{"id":201031,"date":"2021-10-08T14:00:54","date_gmt":"2021-10-08T13:00:54","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=201031"},"modified":"2022-03-11T15:31:10","modified_gmt":"2022-03-11T15:31:10","slug":"data-analytics-on-the-fantom-ftm-blockchain-just-turned-easier","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/data-analytics-on-the-fantom-ftm-blockchain-just-turned-easier\/","title":{"rendered":"Data analytics on the Fantom (FTM) blockchain just got easier"},"content":{"rendered":"

The <\/span>Fantom Foundation<\/span><\/a> has announced that blockchain data analytics platform Nansen now supports the Fantom mainnet.<\/span><\/p>\n

Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallets <\/span>labels. Crypto investors use Nansen to discover opportunities, perform due diligence and <\/span>defend their portfolios with our real-time dashboards and alerts.<\/span><\/p>\n

\u201cNansen analytics will bring visibility to innovative projects on the network and amplify their successes,\u201d said Fantom CEO Michael Fong in a prepared statement. \u201cWe\u2019re excited about the increased usage Nansen will bring to Fantom and to the incredible wealth of information that the analytics platform will make available,\u201d he added.<\/span><\/p>\n

Why the support for Fantom?<\/b><\/h2>\n

Fantom is experiencing a period of protracted and extraordinary expansion. Developers have been eager to leverage Fantom\u2019s high speed (1-second transaction finality) and low gas fees to power their applications.<\/span><\/p>\n

Additionally, numerous projects like <\/span>Curve<\/span><\/a>, SushiSwap, and C.R.E.A.M. have taken advantage of Fantom\u2019s EVM compatibility to port over their Ethereum solutions.<\/span><\/p>\n

The numbers reflect this growth: at the time of writing, Total Value Locked (TVL) on <\/span>DeFi protocols<\/span><\/a> across the Fantom ecosystem is $2.3 billion, representing over 650% growth since<\/span><\/p>\n

August 1, when TVL stood at $319 million. The number of unique wallet addresses has also <\/span>jumped 290%, from 281,560 to 818,903 in the same period.<\/span><\/p>\n

True to its mission statement, \u201cSurface the signal,\u201d Nansen distills voluminous and complex on-chain data on VC money flows, exchange activity, emerging trends, and more into user-friendly, streamlined visual dashboards rich in actionable insights.<\/span><\/p>\n

Nansen technology to be used<\/b><\/h2>\n

Users can now leverage Nansen\u2019s ground-breaking technologies to identify opportunities in the Fantom ecosystem and even anticipate emerging trends.<\/span><\/p>\n

For example, by consulting Nansen\u2019s \u201cToken God\u201d dashboard, users can determine which new Fantom projects and Fantom assets are drawing the attention of the smart money crowd that includes hedge funds, institutions, and large, active traders.\u00a0<\/span><\/p>\n

Other resources like \u201cHot Contracts\u201d can identify the latest DeFi protocols gaining popularity or signal collections on Fantom\u2019s newly launched Artion NFT platform that are being actively acquired.<\/span><\/p>\n

Nansen\u2019s services fulfill the promise of radical transparency that blockchain technologies <\/span>offer. As Fantom continues to scale, Nansen looks to play a vital role in helping investors <\/span>and analysts discover potential and opportunities on the Fantom network.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Fantom Foundation has announced that blockchain data analytics platform Nansen now supports the Fantom mainnet. Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallets labels. Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with our real-time dashboards and alerts. \u201cNansen analytics will bring […]<\/p>\n","protected":false},"author":65,"featured_media":200943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46940],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nData analytics on the Fantom (FTM) blockchain just got easier<\/title>\n<meta name=\"description\" content=\"The Fantom Foundation has announced that blockchain data analytics platform Nansen now supports the Fantom mainnet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/data-analytics-on-the-fantom-ftm-blockchain-just-turned-easier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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