Nansen Launches Token and Wallet Tracking Tools for Solana Analytics

CryptoNews.com

2024-10-17 04:26:55

Nansen Solana

Nansen said the NEW tracking tools will give a competitive edge to investors. Last updated:

October 17, 2024 08:26 EDT

Journalist

Tanzeel Akhtar

Journalist

Tanzeel Akhtar

About Author

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

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Last updated:

October 17, 2024 08:26 EDT

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The tools will give insights into Solana’s decentralized finance (DeFi) and NFT ecos, surpassing many of the existing analytics platforms for the network, said the firm.

Nansen said the tracking tools will give a competitive edge to investors, helping them monitor wallet movements, track token balances, and conduct deep analysis.

“Nansen’s Solana integration is the next step in delivering the best blockchain analytics in the market,” said Alex Svanevik, CEO of Nansen in a statement.

“By offering in-depth token and wallet-level data, we’re giving investors the tools they need to navigate Solana with confidence. This launch marks a pivotal moment for Web3 analytics,” said Svanevik.

Hearing Solana launches later today 👀

— Nansen 🧭 (@nansen_ai) October 17, 2024

Solana Sees Explosive Growth

Solana, one of the fastest-growing blockchain ecos, has seen explosive growth in DeFi and NFTs. However, analytics tools for Solana have historically lagged behind those for other blockchains like Ethereum.

Nansen has seen a gap in the market. While existing tools provide adequate macro and micro-level data, they lack the depth of wallet-level analysis and real-time tracking necessary for investors to make informed decisions.

Nansen said its solution to this problem is its comprehensive wallet attribution and data analysis, designed to offer actionable insights across Solana’s blockchain.

The new tools include features such as Wallet Profit and Loss (PnL) tracking, which allows users to manage their portfolios effectively, and the ‘Signals’ feature, which uses AI to surface on-chain insights and identify market trends.

Additionally, Nansen said it offers a Token Screener for in-depth token performance insights and Smart Money tracking to follow the activities of institutional investors and high-performing “whales.”

One of the standout aspects of Nansen’s integration is its focus on token and wallet-level analytics. This enables users to track real-time balance changes and asset flows across the Solana eco, helping detect trends and opportunities.

TOKEN-15,25%

SOL-0,28%

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