IOTA Users to Benefit from Advanced On-Chain Analytics with Nansen Integration

IOTA has taken a significant step forward in enhancing its ecosystem with the integration of Nansen, a leading blockchain analytics provider. This partnership will provide users with access to powerful on-chain analytics tools, including Nansen Query and the IOTA Growth Dashboard.

Enhanced Analytics Capabilities

The integration, announced on Feb. 19, will enable IOTA ecosystem users to tap into advanced on-chain analytics, including real-time data tracking and actionable insights for decision-making. The IOTA Growth Dashboard will provide users with access to key on-chain metrics such as active addresses and transaction volume.

According to Nansen CEO Alex Svanevik, “As we continue to expand our analytics capabilities across major blockchain ecosystems, integrating with IOTA is a natural next step.” The partnership will introduce additional features in the future, including Nansen Profiler and Token God Mode.

IOTA EVM and Its Growing Ecosystem

IOTA launched its Ethereum Virtual Machine (EVM)-compatible smart contract layer-2 chain, IOTA EVM, in June 2024. This milestone has accelerated the network’s traction in decentralized finance (DeFi) and web3, with integrations with leading interoperability platforms such as LayerZero, Stargate, and Pyth Network.

The total value locked (TVL) in IOTA EVM protocols, including lending, derivatives, and decentralized exchanges, reached over $95 million in early December, according to data. Although TVL has since declined to around $46 million, the integration with Nansen could help spur fresh growth.

Benefits for the IOTA Community

Dominik Schiener, co-founder of IOTA, stated that the collaboration provides the community and builders with a platform to access valuable insights. The integration of IOTA EVM and Nansen will enable users to make “data-driven decisions” and leverage analytics tools to track growth and refine strategies.

“This integration will provide our community and builders with a platform to access valuable insights, making data-driven decisions, and leveraging analytics tools to track growth and refine strategies.”

Key benefits of the integration include:

  • Access to advanced on-chain analytics tools
  • Real-time data tracking and actionable insights
  • Enhanced decision-making capabilities for investors, developers, and ecosystem users

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