About Tensor
The TNSR token serves as the governance mechanism for the Tensor and Vector protocols. A significant portion of the revenue generated from these platforms, specifically 50% of the protocol fees, is allocated to the TNSR treasury, enhancing its value proposition for holders.
Launched in July 2022, Tensor stands out as the premier NFT marketplace on the Solana network, capturing approximately 60-70% of the market share for Solana NFTs. Unlike traditional marketplaces that primarily target collectors, Tensor focuses on NFT traders by offering real-time data, advanced charting tools, and a rapid terminal interface, which significantly enhances the trading experience.
Vector, another key component of the ecosystem, has quickly established itself as a leading social trading application in the cryptocurrency space. Within just three months of its launch, Vector achieved an impressive annualized trading volume of $7.5 billion and attracted around 20,000 daily active users, with growth rates doubling every 1-2 weeks. This platform generates substantial revenue, amounting to $75 million annually, with half of this revenue being funneled directly to the TNSR treasury.
Together, Tensor and Vector provide a robust ecosystem that not only fosters trading but also contributes to the financial health of the TNSR token through revenue sharing. The combination of innovative tools and a strong user base positions TNSR as a valuable asset in the evolving landscape of cryptocurrency and decentralized finance.