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Nansen To Identify Emerging Trends In DeFi And NFT Markets

Nansen, the blockchain data provider, has announced that it will identify emerging trends in networks like the decentralized finance (DeFi) and nonfungible token (NFT) markets.

It has been reported that scheduled to commence in the first quarter of 2022, the Solana function is set to augment an already impressive offering of over 100 million on-chain wallet data points across leading networks such as Ethereum, Polygon, Fantom, and Binance Smart Chain.

However, Nansen’s popular features, such as Smart Money, enable investors to recognize investments in emerging DeFi projects across a variety of investor types, while NFT Paradise and Mint Master provide tools to uncover NFT projects gaining traction in the space.

Alex Svanevik, the co-founder and CEO of Nansen, said:

“The Solana ecosystem has grown a lot this year, attracting both developers and users. This has led to Solana support becoming one of Nansen’s most requested features. So, the short answer is that we simply listen to our users.”

The report said that according to numerical data from Defi Llama, the Solana blockchain has amassed $15.27 billion in total value locked (TVL) after a seismic year of growth.

On Monday, Solana’s native SOL coin surpassed top 10 stalwarts Tether (USDT) and Cardano’s ADA to secure the fourth-ranking spot per market capitalization. Solana’s record TVL figure has been contributed to by the blockchain’s prominent leading protocols, Raydium, Marinade Finance, and Serum, which record $2.08 billion, $1.86 billion, and $1.85 billion in TVL.

Similarly, data from CryptoSlam reveals that Solana ranks third behind Ethereum and Ronin in a 30-day assessment of NFT sales volume, coming in just shy of $117 million, a consolidative period for the chart.

Thus, Svanevik said:

“With Nansen, Solana users will no longer have to trade in the dark. They’ll be able to discover opportunities, perform due diligence, and defend their portfolios by receiving real-time on-chain alerts.”

Source: Cointelegraph



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