Nansen, an on-chain analytics platform, is adding to its NFT analytics toolkit with the release of Solana integration.
The data is obtained from the network’s two most popular marketplaces, Magic Eden and OpenSea, which together host over 95% of all Solana NFT transactions.
The platform that caters to Ethereum users has been wanting Solana support for months, first utilizing certain blockchain analytics back in April.
The Solana ecosystem has never been more popular among traders, despite the fact that it lacks the star power and attention brought by Ethereum’s blue-chip projects. The blockchains are now neck and neck in average daily transactions, with Solana’s edge coming from its significantly lower transaction costs.
Nansen won’t reveal how many people use its platform, but a representative said that the company’s NFT suite of services, dubbed “NFT Paradise,” has seen an increase in popularity in recent months.
While the NFT industry as a whole has matured, analytics platforms catering to its fans are still in their infancy. Even the most popular sites, such as Dune Analytics and DappRadar, have a propensity for data to be wrong.
In December, Nansen raised $75 million in a funding round led by Accel. In April, the firm acquired gaming data analytics firm ZeroDrop for an undisclosed sum.