IOTA integrates Nansen to bring advanced on-chain analytics to users

IOTA users should benefit from a powerful chain analysis after the latest integration of the distributed LEDGER technology platform.

On February 19, the Nansen blockchain analysis supplier announced that he had joined Iota (IOTA) of the Virtual Ethereum Virtual Machine compatible layer, iota evm. This major development will allow users of Iota ecosystems to draw from advanced analyzes on the chain, including the Nansen Query and the Iota growth dashboard.

According to a press release shared with Crypto.News, Nansen and Iota plan to extend their partnership to introduce additional features, notably Nansen Profiler and the God token mode.

However, progressive deployment will start with the request and the dashboard. Iota EVM joins other platforms, including Stellar, Ton and Scroll, in the integration of Nansen to improve the analysis of the blockchain.

Integration provides users from the DLT network ecosystem with access to real -time data monitoring, allowing them to take advantage of the useful information for decision -making. Investors, developers and wider ecosystems users can use the IOTA growth dashboard to access the measures on the chain such as active addresses and the transaction volume.

“While we continue to expand our analytical skills through the big ecosystems of blockchain, integration into Iota is a next natural step,” said Nansen Director of Nansen, Alex Svanevik.

IOTA spear Its Smart Contract Compatible EVM Contract Compatible with layer 2 in June 2024. This step accelerated the traction of the network in decentralized finance and web3, reinforced by integrations with the main platforms of interoperability Layerzero, Stargate and Pyth Network.

According to Defect dataIota EVM saw the total value locked in protocols such as loans, decentralized decentralized decentrals reached more than $ 95 million in early December. While TVL has since dropped around $ 46 million, integrations like that with Nansen could help stimulate new growth.

Dominik Schiener, co-founder of Iota, said that collaboration provides the community and manufacturers with a platform to access valuable information. The integration of Iota EVM and Nansen will allow users not only to make “data -based decisions”, but also to take advantage of the analysis tools to follow growth and refine strategies, added Schiener.