What’s Hot on Solana? Nansen Adds Analytics Data for 53,000 NFT Collections

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Traders can now access in-depth data on Solana’s rising NFT projects, which had previously only been available for users on Ethereum.

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In brief

  • Crypto analytics platform Nansen has integrated Solana NFTs into its platform.
  • Nansen tracks more than 53,000 Solana NFT projects now, along with projects on other platforms.

Nansen, a blockchain analytics platform utilized by investors inside the NFT and DeFimarkets, announced these days that it has fully integrated Solana, launching a series of dashboards and capabilities that provide analysis into its rising NFT marketplace.

The firm first revealed its plans for Solana closing November, with intentions to release the skills in Q1 2022. Ultimately, Nansen started rolling out guide in April with some integrations for DeFi protocols, the kind that enable non-custodial buying and selling, borrowing, and lending of crypto assets with out 1/3-birthday celebration intermediaries. Now, Nansen has implemented in-intensity Solana NFT functionality.

Nansen offers an array of dashboards and gear for reading crypto market developments. The firm’s pockets labeling carrier identifies key investors across the NFT and DeFi markets, supplying other users a have a look at their interest via capabilities including “smart money” leaderboards.

It also offers a take a look at trending NFT collections and marketplaces, and has end up a favorite of some Ethereum NFT investors. Now Solana investors can tap into the same varieties of facts, with Nansen’s dashboards covering greater than 53,000 NFT collections at the blockchain platform.

Some of Nansen’s dashboards are furnished loose to users who join up for its Nansen Lite provider, at the same time as different functions require a paid subscription.

Nansen additionally lately released a Web3 messenger carrier referred to as Nansen Connect, that is designed for crypto and NFT communities to talk and exchange encrypted direct messages. The firm most these days raised a $75 million Series B funding spherical final December.

An NFT is a blockchain token that serves as a deed of possession, often for digital goods like paintings and collectibles. Ethereum is the leading NFT atmosphere through a ways, with Solana a far off 2d in phrases of trading quantity.

However, some popular Solana NFT collections—like Okay Bears and Trippin’ Ape Tribe—have received enormous traction in the ultimate couple of months, even beating popular Ethereum initiatives in terms of trading extent within a 24-hour length.

Established marketplaces like OpenSea and Rarible have brought assist for Solana NFTs in latest months, although pinnacle Solana market Magic Eden—which is now valued at $1.6 billion—has up to now remained dominant in the Solana area.

NFTs exploded in reputation in 2021, generating a few $25 billion well worth of buying and selling quantity, and persevered apace into 2022 ahead of the recent and ongoing crypto marketplace crash. Collectibles are nonetheless buying and selling, with main marketplace OpenSea registering near-identical numbers of Ethereum NFTs bought in May and June, but at hugely decrease USD prices, given the sinking rate of crypto property such as ETH.

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