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 The Block, citing Nansen analysts, the underperformance of memecoins could be attributed to the current strength of core cryptocurrencies like Bitcoin and Ethereum.
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Nik Polk, senior research analyst at Nansen, joins "First Mover" to discuss the rising interest in ether (ETH) staking. Plus, insights on the operations of restaking protocols like Eigenlayer and Pendle. And, his outlook on potential spot ether ETFs in the U.S.
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It was later determined that the phishing attack was caused by a security breach at the email marketing firm MailerLite. On Jan. 24, the firm confirmed that hackers gained control of Web3 accounts through a social engineering attack. Analytics platform Nansen’s research team estimated that the scammer’s phishing wallet received inflows of about $3.3 million since the campaign started.
Read More -->Nansen, the blockchain data firm, noted in an email that PANDORA "recorded a staggering $190 million in trading volume just a week after it was launched."
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According to data as of February 13, the total trading volume of Pandora reached an impressive 73,024 ETH, equivalent to approximately $190 million, Nansen said in an analysis shared with Cryptonews.com.
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Charted: ETH staked hit 25% last week
Read More -->Celsius said it will unstake its existing Ether holdings to “offset certain costs incurred throughout the restructuring process” and “unlock ETH to ensure timely distributions to creditors.” It no longer has any ETH pending staking withdrawal, according to Nansen.
Read More -->“But $2.6 million of that number is Xbanking tokens, which seem to be trading on Latoken exchange only (via CoinGecko). And seem less liquid. 2.6 million is 80% of its full diluted valuation, and it could be hard to convert it,” Nansen’s team told Cointelegraph.
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"If you're are sitting on very large unrealized profits as a whale, it really makes sense that you start monetizing some of your portfolio," said Aurelie Barthere, analyst at blockchain data firm Nansen.
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Furthermore, in December, the blockchain platform Solana demonstrated remarkable performance by surpassing all other chains in monthly active addresses, registering an impressive 98% surge, as reported by Nansen on January 1.
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