Nansen 2 brings transparency and analytics to the Tron ecosystem
The TRON network will be fully integrated on Nansen 2 for the collaboration between Nansen and TRON Decentralized Autonomous Organization (DAO). Nansen launches the Tron Macro Dashboard, which provides developers and investors with real-time insights into the Tron ecosystem.
Nansen analyzing the Tron Hay Day
Blockchain data analytics and wallet authentication provider Nansen offers Tron users and developers new transparency and a window into the network's onchain activity. The deal comes as Tron is rapidly gaining new users and emerging as a dominant force for USDt (USDT) adoption.
Tron hosts the largest distribution of USDT with 22.7 million USDT holders in over 270 million user accounts. This compares to 4.2 million USDT holders on Ethereum. Tron reaches full decentralization in December 2021.
Tron is distinguished by its size and low fees. In mid-November, Tether released $1 billion USD on Tron without paying any fees. That's part of a total of $2 billion in USDT less than two weeks after $1 billion was transferred from Tron to Ethereum. Tether also spent $1 billion on Tron in August.
Tron merged with blockchain oracle Chainlink in October. Tron founder Justin Sun said of Nansen:
“With advanced analytics and on-chain data insights, developers will have more tools and resources to build and improve DApps with more transparency in the community.”
In addition to USDT, Tron's memecoin startup SunPump is driving Tron's revenue. SunPump was responsible for $151.2 million in net revenue of $577 million in the third quarter. Between August 12 and September 30, 89,000 tokens were launched using the new service, and on August 20 alone, more than 7,500 tokens were launched.
Related: Tron's Bitcoin Layer-2 Plan Could See ‘Bundled' USDT to Bitcoin Flow
Nansen is moving forward.
Nansen 2 is the latest version of the analytics platform.
Nansen acquired StakeWithUs, a Singapore-based staking service provider, in September. The purchase allows users to share tokens with Nansen validators on more than 20 blockchains.
Source: Nansen
Nansen added to Solana's analysis in October, noting that blockchain presents unique challenges due to its technical complexity and high data volume.
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