Blockchain data provider Nansen announced the upcoming integration of the Arbitrum network to enable global users, whether retail or corporate, to spot emerging trends in the decentralized finance (DeFi) market.
Technical charts and quantitative data will be available for viewing on a dedicated Arbitrum dashboard, as well as over 100 million data points for Ethereum, Polygon, Binance Smart Chain and more.
One of Nansen’s tools is Smart Money, a feature that tracks the addresses of portfolios of hedge funds, institutional investments, and whales and aggregates their activity into a visual diagram that allows users to identify technical patterns.
Other features on the platform include NFT Paradise and Mint Master, which provide insight into the growing trends of NFT tokens before they go mainstream.
Earlier this month, Nansen announced plans to integrate the Solana dashboard to increase user access to on-chain data and performance metrics on DeFi and non-fungible token (NFT) marketplaces.
Alongside this announcement, Nansen’s team published a research paper claiming that Layer 2 protocols like Arbitrum could lead the Ethereum scalability market over the next five years, but also note:
“Scaling is not enough. As transaction throughput increases, blockchains must maintain two important properties of blockchain technology: decentralization and security. This is known as the blockchain trilemma. To date, the only Ethereum scaling solution that fits all three is aggregates like Arbitrum. ”
The main network, Arbitrum One, launched its public domain aggregation solution on September 1 and has since stood out with a total blocked value (TVL) in excess of $ 2.38 billion, according to analytics from DeFi Llama.
That 10-digit amount was contributed by 41 protocols, notably Curve Finance’s multi-chain protocol, which accounts for 22.11%, and SushiSwap and Abracadabra, which totaled $ 525.54 million, $ 449.84 million and $ 401. 67 million TV lines, respectively.
On the subject: Binance platform opens team deposits in ETH with Arbitrum One integration.
In addition to a compelling understanding of Arbitrum’s lower transaction costs and gas fees compared to Ethereum – the latter is much lower by about 80-90% – Nansen’s research article also commented on the possibility of launching the original Arbitrum token, the topic of which was a discussion that had a huge impact in recent years. months due to positive acceptance.
Fractional Art founder Andy Chorlian recently shared his take on this debate, suggesting that the Arbitrum token is likely to propel the protocol over the growing collapse of the first tier of the blockchain, which is currently ranked 11th overall in market cap rankings.