About Tensor
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.
Buy Tensor
Trading Insights
Buyer Ratio
Traders
67
15.52%
Buyers
25
8.7%
Sellers
43
13.16%
Searched
57
Market Stats
Market Cap
£39.84M
FDV
£95.43M
Circ. Supply
417M TNSR
Max Supply
Not enough data
Total Supply
1B TNSR
Performance
Popularity
#561
Dominance
0%
Volume (24H)
£9.83M
69.62%
Volume (7D)
£70.61M
Volume (30D)
£235.42M
All time high
£1.44
Price Change (1Y)
-69.07%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Tensor has decreased by 0.39% in the last hour and increased by 7.53% in the past 24 hours. Tensor’s price has also risen by 4.90% in the past week. The current price is £0.0949 per TNSR with a 24-hour trading volume of £9.83M. Currently, Tensor is valued at 93.42% below its all time high of £1.44. This all-time high was the highest price paid for Tensor since its launch.
The current circulating supply of Tensor is 417,498,241.913 TNSR which means that Tensor has as total market cap of £39,840,965.38.
Market details
TNSR vs markets
↘ 83.68%
TNSR vs BTC
↘ 83.06%
TNSR vs ETH
↘ 82.16%
Tags
collectibles-nfts
binance-listing
Network & Addresses
Network | Address | |
|---|---|---|
Solana | TNSRxcUxoT9xBG3de7PiJyTDYu7kskLqcpddxnEJAS6 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0949 | ↗ 7.53% |
1 Day | £0.0890 | ↗ 7.53% |
1 Week | £0.0904 | ↗ 4.90% |
1 Month | £0.12 | ↘ 23.05% |
1 Year | £0.31 | ↘ 69.07% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
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.
We update our Tensor to GBP currency in real-time. Get the live price of Tensor on Coinbase.
The current market cap of Tensor is £39.84M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Tensor is £1.44. 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 £9.83M.
Assets that have a similar market cap to Tensor include Anchored Coins AEUR, Landwolf 0x67, KernelDAO, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Tensor is 417 million.
Tensor ranks 278 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.
Social stats
Popularity in posts
#1382
Contributors
141
Posts
317
% About Tensor
0.02%
Hold times
0 days
X (Twitter)
7.92% bullish
Sentiment
4.6 ★
Highlights
141 unique individuals are talking about Tensor and it is ranked #1,382 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Tensor has an average sentiment score of 92 out of 5. Finally, Tensor is becoming less newsworthy, with 0 news articles published about Tensor.
On Twitter, people are mostly neutral about Tensor. There were 8.23% of tweets with bullish sentiment compared to 3.9% of tweets with a bearish sentiment about Tensor. 91.77% of tweets were neutral about Tensor. These sentiments are based on 313 tweets.
On Reddit, Tensor was mentioned in 2 Reddit posts and there were 2 comments about Tensor. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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