TNSR Project Research:
Tensor Protocol is a smart contract autonomous protocol based on the Solana blockchain, designed to connect users, collectors, buyers and sellers in the NFT market.
The Tensor Foundation, a new entity that supports the famous Solana NFT market Tensor, has launched the TNSR token, marking a new era for NFT trading. On Tuesday, the Tensor Foundation outlined the strategy for the TNSR token in a series of tweets.
According to the report, TNSR will be used to manage the Tensor protocol, which has facilitated more than $2 billion in NFT transactions on Solana. Solana is known for its unparalleled speed and scalability, and the Tensor protocol operates on this basis.
How Tensor shapes a unique position in the Solana ecosystem
On March 13, 2024, Tensor, the NFT market in the Solana ecosystem, announced the launch of the governance token TNSR. This move will give TNSR holders control over the future direction of the protocol. Tensor Protocol has processed more than $2 billion of Solana
NFT transactions, accounting for more than 70% of the Solana network NFT transaction volume in the past 90 days, which shows Tensor's leading position in the market.
Since completing a $3 million financing in March 2023, Tensor has won wide support from the community and investors with its outstanding performance in the Solana hackathon and technical strength. As the Tensor Foundation is about to announce more details about the issuance of TNSR tokens, the community is full of expectations for its future development.
After Tensor launched the governance token TNSR, its every move has attracted widespread attention from users. As the Solana ecosystem has achieved an astonishing 150% growth in decentralized exchange (DEX) trading volume, even surpassing Ethereum at one point, Solana's NFT market has also ushered in new development opportunities. Against this backdrop, Tensor, as an NFT market supported by the Solana Foundation, has demonstrated its commitment to promoting the development of the NFT ecosystem by launching the governance token TNSR.
Summary
Tensor's success story not only highlights the efficient performance of Solana technology, but also proves the ability of its infrastructure to support fast and low-cost transactions. By making full use of Solana's advanced technology, Tensor was able to achieve rapid sales of NFTs. At the same time, Tensor also benefited from the financial support provided by Solana, and its founders used the winnings to launch and advance the project.
