Blockchain analysis service Nansen will integrate DeFi protocol Arbitrum


Blockchain data provider Nansen announced the upcoming integration of the Arbitrum network to enable its global retail and institutional users to recognize emerging trends in the Decentralized Finance (DeFi) market.

Technical charts and quantitative data can be viewed in a customized Arbitrum dashboard, similar to the more than 100 million data points of Ethereum, Polygon, and Binance Smart Chain.

One of Nansen’s tools is Smart Money, which can track the wallet addresses of hedge funds, institutional investments and whales, organize their activities into visual graphs, and enable users to determine technical patterns.

Other features of the platform include NFT Paradise and Mint Master, which provide insights before the emerging non-fungible token (NFT) trend becomes mainstream.

At the beginning of this month, Nansen announced plans to integrate Solana dashboard To expand users’ accessibility to on-chain data and performance indicators in the DeFi and non-fungible token (NFT) market.

Following this news, the Nansen team published a research paper claiming that layer 2 protocols such as Arbitrum may become Ethereum’s scalability market leaders in the next five years, but also pointed out:

“Scaling is not enough. While increasing transaction throughput, the blockchain must retain the two basic properties of blockchain technology: decentralization and security. This is known as the blockchain trilemma. As of today , The only Ethereum scaling solution that satisfies all three elements is an aggregation like Arbitrum.”

According to analysis, the Arbitrum One mainnet launched its aggregate solution to the public domain on September 1, and has since gained fame with a total value lock (TVL) of more than $2.38 billion. data From DeFi Llama.

This 10-figure sum is contributed by 41 agreements, the most famous of which is the multi-chain agreement Curve Finance, which accounts for 22.11%, in addition to SushiSwap and Abracadabra, their TVLs are US$52554 million, US$449.8 million, and US$40167 million, respectively. US dollars, respectively.

Related: Binance opens the second tier of ETH deposits through the Arbitrum One integration.

In addition to convincing insights on Arbitrum’s low transaction costs and gas fees compared to Ethereum (the latter is significantly lower by about 80-90%), Nansen’s research paper also commented on the possibility of the launch of Arbitrum’s native token. It is a topic of discussion that has gained tremendous traction in the case of active adoption in the past few months.

Andy Chorlian, the founder of Fractional Art, recently shared his views on this debate. He said that the Arbitrum token may push the protocol beyond the soaring first-tier blockchain Avalanche, which currently ranks 11th in the total market capitalization ranking.