Nansen CEO Alex Svanevik discusses the multichain future and other trends shaping up the crypto industry in an exclusive chat.
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According to Nansen data, this trend facing Ether ETFs is substantially different from the debut of the Bitcoin ETFs, revealing a distinct regulatory difference. Nansen told Cointelegraph that on July 30, Bitwise surpassed BlackRock in trading volume as Bitwise waived its 0.2% fee to “boost inflows” for the first six months of its ETF launch. At the time of publication on July 31, BlackRock has taken back its position in trading volume while accounting for 5.59% of assets under management (AUM), per Nansen data.
Read More -->People may wonder how best to approach the process of choosing the right cryptocurrency for listing on a CEX. To help exchanges efficiently handle coin listings, the onchain analytics firm Nansen has collaborated with Bitget crypto exchange to issue a new report called “Discovering Token Potential for Trading and Exchange Listing.” In the report, Bitget and Nansen Research teams employed different approaches to evaluate token potential depending on the token cycle. For early-stage tokens, the firms focused on offchain metrics and traction, while for established tokens, the analysts used onchain metrics.
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Blockchain analytics firm Nansen voiced a similar opinion on X, calling the stablecoin expansion a bullish development.
Read More -->The approval of the Ether ETFs marks a significant milestone for the industry, wrote Nansen CEO Alex Svanevik in an announcement shared with Cointelegraph: “We’re thrilled to launch our ETH ETF dashboard, showcasing how Nansen empowers investors with real-time insights. As the first of its kind, it provides crucial information on ETF flows, supporting informed decisions.”
Read More -->Nansen’s new Aptos Growth Dashboard will provide key insights into the health of the network, including active addresses, transaction volumes, daily contract deployments and the five largest entities within the ecosystem. Alex Svanevik, CEO of Nansen, called Aptos the “fastest parallel blockchain” in an announcement shared with Cointelegraph. He wrote: “We’re excited to partner with Aptos, the fastest parallel blockchain, to deliver comprehensive onchain data and analytics to their thriving ecosystem. This collaboration will empower investors, developers, and crypto teams with the tools they need to delve deeper into the Aptos ecosystem.”
Read More -->Edward Wilson, an analyst at Nansen, told Cointelegraph that memecoins could be a fun way to embrace crypto, but highlighted that not all memecoins are created equal: “Your ‘blue-chip’ memes, like DOGE and PEPE, serve as a way to tokenize culture, and that’s where the ‘value’ lies. But what we’re seeing in recent weeks with past their sell-by date celebrities are low-tier efforts to extract what little they can from their community to make a quick buck. This is something that has received significant pushback in the crypto community, and rightly so.”
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Former President Donald “Trump’s acceptance and embrace of crypto is in stark contrast with the overwhelmingly regressive approach to crypto taken by the Biden administration and the wider Democratic Party, which has constantly attacked the industry, in most cases unfairly,” Edward Wilson, an analyst at the blockchain company Nansen, told The Post.
Read More -->The developments around Nvidia and the AI sector have contributed to the FET and AGIX tokens’ rally, according to Edward Wilson, an analyst at Nansen.ai. He told Cointelegraph: “AI as a sector is hot in both traditional markets and crypto. It should come as no surprise that on the back of Nvidia becoming the world’s most valuable company, AI tokens like NEAR, RNDR and others are rallying.” Nansen’s Wilson also noted that investor interest in AI remains high: “Both of these tokens are up around 300% in the past year, compared to ETH at just over 100% during the same period, showing high market interest in this sector.”
Read More -->"AI as a sector is hot in both traditional markets and crypto,” Edward Wilson, analyst at Nansen.ai told CoinDesk in a Telegram message Thursday. “It should come as no surprise that on the back of Nvidia becoming the world's most valuable company AI tokens are rallying.” “Tokens such as NEAR and RNDR are up around 300% in the past year, compared to ETH at just over 100% during the same time period, showing high market interest in this sector,” he added.
Read More -->"AI as a sector is hot in both traditional markets and crypto,” Edward Wilson, an analyst at Nansen.ai told CoinDesk. “It should come as no surprise that on the back of Nvidia becoming the world's most valuable company AI tokens are rallying.”
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