Nansen blockchain analysis service for the integration of the DeFi protocol Arbitrum
Blockchain data provider Nansen announced the upcoming integration of the Arbitrum Network to enable its global users, both retail and institutional, to spot emerging trends in the distributed finance (DeFi) market. ).
Technical charts and quantitative data will be available for viewing in the bespoke Arbitrum dashboard, similar to more than 100 million data points on Ethereum, Polygon and Binance Sensible Chain.
One of Nansen’s tools is Sensible Income, a feature that tracks the wallet addresses of hedge funds, institutional investments, and whales and summarizes their activity in visual graphics that allow people to define technical patterns.
Other features of the platform include NFT Paradise and Mint Grasp, which will provide insights into how non-fungible token (NFT) trends will evolve before they become mainstream.
Earlier this month, Nansen announced plans to integrate the Solana dashboard to expand user access to on-chain data and performance metrics in the DeFi and non-token markets.
Accompanying this announcement, the Nansen team released a research paper claiming that Layer 2 protocols like Arbitrum have the potential to become the leader in Ethereum scalability in the next 5 years, but also noted this idea :
“Scale is not enough. In increasing their transaction throughput, blockchains must preserve two fundamental properties of blockchain technology: decentralization and security. This is known as the blockchain trio. To date, the only Ethereum scaling solution that does all three is a roll-up like Arbitrum. ”
Mainnet Arbitrum One launched its aggregation solution on September 1 and has since become famous for a Total Locked Value (TVL) of over $ 2.38 billion, according to analytics data from DeFi Llama.
That ten-figure sum was contributed by a number of 41 protocols, most notably the multi-chain Curve Finance protocol which accounts for 22.11%, and SushiSwap and Abracadabra which are $ 525.54 million, US $ 449.84 million $ 401.67 million in TVL and $ 401.67 million, respectively.
Related: Binance opens second-tier ETH custody accounts with the special integration of Arbitrum One.
In addition to fascinating insights into Arbitrum’s low transaction costs and gasoline fees compared to Ethereum – the latter are around 80-90% lower – Nansen’s research paper also comments on the possibility of a token launch in recent months by actively introducing considerable traction.
Fractional Art founder Andy Chorlian recently shared his views on this debate, hinting that the Arbitrum token will potentially bring the protocol to the forefront of the blockchain to bring Avalanche, which is currently under development, into the To drive height.
If Arbitrum has a token, it becomes Avax. destroy
– andy (@ andy8052) November 19, 2021