid cultural trends in the NFT and NFT markets that are introducing alternative blockchains to Ethereum, Svanevik also shared his expectations regarding the user benefits of NFT insights on Solana:

“With Nansen, Solana users no longer have to trade in the dark. You will be able to spot opportunities, do due diligence and protect your portfolio by receiving real-time notifications down the chain. “

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.