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Home»Ethereum»Nansen Scroll teams up to enhance analytics, blockchain growth

Nansen Scroll teams up to enhance analytics, blockchain growth

Ethereum By Gavin30/10/2024
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Nansen recently announced its strategic partnership with Scroll. Scroll offers an advanced Layer 2-solution designed to improve the Ethereum Blockchain’s cost-efficiency and speed. 

The collaboration will bring Nansen’s on-chain analytics to Scroll, enabling the ecosystem to grow. decentralized finance A press release distributed to crypto.news stated that the technology would enable better decision making for both investors and developers. 

Scroll works as a no-knowledge rolling up technology. “rolls up” Transactions are posted to Ethereum by posting them on the secondary chain.ETHThis helps to reduce fees and congestion. The new version of Ethereum maintains Ethereum’s security, while providing faster transactions for Ethereum developers. 

Scroll provides a more cost-effective, scalable, and reliable alternative, without changing the Ethereum core code. This allows both users and developers seamless migration.

Nansen was arrested earlier this month announced an integration Solana,SOLThis brings advanced tracking and token tools into the ecosystem. This integration brought features such as Wallet PnL (Payment in Light), Token Screener and Smart Money, which enhanced data analysis and investor insight within Solana.

Improved tracking 

Nansen’s partnership with Scroll introduces several new tools that track the activity of Scroll. Nansen’s Scroll Macro Dashboard is a new tool that will roll out gradually. It includes options like Token God Mode or Wallet Profiler, which gives investors and developers access transaction trends and wallet interactions. 

On-chain analysis is particularly valuable for decentralized finance, as it can reveal investment opportunities and real-time risk, while also helping users to track the performance digital assets.

Alex Svanevik is the Chief Executive of Nansen. This partnership will combine Scroll’s technology and Nansen’s analytical capabilities in order to promote transparency and innovation within the blockchain industry.

Scroll’s ecosystem has experienced a notable increase in six-month growth. According to a release, active addresses increased from almost 100,000 in May, to over 500,000 in October. This equates to nearly 1.7 millions daily transactions.

“This article is not financial advice.”

“Always do your own research before making any type of investment.”

“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”

Source: crypto.news

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