The Tensor Protocol is an autonomous protocol on Solana that NFT marketplaces can use to access deep liquidity and connect their users with other NFT traders. Tensor.trade, the leading NFT marketplace on Solana, is built on the Tensor Protocol. TNSR is the governance token of the Tensor Protocol. TNSR holders can vote on proposals pertaining to the protocol’s development, including the use of the community treasury.

TNSR (Tensor) is the governance token for Tensor, the largest NFT marketplace on the Solana network. Tensor aims to provide a platform for buying, selling, and trading NFTs with competitive transaction costs and processing times. The marketplace is designed to cater to both seasoned collectors and new users, making it a central hub for NFT commerce within the Solana ecosystem.

TNSR tokens are utilized within the Tensor ecosystem to facilitate various functionalities. Holders of TNSR can participate in governance decisions, influencing features, and policy changes on the marketplace. The token is also used to pay for transaction fees, access exclusive drops, and obtain discounts within the platform. This model not only incentivizes community participation and loyalty but also enhances the platform's operational efficiency and democratic governance structure.

As the native token of the Tensor marketplace, TNSR's primary use case is facilitating NFT transactions on the Solana blockchain. It enables a decentralized governance model where token holders vote on proposals that shape the marketplace's future. Additionally, TNSR is used for staking mechanisms, where users can stake their tokens to earn rewards, participate in special NFT drops, and improve their standing within the community. The marketplace itself supports a wide range of NFTs, including art, music, digital collectibles, and virtual real estate.

Tensor was launched to optimize the NFT trading experience on the Solana network, leveraging Solana’s network to create a superior marketplace. The introduction of the TNSR token followed significant growth in activity on the platform, which saw it quickly become one of the leading NFT marketplaces by volume. This growth was driven by the broader adoption of NFTs and the increasing popularity of the Solana blockchain as a platform for digital assets. The TNSR token was introduced to further decentralize the decision-making process and empower the community, fostering a more open and collaborative ecosystem.

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The current market cap of Tensor is £19.34M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Tensor is £1.46. This all-time high is highest price paid for Tensor since it was launched.

Over the last 24 hours, the trading volume of Tensor is £7.09M.

Assets that have a similar market cap to Tensor include Bone ShibaSwap, GoPlus Security, Hegic, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Tensor is 410 million.

Tensor ranks 284 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Tensor is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Tensor guide.