Now that on-chain data is trending and consistently becoming famous, it’s time to use applications that enable easy tracking of wallets and funds to prevent scams and fraud. With the birth of Nansen.ai came the limitless possibility of tracking Ethereum on-chain information, improving its accessibility for everyone.
Nansen.ai is an online platform you can use to analyze wallet labels, on-chain data points, and other useful entities that can help you determine worthy NFT projects you can invest in.
Because on-chain data comprise complex numbers in a long and technical chain, I honestly find it challenging and confusing to fit them into the context of the real world. With this, we need software and applications like Nansen to help us understand on-chain data further to take advantage of its opportunities.
Thanks to Nansen.ai, Etherium on-chain data is now made more accessible for everyone, especially for traders and large-scale companies. This application allows careful analyses of wallet labels, on-chain data points, and several entities presented on the dashboard without requiring technical knowledge.
In addition, Nansen.ai also serves as a consultation software where traders can consult before making investments, preventing losses and allowing more profit. In this blog, let’s learn about Nansen.ai and its future in the world of on-chain data and wallet databases.
What is Nansen.ai?
Nansen is an innovative way to analyze data from the crypto ecosystem. The on-chain information combined with millions of wallet labels makes it possible to see patterns and act upon them in real-time. Additionally, Nansen allows traders to easily access their data through user-friendly dashboards, APIs, or direct SQL queries.
In simple words, Nansn.ai serves as insider information about NFTs and other on-chain data, allowing you to understand it better. Since its creation in 2019, Nansen.ai has been the trusted analytics and data provider for Ethereum.
Key Features of Nansen.ai
Nansen.ai contains unique features that distinguish it from similar software and applications. Additionally, these features are exclusively created by the team of professionals in Nansen, so you cannot expect to encounter them with its competitors. Check them out below.
Track Flow of Funds
One of the best features of Nanse.ai is allowing careful analyses and monitoring of more than 70M labeled wallets. This allows all users to fully understand the context they need about stable coins, Ethereum, and tokens. Tracking the flow of funds also allows you to get an executive summary of how your funds are moving.
Additionally, if you love the attention to keen details, Nanse.ai allows transaction tracing down to the granular level.
Monitor Token Traction
When investing in cryptocurrencies and NFTs, monitoring everything is important to prevent mishaps and unlikely errors that can cost you losses. Nansen.ai allows careful tracking of token teams, exchanges, and funds. This lets its users precisely see which specific entities are moving or accumulating or which specific token is selling.
In addition, your dashboard on Nansen.ai also allows you to track token metrics on engagement, usage, and liquidity. These metrics can help you make informed decisions when looking to invest in a brand-new token.
Analyze Anonymous Address
A special feature of Nansen.ai is being able to analyze anonymous addresses, allowing access to various tools. These tools are indeed helpful in enabling safe navigation across different wallets.
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How It Works
Nansen.ai has been used in various NFT research. This allows more users to find more projects for minting, smart money following, and determining how strong or weak a certain NFT project is. You will be directed to the application’s home page upon logging in. Click the “More” button on your screen’s upper right-hand corner, select NFT, then click NFT Paradise.
The Market Overview shows you the market caps and volume during the last 24 hours. You can also see the top 10 NFT projects and their current performance and volume. Basically, the market overview serves as a chart that allows you to determine what’s currently hot and trending and what’s not.
Overall Profit Leaderboard
The overall profit leaderboard lists all current addresses and ranks them based on the number of profits generated. Viewing the leaderboard allows you to determine how certain collectors are performing on a daily basis.
Smart Money Buys
Smart Money Buys gives you a real-time update of what current buyers are looking for and buying in the market. During this time, what’s happening is already more than minting. So, you can see what they are actually buying, what projects are currently being bought, and in what volume buyers are buying.
Nansen.ai Price Points
Should you want to try out and see the dashboard overview of Nansen.ai, you can subscribe to the Lite plan. It’s free and allows you to utilize the following features:
- Access to look at the dashboard
- Stablecoin Master
- 5 Watchlist items
- NFT Indexes
- NFT Paradise with trends and overview tab
However, if you are willing to pay, you can choose among the three plans Nansen.ai offers. This includes Standard, VIP, and Alpha. Additionally, you can enjoy a 10% promotional discount when you purchase the plans at their quarterly rates and up to 22% at their yearly rates.
Priced at $149 a month, the Standard plan allows dashboard accessibility with current on-chain data, allowing subscribers to monitor real-time events on the blockchain. The following are its features:
- NFT dashboards
- Token God Made
- Smart Money
- Wallet Profiler
- Stablecoin Master
- ETH Tracker
- DEX Trades
- 3 Custom Smart Alerts
- Several supported chains
The VIP plan is priced at $1490 monthly, and it unlocks Nansen’s powerful dashboards while gaining access to several features you can customize. Aside from that, you get all features in the Standard plan plus the below:
- Early access to new and updated features
- Downloadable CSV Data
- Hot Contracts
- 100 Custom Smart Alerts
Nansen’s Alpha plan is the most expensive, priced at $3,000 monthly. However, you can only subscribe to this plan when you avail of the quarterly and yearly rates. With the Alpha plan, you can follow and monitor smart money in real-time and join a private community simultaneously. This community lets you interact with some of crypto’s most prominent investors.
You can enjoy all the features in the VIP plan plus the following:
- Join a private discord community
- War room calls
- Exclusive reports and insights
- Free workshops on various topics of interest
- Introductions to different early-stage projects
The advantages of Nansen.ai are pretty straightforward. It’s a unique application that allows proper analyses of various wallets and supports several tokens and stable coins. Additionally, this application’s user interface is simple and interactive, making it easy for the novice in the industry to grasp how it works easily.
With this software’s user-friendly interface, more investors in cryptocurrency are beginning to rely on Nansen.ai to track various tokens and NFT projects. In this way, it becomes easier for them to determine which area to invest in.
Competitive Alternatives to Nansen.ai
While Nansen.ai is a unique application offering features you cannot find in other competitors, it’s still nice to know what alternatives are available. This knowledge allows you to easily compare and contrast the software, leading you to make a more informed decision before investing.
A market intelligence platform is Santiment, used mainly for cryptocurrencies. This application focuses on reliable and clean data feeds, custom market analysis, and low-latency signals. Additionally, Santiment also allows leveraging social, development, on-chain, and several other data sources.
LunarCrush utilizes machine learning and artificial intelligence to allow precise cryptocurrency data analysis. It gets information from various sources, revealing valuable insights users can use to create data-driven and confident trading decisions.
CryptoQuant delivers on-chain and market data through API or straight into R, Python, Excel, and other tools. It’s a time-efficient and cost-saving software that allows you to obtain the desired data in the format you prefer.
The Future of Nansen.ai
Nansen.ai is a startup that offers an interface and database for exploring Ethereum wallets and their data. It was created in order to make the data more accessible to traders, analysts, and anyone who wants to explore the blockchain. The company plans to expand its services by incorporating other blockchains soon.
In the comments below, let me know whether you have tried Nansen.ai and how the experience was for you.
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