The rise and fall of Tensor

2022:
> two ex-quant traders with no funding
> win two Solana hackathons back to back
> bootstrap with $60k prize money
> launch during the FTX collapse
> zero users, zero revenue, zero social presence
2023:
> raise $3M
> quietly become #1 NFT marketplace on Solana
> beat Magic Eden in volume
> launch Tensorians NFT at 1.69 SOL
late 2023:
> Solana season begins
> pioneering cNFTs
> Tensorians hit 85 SOL (50x from mint)
> capturing 85% of all Solana NFT volume
> the "Blur of Solana" narrative is real
2024:
> TNSR token launches over $1B FDV
> everyone celebrates
> volumes go down
> farmers leave Tensor for Magic Eden
2025:
> NFT market dies
> daily volume down 80% from peak
> $20k daily fees
> team builds a new platform (Vector)
> pivot more and more to memecoins
> Vector adopts $TNSR (new hope)
2025 (Coinbase acquisition):
> Coinbase acquired Vector just to shut it down
> Coinbase takes over core team
> Tensor and $TNSR token not part of the deal
> $TNSR pumped 8-11x before announcement
> founder allocations were relocked for additional 3 years
2026:
> Tensor foundation leads marketplace now
> last tweet 4 months ago
> revenue down to $250/day
> future unclear...