Additionally, Wormhole initiated an airdrop initiative, and Coinbase announced support for Wormhole perpetual futures.
The eagerly anticipated TNSR token is set to be released the following week on the Solana NFT marketplace Tensor. On Friday, the preeminent American cryptocurrency exchange Coinbase announced its intention to include the forthcoming TNSR token on its listing.
Although Coinbase did not provide a specific date for the listing of the TNSR token, the digital asset is slated to go live on April 8.
The inauguration of TNSR will occur concurrently with the conclusion of Tensor’s rewards program for season 3 and the commencement of trading incentives for season 4.
The Tensor Foundation announced on Twitter that participants in the referral program will receive “treasure crates” containing TNSR tokens. On April 8, all treasure crates from the first three seasons of the program will be accessible, per the Tensor Foundation.
“To date, Tensorians have been crucial to the expansion of the Tensor protocol.” “Therefore, Tensorians who remain staked until the claim date will be eligible to claim an additional 1% of the $TNSR supply,” the Tensor Foundation announced on Twitter, adding that this claimable supply is in addition to any allocation earned through points.
According to data from Tiexo, Tensor has the most active wallets of any Solana NFT marketplace, with approximately 345,000 unique wallets in the last thirty days.
That is more than double the tally of competitor Magic Eden; however, Magic Eden has recently seized the lead in terms of trading volume, holding a nearly 60% market share over the past 30 days, while Tensor has held a 35% market share.
Coinbase Expands Support for Solana Tokens
Coinbase has increased the volume of Solana token listings as of late. The cryptocurrency exchange listed the immensely popular Bonk (BONK) Solana meme coins in December.
Following the listing of other Solana-based tokens by Coinbase, namely Bonfida (FIDA) and Orca (ORCA), Bonk and TNSR were introduced.
Shadow Token (SHDW) and Neon EVM (NEON) are forthcoming Solana-based token listings on the Coinbase roadmap.
Wormhole (W), a cross-bridge protocol, initiated an airdrop initiative for over 400,000 funds across Solana and additional chains on Wednesday.
Coinbase International Exchange and Coinbase Advanced will now offer support for Wormhole perpetual futures, the exchange announced.
“Our objective is to compile an exhaustive inventory of all assets that satisfy our legal, compliance, and technical security criteria.” “These standards do not consider a project’s market capitalization or popularity,” Coinbase stated in a blog post that accompanied the TNSR announcement.