To strengthen their services, Nansen and Tron collaborate to capitalize on each other’s advantages.
Nansen and the Tron decentralized autonomous organization (DAO) will work together to integrate the Tron network on Nansen 2 completely. To give developers and investors up-to-date information about the Tron ecosystem, the platform will introduce a Tron Macro Dashboard.
Nansen’s analysis The heyday of Tron
A blockchain data analytics and wallet label supplier, Tron users and developers will benefit from additional transparency and a view into the network’s onchain activity. The transaction occurs as Tron gains users and becomes a significant player in the USDt USDT$1.00 adoption market.
With 22.7 million USDT holders throughout its more than 270 million user accounts, Tron has the most significant amount of USDT in circulation. In contrast, Ethereum has 4.2 million USDT holders. In December 2021, Tron achieved complete decentralization.
Tron stands out for its minimal prices and scalability. Tether made $1 billion in USDT on Tron in mid-November without incurring costs. Less than two weeks have passed since it transferred 1 billion USDT from Tron to Ethereum, part of a total of 2 billion USDT. In August, Tether also made $1 billion USDT on Tron.
In October, Tron integrated with Chainlink, a blockchain oracle. Regarding Nansen, Tron founder Justin Sun stated:
“With advanced analytics and on-chain data insights, developers will have access to more tools and resources to build and optimize their DApps, while enabling greater transparency within the community.”
Tron’s revenue is fueled by USDT and SunPump, its memecoin launchpad. In the third quarter, the networks made a record $577 million, of which $151.2 million came from SunPump. The new service launched 89,000 tokens between August 12 and September 30, with over 7,500 tokens launched on August 20 alone.
Nansen walks confidently ahead.
The most recent iteration of the analytics software is called Nansen 2.
In September, the platform purchased StakeWithUs, a staking service provider headquartered in Singapore. Users can stake tokens on more than 20 blockchains with validators through the acquisition.
In October, Nansen introduced Solana analytics, pointing out that the blockchain presents unique difficulties because of its vast data volume and technical complexity.