Blockchain data provider Nansen announced the planned integration of Solana’s dashboard to provide comprehensive insights to institutional and individual investors looking to identify emerging network trends such as decentralized finance (DeFi) and non-fungible tokens (NFT) markets.
Scheduled to launch in the first quarter of 2022, Solana is set to expand an already impressive offering of over 100 million on-chain wallet data points across the leading networks, Ethereum, Polygon, Fantom, and Binance Smart Chain.
Popular Nansen features such as Smart Money allow investors to identify investments in new DeFi projects among different types of investors, while NFT Paradise and Mint Master provide tools to identify NFT projects that are gaining popularity in the space.
Cointelegraph spoke with Alex Svanevik, co-founder and CEO of Nansen to get an exclusive look at the implications of integrating Solana’s market intelligence data into two rapidly growing sectors, DeFi and NFT:
“The Solana ecosystem has grown a lot this year and is attracting both developers and users. This has made Solana support one of Nansen’s most requested features. So the short answer is that we just listen to our users.”
RELATED: Solana NFT Secondary Sales Reach Half a Billion in Three Months
According to DeFi Llama figures, Solana’s total closed-end value is $15.27 billion (TVL) after a year of seismic growth. On Monday, Solana surpassed the top ten names of Tether (USDT) and Cardano (ADA) to take fourth place by market capitalization.
Solana’s TVL record numbers were driven by leading blockchain protocols Raydium (RAY), Marinade Finance (MNDE), and Serum (SRM), reaching $2.08 billion, $1.86 billion and $1.85, respectively. billion dollars in TVL.
Similarly, Cryptoslam data shows that Solana ranked third after Ethereum and Ronin in a 30-day estimate of NFT sales of just $117 million, the consolidation period for the chart.
Amidst a cultural trend in the NFT and NFT markets to launch alternative blockchains for Ethereum, Svanevik also shared his predictions regarding the benefits of using NFT ideas about Solana:
“With Nansen, Solana users no longer need to shop in the dark. They will be able to identify opportunities, conduct due diligence, and protect their investment portfolios with real-time online alerts.”