Nansen has launched a new blockchain analytics platform specifically designed for Solana. This integration is intended to give Web3 investors access to detailed on-chain data from the network and enhance the tools available for blockchain analytics.
Nansen Introduces New Platform
On Thursday, the blockchain analytics company Nansen announced the debut of its latest platform for Solana. The platform is expected to provide “advanced tools” for monitoring token balances, following wallet activities, and analyzing Solana’s Decentralized Finance (DeFi) and Non-Fungible Token (NFT) landscapes.
As noted in the announcement, the new platform aims to deliver “actionable insights across Solana’s Blockchain” by addressing the existing gaps in the Web3 analytics landscape, striving to enhance the tools available for the network and resolve issues related to real-time balance tracking and wallet movement observation for investors conducting thorough analyses:
Nansen’s integration with Solana addresses the current deficiencies in blockchain analytics. While existing tools and platforms provide satisfactory coverage of Solana data at broad and detailed levels, they do not offer the quality and depth seen in ecosystems such as Ethereum (EVM).
Furthermore, the on-chain analytics platform stated that its integration with the blockchain was designed with the network’s distinctive architecture in mind, aiming to “clarify the intricate and rapidly changing Solana ecosystem.”
“Nansen recognizes the differences between the Solana Virtual Machine (SVM) and EVM,” according to the announcement, which indicated that it will provide “tailored solutions” for both Ethereum Virtual Machine (EVM) and non-EVM perspectives across 16 blockchains, including all prominent Ethereum Layer 2s.
Enhanced Blockchain Analytics Tools with Solana Integration
Nansen revealed new features for the platform, such as Wallet Profit & Loss (PnL), portfolio management tracking, and Token Screener for insights into token performance. These features are designed to help users quickly observe and analyze on-chain data.
In addition, the platform will provide on-chain insights generated by artificial intelligence (AI), referred to as “Signals,” to help identify market trends and track Smart Money, allowing users to follow the activities of institutional investors and successful whales.
With these features, Nansen elaborated that investors can keep an eye on real-time balance fluctuations and monitor wallet activities throughout the network’s ecosystem.
The integration will also enhance wallet attribution by offering millions of wallet labels to help identify major industry players, enabling users to spot trends, risks, and opportunities.
Finally, Nansen’s CEO, Alex Svanevik, emphasized the platform’s commitment to addressing the gaps in the sector and aiding Web3 and blockchain analytics:
Nansen’s Solana integration is a significant advancement in providing top-notch blockchain analytics in the industry. By delivering in-depth token and wallet-level information, we equip investors with the necessary tools to confidently navigate Solana. This launch represents a crucial milestone for Web3 analytics.
Solana (SOL) is currently valued at $154 on the weekly chart. Source: SOLUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com
