Nansen is thrilled to announce NFT support for Solana!
Solana has been one of the most requested chains and has a thriving NFT ecosystem. Our Solana NFT analytics dashboards cover over 53,000 collections, utilizing real-time, on-chain data. Data points such as minting activity for new projects, who’s buying/selling, hodler activity are just some of the key features that we offer. By relying on real-time, on-chain data we are able to give you the most accurate data as quickly as possible. The quality of data and breadth of coverage will enable you to discover opportunities, perform due diligence and make strategic decisions when investing in Solana-based NFT projects.
Like on Ethereum, many of the dashboards are available for FREE for our Nansen Lite subscribers. We’ll be briefly going through the dashboards included in this release in the rest of the article.
Think of NFT paradise as the CoinGecko for NFTs where you can get an overview of what’s happening in the market in the last 24 hours. As mentioned in the introduction, we offer coverage of over 53,000 collections and leverage on real-time, on-chain data to give you the most updated information possible. There’s 2 main tabs for NFT paradise: Market Overview and Mint Master.
The first dashboard you’ll come across is “24H NFT Market Overview,” which allows you to get a good overview of which collections are popular based on trading volume, market capitalization of the collection, the average price of the NFTs, number of wallets that interacted with the NFT contract and how old the NFT collection is. The second dashboard is the “Top 5 Collections” dashboard, which shows you the trading volume of the top 5 NFT collections over the last 24 hours.
At the bottom of the page we have the “Profit Leaderboard” dashboard, which showcases the performance of the top NFT traders on the network. We give you a breakdown of their performance on the dashboard and you can do deep dives on their trades and wallets via our NFT Wallet Profiler tool.
Mint master helps surface the signal for new NFT drops and is available for our standard tier subscribers. By relying on data at the contract level, we are able to have maximum coverage as early as possible, unlike any other platform out there. In crypto it literally pays to be early and this dashboard gives you the opportunity to be early to popular projects that people are excited about. We highlight the mint volume and FOMO level of the NFT to allow you to uncover the most hyped drops in the space.
Similar to the profit leaderboard in the “Market Overview” tab, Mint Master comes with its very own Minting Leaderboard. The dashboard showcases the wallets that have made the most profit from minting and how much they have spent on minting. This allows you to know which wallets are at the top of the game and you can keep track of their wallets on Nansen to see what new projects they’re minting.
NFT God Mode
DeGods NFT God Mode Overview Dashboard
NFT God Mode offers collection level data for all 53,000 collections we cover and the “Overview” tab is also available for our Nansen Lite subscribers. The “Breakdown”, “Hodlers”, “Trades” and “Related Collections” tab are available for our standard subscription users. Each tab focuses on showcasing various important data points such as changes in wallet balances, seniority distribution, hodler activity and popular collections among holders of the NFT. Below are some of the various dashboards that we have across the different tabs.
NFT wallet profiler is the dashboard to do deep dives on any wallet that interests you. The dashboard shows a summary of the current value of the NFTs in the wallet, what NFTs the wallet is holding, a breakdown of the profit and loss when it comes to NFTs and historical transactions.
In this example, we take a look at the wallet profiler for the wallet that’s ranked third on our profit leaderboard. With just ~560 SOL spent, the person was able to make over 2.34K SOL in profit, a good 419% ROI. We see that almost all of the gains came from a single collection, DeGods. Another interesting point is that the wallet has been relatively inactive when it comes to trading in recent times, with only 2 transactions in the last 56 hours. Although hugely profitable, the inactivity coupled with the majority of the profit being tied to a single collection suggests that it might not be a wallet you want to keep an eye on.
Ever wanted an overview of how the Solana NFT market is doing? The market trends dashboard has got you covered. This dashboard allows you to get a sense of how the market is performing and the level of user activity and interest. Year to date, Solana NFTs have had a total of 19.7M SOL in trading volume across 910K unique wallets. Minting volume is about 3.69M SOL YTD, accounting for 18.7% of the total volume transacted.
Note: AuctionHouseOthers are marketplaces that use the “common auction house” contract that we have yet to tag individually. Examples of such marketplaces are Fractal and CoralCube.
Users and transactions per week peaked during the week of 13 June 2022 with over 77K users minting ~520K NFTs and over 124K users making ~394K trades across the various marketplaces. We typically see activity peak during 17:00 – 19:00 hours UTC timing daily, suggesting that this is the time period with the highest liquidity in the market.
Solana NFT projects with +10, +100, +1000 sales per week have experienced massive growth over time, increasing from 1,293, 377 and 59 projects respectively at the start of the year to 2,460, 723 and 166 projects currently. More recently, we see that projects with more than 1k of weekly contract activity are picking up in demand quicker than the other categories. This potentially indicates that the NFT sales activity on Solana is concentrating on more established projects.
NFT Item Profiler
NFT item profiler gives you an overview of the transaction history for the NFT and the trades over time. This allows you to do individual NFT level analysis and deep dives. This dashboard is available to our standard tier subscribers!
The Solana NFT ecosystem is a growing one and definitely one that we will be keeping an eye on. It’s often difficult to separate hype from quality in the NFT space and on-chain analytics can help surface the signal from the noise. Sign up for a Nansen Lite account and start exploring today!
Today, Tulip Protocol made the announcement that they have integrated Chainlink Price Feeds in order to better secure their yield aggregating platform that is running on the Solana mainnet. The team had previously stated their intention to integrate Chainlink Price Feeds, and at this point, the connection has been completely put into action. Chainlink is the premier decentralized oracle network in the world, safeguarding tens of billions of dollars in smart contracts. It has diversified its offerings across other blockchains, notably Solana, Fantom, Polygon, BNB Chain, and others.
In a recent blog post, the team behind the Tulip Protocol explained that they had integrated Chainlink to provide users with more confidence that leveraged positions will be liquidated equitably using extremely accurate price data and that the protocol will continue to be completely collateralized at all times.
According to Tomasz Wojewoda, Head of Global Sales at Chainlink Labs:
“We’re pleased that Tulip Protocol has integrated Chainlink Price Feeds on Solana, helping secure its yield aggregation protocol with highly robust, decentralized market data. With the high-throughput performance of Solana and the strong security guarantees of the Chainlink Network, Tulip Protocol is able to empower users with a performant and secure platform.”
Tulip Protocol Seeks To Take Advantage Of Solana
Tulip Protocol brings together lenders who receive a return on their deposits and borrowers who are interested in gaining access to leverage. Users who initiate leverage positions are responsible for maintaining a loan-to-value (LTV) ratio that has been previously established. The Tulip Protocol then uses the asset price data that is provided by Chainlink Price Feeds to verify that this ratio is accurate. If the value of the collateral falls below the threshold that was established by the protocol, then their position will be immediately liquidated to assist in guaranteeing that the lenders will be repaid.
Tulip Protocol intends to capitalize on Solana by giving users the ability to more regularly reinvest their income and grow their assets without having to pay exorbitant amounts of gas expenses. Chainlink oracles can now be natively integrated on Solana, making it possible for Solana-based applications to benefit from enhanced levels of security and transparency. Yesterday, OpenOcean made the announcement that they would be integrating Chainlink Price Feeds in order to help secure the limited order functionality on many chains. These chains include Avalanche, Ethereum, Polygon, Fantom, and BNB Chain.
According to Senx, Co-Founder of Tulip Protocol:
“We’re excited to be using Chainlink Price Feeds on Solana to help secure our yield aggregation platform. By leveraging the most secure and reliable on-chain data available, we’re able to provide our lenders and borrowers with greater assurances that liquidations are based on accurate price data, and the protocol will maintain a healthy loan-to-value ratio through all market conditions.”
Allowing Stakers To Benefit From Higher APYs
Natives of the blockchain as well as newcomers to the technology are beginning to understand that decentralization does not necessarily equate to a secure platform. Given that Web3 services are currently disclosing their susceptibilities to attacks from both within and outside the network, further initiatives should be undertaken to improve the safety of user assets. Fortunately, a growing number of blockchain businesses are beginning to add various levels of security to their services in order to solidify the trust of their existing customers and attract additional investors in the near and distant future.
Tulip Protocol is the very first yield aggregation platform to be built on Solana, and it features auto-compounding vault techniques. The dApp was developed to make use of Solana’s blockchain, which has a low cost and high efficiency, hence enabling the vault techniques to compound frequently. Stakeholders are able to reap the benefits of greater APYs as a result, without the need for active management.
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the latest updates concerning the recent Solana (SOL) hack.
To kick things off, we broke down the latest news in the markets this week:
Bitcoin realized price bands form key resistance as bulls lose $24K, significant whale activity between $22,000 and $24,800 adds to the complexity of the current spot market setup. Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. When will we finally break out of this price range and make the move towards $30K?
Circle freezes blacklisted Tornado Cash smart contract addresses, Crypto data aggregator Dune Analytics said that, on Monday, Circle, the issuer of the USD Coin (USDC) stablecoin, froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons (SDN) list. Could this mark the end for Tornado Cash or is there a way they can redeem themselves?
Next up is a new segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: Have some funds ready to buy further downturns.
Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. The experts also go over some markets news to bring you up to date on the latest regarding the top two cryptocurrencies.
After Marcel’s market analysis, our resident experts discuss whether your SOL is safe and the latest updates on the Solana hack. We also discuss why the network has been victim to so many hacks and downtimes. What exactly do these exploits mean for the Solana platform and if you should be worried.
Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Radicle’s RAD and DigiByte’s DGB.
Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room, and write your questions there. The person with the most interesting comment or question will be given a 1 month free subscription to markets Pro worth $100!
The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those like and subscribe buttons for all our future videos and updates.
Singapore, Singapore , Aug. 09, 2022 (GLOBE NEWSWIRE) — Today, the ZepetoX team (ZTX, ZepetoX.io) announced its foray into the web3 space, sharing its vision to build an open world that empowers creators and communities to build, play and earn.
ZepetoX is the crypto metaverse initiative jointly incubated by ZEPETO – Asia’s largest metaverse platform with over 320 million registered users – alongside leading global blockchain organizations including Jump Crypto.
As the sole blockchain project comprehensively backed by ZEPETO, ZepetoX will have exclusive ties to ZEPETO in terms of IP including technological, design, and content assets as well as bridges to facilitate user onboarding between the two platforms. ZepetoX’s blockchain development efforts will be advised by Jump.
“ZepetoX is our official venture into the blockchain industry. We feel that web3 opportunities should be advanced through a crypto-native approach, which is why we are excited to have Jump as a contributor to developing a new platform that would have exclusive connections to ZEPETO. Overall, we believe that ZepetoX can build the ideal web3 platform to not only bring blockchain to our existing users but also to expand our footprint in the blockchain space through various disruptive initiatives,” said Daewook Kim, CEO of Naver Z – the operating entity of ZEPETO.
“We are excited to support ZepetoX’s efforts aimed at onboarding new audiences into the rapidly growing crypto space. ZEPETO’s expertise and technological know-hows accumulated over the past years from building an immersive social platform will serve as a springboard for ZepetoX,” said Saurabh Sharma, Partner at Jump Crypto.
Building on the Solana network, ZepetoX will offer a web-based 3D open world with varying levels of gamification integrated as well as opportunities for users to monetize via ownership of digital assets and social interaction. Ultimately, ZepetoX aims to empower self-expression through customizable avatars and lands that can be equipped with NFTs from a rich collection of assets created by diverse creators, DAOs, or communities.
“I am thrilled to see IP powerhouses like ZepetoX choosing to build their metaverse on Solana,” said Anatoly Yakovenko, Co-Founder of Solana. “Projects like ZepetoX create new pathways for onboarding millions of users to web3.”
“Our global team brings a depth of crypto native experiences and our goal is to build on the foundation of ZEPETO to spearhead the adoption of blockchain among metaverse users, developers, and creators,” said co-CEO of ZepetoX, Chris Chang.
In the coming months, ZepetoX will launch its first land sale. The lands will be tradable on the ZepetoX marketplace, which will feature a variety of different NFTs as the open world project evolves. Further details on the sale will be available on the ZepetoX website in the coming weeks.
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About ZepetoX: ZepetoX (ZTX) is a web3 company building an immersive content-driven platform for users to create, trade digital assets and enjoy social interaction. Founded in 2022, ZepetoX is the blockchain initiative of ZEPETO, widely regarded as the largest Asia-based metaverse platform boasting over 320 million lifetime users with over 2.5 billion virtual fashion items sold.