Nansen integrates with Stellar for better blockchain analytics

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As an analyst, I’m excited to announce that our blockchain platform, Nansen, has joined forces with the Stellar Development Foundation. This collaboration empowers us to deliver cutting-edge on-chain analysis tailored specifically for the Stellar ecosystem, further enhancing our capabilities and expanding our reach.

The partnership is designed to offer practical knowledge to programmers, financiers, and entrepreneurs, enabling them to make well-informed choices regarding the Stellar blockchain ecosystem.

As an analyst, I’m excited to share that I’ve integrated Stellar (XLM) into our platform. This decentralized network is engineered for swift and cost-effective cross-border transactions. Now, our Growth Dashboard will highlight data exclusive to Stellar, providing insights like active account growth, transaction volume, and the key players fueling network activity.

Platforms like Nansen gather and scrutinize data from decentralized networks to spot patterns, tendencies, and potential openings. For Stellar specifically, Nansen’s platform brings user actions, trends within the ecosystem, and the impactful roles of major players into sharper focus, providing users with a more comprehensive understanding of the network’s expansion and popularity.

We’re excited to share that we’ve joined forces with StellarOrg, a blockchain pioneer making waves in cross-border transactions by offering speed, efficiency, and minimal fees. This collaboration means that Stellar’s data is now accessible within our platform, empowering developers, investors, and the Stellar community to take informed action with valuable insights.

— Nansen 🧭 (@nansen_ai) January 15, 2025

This month, Nansen has joined forces with the TON Blockchain to develop advanced analytical tools. The aim is to improve transparency and offer valuable insights to developers, investors, and the wider cryptocurrency community that can be acted upon.

Stellar’s recent growth 

Stellar has experienced significant expansion in the past few months. The number of active wallets surged from 60,000 in August 2024 to more than 100,000 by January 2025, reaching a high of 172,134 in November.

This network handles approximately 1.5 million to 2.4 million transactions every day, showcasing its ability to scale efficiently. Key participants driving transaction volume are platforms like Binance, Coinbase, as well as homegrown entities such as TMM and Syklo. This diversity indicates a blend of institutional involvement and grassroots participation.

Stellar’s (XLM) price movements frequently resemble those of Ripple (XRP), as both were launched from the same roots and play similar roles within the crypto market. Notably, Jed McCaleb, who founded Stellar, is also one of the original founders of Ripple.

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2025-01-15 17:58