Renowned blockchain Analytics firm, Nansen has announced its partnership with community-focused blockchain project, TRON DAO. Nansen confirmed the development in a blog post released today, stating that the collaboration would equip developers, founders, and users with the essential data needed for growth.
According to the post, the collaboration sees to the integration of TRON into Nansen 2, boosting the TRON ecosystem with advanced on-chain analytics. As such, it enables developers building on the network to make more informed decisions about their decentralized applications(dApps) using Nansen’s data.
Furthermore, TRON allows developers to track user interaction with applications. This, in turn, fosters improved dApps design, increased user engagement and overall growth in the ecosystem. Powered by smart contracts and a delegated proof-of-stake(DPoS) system, the network ensures that users enjoy fast transactions, effective scalability and minimal fees.
Furthermore, the TRON Virtual Machine also facilitates this process by efficiently executing smart contracts and allowing users to lower or completely eliminate transaction costs. In addition, network capabilities extend across diverse industries including the payments industry, gaming, art, and the emerging world of Decentralized finance (DeFi).
While reacting to the partnership, the CEO of Nansen, Alex Svanevik, stated that collaborating with TRON DAO allows Nansen to offer cutting-edge analytics of the TRON network. He added that this development enables users and crypto teams within the ecosystem to explore new opportunities. Svanevik further emphasized that the joint venture will unleash TRON’s full potential and drive forward innovation in the future of finance.
Similarly, the founder of TRON DAO, Justin Sun stated that the integration of Nansen will improve developers and communities’ interaction with the ecosystem. Sun added that by using advanced analytics and on-chain data insights, developers are exposed to more tools and resources needed to build their own dApps.
TRON Macro Dashboard unveiled by Nansen
As part of the partnership, Nansen also unveiled TRON Macro Dashboard. As revealed, the dashboard provides users and developers with a real-time view of the TRON ecosystem’s performance. It features tools like Token God Mode (TGM), Wallet Profiler, Hot Contracts, Wallet Profiler for Tokens (WP4T), Wallet Pair Profiler, Token Overlap, Token Screener and Smart Alerts.
Read More: