Nansen's AI Upgrade Boosts Platform Speed by 20x, Expands Blockchain Support

Nansen, a leading blockchain analytics platform, has undergone a significant transformation under the leadership of its CEO, Alex Svanevik. The company has evolved from a traditional blockchain analytics platform to an AI-native, multi-chain intelligence hub with the launch of Nansen 2. This upgrade brings dramatic improvements in speed, usability, and AI integration, reshaping how investors, analysts, and institutions interact with on-chain data.
Svanevik highlighted several key improvements in Nansen 2. The platform now boasts significantly faster load times and a more intuitive interface, addressing user feedback on latency and ease of use. Additionally, Nansen 2 integrates more AI features, providing users with AI-powered signals and personalized insights tailored to their interests. The tech stack has been rebuilt from the ground up to support these enhancements, ensuring a seamless user experience.
One of the standout features of Nansen 2 is the "Signals" function, which notifies users of unusual on-chain activity. This feature is particularly powerful because it is personalized, taking into account the user's watchlisted tokens, portfolio, and other preferences. This allows investors to receive insights that are directly relevant to their interests, enhancing their decision-making process.
Nansen has also made significant strides in expanding its blockchain support. Initially focused on Ethereum, the platform now supports a wide range of blockchains, including Solana, Layer 2s, and Bitcoin. This expansion is driven by the growing demand for multi-chain analytics and the company's strategic investments in integration processes. For instance, Nansen was able to integrate BitLayer, a Layer 2 on Bitcoin, relatively quickly, demonstrating its agility in adapting to new blockchain technologies.
In addition to its analytics capabilities, Nansen has also ventured into the validator business. By operating validators for the chains it integrates, Nansen bridges the gap between investors and blockchain networks. This allows the platform to offer staking options to its end users, further enhancing its value proposition. Since acquiring StakeWithUs in September, Nansen has scaled its staking business from $60 million in assets staked to over $1.2 billion, a 20x increase in just seven months.
Nansen's research team plays a crucial role in ensuring the quality of its on-chain data. The team operates using what Nansen believes is the best on-chain data in the world, focusing on quality over quantity. Their analyses, such as those on the FTX collapse or Luna, are examples of the deep, thoughtful approach they take. The team's work has been recognized by various media outlets, including a New York Times podcast that used Nansen's data in its investigation.
The integration of AI into blockchain analytics is a key focus for Nansen. Svanevik views AI and blockchain as complementary forces, with AI creating abundance and blockchains preserving scarcity. This interplay can solve real problems, such as verifying the authenticity of digital media and ensuring cryptographic identity verification. Nansen's AI capabilities are also used extensively in address labeling, a process that would be impossible to do manually at scale.
Nansen's approach to user privacy and transparency is another notable aspect of its platform. The company sees its role as somewhat journalistic, organizing and surfacing on-chain information in a meaningful way. All data used for labeling addresses comes from the public domain, and Nansen is fully compliant with global privacy regulations. However, the platform does not remove labels for corporations or investment funds, as they do not have the same privacy rights as individuals.
Looking ahead, Nansen has ambitious plans for embedding AI across the crypto landscape. The company is set to release a new API and a Model Context Protocol (MCP) in the coming weeks, which will allow users to integrate Nansen's data into other AI tools like ChatGPT, Cursor, and Claude. This will enable users to interact with blockchain data in a more intuitive and intelligent manner, potentially revolutionizing how investors and analysts access and utilize on-chain information.
Nansen's unique edge lies in its comprehensive and high-quality on-chain data, as well as its focus on traders and investors. The platform offers a full-stack product, allowing users to track their portfolio, set on-chain alerts, perform due diligence, discover and research tokens, and even stake assets. This holistic approach sets Nansen apart from other blockchain analytics platforms, providing a one-stop solution for all on-chain activities.
In terms of global expansion, Nansen has always had a strong presence in the US, which remains its largest market. The company recently opened an office in New York and is actively hiring there. Looking ahead, Svanevik sees Dubai as a potential next location for expansion, given its strong crypto industry and regulatory support. The region's openness to crypto companies and its rapid growth make it an attractive destination for Nansen's future endeavors.
Svanevik's advice to industry leaders is to focus on building a strong company culture. He emphasizes the importance of clearly defining and living by the company's values, recognizing and rewarding those who embody them, and making tough decisions when necessary. This approach has been instrumental in Nansen's success and will continue to guide its future growth.

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