Blockchain data provider Nansen has appear the upcoming integration of the Arbitrum network to enable its global users, both retail and institutional-class, to identify emerging trends in the decentralized finance (DeFi) market.

Technical charts and quantitative data volition be accessible to view within a bespoke Arbitrum dashboard, akin to the more than than 100 million data points across Ethereum, Polygon and Binance Smart Chain, amidst others.

One of Nansen'southward tools is Smart Money, a part that tracks the wallet addresses of hedge funds, institutional investments and whales, collating their activity into a visual graphic that enables users to determine technical patterns.

Other features of the platform include nonfungible token (NFT) Paradise and Mint Chief, which provide insights into the burgeoning NFT trends earlier they hitting the mainstream.

Earlier this month, Nansen unveiled plans to integrate a Solana dashboard in a bid to expand users' accessibility to on-chain data and performance metrics within the DeFi and nonfungible token (NFT) markets.

Accompanying this annunciation, the Nansen team published a inquiry paper asserting that layer-two protocols, such as Arbitrum, have the potential to get market leaders in Ethereum scalability over the next 5 years, but too noted:

"Scaling is not enough. While increasing their transactional throughput, blockchains must preserve two fundamental properties of blockchain applied science: decentralization and security. This is known as the blockchain trilemma. Every bit of today, the only Ethereum scaling solution that satisfies all three elements is rollups similar Arbitrum."

Arbitrum One mainnet launched its rollup solution into the public domain on Sept. 1 and has since risen to prominence with over $ii.38 billion in full value locked (TVL), co-ordinate to analytical data from DeFi Llama.

Contributors to this ten-figure sum include an array of 41 protocols, most notably multi-chain protocol Curve Finance in addition to SushiSwap and Abracadabra, which take recorded $525.54 meg (22.eleven%), $449.84 million and $401.67 million in total value TVL, respectively.

Related: Binance opens layer-ii ETH deposits with Arbitrum 1 integration.

Alongside compelling insights into Arbitrum's depression transaction costs and gas fees in comparison to Ethereum — the latter of which is substantially lower by approximately 80–90% — Nansen'due south enquiry paper as well commented on the possibility of an Arbitrum native token launch, a topic of discussion that has gained significant traction over the past few months amid positive adoption.

The founder of Fractional Art, Andy Chorlian, recently shared his perspective on this debate, suggesting that an Arbitrum token would probable propel the protocol in a higher place soaring layer-one blockchain Barrage, which currently sits at eleventh in the total market capitalization rankings.