Crypto industry status report: A multitude of blockchains
A new comprehensive report is out, using data science and analytics to slice and dice the crypto industry. Add to that insights from the report’s authors, and you have the state of the crypto industry today.
Crypto can mean different things to different people. For Alex Svanevik and Nansen, it means mostly smart contracts, DeFi and DAOs, with some NFTs thrown in for good measure.
Nansen is a blockchain analytics platform that analyzes 100M+ labeled wallets and their activity on Ethereum, Polygon, Avalanche, and many other Level 1 and Level 2 blockchains. Today, Nansen released its first State of the Crypto Industry Report, covering notable trends and insights across the cryptocurrency, NFT, and DeFi markets over 2021.
We caught up with Nansen Co-Founder and CEO Alex Svanevik to discuss the report’s findings, highlighting statistics and movement within key sectors of the blockchain industry as well as an outlook for 2022.
Svanevik has a background in data science and analytics, and got into the blockchain scene in 2017. Nansen is an effort to apply data science and analytics and analytics in blockchain in order to gain insights. Nansen keeps tracks of transactions and wallets on a number of different blockchains, and combines that with other data.