What is Tensor (TNSR)?

Deep Dive

1. Purpose & Value Proposition

Tensor is the largest NFT marketplace on Solana, handling over $2 billion in trades as of 2025. Unlike generalist platforms, it focuses on professional traders with features like instant price feeds, bulk listings, and a terminal-style interface. This specialization helped it capture 60–70% of Solana’s NFT volume within a year of its 2022 launch.

2. Technology & Ecosystem

Built on Solana for speed and low fees, Tensor supports cross-chain trading via its Vector protocol, which expanded to tokens on Ethereum and other chains. Key innovations include:
- Live mint tracking – Auto-lists new NFT projects in real time.
- Social trading integration – Vector’s app hit $7.5B annualized volume within three months of launch.

3. Tokenomics & Governance

TNSR governs both Tensor and Vector protocols. Half of all protocol fees (e.g., $75M/year from Vector) flow to the TNSR treasury, funding grants to grow the ecosystem. Token holders vote on upgrades, fee structures, and resource allocation, aligning incentives between traders and developers.

Conclusion

Tensor redefines NFT trading through speed, specialized tools, and community-driven governance. As Solana’s ecosystem evolves, will TNSR’s treasury model sustain its dominance against multi-chain competitors?