Nansen, the blockchain data analytics platform, has announced an upcoming integration with Solana, a high-performance blockchain supporting builders with developing crypto apps that scale.
Scheduled to go live in Q1 2022, the Solana dashboards on Nansen should give users the option to carefully explore some of the best-performing decentralized finance (DeFi) protocols, Smart Money movements, NFT launches on Solana, and “gain insights into the Solana blockchain ecosystem as a whole,” according to a release shared with Crowdfund Insider.
More than 30 different protocols have been introduced on Solana, including major DeFi apps and NFT marketplaces, and the total value locked or TVL on the network has now exceeded $13.4 Billion this month.
DeFi initiatives such as Raydium, an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX) “reached $1.9 Billion in TVL and growing, while Solana-based NFT collections, such as Solana Monkey Business, Degenerate Ape Academy, and Aurory have been tremendously welcomed by the crypto community, leading cryptocurrency exchange FTX to launch a marketplace for Solana-based NFTs.”
The announcement also mentioned that Nansen’s blockchain analytics platform “enriches on-chain data with over 100 Million wallet labels 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 has been designed to support “an easier exploration for complex on-chain data on VC money flows, exchange activity, and emerging trends in DeFi and NFTs, through user-friendly, streamlined visual dashboards rich in actionable insights.”
Users can “leverage Nansen’s technologies to identify opportunities in the Solana ecosystem and get a head start in their decision-making process,” the update explained.
Dashboards such as Nansen’s “Smart Money” surface DeFi projects that are “gaining traction amongst crowds like hedge funds, institutions, and large active traders; while ‘NFT Paradise’ and ‘Mint Master’ can identify and signal the latest NFT projects gaining popularity on Solana,” the announcement added.
Anatoly Yakovenko, CEO of Solana Labs, stated:
“Market intelligence and data access play an important role in blockchain ecosystems. I’m delighted to see platforms like Nansen adding support for Solana.”
Alex Svanevik, Co-Founder and CEO of Nansen, remarked:
“It’s been exciting to witness the development of the Solana ecosystem and how it came to play an essential role in the DeFi and NFT space. We’re thrilled to provide our users with in-depth analytics on Solana and overall a more complete solution for keeping abreast with the fast-growing blockchain ecosystem.”
As the Solana ecosystem continues to expand, Nansen “looks to hold an essential part in helping investors and analysts discover new opportunities on Solana,” the release noted.