Nansen expands analytics to Tron with new dashboard

Nansen has announced the full integration of the Tron (CRYPTO:TRX) network into its Nansen 2 analytics platform.

This collaboration with the Tron decentralised autonomous organisation (DAO) will enable the launch of a Tron Macro Dashboard, providing developers and investors with real-time insights into the on-chain activity within the Tron ecosystem.

The integration comes at a time when Tron is witnessing rapid user growth and expanding its role in USDt adoption.

Tron currently holds the largest circulating supply of USDT (CRYPTO:USDT), with 22.7 million holders among its over 270 million user accounts, in contrast to Ethereum’s (CRYPTO:ETH) 4.2 million USDT holders.

Tron achieved full decentralisation in December 2021 and is noted for its scalability and low transaction fees.

In November, Tether minted $1 billion in USDT on Tron at no cost, following a recent $1 billion transfer from Tron to Ethereum.

Tron’s ecosystem has also benefited from its integration with blockchain oracle Chainlink (CRYPTO:LINK).

"With advanced analytics and on-chain data insights, developers will have access to more tools and resources to build and optimise their DApps, while enabling greater transparency within the community," stated Justin Sun, founder of TRON, regarding the partnership with Nansen.

"The integration with TRON was a strategic move driven by its significant traction and technical advantages. For Nansen, this integration was a great opportunity to work with one of the most active and rapidly growing ecosystems," remarked Alex Svanevik, CEO of Nansen.

Nansen 2, the latest version of the analytics platform, brings updated features designed to enhance user experience and deepen on-chain analytics capabilities.

This expansion follows Nansen’s acquisition of StakeWithUs in September, enabling users to stake tokens with validators across over 20 blockchains.

In October, Nansen also introduced Solana (CRYPTO:SOL) analytics, overcoming the blockchain’s technical challenges and data volume.

At the time of reporting, the TRON (TRX) price was $0.1977.