What is the current price of Tensor?
The current price of Tensor is $0.03259 with a 4.13% change in the last 24 hours.
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Tensor is a set of NFT trading protocols on Solana, plus the marketplace interface built on them. It launched in July 2022 aimed at traders rather than collectors, with real-time data, charting, bidding tools, and a fast keyboard-driven interface, and became the dominant venue for Solana NFT trading.
TNSR is the governance token for those protocols. Holders govern fee parameters and upgrades, and protocol fees accrue to a treasury that governance controls. TNSR is an SPL token on Solana with nine decimals.
One identity note: Tensor (TNSR) is unrelated to Bittensor (TAO) or other projects using the word tensor. Confirm the mint address when checking a listing.
Official sources:
Tensor was built by Tensor Labs, co-founded by Richard Wu and Ilja Moisejevs. The TNSR token was deployed in March 2024 and distributed through community airdrops, with vesting from that date.
The most consequential change came on November 21, 2025. Coinbase announced it was acquiring Vector.fun, a social trading application Tensor Labs had built; Vector's apps were slated for shutdown, and Wu, Moisejevs, and a group of Vector employees joined Coinbase. In the same announcement the Tensor Foundation acquired the Tensor Marketplace and the Tensorians NFT collection from Tensor Labs, so it now owns and operates the official marketplace interface. Coinbase stated that the Foundation and TNSR remain independent of and unaffiliated with Coinbase.
That changed the token's economics three ways: all marketplace fees began flowing to the TNSR treasury rather than being split with Tensor Labs, unvested Labs and founder tokens amounting to 21.6% of supply were burned, and the founders relocked vested tokens for three more years. Descriptions still presenting Vector as a live product feeding the treasury predate this.
Marketplace orders The core program handles permissionless listing and buying of NFTs on Solana, including compressed NFTs, settled on chain.
Automated market making for NFTs The Tensor AMM lets liquidity providers run bonding-curve pools quoting both bids and asks for a collection continuously, allowing instant sells into a standing bid rather than waiting for a matching buyer.
Shared escrow and collection verification A dedicated escrow program holds funds across the protocols, so capital committed to bids can be reused rather than sitting idle against each bid. A whitelist program manages which mints belong to which collection, preventing a collection-wide bid from being filled with a counterfeit.
Fee routing A fee program collects and routes protocol fees. Per the Foundation's documentation, 100% of fees from the main Tensor Trade marketplace and 50% of all fees from the Tensor Protocols go to the treasury the Foundation controls.
TNSR launched with a total supply of 1,000,000,000 tokens. Published allocation was 55% to the community (including a 12.5% initial airdrop and a 2.3% power-user airdrop), 27% to core contributors, 9% to investors and advisors, and 9% to a development reserve. Contributor and investor tranches vest linearly over three years after a one-year cliff from March 2024. A further 4% went to protocol users in a later season, and 21.6% of supply was burned in November 2025.
The token's function is governance, and its scope is unusually specific. TNSR holders vote on three categories:
Value accrual is separate from voting: fees flow to the treasury governance controls rather than to holders automatically.
Tensor's original edge was product design for a specific user. Building for traders instead of collectors meant real-time data, professional charting, bulk actions, and low latency, and that focus won it the majority of Solana NFT volume.
Its structural edge now is the ownership arrangement. After the November 2025 restructuring, the marketplace interface, the protocols, and the fee flow all sit under a Foundation governed by token holders, with the founding company's unvested tokens burned. That is cleaner alignment between protocol revenue and token governance than most marketplace tokens manage.
Compared with Ethereum NFT marketplaces, the base layer shapes the product. Solana's low fees and fast confirmation make continuous bidding, sweeping, and AMM-style quoting viable at sizes impractical on a more expensive chain.
Unlike marketplace tokens that mainly serve as reward emissions, TNSR governs real fee parameters and a treasury that receives those fees. And unlike aggregators, Tensor operates its own protocols rather than only routing to others, so fees accrue at the protocol layer.
The protocols are Solana programs and inherit the chain's consensus security for settlement. The Foundation maintains an audits section, and SDKs and program code are published under the tensor-foundation organization on GitHub.
Governance has its own safeguards. A proposal starts with at least fourteen days of forum discussion, then moves to Realms for on-chain voting, where creating one requires 250,000 TNSR and passing requires at least 10,000,000 yes votes with yes exceeding no. Voting runs three days, then a two-day cool-off. A security council of seven independent Solana ecosystem individuals reviews it, four of seven required, to block governance attacks and proposals creating legal exposure.
Tensor is a useful case study in how an application-layer protocol can restructure toward its token holders. It began as a company-operated marketplace with a governance token attached and ended with the marketplace, the protocols, and the full fee stream owned by a Foundation that token holders govern. For anyone assessing marketplace tokens, that is clearer alignment than the norm, and Tensor remains core trading infrastructure for Solana NFTs.
TNSR trades on centralized exchanges and on Solana decentralized exchanges. Availability varies by venue and jurisdiction.
TNSR has been listed on venues including:
Pairs are commonly quoted against USDT and USD.
TNSR is not an ERC-20 token, so sending it to an EVM address will not work. Confirm that any deposit address is a Solana address, and verify the mint before adding the token manually.
Compare TNSR with related NFT and Solana assets on Coinrithm:
Track Tensor live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Tensor on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Tensor with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Tensor with real money.
Read the complete paper trading guideThe current price of Tensor is $0.03259 with a 4.13% change in the last 24 hours.
The daily trading volume is $342,400 representing a 9.67% change in the past 24 hours.
The market capitalization of Tensor is $24,220,022, ranking #488 globally.
The fully diluted valuation (FDV) of Tensor is $32,593,738, calculated assuming the maximum supply of 1,000,000,000 TNSR is in circulation.
Circulating: 743,088,205. Total: 1,000,000,000. Max: 1,000,000,000.
In the last 24 hours, Tensor traded between a low of $0.03105 and a high of $0.03258.
TNSR/USDTTether USDT0.03259 USDT
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General Tensor acquires Backprop Finance, a high-volume Bittensor DEX, and raises $5M from DCG, Lvna Capital, and a Goldman Sachs-backed fund as.
NVIDIA integrates Universal Sparse Tensor into nvmath-python v0.9.0, boosting sparse deep learning and scientific computing with zero-cost PyTorch interoperability. (Read More)
Google unveils Pixel 10a with Tensor G4 chip, 30+ hour battery, satellite SOS, and AI camera features. Preorders open now, ships March 5 at $499. (Read More)
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