Analytics Platform Nansen Expands to Fantom, Spotlighting Emerging DeFi Ecosystem

Posted on by American Coins & Gold

Analytics Platform Nansen Expands to Fantom, Spotlighting Emerging DeFi Ecosystem
Popular blockchain analytics platform Nansen has expanded coverage to the Fantom blockchain today, shedding light on a rapidly expanding decentralized finance (DeFi) ecosystem.The coverage comes at a time when Fantom is becoming a popular DeFi “sidechain” – a non-ETH layer 1 sporting faster settlement times, lower fees and often higher-upside, if riskier, yield farms and investments. The chain accounts for $5 billion in total value locked (TVL), per DeFi Llama.Nansen is a popular tool among traders and yield farmers, allowing users to analyze and often copy the trading activities of well-known wallets. Nansen currently has support for Ethereum and Polygon,…