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On-Chain Wallet Profiler Nansen Adds Solana Coverage

“There has been huge demand to launch a Solana dashboard,” said Nansen CEO Alex Svanevik.

Updated Apr 10, 2024, 2:05 a.m. Published Apr 14, 2022, 2:03 p.m.
Solana adherents gathered under the lights. (Danny Nelson/CoinDesk archives)
Solana adherents gathered under the lights. (Danny Nelson/CoinDesk archives)

Crypto data service Nansen announced Thursday that it is adding support for transactions on the Solana blockchain.

In a press statement, the startup pointed to Solana’s growth across non-fungible tokens (NFTs) and decentralized finance (DeFi). The integration will “help to identify emerging” trends on both fronts, it said.

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On Thursday, Nansen’s Solana overview page showed the fast and cheap blockchain had 1.31 million “unique 1-day visitors.” Decentralized exchange (DEX) Serum accounted for 32% of “program executions.”

Nansen now sports Solana stats. (Nansen)
Nansen now sports Solana stats. (Nansen)

Nansen’s wallet-sleuthing services have attracted traders and venture firms for deciphering crypto’s transparent, albeit befuddling, on-chain transactions.

It raised $75 million late last year to fund an aggressive expansion campaign.

There’s massive demand for on-chain tooling and other wallet trackers are also eyeing growth. Wednesday, the startup Context raised $19.5 million from venture backers.

“There has been huge demand to launch a Solana dashboard,” Nansen CEO Alex Svanevik said in a press release.

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Wall Street broker Benchmark argued the crypto network has ample time to evolve as quantum risks shift from theory to risk management.

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