{"id":371801,"date":"2021-11-24T18:00:00","date_gmt":"2021-11-24T15:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/blockchain-analytics-service-nansen-to-incorporate-defi-protocol-arbitrum\/"},"modified":"2021-11-24T18:00:00","modified_gmt":"2021-11-24T15:00:00","slug":"blockchain-analytics-service-nansen-to-incorporate-defi-protocol-arbitrum","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/blockchain-analytics-service-nansen-to-incorporate-defi-protocol-arbitrum\/","title":{"rendered":"# Blockchain analytics service Nansen to incorporate DeFi protocol Arbitrum"},"content":{"rendered":"

“# Blockchain analytics service Nansen to incorporate DeFi protocol Arbitrum <\/strong>”<\/p>\n

Blockchain data provider <\/strong>Nansen has announced the upcoming integration of the Arbitrum network to enable its global users, both retail and institutional-grade, the ability to identify emerging trends in the decentralized finance (DeFi) market.<\/p>\n

Technical charts and quantitative data will be accessible to view within a bespoke Arbitrum dashboard, akin to the more than 100 million data points across Ethereum, Polygon and Binance Smart Chain, among others.<\/p>\n

One of Nansen\u2019s tools is Smart Money, a function that tracks the wallet addresses of hedge funds, institutional investments and whales, collating their activity into a visual graphic that enables users to determine technical patterns.<\/p>\n

Other features of the platform include NFT Paradise and Mint Master, which provide insights into the burgeoning nonfungible token (NFT) trends before they hit the mainstream.<\/p>\n

Earlier this month, Nansen unveiled plans to integrate a Solana dashboard\u00a0in a bid to expand user\u2019s accessibility to on-chain data and performance metrics within the DeFi and nonfungible token (NFT) markets.<\/p>\n

Accompanying this announcement, the Nansen team published a research paper asserting that layer-2 protocols such as Arbitrum have the potential to become market leaders in Ethereum scalability over the next five years, but also noted:<\/p>\n

\u201cScaling is not enough. While increasing their transactional throughput, blockchains must preserve two fundamental properties of blockchain technology<\/a>: decentralization and security. This is known as the blockchain trilemma. As of today, the only Ethereum scaling solution that satisfies all three elements is rollups like Arbitrum.\u201d<\/p><\/blockquote>\n

Arbitrum One mainnet launched its rollup solution into the public domain on Sept. 1, and has since risen to prominence with over $2.38 billion in total value locked (TVL) according to analytical data<\/a> from DeFi Llama.<\/p>\n

This 10-figure sum has been contributed to by an array of 41 protocols, most notably multi-chain protocol Curve Finance which accounts for 22.11%, in addition to SushiSwap and Abracadabra, which have recorded $525.54 million, $449.84 million and $401.67 million in TVL, respectively.<\/p>\n

Related: Binance opens layer-two ETH deposits with Arbitrum One integration.<\/strong><\/p>\n

<\/figure>\n

Alongside compelling insights into Arbitrum\u2019s low transaction costs and gas fees in comparison to Ethereum \u2014 the latter of which is substantially lower by app<\/a>roximately 80-90% \u2014 Nansen’s research paper also commented on the possibility of an Arbitrum native token launch, a topic of discussion that has gained significant traction over the past few months amid positive adoption.<\/p>\n

The founder of Fractional Art, Andy Chorlian, recently shared his perspective on this debate, suggesting that an\u00a0Arbitrum token would likely propel the protocol above soaring layer-one blockchain\u00a0Avalanche, which currently sits at 11th in the total market capitalization rankings.<\/p>\n

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If arbitrum had a token it would be crushing avax<\/p>\n

\u2014 andy (@andy8052) November 19, 2021<\/a><\/p><\/blockquote>\n