What is Tensor? Information about TNSR Token

The Solana ecosystem continues to thrive, attracting both developers and investors. In the realm of NFTs, a prominent project has emerged known as Tensor. So, what is Tensor? What makes this project noteworthy? Let's delve into it right away!

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What is Tensor?

Tensor is a decentralized marketplace aggregator designed to provide a top-notch trading experience for users. Built on the Solana platform, users can easily buy, sell, and exchange NFTs quickly and efficiently.

Tensor offers two product versions, Lite and Pro, to cater to diverse customer needs. Despite launching after Magic Eden, Tensor has become one of the leading NFT trading platforms in the Solana ecosystem, with a total trading volume exceeding 2 billion USD.

What Is Tensor
What Is Tensor

For traders, Tensor provides a simple, fast, and highly liquid solution for NFT trading. Dubbed as the “Blur of Solana,” Tensor focuses on pro-trader NFTs and implements various incentive programs to encourage user engagement.

Related: What is an NFT and how does it work?

Products of Tensor

Tensor Swap (Sweep)


This is an NFT trading platform based on the Automated Market Maker (AMM) mechanism. Alongside Sudoswap, Tensor Swap is one of the first platforms to adopt this model. Tensor Swap allows traders to buy and sell NFTs while also acting as Liquidity Providers for their own NFTs. Currently, Tensor Swap supports three main types of orders: Collection Wide Bid, Listing orders, and Market-making orders.

Tensor Aggregator

Beyond basic NFT buying and selling functions, Tensor operates as an aggregated NFT marketplace, integrating data from various sources. This enables users to compare and choose NFT trades across different platforms at the best prices, all within the Tensor interface. Tensor Aggregator provides liquidity data from most major NFT markets on the Solana platform, updated in real-time. It also integrates TradingView and offers various advanced analysis tools, helping users make efficient NFT trading decisions.

Price Lock

Price Lock
Price Lock

This is Tensor’s latest product, launched on January 22, 2024, allowing traders to implement Long/Short strategies for their favorite NFTs. Price Lock includes two main types:

  • Buying Price Lock: For Makers (buyers), allowing them to purchase options to buy/sell NFTs at a locked price for 7 days, with a minimum insurance fee of 3.5%.
  • Funding Price Lock: For Takers (sellers), allowing them to provide “options” to buy/sell NFTs at a locked price for 7 days, with profits from the initial fee of 3.5%.

Highlights of Tensor

Tensor has several notable strengths compared to its competitors in the Solana ecosystem, including:

  • Diverse features: Acting as an all-in-one NFT platform, Tensor combines various features such as buying, selling, trading, and liquidity management, all in a single interface, providing convenience for users.
  • Large liquidity: Tensor integrates and aggregates liquidity from multiple NFT marketplaces on Solana, combined with its own AMM (Automated Market Maker) mechanism, addressing the common issue of liquidity shortage in the NFT market.
  • Diverse NFT collections: Tensor currently supports over 30,000 NFT collections, providing users with a wide range of options.
  • Serving multiple audiences: In addition to traders, Tensor also supports NFT creators and provides liquidity management tools for Liquidity Providers.

Development Team

Key members playing pivotal roles in Tensor’s operations include:

  • Ilja Moisejevs (Co-Founder & CEO): Prior to founding Tensor, he had several years of experience working at large organizations such as Bank of America, GoCardless, and Calypso AI. Ilja Moisejevs co-founded Tensor in early 2022.
  • Richard Wu (Co-Founder & CTO): Before co-founding Tensor, he worked at major technology conglomerates like Google, Shopify, and Citadel LLLC. After working at Two Sigma for 2 years, Richard Wu co-founded Tensor in March 2022.


Funding Round
Funding Round

On March 7, 2023, Tensor successfully raised $3 million in seed funding, led by reputable investment firm Placeholder Ventures. In addition to Placeholder Ventures, the project also received participation from Solana Ventures and Big Brain Holdings, prominent names in the Solana blockchain ecosystem.

What is TNSR Token

After understanding what Tensor is, let’s delve into the project’s token – TNSR.

Basic Information about TNSR Token

  • Token Name: Tensor
  • Ticker: TNSR
  • Contract: TNSRxcUxoT9xBG3de7PiJyTDYu7kskLqcpddxnEJAS6
  • Total Supply: 1,000,000,000 TNSR
  • Initial Circulating Supply: 125,000,000 TNSR

TNSR Token Use Case

TNSR is the governance token used by the community to manage the critical parameters of the Tensor protocols.
Additionally, holders of $TNSR can utilize this token to receive discounts when trading on Tensor protocols. If a trading order is created using $TNSR, the protocol’s trading fees will be reduced by 25%.

TNSR Token Allocation 


Tensor has deployed the distribution of the 1 billion TNSR token supply as follows:

  • Community: 55% (550 million tokens), including 12.5% (125 million tokens) allocated for the initial airdrop.
  • Core contributors: 27% (270 million tokens)
  • Investors & advisors: 9% (90 million tokens)
  • Treasury (reserve and future development): 9% (90 million tokens)

TNSR Token Release Vesting 


Trading TNSR Token


Currently, TNSR Token is available on most centralized exchanges (CEX) such as Binance, OKX, MEXC, and others.


After the listing plan, there have been no further announcements regarding their upcoming plans.

Project Information


In this overview, we’ve explored what Tensor is. However, the decision to invest in Tensor or any other project depends on various factors such as investment goals, risk appetite, personal financial situation, etc. This article serves the purpose of providing information and knowledge about Tensor, not specific investment advice. Before making decisions, readers should conduct thorough research, evaluate risks, and consider carefully.


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