Blockchain service provider Nansen integrates Solana data analysis

Blockchain data provider Nansen has announced plans to integrate Solana dashboards to provide a wide range of insights for institutions and retail investors seeking to identify emerging trends in the network such as decentralized finance (DeFi) and non-fungible token (NFT) markets.

The Solana function is planned to start in the first quarter of 2022 and will add an already impressive over 100 million data points of wallets on the chain Across leading networks, Ethereum, Polygon, Fantom and Binance smart chains.

Popular features of Nansen, such as Smart Money, enable investors to identify investments in emerging DeFi projects from various investor types, while NFT Paradise and Mint Master provide tools to discover the attractiveness of NFT projects in this area.

Cointelegraph spoke with Alex Svanevik, co-founder and CEO of Nansen, to provide exclusive insights into the impact of integrating Solana market intelligence data into two rapidly emerging areas, DeFi and NFT:

“The Solana ecosystem has grown a lot this year, attracting developers and users. This has made Solana support one of Nansen’s most needed features. So the short answer is that we just listen to users.”

Related: Solana’s secondary NFT sales reach $5 billion in three months

According to the value data The Solana blockchain from DeFi Llama has accumulated a total value lock (TVL) of US$15.27 billion after experiencing tremendous growth.On Monday, Solana surpassed the top 10 backbone forces Tether (USDT) and Cardano (ADA) to become Steady in fourth place Calculated by market value.

Solana’s record TVL number is Contributed by Raydium (RAY), Marinede Finance (MNDE) and Serum (SRM), well-known blockchain leading protocols, they recorded TVL of US$2.08 billion, US$1.86 billion and US$1.85 billion respectively.

Similarly, data Data from Cryptoslam shows that in the 30-day evaluation of NFT sales, Solana ranks third, second only to Ethereum and Ronin, with sales close to $117 million, which is the integration period of the chart.

In the cultural trend of the NFT and NFT market launching Ethereum to replace the blockchain, Svanevik also shared his expectations for the user benefits of Solana’s insights from NFT:

“With Nansen, Solana users will no longer need to trade in the dark. They will be able to identify opportunities, conduct due diligence and protect their portfolios by receiving real-time on-chain alerts.”