As a seasoned researcher with a penchant for blockchain technology, I must say that the collaboration between Nansen and Tron DAO is an exciting development in the world of decentralized finance (DeFi). Having closely followed both projects’ growth, it’s clear to me that this partnership will bring new insights and transparency to the Tron ecosystem.
On Nansen 2, the Tron network is set to undergo seamless integration as a result of a partnership between Nansen and the Tron DAO (Decentralized Autonomous Organization). This partnership will lead to the debut of a Tron Macro Dashboard on Nansen 2, offering real-time insights to both developers and investors about the Tron ecosystem.
Nansen analyzing Tron heyday
Through this partnership, blockchain data analytics firm Nansen will offer Tron users and developers enhanced visibility into the activities occurring on the Tron network. This includes insights into the network’s on-chain activity. The collaboration takes place at a time when Tron is experiencing significant user growth and making strides as a leading platform for USDT (Tether) adoption.
On Tron, the platform boasts the greatest number of circulating USDT units, serving more than 270 million account users, among whom are approximately 22.7 million USDT holders. In contrast, Ethereum has around 4.2 million USDT holders. Notably, Tron achieved full decentralization in December 2021.
Tron stands out for its ability to handle large amounts of data (scalability) and keep transaction costs minimal. Notably, in mid-November, Tether generated a billion USDT without incurring any fees on the Tron platform. This occurred just about two weeks after Tether had transferred 1 billion USDT from Tron to Ethereum as part of a total 2 billion USDT shift. Previously, Tether also produced a billion USDT on Tron back in August.
In October, Tron partnered with Chainlink, a well-known blockchain oracle. As for the collaboration, Tron’s founder, Justin Sun, expressed his thoughts on Nansen. (This version maintains the original structure and meaning but uses simpler language and more natural phrasing.)
“With advanced analytics and on-chain data insights, developers will have access to more tools and resources to build and optimize their DApps, while enabling greater transparency within the community.”
As a crypto investor, I’ve noticed that SunPump, Tron’s memecoin launchpad, has been a significant contributor to the platform’s revenue. In fact, it accounted for an impressive $151.2 million of the network’s record-breaking $577 million earnings in Q3 alone. Over the period between August 12th and September 30th, a total of 89,000 tokens were launched through this new service, with a staggering 7,500 tokens being released on August 20th.
Nansen striding forward
Nansen 2 is the latest version of the analytics platform.
In September, Nansen purchased StakeWithUs, a company based in Singapore that specializes in staking services. This acquisition enables users to stake their tokens with Nansen’s validators on over 20 different blockchain networks.
In October, Nansen incorporated Solana analytics, acknowledging that the blockchain presents unique difficulties because of its intricate technical nature and vast amount of data it generates.
Read More
- The Masked Singer Christmas special line-up – who are the characters?
- CRV PREDICTION. CRV cryptocurrency
- CTK PREDICTION. CTK cryptocurrency
- ZIG PREDICTION. ZIG cryptocurrency
- CTXC PREDICTION. CTXC cryptocurrency
- IMX PREDICTION. IMX cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- AGI PREDICTION. AGI cryptocurrency
- BONK trading volume crashed 73% – PEPE, WIF, FLOKI next?
- OKB PREDICTION. OKB cryptocurrency
2024-11-19 14:02