If trying to leverage the billions of on-chain data points of your preferred blockchain network seems like a lot of work, there is a platform for that, and this review from Nansen will give you the critical information you need to use it effectively.
Nansen aims to be the go-to place for smart data and deep analytics. The tools this platform provides can help you discover the next big tokens, track “smart money” trades, and even explore the nft ecosystem in details you never thought possible. Let's delve into the details.
What is Nansen?
Nansen is a cutting-edge blockchain data analysis platform using advanced technology artificial intelligenceor ai, to instantly and effectively transform raw crypto transaction data into clear information for cryptocurrency enthusiasts. The platform collects massive amounts of on-chain data from multiple networks simultaneously and then transforms, organizes and interprets it through easy-to-use dashboards.
Launched with a focus on transparency, service seeks to eliminate guesswork through labeling walletsidentifying high value traders and offering signals that highlight emerging opportunities.
Nansen also offers highly specialized tools such as Wallet Profiler, nft Paradise and Smart Money trackers. These features were designed to help you analyze every move top traders make and see the corresponding changes in volume and price movement.
Together, these features also help you discover promising tokens before they reach mainstream attention, analyze how top traders operate, and see changes in volume or price movement. Whether you're drawn to gaming projects, nft market activity, or token analysis, Nansen has tools to help you streamline and simplify the entire process. The platform maintains a strong focus on providing deep data coverage for merchants seeking a competitive advantage.
How to use Nansen?
Getting started with Nansen involves creating an account, choosing a subscription level, and connecting your preferred wallets or networks for analysis. Once inside, you'll find dashboards showing detailed metrics on token movements, wallet labels, and transaction histories. If you are 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 graphs and charts that highlight key data points, plus filters to drill down to 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 information about collections, allowing you to quickly check minting dates, sales 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 portfolios believed to belong to highly successful traders, early investors, or influential entities. By examining these wallet tags, you can see how experienced professionals allocate funds, discover new tokens before they rise, 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 cryptocurrency market is headed.
When you open Nansen's Smart Money dashboard, you'll find a collection of addresses labeled with transaction histories, recent token swaps, and general portfolio changes. You can check how frequently they move funds and whether they buy or sell specific assets. The platform's system identifies the best performers by analyzing historical performance and on-chain activity. For example, if a well-known wallet suddenly purchases a lesser-known coin, Nansen alerts can signal a potential opportunity.
By using the Smart Money tool, you are basically cloning research from high-conviction traders who invest with detailed knowledge of the market. It won't guarantee success, but it can offer you valuable clues for your own trading and investment decisions.
Nansen Products and Features
For those interested in on-chain money flows, Smart Alerts can notify you when specific wallets or tokens meet criteria you set, like a whale buying a new token. And if you want to track personal crypto performance, Nansen's portfolio dashboard consolidates your holdings across multiple chains, allowing you to view gains, losses, and asset allocations in one place.
<img loading="lazy" decoding="async" class="alignnone" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXewANlthw2HLTleRdNHXVKsWzAJIY2vtT0P0mzTLIT41eesT4P8N7QLsGKqfp-x-2s3_3di5DhAIKb1ySveEkXH419o2S0f_lU4ZmNqPVvumrTwk0nmOvfeoA4MSdH7rRVij7x2VQ?key=xugNJk3ywg9lNTxgaPl6Grgi” alt=”Nansen Products and Features” width=”1352″ height=”596″/>
The Wallet Profiler tool allows you to 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, price floors, and trends that can guide buying or selling decisions. Another highlight is nft God Mode, which dives even deeper into a project's historical data and user engagement metrics.
Nansen Subscription Package
Free plan
- ai-powered intelligent search for on-chain data
- Basic on-chain signals about major market movements
- Basic wallet and entity analysis to view holdings and activities.
- Basic Token and nft Analysis to Spot Trends
- Customization features for a more personalized experience
- See the performance of the multi-chain ecosystem on various crypto protocols
- Manage up to 45+ EVM and non-EVM chains through Nansen Portfolio
Pioneer Plan: $99/month (cryptocurrencies accepted)
- Everything Free, plus:
- Nansen Labels for more than 300 million addresses in more than 10 chains
- Deeper insights into Smart Money trades, trends and portfolio movements
- Improved signal chaining, including refined signal filters
- Advanced analysis of wallets, entities, tags and segments.
- Expanded access to token and nft analysis
- More customization features for optimized use
- Advanced filtering of tables by custom labels, segments and Smart Money
Professional Plan: $999/month (cryptocurrencies accepted)
- Everything at Pioneer, plus:
- Full access to all Nansen features for complete information
- Unlimited customization to personalize the Nansen experience
- Institutional-grade research into 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
- Multiple seat discounts are available for teams of five or more
- Annual subscribers can join the Alpha Community for exclusive benefits
Is Nansen legit and worth it?
The platform's transparent approach to labeling wallets and interpreting data has gained a loyal user base among both retail traders and professional investors. 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 his trading and research style. If you value immediate signals on emerging tokens, real-time whale tracking, or in-depth analysis of the nft market, you may find it invaluable. If the cost itself may be a barrier, there are promo codes that can help you reduce the cost of your subscription by almost a quarter.
Frequently asked questions
What is smart money?
Smart Money refers to wallet addresses identified as influential or high-performing investors, funds, and entities in the crypto space. Through deep analysis of your trading habits, Nansen helps you follow market movements and discover new opportunities that casual observers often overlook.
What is Nansen 2?
Nansen 2 is an updated version of the platform, featuring improved dashboards, faster data processing, and refined wallet tagging. It aims to provide more detailed information, covering additional strings and expanded functions designed to improve user experience and data accuracy.
How to get wallet labels?
Nansen's system automatically assigns wallet tags based on on-chain behavior and transaction history. This means that these tags are not created by users, but are created by the Wallet Profiler tool. If you have a subscription, you can use these tags to help you identify whales, exchangesor other major market players.
Can I use Nansen for free?
While there is a free version of Nansen, it has relatively limited tracking and visibility capabilities and is more for understanding how various features work than for ongoing free use. Get your feet wet with the free version, and when you're ready, upgrade at a discount with a promotional code for 23% discount.
Nansen: Save 23% Promo Code
