Cryptocurrency Industry News

TRON DAO Partners With Nansen to Enhance Access to On-Chain Data

Published by
Written By: Michael Abadha
Share
    Summary:
  • The partnership seeks to help users have a deeper understanding of data within the TRON ecosystem, and help them to make informed decisions.

TRON DAO has partnered with Nansen, a premier blockchain data and research service trusted by some of the leading cryptocurrency organisations and supporters in the world. Following the partnership, TRON’s extensive ecosystem is now more accessible to users thanks to Nansen’s administration and inquiry solutions, which have been integrated with TRON. In addition, users now have access to real-time, on-chain data via Nansen Pro’s macro dashboard, which gives a full picture of the goings-on in the TRON ecosystem.

Nansen is a good fit for TRON’s needs

TRON is rapidly evolving into a leading global commercial platform, with over 8 million transactions taking place every day and over 1.5 million unique daily addresses. As of May 2023, there are more than 161.5 million TRON Network blockchain accounts in total. In addition, TRON is also the most popular blockchain network, and it boasts of having highest volume of USD Tether (USDT) stablecoins in circulation.

As for Nansen, it processed more than 80% of all on-chain volume every day. These include the processing of 500 terabytes (TB) and labelling of 250 million addresses over more than 16 blockchains. Nansen Products were created to increase productivity by tenfold while increasing user insight by a factor of ten. Nansen’s powerful set of tools will now provide for in-depth, data-defined insights into TRON user behaviour.

Nansen’s Query is a robust, no-code crypto analytics application that grants users access to professional analytics and an exclusive community where they can meet and collaborate with other industry heavyweights. Query provides a unified interface for the tracking of 45 different blockchains and the programmatic analysis of blockchain data with SQL and APIs for more than 15 chains.

TRON and Nansen have joined forces to take the blockchain data and analytics industry to new heights, paving the way for a more confident, well-informed, and data-driven crypto community.

This post was last modified on May 23, 2023, 17:33 BST 17:33

Written By: Michael Abadha

Michael is a self-taught financial markets analyst, who specializes in analysis of equities, forex and crypto markets. He draws his inspiration from the fact that markets provide an interface through which the world interacts in search of a better tomorrow.

Published by
Written By: Michael Abadha