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Here is how you can track DeFi protocols and NFT launches on Solana

  • November 10, 2021
  • Posted by: admin
  • Category: BitCoin, Blockchain, Cryptocurrency, Investments
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Blockchain analytics platform Nansen has announced today an upcoming integration with Solana, a high-performance blockchain supporting builders around the world creating crypto apps that scale.

Set to launch in Q1, the new Solana dashboards on Nansen will give users the ability to explore the top-performing DeFi protocols, Smart Money movements NFT launch on Solana, and gain insights into the Solana blockchain ecosystem as a whole.

Tracking dApp activity on Solana

Over 30 protocols have been launched on Solana, including several DeFi applications and NFT marketplaces, and the total value locked on the network has already surpassed $13.4 billion this month. 

DeFi projects like Raydium, an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX) reached $1.9 Billion in TVL and growing, while Solana-based NFT collections, such as Solana Monkey Business, Degenerate Ape Academy, and Aurory have been tremendously welcomed by the crypto community, leading cryptocurrency exchange FTX to launch a marketplace for Solana-based NFTs.

Nansen’s innovative blockchain analytics platform enriches on-chain data with over 100 Million wallet labels across Ethereum, Polygon, Fantom, and Binance Smart Chain, to provide traders, hedge funds, institutional investors, and VCs with actionable insights into the crypto markets. 

It enables an easier exploration for complex on-chain data on VC money flows, exchange activity, and emerging trends in DeFi and NFTs, through user-friendly, streamlined visual dashboards rich in actionable insights. Users will be able to leverage Nansen’s technologies to identify opportunities in the Solana ecosystem and get a head start in their decision-making process.

Dashboards like Nansen’s “Smart Money” surface DeFi projects that are gaining traction amongst crowds like hedge funds, institutions, and large active traders; while “NFT Paradise” and “Mint Master” can identify and signal the latest NFT projects gaining popularity on Solana.

“Market intelligence and data access play an important role in blockchain ecosystems”, said Anatoly Yakovenko, CEO of Solana Labs. “I’m delighted to see platforms like Nansen adding support for Solana.”

The post Here is how you can track DeFi protocols and NFT launches on Solana appeared first on CryptoSlate.

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