Nansen claims its staking platform reached $1 billion in total asset value locked (TVL) in just four months. This marks a 1,500% growth compared to the original value of 60 million USD, a truly impressive growth rate.
This information comes from a press release shared exclusively with TinTucBitcoin.
Nansen’s success in Staking
Leading blockchain analyst, Nansen, owes this success to a recent acquisition. Last September, the company acquired leading staking service provider StakeWithUs, laying the foundation for this project:
“We are excited to reach $1 billion in just 4 months since StakeWithUs partnered with Nansen. We have received a lot of good feedback from over 70K users who are now staking with Nansen. With the launch of Nansen Points in the second quarter, users can look forward to receiving rewards from leading partners as well as from Nansen itself,” said Nansen CEO Alex Svanevik.
Founded in 2019, Nansen has had a complicated journey from startup to building this large staking platform. Nearly four years ago, the company received more than $12 million in venture capital through Andreessen Horowitz, and has been growing ever since.
The company encountered some setbacks, such as security breaches and significant layoffs in 2023, but maintained a strong reputation.
In an exclusive press release, the company credits its popularity here to one important factor: Token options. Solana staking has become especially popular over the past year, and Nansen offers 0% commission on the asset.
It also has attractive incentives for Tokens like ETH and SUI, and its partnership with HypurrCollective has made it the leading non-Hyperliquid validator for HYPE.
There are some rumors circulating that Nansen could parlay this success in cryptocurrency staking into launching its own Token. For example, Arkham Intelligence, another blockchain analytics company, launched the ARKM Token after building a solid reputation. In November, Arkham launched its spot trading platform in the United States, opening a new business chapter.
However, currently, Nansen has not directly alluded to ambitious goals beyond this staking platform. It only references the larger mission of becoming the leading platform for on-chain investors without going into details.
Regardless, this period of 1,500% growth is extremely impressive. If Nansen continues to pursue further business and expansion projects, this financial development will provide strong momentum.