Blockchain analysis service Nansen will integrate DeFi protocol Arbitrum

Blockchain data provider Nansen announced the imminent integration of the Arbitrum network, enabling its global retail and institutional users to recognize emerging trends in the Decentralized Finance (DeFi) market.

Technical charts and quantitative data can be viewed in a customized Arbitrum dashboard, similar to the more than 100 million data points of Ethereum, Polygon, and Binance Smart Chain.

One of Nansen’s tools is Smart Money, which can track the wallet addresses of hedge funds, institutional investments and whales, organize their activities into visual graphs, and enable users to determine technical patterns.

Other features of the platform include non-fungible tokens (NFT) Paradise and Mint Master, which provide insights into emerging NFT trends before NFTs become mainstream.

At the beginning of this month, Nansen announced plans to integrate Solana dashboard In order to expand the user’s accessibility to on-chain data and performance indicators in the DeFi and non-fungible token (NFT) markets.

Following this announcement, the Nansen team published a research paper claiming that the second layer protocol, such as Arbitrum, may become the market leader in Ethereum scalability within the next five years, but also pointed out:

“Scaling is not enough. While increasing transaction throughput, the blockchain must retain the two basic 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 an aggregation like Arbitrum.”

Arbitrum One mainnet launched its aggregate solution to the public domain on September 1, and has since stood out with a total lock-up value (TVL) of more than $2.38 billion. according to Analysis data from DeFi Llama.

Contributors to these 10 figures include a series of 41 agreements, the most notable being the multi-chain agreement Curve Finance, as well as SushiSwap and Abracadabra, whose total TVL value reached 525.54 million US dollars (22.11%), 449.84 million US dollars and 401.67 million U.S. dollars.

related: Binance opens the second tier of ETH deposits through Arbitrum One integration.

In addition to convincing insights on Arbitrum’s low transaction costs and gas fees compared to Ethereum (the latter is significantly lower by about 80-90%), Nansen’s research paper also commented on the possibility of the release of Arbitrum’s native token. This is a topic of discussion in the past few months that has gained tremendous traction under active adoption.

Andy Chorlian, the founder of Fractional Art, recently shared his views on this debate. He said that the Arbitrum token may push the protocol beyond the soaring first-tier blockchain Avalanche, which currently ranks No. 1 in the total market capitalization ranking. eleven.