What is Tensor (TNSR)?

Deep Dive

1. Purpose & Value Proposition

Tensor solves fragmented NFT liquidity by offering a unified, trader-optimized marketplace on Solana. Its core value lies in professional-grade tools—batch trading, real-time analytics, and instant settlement—catering to active traders rather than casual collectors. This specialization helped capture ~70% of Solana’s NFT volume by focusing on speed and advanced features absent in generalist platforms.

2. Technology & Architecture

Built on Solana’s high-throughput blockchain, Tensor leverages its low fees (~$0.00025 per transaction) and sub-second finality for seamless NFT swaps. The protocol operates as an on-chain order book, enabling features like Dutch auctions (declining-price sales) and portfolio sweeping (bulk purchases). Its open-source design allows third-party developers to build atop its infrastructure.

3. Tokenomics & Governance

TNSR governs two key areas:
- Protocol parameters: Holders adjust fees, voting thresholds, and grant allocations.
- Treasury management: 100% of marketplace fees fund ecosystem grants and development since the November 2025 restructuring. Tokenomics include deflationary mechanisms like the 21.6% supply burn of unvested tokens during the Vector acquisition.

Conclusion

Tensor is fundamentally a community-steered protocol governing Solana’s NFT trading infrastructure, balancing advanced tooling with decentralized governance. How might its treasury deployment strategy evolve to support multi-chain expansion beyond Solana?