Memecoin App Vector Adopts TNSR as Native Token

Vector, a memecoin and social app built by Tensor, the leading Solana NFT marketplace by volume, is officially adopting the TNSR token and will route 50% of its revenue to the TNSR treasury.

Vector will now be stewarded and contributed to by the Tensor Foundation, and will contribute 50% of its revenue to the TNSR treasury, governed by TNSR holders.

Vector is generating a projected annualized revenue of $72 million based on its last seven days - on par with Metamask and Orca. At its current rate, Vector would be the 34th largest revenue-generating product in DeFi, according to DeFiLlama. Notably, the projected annual revenue for Vector is 1000% higher than the Tensor NFT marketplace.

Memecoin trading apps have exploded over the past few months and have only been propelled higher with the launch of the TRUMP memecoin. Moonshot, a memecoin trading app built in partnership with Moonpay, has earned $23 million in fees since launching in September 2024, but $18 million, or 78% of that total revenue, has been generated just in the month of January.

In contrast to apps such as Moonshot, Vector adds a social element to its platform, where users can see who else is buying and selling particular memecoins through its broadcast and terminal features. Vector also allows users to create groups where creators can share wins, losses, trade setups, and calls with each other in the app.

Vector is currently gated via an invite code referral system, meaning it is not fully public yet.

The app reached an all-time high of 6,000 daily active users (DAU) on Jan. 23 out of its 18,600 unique users. The day also marked the app’s second-highest total swaps at 130,000.

Cubs, an advisor to the Tensor Foundation, took to X to describe Vector and said, “@VECTORDOTFUN is not a trading app. Vector is a multi-player game, and we are the players. Campaign mode or PVP is your choice.”

Tensor

Tensor is Solana’s leading NFT marketplace, with 545,000 SOL in volume over the last 90 days compared to Magic Eden’s 464,000 SOL.

The protocol introduced a trading-focused UI/UX to the Solana NFT market using its data-driven terminal. Tensor airdropped its native TNSR token in April 2024, when it traded as high as a $2 billion fully diluted valuation (FDV) before retracing.

TNSR has fallen alongside the rest of the altcoin market, and currently changes hands at $0.39, or a $390 million FDV.