The Tensor Basis has introduced plans to concern a governance token below the ticker image TNSR. House owners of the crypto asset can have the proper to find out the additional growth of the Tensor NFT market, its representatives stated. In a publish on X (previously Twitter), the Tensor Basis stated extra particulars concerning the token concern could be coming “quickly.” It’s not specified whether or not there will probably be an airdrop.
{The marketplace} is constructed on the Solana blockchain, and its important competitor is the Magic Eden platform. The Tensor staff claims to have offered $2 billion price of non-fungible tokens by means of {the marketplace} since coming into the market. Over the previous 90 days, the platform accounted for greater than 70% of the overall NFT buying and selling quantity on the Solana community, the builders notice. The challenge administration talks about speedy progress and the necessity for additional growth of {the marketplace}.
In line with CryptoSlam, NFT buying and selling volumes on Solana have jumped since final December, exceeding $200 million month-to-month. The cumulative determine for the complete historical past exceeded $5 billion again in February. Nevertheless, when it comes to NFT market share, Solana is inferior not solely to the clear chief Ethereum, but additionally to the Bitcoin blockchain.
Picture: SolanaFloor
