On-Chain Wallet Profiler Nansen Adds Solana Coverage

Nansen, a cryptocurrency data service, announced Thursday it would be supporting transactions on the Solana Blockchain.

In a press statement, the startup pointed to Solana’s growth across non-fungible tokens (NFTs) and decentralized finance (DeFi). The integration will “help to identify emerging” trends on both fronts, it said.

On Thursday, Nansen’s Solana overview page showed the fast and cheap blockchain had 1.31 million “unique 1-day visitors.” Decentralized exchange (DEX) Serum accounted for 32% of “program executions.”

Nansen’s wallet-sleuthing services have attracted traders and venture firms for deciphering crypto’s transparent, albeit befuddling, on-chain transactions.

It raised $75 million late last year to fund an aggressive expansion campaign.

There’s massive demand for on-chain tooling and other wallet trackers are also eyeing growth. Wednesday, the startup Context raised $19.5 million from venture backers.

“There has been huge demand to launch a Solana dashboard,” Nansen CEO Alex Svanevik said in a press release.

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