Blockchain analytics service Nansen to include DeFi protocol Arbitrum


Blockchain data provider Nansen announced the upcoming integration of the Arbitrum Network to enable its global users, both private and institutional, to spot emerging trends in the decentralized financial market (DeFi).

Technical charts and quantitative data will be accessible in a bespoke Arbitrum dashboard, similar to the more than 100 million data points found in Ethereum, Polygon and Binance Smart Chain, among others.

One of Nansen’s tools is Smart Money, a feature that tracks the wallet addresses of hedge funds, institutional investments, and whales and summarizes their activity in a visual graphic that allows users to determine technical patterns.

Other features of the platform include NFT Paradise and Mint Master, which provide insights into burgeoning Nonfungible Token (NFT) trends before they hit the mainstream.

Earlier this month, Nansen announced plans to integrate a Solana dashboard to expand user access to on-chain data and performance metrics within the DeFi and Nonfungible Token (NFT) markets.

Accompanying this announcement, the Nansen team released a research paper claiming that Layer 2 protocols like Arbitrum have the potential to become leaders in Ethereum scalability in the next five years, but also noted:

“Scaling is not enough. In increasing their transaction throughput, blockchains must preserve two fundamental properties of blockchain technology: decentralization and security. This is known as the blockchain trilemma. To date, the only Ethereum scaling solution that fulfills all three elements is rollups like arbitrum. “

Arbitrum One’s mainnet launched its roll-up solution in the public domain on September 1st and has since become known with a Total Value Locked (TVL) of over $ 2.38 billion according to analytics data from DeFi Llama.

A number of 41 protocols contributed to this ten-digit sum, in particular the multi-chain protocol Curve Finance, which accounts for 22.11%, as well as SushiSwap and Abracadabra, which are 525.54 million and respectively.

Related: Binance Opens Layer 2 ETH Depots With Arbitrum One Integration.

In addition to compelling insights into Arbitrum’s low transaction costs and gas fees compared to Ethereum – the latter of which is significantly lower by around 80-90% – Nansen’s research paper also commented on the possibility of introducing Arbitrum native tokens, a topic of discussion that has been in the past Months because of the positive acceptance.

Fractional Art founder Andy Chorlian recently shared his perspective on this debate, hinting that an arbitrum token would likely take the protocol over the ascending layer-one blockchain Avalanche, currently number 11 on the total market cap ranking stands.

If Arbitrum had a mark, it would destroy Avax

– andy (@ andy8052) November 19, 2021

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