Bitrabo Editorial
Nansen has launched a new blockchain analytics tool specifically for the Solana network. This initiative aims to equip Web3 investors with comprehensive on-chain data and enhanced analytics capabilities.
Introduction of Nansen’s New Tool
On Thursday, Nansen, a blockchain analytics company, introduced its innovative platform focused on Solana. This platform is designed to provide users with “advanced tools” for tracking token balances, monitoring wallet activity, and analyzing the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) landscapes on Solana.
As stated in the announcement, the platform aims to deliver “actionable insights across Solana’s Blockchain” to fill existing gaps in Web3 analytics. It intends to offer superior tools for the network, addressing challenges faced by investors in real-time balance tracking and wallet movement analysis:
The integration of Solana within Nansen seeks to overcome limitations in blockchain analytics. While some resources provide reasonable coverage of Solana’s data on various scales, they do not match the depth and quality of analytics seen in better-established ecosystems like Ethereum.
Furthermore, the analytics platform has developed its integration with a focus on Solana’s distinct infrastructure to enhance understanding of its dynamic ecosystem.
“Nansen recognizes the differences between the Solana Virtual Machine (SVM) and EVM,” the announcement stated, highlighting the commitment to providing “tailored solutions” that cater to both Ethereum Virtual Machine (EVM) and non-EVM perspectives across 16 blockchains, including all key Ethereum Layer 2 solutions.
Enhanced Blockchain Analytics Tools for Solana Users
Nansen showcased new features of the platform, such as Wallet Profit & Loss (PnL) tracking, portfolio management, and a Token Screener to give insights into token performance. These enhancements aim to help users quickly access and analyze on-chain data.
Additionally, on-chain data will be augmented by AI-driven insights, termed “Signals,” which help in identifying market trends and tracking the activities of significant investors and savvy traders.
With these advancements, Nansen explained that investors can effectively monitor changes in real-time balances and track wallet activities within the network.
The integration will refine wallet attribution through a vast array of wallet labels, making it easier to identify major players in the industry and uncover trends, risks, and opportunities.
In conclusion, Nansen’s CEO, Alex Svanevik, emphasized the platform’s commitment to resolving barriers in the analytics sector and supporting Web3 and blockchain analysis:
Nansen’s integration with Solana represents a significant leap in offering the leading blockchain analytics available. By providing comprehensive token and wallet-level data, we empower investors to navigate Solana confidently. This launch signifies a critical advancement in Web3 analytics.