IOTA Users to Benefit from Advanced On-Chain Analytics With Nansen Integration
Blockchain analytics provider Nansen has recently announced its integration with IOTA’s Ethereum Virtual Machine-compatible layer, IOTA EVM, offering powerful on-chain analytics tools to the IOTA ecosystem. This integration will provide users with access to advanced analytics features such as the Nansen Query and IOTA Growth Dashboard.
The partnership between Nansen and IOTA aims to introduce additional features in the future, including the Nansen Profiler and Token God Mode. The rollout will begin with the Query and Dashboard, making IOTA EVM one of the latest platforms to integrate with Nansen for enhanced blockchain analytics.
With real-time data tracking capabilities, users across the DLT network can leverage actionable insights for decision-making. The IOTA Growth Dashboard allows investors, developers, and ecosystem participants to access key on-chain metrics like active addresses and transaction volume.
“As we continue to expand our analytics capabilities across major blockchain ecosystems, integrating with IOTA is a natural next step,” said Nansen CEO Alex Svanevik.
In June 2024, IOTA launched its EVM-compatible smart contract layer-2 chain, driving the network’s adoption in decentralized finance and web3. Integrations with interoperability platforms like LayerZero, Stargate, and Pyth Network have further solidified IOTA’s position in the ecosystem.
According to DeFiLlama data, IOTA EVM witnessed a surge in total value locked in protocols such as lending and decentralized exchanges, reaching over $95 million in early December. While TVL has slightly decreased to around $46 million, integrations like the one with Nansen are expected to drive renewed growth.
Co-founder of IOTA, Dominik Schiener, emphasized that the collaboration with Nansen provides the community and developers with valuable insights. The integration of IOTA EVM and Nansen enables users to make data-driven decisions and leverage analytics tools to track growth and optimize strategies.