The Fantom Basis has introduced that blockchain knowledge analytics platform Nansen now helps the Fantom mainnet.
Nansen is a blockchain analytics platform that enriches on-chain knowledge with hundreds of thousands of wallets labels. Crypto buyers use Nansen to find alternatives, carry out due diligence and defend their portfolios with our real-time dashboards and alerts.
“Nansen analytics will deliver visibility to progressive initiatives on the community and amplify their successes,” mentioned Fantom CEO Michael Fong in a ready assertion. “We’re excited in regards to the elevated utilization Nansen will deliver to Fantom and to the unimaginable wealth of knowledge that the analytics platform will make accessible,” he added.
Why the help for Fantom?
Fantom is experiencing a interval of protracted and extraordinary growth. Builders have been wanting to leverage Fantom’s excessive velocity (1-second transaction finality) and low gasoline charges to energy their purposes.
Moreover, quite a few initiatives like Curve, SushiSwap, and C.R.E.A.M. have taken benefit of Fantom’s EVM compatibility to port over their Ethereum options.
The numbers mirror this development: on the time of writing, Complete Worth Locked (TVL) on DeFi protocols throughout the Fantom ecosystem is $2.3 billion, representing over 650% development since
August 1, when TVL stood at $319 million. The variety of distinctive pockets addresses has additionally jumped 290%, from 281,560 to 818,903 in the identical interval.
True to its mission assertion, “Floor the sign,” Nansen distills voluminous and sophisticated on-chain knowledge on VC cash flows, alternate exercise, rising tendencies, and extra into user-friendly, streamlined visible dashboards wealthy in actionable insights.
Nansen know-how for use
Customers can now leverage Nansen’s ground-breaking applied sciences to determine alternatives within the Fantom ecosystem and even anticipate rising tendencies.
For instance, by consulting Nansen’s “Token God” dashboard, customers can decide which new Fantom initiatives and Fantom property are drawing the eye of the sensible cash crowd that features hedge funds, establishments, and enormous, energetic merchants.
Different sources like “Sizzling Contracts” can determine the newest DeFi protocols gaining recognition or sign collections on Fantom’s newly launched Artion NFT platform which are being actively acquired.
Nansen’s providers fulfill the promise of radical transparency that blockchain applied sciences provide. As Fantom continues to scale, Nansen appears to play an important function in serving to buyers and analysts uncover potential and alternatives on the Fantom community.
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