Nansen Adds Support for zkSync Era Network with Upcoming Protocols

04/27/2023 02:42 • Digital Disruptors • 88 views

According to reports, the blockchain data analysis platform Nansen has added support for the zkSync Era network and will add protocols such as SyncSwap, Mute, and SpaceFi on zkSync Era.

Nansen added support for zkSync Era network

In the world of blockchain, data analysis plays a key role in identifying trends, patterns, and insights that can help inform investment decision-making. Nansen is one such data analysis platform that has recently added support for the zkSync Era network, and plans to add several new protocols in the near future. In this article, we’ll explore how this development is set to change the blockchain landscape, and what it means for investors and stakeholders.

What is Nansen?

Nansen is a platform that provides real-time data analysis of Ethereum-based blockchain transactions. It uses machine learning algorithms to identify and track the behavior of top Ethereum addresses, allowing users to gain both transaction-level and macro-level insights into the network’s activity. The platform also allows users to track NFTs, examine smart contract code, and monitor wallet activity over time.

The Rise of zkSync and zkSync Era

zkSync is a Layer 2 scalability solution for Ethereum that allows off-chain transactions to be processed more quickly and at a lower cost than on-chain transactions. It uses zero-knowledge proofs to allow users to verify the validity of the transactions without having to reveal the transaction details. zkSync is designed to be compatible with Ethereum, which means that existing Ethereum applications can be easily integrated with zkSync.
zkSync Era is the latest version of zkSync, which includes several new features such as fast withdrawals and the ability to transfer assets between different L2 networks. The team at zkSync is working towards becoming a universal scaling solution for Ethereum, with the goal of making it faster, cheaper, and more accessible for everyone.

Nansen and zkSync Era

With the addition of support for the zkSync Era network, Nansen will be able to provide more comprehensive data analysis for zkSync-based transactions. This will allow users to gain more insights into the behavior of top Ethereum addresses on the network and track the activity of NFTs and smart contracts. Nansen also plans to add several new protocols to zkSync Era in the near future, including SyncSwap, Mute, and SpaceFi.
SyncSwap is a decentralized exchange protocol that allows users to trade tokens across different Layer 2 networks, including zkSync. Mute is a privacy protocol that allows users to send and receive transactions anonymously. SpaceFi is a DeFi protocol that provides liquidity mining and yield farming opportunities for users.

What Does this Mean for Investors and Stakeholders?

For investors and stakeholders, the addition of support for the zkSync Era network and upcoming protocols means new investment opportunities, as well as access to more comprehensive data analysis. With the growth of zkSync and other Layer 2 solutions, it’s likely that the Ethereum network will become more accessible and affordable for everyone, which could result in a wider adoption of blockchain technology in general.

Conclusion

The addition of support for the zkSync Era network and upcoming protocols by Nansen is a significant development in the world of blockchain data analysis. As more investors and stakeholders seek to gain insights into the growing network of Ethereum-based transactions, the use of platforms like Nansen will become more important. With the growth of Layer 2 solutions like zkSync, the future of blockchain looks bright, and the potential for new investment opportunities and technological advancements is immense.

FAQs

1. What is the purpose of new protocols added by Nansen on zkSync Era?
– The new protocols added by Nansen, SyncSwap, Mute, and SpaceFi, offer new investment opportunities and allow users to trade tokens across different Layer 2 networks, send and receive transactions anonymously, and provide liquidity mining and yield farming opportunities for users.
2. How does Nansen provide data analysis of Ethereum transactions?
– Nansen uses machine learning algorithms to identify and track the behavior of top Ethereum addresses, allowing users to gain both transaction-level and macro-level insights into the network’s activity. The platform also allows users to track NFTs, examine smart contract code, and monitor wallet activity over time.
3. What is zkSync?
– zkSync is a Layer 2 scalability solution for Ethereum that allows off-chain transactions to be processed more quickly and at a lower cost than on-chain transactions. It uses zero-knowledge proofs to allow users to verify the validity of the transactions without having to reveal the transaction details.

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