What is Tensor? Tensor is a cryptocurrency that has garnered attention due to its innovative features and potential within the digital currency market. This cryptocurrency operates on a decentralized network, offering users the advantages of security, transparency, and minimized transaction costs. Investors and technology enthusiasts have shown interest in Tensor for its capacity to facilitate efficient peer-to-peer transactions. For additional information and to keep abreast of Tensor's market performance, please refer to Eulerpool.
Tensor (TNSR) is a significant entity within the cryptocurrency domain, particularly notable within the Solana blockchain ecosystem. Fundamentally, Tensor serves as a foundation enabling community-driven governance of its protocols, thereby nurturing the growth of both the Tensor DAO and the wider Tensor ecosystem. This foundation underpins both Tensor and Vector protocols, which are crucial trading infrastructures for NFTs on Solana and tokens spanning multiple chains. Since its launch in July 2022, the Tensor NFT marketplace has swiftly emerged as a dominant player on Solana, securing a substantial 60-70% of the market share. Unlike conventional NFT platforms, Tensor is tailored specifically for NFT traders, providing advanced trading features, real-time data, and a high-speed terminal interface. This trader-centric approach, as opposed to focusing on collectors, has propelled its success. Vector represents another vital component as a leading social trading app within the crypto sphere. In just three months post-launch, Vector achieved a remarkable $7.5 billion in annualized volume and attracted 20,000 daily active users, with these metrics doubling every 1-2 weeks. The app generates $75 million annually in fees, half of which supports the TNSR treasury. The TNSR token is integral to governance, with 50% of protocol fees from both Tensor and Vector being allocated to its treasury. This financial framework sustains the foundation's grants program, which is designed to enhance the adoption of Tensor protocols.














