What is Tensor?

Tensor launched in July 2022 and operates as an NFT marketplace on the Solana blockchain, holding a significant share of the Solana NFT market. The TNSR token governs the protocols of Tensor and its associated platform, Vector, with 50% of the protocol fees generated from both products allocated to the TNSR treasury.

Vector functions as a social trading application within the cryptocurrency space. Within three months of its launch, it reported an annualized trading volume of $7.5 billion and 20,000 daily active users, with growth metrics suggesting rapid increases. The application generates approximately $75 million in fees annually, with half of these fees directed to the TNSR treasury.