Nansen revealed its latest blockchain analytics platform for Solana. The mixing goals to supply Web3 investors with the network’s detailed on-chain data and offer higher tools for blockchain analytics.
Nansen Launches Latest Platform
On Thursday, blockchain analytics firm Nansen announced the launch of its latest platform for Solana. The platform is ready to supply “advanced tools” to watch token balances, track wallet movements, and analyze Solana’s Decentralized Finance (DeFi) and Non-Fungible Token (NFT) ecosystem.
In line with the announcement, the brand new platform seeks to supply “actionable insights across Solana’s Blockchain” by addressing the Web3 analytics sector’s gaps, aiming to supply higher tools for the network and fill the breach that makes real-time balance tracking and following wallet movement difficult for investors attempting to conduct in-depth evaluation:
Nansen’s integration of Solana responds to gaps that currently exist within the blockchain’s analytics landscape. While existing tools and platforms provide adequate coverage of Solana data at each macro and micro levels, they lack the standard and breadth present in ecosystems like Ethereum (EVM).
Furthermore, the on-chain analytics platform noted that its integration with the blockchain was built considering the network’s unique architecture to “bring clarity to the complex and rapidly evolving Solana ecosystem.”
“Nansen acknowledges the nuances between the Solana Virtual Machine (SVM) and EVM,” read the announcement, detailing that it would offer “tailored solutions” for Ethereum Virtual Machine (EVM) and non-EVM views across 16 blockchains, including all major Ethereum Layer 2s.
Solana Integration To Offer Higher Blockchain Analytics Tools
Nansen unveiled the platform’s latest features, including Wallet Profit & Loss (PnL), portfolio management tracking, and Token Screener for token performance insights. These features aim to enable users to watch and examine on-chain data faster.
Moreover, it would provide on-chain insights surfaced by artificial intelligence (AI), called “Signals,” for identifying market trends and Smart Money tracking to permit the next of the movements of institutional investors and profitable whales.
With these features, Nansen explained that investors can track real-time balance changes and follow wallet movements across the network’s ecosystem.
The mixing can even improve wallet attribution by offering tens of millions of wallet labels that may facilitate the identification of massive industry players, enabling users to detect trends, risks, and opportunities.
Lastly, Nansen’s CEO, Alex Svanevik, highlighted the platform’s efforts to deal with the breach within the sector and help Web3 and blockchain evaluation:
Nansen’s Solana integration is the subsequent step in delivering the most effective blockchain analytics available in the market. By offering in-depth token and wallet-level data, we’re giving investors the tools they should navigate Solana with confidence. This launch marks a pivotal moment for Web3 analytics.
Solana (SOL) is trading at $154 within the weekly chart. Source: SOLUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com