The Rise of Tensor
This analysis covers Tensorswap on Solana Chain, an NFT marketplace for traders similar to Blur. Season 1 rewards for their airdrop were released, and season 2 has begun with comparable reward mechanics to Blur.
The marketplace has become the second largest on Solana, behind Magic Eden.
Using Flipside's Tensor NFT sales data, I created a marketplace dashboard to compare Tensorswap's activity with other NFT marketplaces. The dashboard examines how user behavior has changed since the announcement of the airdrop mechanics and shows which addresses are most aggressively farming the airdrop.
It also identifies the most popular collections and compares Tensorswap's rise to Blur's rise on Ethereum.
Tensor is an NFT infrastructure service that operates on the Solana platform. Launched in February, the team aims to revolutionize how NFTs are traded.
Unlike typical NFT marketplaces that cater primarily to retail users, Tensor offers advanced trading tools. It is not your run-of-the-mill marketplace.
Tensor enables users to conduct multiple transactions simultaneously across eight of Solana's most popular marketplaces. If you're tired of imagining such a tool, look no further than Tensor - it's available now.
The company was founded by a former software engineer from Two Sigma and Google and a former analyst from Bank of America Merrill Lynch. With a talented team of professionals, Tensor is well-equipped to provide the best tool for the Web3 ecosystem.
With the assistance of Flipside, I leveraged NFT sales data from Solana tables and filtered the marketplace to Tensorswap. Furthermore, I merged my discoveries with DIM Meta token tables to extract collection names. I utilized the same table to compare marketplaces but excluded the marketplace filter.
Subsequently, I filtered the platform_name to "blur" in the Ethereum NFT sales table to extract sales activities specific to Blur on the Ethereum blockchain.
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