# Tensor (TNSR): D-Score 36/100 — Centralized Leaning

**BlockIndex D-Score: 36/100 (Centralized Leaning).** Tensor (TNSR) is a Layer 2 cryptocurrency using N/A consensus. Tensor (TNSR): Solana-native SPL token powering a trader-focused NFT marketplace with low-latency tools and treasury-backed governance.

_Source: https://blockindex.ai/coin/tnsr · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 36 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 20 |
| Age and history | 11 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 2
- Consensus: N/A (N/A)
- Launch: Other (2022)
- Founder: Ilja Moisejevs, Richard Wu
- VC funded: No
- Max supply: N/A
- Circulating: 487,102,757

## Market data (as of 2026-06-19)
- Price: $0.03
- Market cap: $13.89M
- 24h volume: $5.22M
- 24h change: -2.09% · 7d change: -1.65%

## About
Tensor (TNSR) is a Solana-native SPL token that powers the Tensor marketplace and its associated products, designed specifically for professional and high-frequency participants in the NFT market. Launched in July 2022, Tensor positions itself as a trader-first protocol on Solana that prioritizes low-latency market data, advanced order types, and a terminal-style interface aimed at market makers, institutions, and sophisticated retail traders. The project’s economic model routes a material portion of protocol revenues to a treasury, governed by tokenholders and the Tensor Foundation, which is used to fund grants and ecosystem development. Tensor’s suite includes the Tensor marketplace itself and a product called Vector, which acts as a social/trading product and contributes meaningful fee flows to the TNSR treasury.

From a technical and product perspective, Tensor is an application-layer protocol built on Solana using the SPL token standard. It is not a standalone blockchain; rather, it leverages Solana’s high-throughput architecture and Proof-of-History / Proof-of-Stake consensus model to deliver low-latency trading experiences. The project emphasizes professional tooling — a “Lite” and “Pro” interface, advanced order and terminal features, and integration patterns that support market makers and liquidity providers. These technical design choices reflect the project’s emphasis on throughput, deterministic ordering, and integration with trading workflows, while the token’s role is tightly coupled to governance and revenue accrual rather than consensus security.

Tensor’s practical use cases center on NFT market infrastructure and marketplace economics: TNSR functions as the governance token and accrues a share of protocol fees (notably a documented allocation where 50% of protocol fees from Tensor and Vector flow to the TNSR treasury). This creates an on-going funding mechanism for grants and ecosystem incentives, and aligns protocol upgrades with tokenholder incentives. The protocol has been described as capturing a substantial share of Solana NFT trading activity early in its lifecycle, helping to channel fee revenue to the treasury and establishing Tensor as a material venue for NFT liquidity in the Solana ecosystem. Vector’s growth and fee contribution are repeatedly highlighted as core components of this economic feedback loop.

Tokenomics data from public aggregators (CoinMarketCap, CoinGecko snapshots included in the supplied materials) show a total supply figure reported as 783.79M TNSR with a circulating supply of 461.6M TNSR. Market snapshots captured a mid-market valuation profile with an example price around $0.07959 and a market capitalization on the order of $36.74M at the time of the extracted snapshots. The materials do not include comprehensive token allocation tables, premine/PIP percentages, or a full breakdown of investor allocations; those details are either not published in the supplied files or require additional source documents. The governance model is described as hybrid in practice — a combination of a Tensor Foundation and tokenholder-driven mechanisms (Tensor DAO references) — with the treasury and grants program acting as primary levers for ecosystem growth.

Governance and organizationally, the project references the Tensor Foundation and a grants program as the primary vehicles for funding and ecosystem development. The supplied materials also reference on-chain governance constructs and community-led language (Tensor DAO) which suggest a mixed governance approach: foundation oversight for programmatic grants and community/tokenholder participation for protocol decisions. Public documentation and audit mentions (OtterSec, Neodyme) are present in the extracted text, but full audit reports, exact governance process details, and step-by-step voting mechanics are not included in the provided files. The combination of a foundation, treasury, and token voting positions Tensor as a hybrid model with both centralized stewardship and community governance elements as it continues to mature.

## Links
- Website: https://www.tensor.trade/
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore