If trying to harness the billions upon billions of on-chain data points of your preferred blockchain network seems like a lot of work, there’s a platform for that, and this Nansen review will give you the critical information you need to use it effectively.
Nansen is aiming to be the go-to spot for intelligent data and deep analysis. The tools this platform provides can help you discover the next big tokens, track the “smart money” trades, and even explore the NFT ecosystem in detail you never thought possible. Let’s dig into the details.
What is Nansen?
Nansen is a cutting-edge blockchain data analysis platform that uses advanced artificial intelligence, or AI, to instantly and effectively transform raw data from crypto transactions into clear insights for crypto enthusiasts. The platform harvests massive amounts of on-chain data from multiple networks simultaneously, then transforms, organizes, and interprets it through user-friendly dashboards.
Launched with a focus on transparency, the service seeks to eliminate guesswork by labeling wallets, identifying high-value traders, and offering signals that highlight emerging opportunities.
Nansen also offers highly specialized tools like the Wallet Profiler, NFT Paradise, and Smart Money trackers. These features were designed to help you analyze every move the top traders make and see the corresponding changes in volume and price movement.
Together, these features also help you discover promising tokens before they hit mainstream attention, analyze how top traders operate, and see changes in volume or price movement. It doesn’t matter if you’re drawn to gaming projects, NFT market activity, or token analysis, Nansen has tools to help you streamline and simplify the whole process. The platform maintains a sharp focus on providing deep data coverage for traders seeking a competitive edge.
How to Use Nansen?
Getting started with Nansen involves creating an account, picking a subscription tier, and connecting your preferred wallets or networks for analysis. Once inside, you’ll find dashboards that display detailed metrics on token movements, wallet labels, and transaction histories. If you’re curious about certain entities or projects, you can search by name, token symbol, or wallet address.
Nansen’s interface focuses on clarity. You’ll see charts and tables highlighting key data points, plus filters for drilling down into exactly what you need. For example, you can track the performance of certain tokens over time or see where top traders are reallocating their funds. Features like NFT God Mode reveal deeper insights into collections, letting you quickly check mint dates, selling trends, and floor changes.
How to follow Smart Money?
One of Nansen’s standout features is its ability to track “smart money,” a term for wallets believed to belong to highly successful traders, early investors, or influential entities. By examining these wallet labels, you can see how seasoned pros allocate funds, discover new tokens before they spike, or monitor large positions exiting certain markets. This level of transparency aims to separate noise from meaningful trends, giving you a data-driven perspective on where the crypto market may be heading.
When you open Nansen’s Smart Money dashboard, you’ll find a collection of labeled addresses with transaction histories, recent token swaps, and overall portfolio changes. You can check how often they move funds and whether they’re acquiring or selling specific assets. The platform’s system pinpoints top performers by analyzing historical performance and on-chain activity. For instance, if a well-known wallet suddenly buys into a lesser-known coin, Nansen’s alerts can signal a potential opportunity.
By using the Smart Money tool, you’re essentially cloning research from high-conviction traders who invest with detailed market knowledge. It won’t guarantee success, but it can offer valuable clues for your own trading and investment decisions.
Nansen Products & Features
For those interested in on-chain money flows, Smart Alerts can notify you when specific wallets or tokens meet the criteria you set like a whale purchasing a new token. And if you want to track personal crypto performance, Nansen’s Portfolio dashboard consolidates your holdings across multiple chains, letting you see gains, losses, and asset allocations in one place.
The Wallet Profiler tool lets you examine individual addresses for transaction history, token balances, and movement patterns. Meanwhile, NFT Paradise offers an in-depth look at NFT collections, highlighting trading volume, floor prices, and trends that can guide buying or selling decisions. Another highlight is NFT God Mode, which digs even deeper into a project’s historical data and user engagement metrics.
Nansen Subscription Package
Free Plan
- AI-powered Smart Search for on-chain data
- Basic on-chain Signals on major market movements
- Basic wallet and entity analytics to see holdings and activities
- Basic token and NFT analytics to spot trends
- Personalization features for a more customized experience
- View multichain ecosystem performance across various crypto protocols
- Manage up to 45+ EVM and non-EVM chains through Nansen Portfolio
Pioneer Plan – $99/month (Crypto Accepted)
- Everything in Free, plus:
- Nansen Labels for over 300 million addresses across 10+ chains
- Deeper insights on Smart Money trades, trends, and portfolio moves
- Enhanced on-chain Signals, including refined Signal filters
- Advanced analytics on wallets, entities, labels, and segments
- Expanded access to Token and NFT analytics
- Further personalization features for optimized usage
- Advanced table filtering by custom labels, segments, and Smart Money
Professional Plan – $999/month (Crypto Accepted)
- Everything in Pioneer, plus:
- Full access to every Nansen feature for comprehensive insights
- Unlimited personalization to customize the Nansen experience
- Institutional-grade research on key crypto trends and on-chain data
- CSV data downloads for deeper analysis
- Early access to newly released products and features
- Dedicated Customer Success Manager for priority support
- Multi-seat discounts are available for teams of five or more
- Annual subscribers may join the Alpha Community for exclusive perks
Is Nansen Legit & Worth it?
The platform’s transparent approach to labeling wallets and interpreting data has garnered a loyal user base among retail traders and professional investors alike. Many appreciate the depth of information, while others find new insights that would otherwise remain buried in raw blockchain records.
Whether Nansen is worth it ultimately depends on your trading and research style. If you value immediate signals on emerging tokens, real-time tracking of whales, or in-depth NFT market analysis, you may find it invaluable. If the cost itself might be a barrier, there are promo codes out there that can help you cut your subscription cost by nearly a quarter.
FAQs
What is smart money?
Smart Money refers to wallet addresses identified as high-performing or influential investors, funds, and entities in the crypto space. Through deep analysis of their trading habits, Nansen helps you follow market movements and discover new opportunities often missed by casual observers.
What is Nansen 2?
Nansen 2 is an updated version of the platform, featuring enhanced dashboards, faster data processing, and refined wallet labeling. It aims to provide more detailed insights, covering additional chains and expanded features designed to boost user experience and data accuracy.
How to get wallet labels?
Nansen’s system automatically assigns wallet labels based on on-chain behavior and transaction history. This means users don’t create these labels, they are created by the Wallet Profiler tool. If you have a subscription, you can use these labels to help you identify whales, exchanges, or other big players in the market.
Can I use Nansen for free?
While there is a free version of Nansen, it has relatively limited visibility and tracking capabilities and is more for getting the hang of how various features work, rather than ongoing free use. Get your feet wet with the free version, and when you’re ready, upgrade at a discount with a promo code for 23% off.
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