Today Aptos announced a partnership with Nansen.
Nansen is one of the leading providers of on-chain analytics and insights, and the partnership will indeed serve to bring analytics and data into the Aptos ecosystem.
The goal is to provide Aptos users with the necessary analytics to fuel their growth.
Nansen
Nansen is a famous on-chain analytics platform.
Monitor millions of wallets, so much so that many investors use its analytics to spot opportunities, perform due diligence, and defend their portfolios.
It also provides real-time alerts.
Among those using its services are already other crypto projects, such as Arbitrum, Polygon and Avalanche, as well as crypto companies such as Coinbase, Consensys and Chainlink.
Aptus
Aptos is a layer 1 blockchain with innovative technology that uses the Move programming language.
His project aims to democratize the benefits of decentralization.
The ecosystem has shown significant growth over the past six months. From January to July 2024, the number of active addresses even doubled, from 77,382 to 186,685.
Furthermore, it also recorded an increase in transaction volume in May 2024, with the record 117 million transactions processed in a single day. The previous record on layer 1 was held by Sui Network with 65 million transactions in one day.
The Aptos Network has a dedicated developer base and over the past 30 days, Echelon Market and Topaz have seen an increase in new users. On the other hand, despite a slight decline in the number of users, Amnis Finance has recorded an increase in the number of transactions.
Aptos’ ecosystem shows some diversity, with a mix of community-led projects, infrastructure providers, and DeFi protocols.
The collaboration
Thanks to Nansen’s new Aptos Growth Dashboard, users can access key metrics such as active addresses, transaction volume, daily deployments and the top five entities within the network.
The goal is to enable investors and teams to identify areas of user activity, potentially leading to more effective co-marketing opportunities and better competitive analysis.
Furthermore, by monitoring key entities and dApps on the dashboard, users can identify emerging trends within the Aptos ecosystem to develop informed investment and development strategies.
However, the integration of the Nansen dashboard will take place in several phases.
The first is the launch of the full Nansen ecosystem health dashboard.
Subsequently, the individual dashboard will also be released together with the ecosystem report, created to provide users with important information about 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 cryptocurrency native, APT.
There was a handful at the end of 2022, in the middle of a bear market, and since then two substantial surges have been recorded, followed by two equally substantial crashes.
The first increase occurred in early 2023, when the price went from less than $4 to over $18 in just one month.
But after that sensational +350% in thirty days, a collapse occurred that eventually brought the price back below $5 by the end of the year.
However, over the course of 2024, a new boom occurred, so much so that by March the price of APT had returned to $18 after five consecutive months of increase.
However, after that there was another collapse, so much so that the price had returned to $5.5 about ten days ago.
Now the price has risen to $7.3, but since landing on the stock exchanges just under two years ago, the price has done nothing but move sideways with high volatility within a range between $4 and $18.
The reaction
Nansen CEO Alex Svanevik stated:
“We are excited to partner with Aptos, the fastest parallel blockchain, to deliver comprehensive on-chain data and analytics to their thriving ecosystem. This partnership will provide investors, developers, and crypto teams with the tools they need to dive deeper into the Aptos ecosystem. We are confident that this partnership will be a catalyst for innovation in the blockchain space.”