Nansen boasted that their staking system reached a staggering $1 billion in value locked within only four months. This rapid expansion marked a mind-blowing 1,500% rise from the initial value of $60 million, demonstrating an astonishingly high growth pace.
This news comes from a press release exclusively shared with BeInCrypto.
Nansen Sees Staking Success
Nansen, a leading analytics company known for breaking significant blockchain stories, credits its success to a recent acquisition. In September, they acquired StakeWithUs, a top-tier staking service provider, which served as the basis for this project.
Alex Svanevik, CEO of Nansen, shared that we’ve reached a significant milestone – $1 billion within 4 months after StakeWithUs merged with Nansen. The response from our over 70,000 users who now stake with Nansen has been fantastic. In the second quarter, we’re introducing Nansen Points, which means our users will soon be eligible for rewards not only from top-tier partners but also from Nansen itself.
Established in 2019, Nansen started as a fledgling company and navigated a complex path to becoming a prominent staking platform today. Around four years ago, it secured over $12 million in seed funding from Andreessen Horowitz, and the business has been expanding steadily since then.
2023 brought some challenges such as a security incident and significant downsizing, yet it managed to preserve its robust image during this time.
Or:
In 2023, it experienced difficulties like a data breach and large-scale redundancies; however, it continued to uphold a powerful standing throughout the year.
According to a recent statement, the company attributes its success primarily to token options. In the past year, Solana staking has gained significant traction, and Nansen is currently waiving commission fees for this particular asset.
This platform additionally offers appealing discounts for tokens such as ETH and SUI, and through its collaboration with HypurrCollective, it has become the leading non-Hyperliquid validator for HYPE.
This platform features attractive discounts on tokens like ETH and SUI, and thanks to its partnership with HypurrCollective, it stands as the top non-Hyperliquid validator for HYPE.
Or even more casually:
The platform provides great deals on tokens such as ETH and SUI, and partnering with HypurrCollective has made it number one in the non-Hyperliquid validator league for HYPE.
It’s been speculated that Nansen might leverage their crypto staking success to introduce their own token. For instance, similar to Arkham Intelligence, another blockchain analytics company, they could follow suit after establishing a solid reputation. In November, Arkham introduced a US spot trading platform, marking the beginning of a new phase in their business operations.
As a researcher, I have found that Nansen has thus far not explicitly outlined any lofty aspirations beyond their current staking platform. They’ve alluded to a wider objective of establishing themselves as the preferred platform for on-chain investors, but they haven’t delved into the specifics yet.
Despite everything, the 1,500% increase during this phase is truly astonishing. If Nansen decides to take on more business endeavors and expand, this financial surge will undoubtedly offer powerful impetus for future growth.
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2025-01-14 21:01