Nansen recently announced their partnership with TRON in order to provide on-chain insights to their ecosystem.
The team is pleased to work with TRON, which claims to be “one of the leading blockchain networks by TVL and activity.”
TRON’s low fees and fast transaction speeds “have made it the preferred platform for USDT transfers.” Over 46 billion (56%) of USDT’s supply is “on TRON and transactions eclipse that of ERC-20 USDT.”
Its popularity for USDT transactions is “reflected in the log occurrences as well, with 40% of all events emitted on the chain being associated with Tether.”
The network reportedly “supports an impressive number of daily active transactions and addresses, with over 1.5 million daily active addresses and 8-9 million daily transactions.”
Those figures are “well above popular chains such as Ethereum, Polygon, and Arbitrum.”
The Nansen team says their aim is “to provide investors and crypto teams with enriched blockchain data, analytics, research, and portfolio tracking.”
By integrating TRON, they can “offer more insights and deeper analysis of on-chain activity in the crypto ecosystem.”
TRON has “been fully integrated into Nansen Portfolio and Nansen Query.”
Users can also “gain insights into TRON’s network activity and ecosystem on our macro dashboard on Nansen Pro.” They are constantly “working on adding further support for the network on their platform and will enable popular features such as Token God Mode and Wallet Profiler in the near future.”
In another recent update, it was reported that by utilizing Nansen‘s suite of products, projects in Google’s Web3 startup program can leverage on-chain data to stay ahead of the competition and navigate uncharted waters.
Nansen, a blockchain data analytics platform, will be working with Google Cloud in order “to provide real-time, high-quality blockchain data to projects in their new Web3 startup program.”
Projects in Google Cloud’s Web3 startup program will now be able “to unlock on-chain data and insights with a free month of Nansen Query and then 20% off their products and engagement fees for the remainder of the year.”
Blockchains are “a treasure trove of open, incorruptible financial data. With the right tools, users can pinpoint economic activity in these networks.”
Through the collection and study of this data, they “can also measure sentiment and investor behavior.”
As data-backed decision-making becomes increasingly important, it is “crucial for projects in the space to have access to blockchain data to surface insights that drive key business decisions.”
On-chain data “levels the playing field by making the strategies and activities of top participants public knowledge.”
It is “an approach driven by fundamentals rather than hype, sentiment, or technical analysis.”