5 Insights You Can Get Using Nansen for Free

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An often-overlooked aspect of Nansen is its free dashboards and tools that provide a wealth of insights for anyone actively participating in or monitoring the cryptocurrency landscape. These insights span various areas, including analyzing wallets, entities and tokens, portfolio tracking, Layer-1/Layer-2 performances, state of the NFT markets and more.

In this article, I will highlight five onchain insights that can be gleaned from Nansen's free dashboards and tools, helping you better understand the ever-changing crypto landscape.

Uncover the Complete Onchain Story of Any Wallet

Make informed decisions with a complete view of the onchain activity of wallets you care about. Nansen profiler allows you to easily analyze individual addresses and entities. Gain a comprehensive overview of a wallet or entity's historical holdings and token PnLs. You can also view the top counterparties for individual addresses and their transaction history. 

Understanding how the best in the space are positioning their portfolios and what they’re doing with their holdings gives you a better idea of potential strategies you can leverage to maximize your returns. Note: On the free tier, only a limited set of labels are displayed

Simply hit CMD + K, enter the name of any entity, ENS, or wallet address, and begin your analysis! 

Find Out Who’s Buying or Selling Your Favourite Tokens

Get a complete view of any token’s movement and its holders. Access critical onchain metrics and understand the behavior of token holders across various chains. Track significant trades, monitor large holder activities, and assess reactions to events as they happen. 

There’s no need to wonder or guess who’s buying and holding specific tokens, just check the chain using Nansen. The “Who Bought” widget gives you a quick overview of the largest buyers or sellers of the token in the last 24H our 7D time period.  

Hit CMD + K, type in the name of any token and start exploring!

Identify and Track Whales that Matter

Identifying wallets that matter can be crucial in spotting early opportunities, and securing winning trades. Smart Segments enables you to identify and label important wallets in seconds. 

Creating a Smart Segment is super simple. Input the conditions you want and it automatically identifies Ethereum addresses that meet them, labeling them accordingly. The list created is dynamic, constantly refreshing to ensure the list is up to date. Add them to your watchlist and monitor their onchain activities using Nansen Profiler. 

Hit CMD + K, search for “Smart Segments” and start creating!

Understanding the growth of NFTs and blockchain ecosystems

NFT Market

The NFT market has been extensively covered in the past two years, but gaining an accurate understanding of its state requires more than just analyzing trading volume and floor prices. To get a holistic view of the market, you need to factor in other key data points into your analysis, all of which can be found on Nansen’s NFT trends dashboard.

  • Does the data filter out wash trading activity?
  • Number of active wallets
  • Number of sales
  • Percentage of sales that were accepted bids
  • Number of new buyers and returning buyers
  • Number of active projects across 
Nansen’s NFT trends dashboard

Blockchain Ecosystems

​​On-chain metrics are vital to understanding the types of activity on various blockchain ecosystems and their overall adoption and growth. Nansen’s Chain Paradise contains an overview of key metrics of EVM chains supported on the platform. 

Nansen’s Chain Paradise

You can dive deeper into specific ecosystems for all the chains that Nansen supports and track important data points such as:

  • Daily active addresses
  • Daily transaction
  • 7D and all-time number of users by entity
  • 7D and all-time number of transactions by entity
  • Smart contracts deployed
  • Performance vs ETH

Link to individual dashboards: Arbitrum, Avalanche (C-Chain), BNB Chain, Celo, Ethereum, Fantom, Optimism, Polygon, Ronin, Solana, Terra. We’re constantly integrating more chains and if there’s a chain that you’re interested in, let us know!

Note: The amount of data shown and the layout of the dashboards may vary for different chains. We’re working on bringing every dashboard to parity with the Arbitrum, BNB Chain, Ethereum, and Polygon dashboards. 

Crypto and DeFi portfolio tracking

As the web3 space becomes increasingly multichain and DeFi continues to gain prominence, portfolio tracking has become more complex. To track token holdings, DeFi positions, and transactions across multiple chains and wallets, users often need to use multiple platforms and have many tabs open. 

However, with Nansen Portfolio, you can bundle multiple wallets and track holdings and DeFi positions across 47 chains and over 400 protocols. The 47 chains include but are not limited to Ethereum, Solana, Arbitrum, Polygon, BNB Chain, Bitcoin, Cosmos and Harmony. This makes it easy to monitor the crypto portfolio of any address, not just your own.

Source: Nansen Portfolio

On top of tracking holdings and staking positions, you can also view transactions on multiple chains across all the wallets in the bundle on the transactions tab. For the transactions tab, we have support for 11 chains and are working towards bringing it up to par with the overall product. 

List of chains supported in the transactions tab: Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Aurora, Moonbeam, Cronos, Moonriver, Optimism. 

Source: Nansen Portfolio

Wrapping up

Whether you’re interested in NFTs, tokens, DeFi, or the development of various blockchain ecosystems, Nansen’s free dashboards allow you to gain useful insights on things that matter to you. As the industry grows, utilizing on-chain data and analytics tools becomes vital to finding opportunities and doing due diligence.

Disclaimer

The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

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