Home News Blockchain service provider Nansen to integrate Solana data analytics

Blockchain service provider Nansen to integrate Solana data analytics

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Blockchain analytics platform Nansen will add support for the Solana network in the first quarter of 2022. Solana made the announcement as part of the Breakpoint conference.

Thus, the new dashboard will allow you to study metrics focused on decentralized finance (DeFi) projects in the ecosystem and non-fungible token (NFT), which are released in this blockchain. The tool will also track on-chain transactions.

According to Alex Svanevik, co-founder and CEO of Nansen, the Solana network plays an important role in the development of the DeFi and NFT sectors. He noted that in connection with the expansion of the ecosystem of this blockchain, the company is trying to provide investors with the most complete information.

The total cost of funds in decentralized applications

According to Nansen, Solana has more than 29 different protocols running. The total cost of funds in decentralized applications based on this network exceeded $15.16 billion, according to DeFi Llama. The largest projects by this indicator are Raydium ($2.08 billion), Marinade Finance ($1.85 billion) and Serum ($1.82 billion).

“Market analytics and data access play an important role in blockchain ecosystems. I am glad that platforms like Nansen are adding support for Solana”. Said Anatoly Yakovenko, founder and CEO of Solana Labs.

Founded in 2020, the Nansen platform uses machine learning and other advanced technologies to track activity in the Ethereum, Polygon, Fantom and Binance Smart Chain blockchains. Its tools are used not only by retail traders. But, also, by institutional market participants like hedge funds.

Series A funding round

Earlier in June, Nansen raised $12 million in a Series A funding round led by Andreessen Horowitz (a16z).

Skyfall Ventures, Coinbase Ventures, imToken Ventures, Mechanism Capital and QCP Capital also participated in the round. Nansen used the funds raised to expand the team, the user base and the functionality of the platform.

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