Tensor

Tensor is a governance token for two products built on the Solana blockchain: Tensor, an NFT marketplace that according to its own description commands 60 to 70 percent of Solana NFT trading volume by catering to active traders with real-time data and professional charting tools, and Vector, a social trading application. The TNSR token is intended for holders who want a say in the direction of the protocols underlying both products.

TNSR is a Solana-based token whose primary on-chain role is governance of the Tensor and Vector protocols. Fifty percent of protocol fees collected by both products are directed to the TNSR treasury, giving the token a claim on a portion of platform revenue. The token has a fixed maximum supply of 1,000,000,000 units, of which roughly 74.3 percent is currently in circulation.

Fees originate from trading activity on both Tensor and Vector, paid by users of those platforms. According to the project description, Vector alone generates 75 million dollars per year in fees, of which 50 percent flows to the TNSR treasury; the same 50 percent split applies to Tensor marketplace fees. Total value locked in the protocol stands at 301,326.75 dollars at this point in time, and over the trailing seven days that figure declined by approximately 3.5 percent. The market-cap-to-TVL ratio of 85.85 and the fully diluted valuation-to-TVL ratio of 115.53 reflect how the market currently sizes the token relative to the value sitting in the protocol.