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Home»Blockchain»Nansen and Scroll collaborate for blockchain growth and improved analytics
Blockchain

Nansen and Scroll collaborate for blockchain growth and improved analytics

2024-10-31No Comments2 Mins Read
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Nansen announced a strategic partnership with Scroll, an advanced Layer 2 solution designed to improve the speed and cost-efficiency of the Ethereum blockchain.

This collaboration aims to bring Nansen’s analytics and on-chain insights to the Scroll ecosystem, supporting the growth of decentralized finance by enabling better decision-making for both investors and developers, according to a press release shared with crypto.news .

Scroll works like a zero-knowledge rollup, a technology that ‘rolls up’ transactions on a secondary chain and then sends them to Ethereum (ETH), helping to reduce congestion and fees. It also maintains the security of Ethereum while delivering faster transactions and a smoother experience for developers already working with Ethereum.

Essentially, Scroll offers a more scalable and cost-effective alternative without changing the core Ethereum code, allowing users and developers to make the transition seamlessly.

Earlier this month, Nansen announced an integration with Solana (SOL), bringing advanced token and wallet tracking tools to the ecosystem. This integration introduced features such as Wallet PnL, Token Screener and Smart Money to enhance data analysis and investor insights within Solana.

You might also like: Bitcoin’s bullish sentiment is ‘loud and clear,’ says analyst

Better follow

The partnership with Nansen introduces several activity tracking tools within the Scroll ecosystem. Nansen’s new Scroll Macro Dashboard, which will be rolled out in phases, will include options such as Token God Mode and Wallet Profiler, giving investors and developers access to transaction trends, wallet interactions and contract activity.

This data is especially valuable in the decentralized finance space, where on-chain analytics can highlight investment opportunities, reveal real-time risks, and help users monitor the performance of digital assets.

See also  Stanford's AI Research Lab to use Theta Edgecloud for LLM model studies

According to Nansen CEO Alex Svanevik, this partnership combines Scroll’s advanced technology with Nansen’s analytical capabilities to support transparency and innovation in the blockchain space.

This move follows six months of remarkable growth within the Scroll ecosystem. The number of active addresses grew from almost 100,000 in May to almost 500,000 in October, resulting in more than 1.7 million daily transactions, according to the press release.

You might also like: Rising Cybro presales attract Polygon and Chainlink investors with promise of rapid returns in 2025

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