Tensor

Tensor is an innovative Non-Fungible Token (NFT) trading platform that has functional advantages. Tensor rewards users for their market activities, offering points that can be exchanged for exclusive NFTs, discounts, and various other benefits.

Tensor is an NFT marketplace aggregator designed for professional traders to buy, sell, and trade NFTs on Solana. Tensor also offers a “Lite” mode with a sleek interface and streamlined features for common collectors. This multi pronged approach is bearing fruit, as the trading platform has become Solana’s leading NFT marketplace in terms of monthly trading volume.

Tensor integrates four scarcity systems to help users evaluate the value and scarcity of NFTs, enhancing the trading experience. To better understand what Tensor NFT is. Let's start with Solana's advantages as an NFT platform, Tensor's key features and functionalities, and Tensor's benefits for the NFT ecosystem.

This platform presents a range of advanced features, including real-time data updates, detailed candlestick charts for trend analysis, and an automated market maker (AMM) pool designed to enhance NFT trading dynamics. As a newly emerged NFT trading platform earlier this year, Tensor quickly rose to the top position in the Solana NFT market, surpassing its competitor Magic Eden in trading volume.

Not many NFT marketplaces have a governance token. But Tensor, with TNSR, seems to be following a similar path as Blur with its governance token. Mainly, TNSR will be used by the community to manage key parameters of the Tensor protocols.