Nansen added analytics data on solana for 53,000 NFT collections so now traders can access in-depth data for the rising projects which were only available for users on Ethereum up until now, so let’s read more today in our latest blockchain news.

Nansen is a blockchain analytics platform that is used by Defi markets and NFT traders and it announced today that it fully integrated Solana after launching a series of dashboards and features that will provide analysis into the rising NFT market. The company revealed its plans for Solana a year ago with intentions to launch capabilities in the first quarter of this year. Nansen started rolling out support with some integrations for DEFI protocols whcih enable the non-custodial trading, borrowing, and lending of assets without third-party intermediaries. Now, Nansen implemented its NFT functionality with solana.

There were over 800K NFT transactions on Solana last week. That’s double the amount on Ethereum.

source: @nansen_ai pic.twitter.com/p4jeU6qMJv

— Paul Solana (@researcher_paul) June 30, 2022

Nansen added analytics data with an array of dashboards and tools for analyzing the market trends. The company’s wallet labeling service identified key traders on NFT and DEFI markets and provided other users with a look at their activity via the features like smart money leaderboards. It offers a look at trending NFT collections and marketplaces while also becoming a favorite among NFT traders. Solana will now allow traders to tap into the same kinds of data with the Nansen dashboards covering 53,000 NFTs. Some of the dashboards are provided free to the users that will sign up for the Lite service while other features will require a paid subscription.

Nansen launched a web3 messenger service dubbed Nansen connect which will be designed for NFT and crypto communities to chat and exchange direct messages. The company raised $75 million in a Series B funding round a year ago. The NFT is a blockchain token that serves as a deed of ownership for digital goods and Ethereum is the leader in the NFT ecosystem so far. Some popular Solana NFT collections include Trippin Ape Tribe and Okay Bears and they gained quite the traction in the past few months, even surpassing Ethereum projects in terms of volume. OpenSea and Rarible also added support for Solana NFTs in recent months but Magic Eden which is now valued at $1.6 billion, remained dominant in the Solana space.

The NFTs exploded in 2021 and generated up to $25 billion worth of trading volume while continuing to surge in 2022 ahead of the recent market crash. Collectibles are still trading with OpenSea registering almost the same numbers of ETH NFTs sold in June.