Currently, #TNSR, the native token of the Tensor ecosystem, is showing a breakout in its chart and has a relatively low market cap. This presents a promising opportunity for traders to invest in a project with a solid foundation and significant growth potential.
**Community Governance**: Facilitates community-led governance through the Tensor DAO.
**Critical NFT Infrastructure**: Provides essential trading protocols for NFTs on Solana.
**High Throughput**: Solana's speed and low fees support mass adoption.
**Significant Trading Volume**: Over $2 billion in Solana NFT trades and 70% of Solana's NFT trading volume in the past 90 days.
**Investment Opportunity**: Breakout in TNSR chart and low market cap make it an attractive buy for traders
The Tensor Foundation plays a crucial role in the governance and growth of the Tensor ecosystem, focusing on community-led decision-making through the Tensor DAO. This decentralized approach ensures that the development and direction of Tensor protocols are guided by the community.
Tensor protocols serve as vital trading infrastructure for NFTs on the Solana blockchain. Solana is known for its high throughput, speed, and low transaction fees, making it an ideal platform for the large-scale adoption of NFTs. These attributes help Tensor protocols handle significant trading volumes efficiently and cost-effectively.
To date, Tensor protocols have facilitated over $2 billion worth of Solana NFT trades. In the last 90 days alone, they accounted for more than 70% of Solana's NFT trading volume, excluding wash trading. This impressive performance highlights Tensor's importance in the Solana ecosystem and its capability to support a high volume of transactions.
The Tensor Foundation, with its emphasis on community governance and robust NFT trading infrastructure, is a pivotal player in the Solana blockchain space. Its proven track record in handling large trading volumes and leveraging Solana’s technological advantages makes it a promising project for both developers and investors interested in the NFT market.
