{"id":14049,"date":"2021-11-24T18:20:50","date_gmt":"2021-11-24T17:20:50","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=14049"},"modified":"2021-11-24T18:20:57","modified_gmt":"2021-11-24T17:20:57","slug":"nansen-to-incorporate-defi-protocol-arbtrum","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/nansen-to-incorporate-defi-protocol-arbtrum\/","title":{"rendered":"Nansen to incorporate DeFi protocol Arbitrum"},"content":{"rendered":"\n
Nansen<\/a>, a blockchain data provider, has announced the imminent integration of the Arbitrum network. Arbitrum is now the ninth-ranked DeFi chain, with a total value locked of $2.38 billion<\/h5>\n\n\n\n
\"Nansen
Nansen to incorporate DeFi protocol Arbitrum<\/figcaption><\/figure>\n\n\n\n

Nansen announces the integration of Arbitrum Network<\/h2>\n\n\n\n

Nansen<\/a>, a blockchain data provider, has announced the imminent integration of the Arbitrum network, which will allow its global users, both retail and institutional-grade, to discover developing patterns in the decentralized finance (DeFi) industry.<\/p>\n\n\n\n

Technical charts and quantitative data, such as the more than 100 million data points available on Ethereum, Polygon, and Binance Smart Chain, will be available to see on a bespoke Arbitrum dashboard.<\/p>\n\n\n\n

Smart Money is one of Nansen's products; it tracks the wallet addresses of hedge funds, institutional investments, and whales, compiling their activity into a visual chart that allows users to identify technical patterns.<\/p>\n\n\n\n

NFT Paradise and Mint Master are two other platform features that provide insights into burgeoning nonfungible token (NFT) trends before they become mainstream.<\/p>\n\n\n\n

Nansen\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> announced intentions earlier this month to integrate a Solana dashboard in order to provide user access to on-chain data and performance metrics in the DeFi and nonfungible token (NFT) markets.<\/p>\n\n\n\n

In conjunction with this release, the Nansen team produced a research report claiming that layer-2 protocols like Arbitrum have the potential to become market leaders in Ethereum scalability over the next five years, while also noting:<\/p>\n\n\n\n

\u201cScaling is not enough. While increasing their transactional throughput, blockchains must preserve two fundamental properties of blockchain technology: decentralization and security. This is known as the blockchain trilemma. As of today, the only Ethereum scaling solution that satisfies all three elements is rollups like Arbitrum.\u201d<\/p><\/blockquote>\n\n\n\n

Arbitrum one mainnet introduced its rollup solution into the public arena on September 1 and has since risen to prominence with over $2.38 billion in total value locked (TVL), according to analytical\u00a0data<\/use><\/svg><\/span><\/a>\u00a0from DeFi Llama.<\/p>\n\n\n\n

An variety of 41 protocols contributed to this ten-figure number, most notably multi-chain protocol Curve Finance, which accounted for 22.11 percent, as well as SushiSwap and Abracadabra, which recorded $525.54 million, $449.84 million, and $401.67 million in TVL, respectively.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Along with compelling insights into Arbitrum's low transaction costs and gas fees in comparison to Ethereum \u2014 the latter of which is approximately 80-90 percent lower \u2014 Nansen's research paper also commented on the possibility of an Arbitrum native token launch, a topic of discussion that has gained significant traction in recent months due to positive adoption.<\/p>\n\n\n\n

Andy Chorlian, the inventor of Fractional Art, recently revealed his thoughts on this topic, claiming that an Arbitrum token will certainly boost the protocol over the surging layer-one blockchain Avalanche, which presently ranks 11th in total market capitalization rankings.<\/p>\n\n\n\n

If arbitrum had a token it would be crushing avax\u2014 andy (@andy8052)\u00a0November 19, 2021<\/use><\/svg><\/span><\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Nansen, a blockchain data provider, has announced the imminent integration of the Arbitrum network. Arbitrum is now the ninth-ranked DeFi chain, with a total value locked of $2.38 billion Nansen announces the integration of Arbitrum Network Nansen, a blockchain data provider, has announced the imminent integration of the Arbitrum network, which will allow its global […]<\/p>\n","protected":false},"author":29,"featured_media":14051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5493],"class_list":["post-14049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nansen-defi-arbitrum"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/Nansen-to-incorporate-DeFi-protocol-Arbitrum.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/14049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=14049"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/14049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/14051"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=14049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=14049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=14049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}