Nansen a Blockchain data provider has announced the planned integration of a Solana dashboard to provide extensive insights to institutional and retail investors in the first quarter of 2022
Nansen Announces The Integration of Solana
Nansen, a blockchain data provider, has announced the integration of a Solana dashboard to provide institutional and individual investors with deep insights into new trends in networks such as decentralized finance (DeFi) and nonfungible token (NFTs) markets.
The Solana function, which is expected to launch in Q1 2022, will add to an already remarkable offering of over 100 million on-chain wallet data points across key networks such as Ethereum, Polygon, Fantom, and Binance Smart Chain.
Nansen’s popular features, such as Smart Money, help investors recognize growing DeFi initiatives across a wide range of investor types, while NFT Paradise and Mint Master help investors find NFT projects that are gaining popularity in the industry.
Alex Svanevik, Co-Founder and CEO of Nansen, spoke with Cointelegraph about the implications of combining Solana market intelligence data in two fast developing areas, DeFi and NFTs:
“The Solana ecosystem has grown a lot this year, attracting both developers and users. This has led to Solana support becoming one of Nansen’s most requested features. So, the short answer is that we simply listen to our users.”
A New Highs For Solana
The Solana blockchain has acquired $15.27 billion in total value locked (TVL) following a seismic year of growth, according to numerical statistics from DeFi Llama.
Solana surpassed top-10 stalwarts Tether (USDT) and Cardano (ADA) to take fourth place in terms of market capitalization on Monday.
Raydium (RAY), Marinade Finance (MNDE), and Serum (SRM), three of the blockchain’s most prominent leading protocols, contributed to Solana’s record TVL total, with $2.08 billion, $1.86 billion, and $1.85 billion in TVL, respectively.
Solana ranks third after Ethereum and Ronin in a 30-day assessment of NFT sales volume, coming in just shy of $117 million, according to Cryptoslam data.
Svanevik also revealed his expectations for the user-benefit of NFT insights on Solana, amidst the cultural trend of NFTs and NFT marketplaces debuting on other blockchains to Ethereum:
“With Nansen, Solana users will no longer have to trade in the dark. They’ll be able to discover opportunities, perform due diligence, and defend their portfolios by receiving real-time on-chain alerts.”