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Nansen Adds Terra for On-Chain Analytics as Home of LUNA Grows as DeFi Hub
It becomes the sixth blockchain to be supported by the popular data platform.
Updated May 11, 2023, 4:47 p.m. Published Mar 17, 2022, 2:00 p.m.
As Terra’s influence in decentralized finance (DeFi) grows, traders are now equipped with new tools to track it.
Popular wallet profiler and analytics platform Nansen announced on Thursday that it has expanded its coverage to Terra, now the sixth blockchain the service analyzes.
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The coverage comes at a time when Terra is emerging as a DeFi powerhouse and its native token, LUNA, is bucking wider market trends.
Terra is currently the second-largest chain in terms of total value locked (TVL) at $25.6 billion, comfortably outstripping Binance Smart Chain’s $11.9 billion. Likewise, LUNA is up 65% on the month, while ETH has fallen by 5%.
Part of the popularity of the chain is attributable to its high performance. Per a press release provided to CoinDesk, “research from Nansen shows that the total number of transactions on Terra hover around 50% of Ethereum’s total transactions while gas fees paid are between 0.2%–0.6% of that paid on Ethereum.”
However, detractors say that much of the volume that Terra has attracted is due to Anchor, a stablecoin minting protocol that yields over 19% to depositors.
The protocol is often referred to as pyramidal or “ponzinomic” in nature, and high-profile Twitter personalities have been engaging in bets about the price of LUNA in part as a proxy for Anchor’s success.
Since @cobie has tweeted he is setting up multisig
— GCR (@GiganticRebirth) March 17, 2022
We owe it to the culture to put some actual real size/conviction on this bet, as was initial spirit
Offering to double this up to 20 million with @stablekwon
I will match/donate 1 milli to @angelprotocol charity if he accepts https://t.co/rYewCbs5Xr
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Solana’s Drift Launches v3, With 10x Faster Trades
With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.
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- Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make on-chain trading feel as fast and smooth as using a centralized exchange.
- The new version will deliver 10-times faster trade execution thanks to a rebuilt backend, marking the largest performance jump the project has made so far.
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