After a surge in minting, trade volume, and activity, Nansen Research is tracking Solana network data.

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.

spot_img

Related Posts

To enhance Web3 access in Southeast Asia, Opera Crypto Browser links up with Coin98.

A collaboration between Opera Crypto Browser, a Web3-focused project for allowing users to easily access decentralized apps (DApps), games, and metaverse platforms, has been...

The price of Chingari coins fell 87%, and developers submitted a large sell order.

On Monday, the GARI token of Solana blockchain-based social network application Chingari dropped 87%, fueling speculation that hacks or misconduct had taken place. Developers said...

Users will be able to manage Solana CeFi and DeFi accounts in one application with FTX integration thanks to Solarflare’s support.

On Thursday, Solana (SOL)-native wallet Solflare released a new integration with cryptocurrency exchange FTX.com and FTX.us to simplify portfolio management for Solana users. It would...
spot_img

Similar Posts