Solana

Nansen brings market intelligence support to Solana

Nansen brings market intelligence support to Solana

Singapore, Nov. 09, 2021 (GLOBE NEWSWIRE) — Nansen, the industry-leading blockchain data analytics platform, today announced an upcoming integration with Solana, a high-performance blockchain supporting builders around the world creating scalable cryptographic applications. Scheduled to launch in Q1, the new Solana dashboards on Nansen will give users the ability to explore top performing DeFi protocols, Smart Money movements, NFT launches on Solana and gain insight into the Solana blockchain ecosystem as a whole.

Over 30 protocols have launched on Solana, including cutting-edge DeFi applications and NFT marketplaces, and the total value locked on the network has already exceeded $13.4 billion this month. DeFi projects like Raydium, an automated market maker (AMM) and liquidity provider built on the Solana blockchain for decentralized serum exchange (DEX) hit $1.9 billion in TVL and growing, while Solana-based NFT collections, such as Solana Monkey Business, Degenerate Ape Academy, and Aurory have been extremely well received by the crypto community, leading cryptocurrency exchange FTX to launch a marketplace for Solana-based NFTs.

Nansen’s innovative blockchain analytics platform enriches on-chain data with over 100 million wallet tags across Ethereum, Polygon, Fantom and Binance Smart Chain, to provide traders, hedge funds, institutional investors and VCs with actionable insights into the crypto markets. It enables easier exploration of complex on-chain data on VC money flows, exchange activity, and emerging trends in DeFi and NFT, through user-friendly and streamlined visual dashboards rich in actionable information. Users will be able to leverage Nansen’s technologies to identify opportunities in the Solana ecosystem and get a head start in their decision-making process.

Dashboards like Nansen’s “Smart Money” surface DeFi projects gaining traction among crowds like hedge funds, institutions, and large active traders; while “NFT Paradise” and “Mint Master” can identify and report the latest NFT projects that are gaining popularity on Solana.

“Market intelligence and access to data play an important role in blockchain ecosystems,” said Anatoly Yakovenko, CEO of Solana Labs. “I’m excited to see platforms like Nansen adding support for Solana.”

Alex Svanevik, co-founder and CEO of Nansen, expressed similar enthusiasm: “It was exciting to watch the development of the Solana ecosystem and how it came to play a vital role in the DeFi and NFT space. We are excited to provide our users with in-depth analytics on Solana and overall a more comprehensive solution to keep up to date with the rapidly growing blockchain ecosystem.”

As the Solana ecosystem continues to grow, Nansen seeks to play a vital role in helping investors and analysts uncover new opportunities on Solana.

About Nansen

Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallet tags. Crypto investors use Nansen to uncover opportunities, perform due diligence, and defend their portfolios with our real-time dashboards and alerts.

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About Solana

Solana is the most successful blockchain in the world. It gives developers the confidence to build for the long haul by providing predictable scaling without compromising security or composability. Solana’s performance is driven by intra-shard parallelism, which is capable of processing thousands of smart contracts at once, and Proof of History, an innovation in distributed timing that unlocks low-latency, sub-target finality. second across the world state. To learn more, visit https://solana.com/.