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Today Aptos announced a partnership with Nansen.
Nansen is one of the major providers of on-chain analysis and insights, and indeed the collaboration will serve to bring analysis and data within the Aptos ecosystem.
The objective is to provide Aptos users with the necessary analyses to promote their growth.
Summary
Nansen
Nansen is a famous on-chain analysis platform.
Monitor with millions of wallets, so much so that many investors use its analyses to discover opportunities, perform due diligence, and defend their portfolios.
It also provides real-time alerts.
Among those who use its services, there are already other crypto projects, such as Arbitrum, Polygon, and Avalanche, as well as crypto companies like Coinbase, Consensys, and Chainlink.
Aptos
Aptos is a blockchain layer-1 with innovative technology that uses the Move programming language.
His project aims to democratize the advantages of decentralization.
Its ecosystem has shown significant growth in the last six months. In fact, from January to July 2024, the number of active addresses has doubled, going from 77,382 to 186,685.
Furthermore, it also recorded an increase in transaction volume in May 2024, with the record figure of 117 million transactions processed in a single day. The previous record on a layer-1 was held by Sui Network with 65 million transactions in a single day.
The Aptos network boasts a dedicated developer base, and in the last 30 days Echelon Market and Topaz have seen an increase in new users. On the other hand, Amnis Finance, despite a slight drop in users, has recorded an increase in transactions.
The Aptos ecosystem shows a certain diversity within it, with a mix of community-led projects, infrastructure providers, and DeFi protocols.
The collaboration
Thanks to the new Aptos Growth Dashboard by Nansen, users will be able to access key metrics such as active addresses, transaction volume, daily deployments, and the top five entities within the network.
The objective is to enable investors and teams to identify user activity areas, potentially leading to more effective co-marketing opportunities and better competition analysis.
Furthermore, by monitoring the main entities and dApps on the dashboard, users can identify emerging trends within the Aptos ecosystem, in order to develop informed investment and development strategies.
The integration of the Nansen dashboard will, however, take place in several phases.
The first is the launch of the complete Nansen dashboard on the health of the ecosystem.
Subsequently, the individual dashboard will also be released along with the report on the ecosystem, created to provide users with key information on current trends and activities within the ecosystem.
In the coming weeks, Aptos will be further integrated into the Nansen product suite as Nansen Query.
The cryptocurrency
The Aptos network also has its own criptovaluta native, APT.
Handful at the end of 2022, in the midst of a bear-market, since then it has recorded two substantial rises, followed however by two equally substantial crashes.
The first rise occurred at the beginning of 2023, when the price went from less than 4$ to more than 18$ in just one month.
But after that sensational +350% in thirty days, a collapse was triggered that eventually brought the price back below $5 by the end of the year.
During the course of 2024, however, a new boom occurred, so much so that by March the price of APT had returned to $18 after five consecutive months of rise.
However, afterwards there was another collapse, so much so that about ten days ago it had returned to 5.5$.
Now it has risen to $7.3, but practically since its landing on the exchanges a little less than two years ago, it has done nothing but move sideways with high volatility within a range between $4 and $18.
The comment
The CEO of Nansen, Alex Svanevik, stated:
“We are excited to collaborate with Aptos, the fastest parallel blockchain, to provide comprehensive on-chain data and analysis to their thriving ecosystem. This collaboration will provide investors, developers, and crypto teams with the tools they need to delve deeper into the Aptos ecosystem. We are confident that this partnership will be a catalyst for innovation in the blockchain space.”