Month in Review: September 2021

Published on:

October 14, 2021

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Hello Nansen Explorers!

Our team has been working hard in September and we are pleased to report yet another month of amazing updates, so without further ado, let's dive right in!

User Growth Metrics

This month has seen unprecedented growth and it would not have been possible without your support. Thank you to each and every one of you for being a part of the Nansen community, and helping us to improve day in and day out.

  • Nansen saw unreal user growth in September, growing our DAU 250% MoM compared to August.
  • We hit record growth in our ARR, almost growing 2x MoM
  • We continue to have positive reviews of the product with a Net Promoter Score (NPS) of 48

Product Updates

In September, we had a few major focus areas for product development including usability improvements, Smart Alerts, NFTs, Multichain support, and entities.

Usability Improvements

First, for usability improvements, we have filters in tables! This feature is unlocked for VIP and Alpha subscribers and allows for easy navigation of Nansen data within the app. Use it to find Notable Buyers under the NFT Paradise Profit Leaderboard, or search for collections in NFT Paradise, the choice is yours.

Filters are enabled on all dashboards!


Now, you can search for any project by name in the NFT God Mode dropdown and it will filter the results for you. Not sure what that one collection was called? Not a problem! Simply search any part of the NFT Collection name.

Last up in usability, we introduced the ability to right-click within the app. This lets you quickly navigate to dashboards and drill down into Nansen and go deeper down the rabbit hole to discover alpha. 

For example, if you click on the wallet address, you can decide if you want to go to Wallet Profiler, Top Depositor, or Top Recipients. 

No longer do you have to copy and paste addresses from one dashboard to another. The possibilities are endless!

Smart Alerts Now in Dark Mode

Our modern dark mode design is now available for Smart Alerts! We also released a highly requested feature from feedback.nansen.ai — this updated version of smart alerts now allows you to filter by custom tokens. 

With this new design, you can clone an alert which becomes very useful. Now you don't need to input your Discord/ Slack/ or Telegram handles anymore if you use this button. You can simply clone an alert and change the settings you need, besides the server URL. We are going to continue to focus on smart alerts next month so stay tuned for more coming up!

Nansen’s First Index

Next up, we released Nansen's first Index — the Bluechip NFT Index.

As Nansen becomes the 'Bloomberg of Crypto’, this type of macro information is the first of its kind and will be increasingly beneficial to our users. 

The index consists of 20 of the largest NFT projects selected per quarter where we show how they have changed over time from a volume and market cap perspective, the last 3 months and intra-day stats, and largest gains and losses in the given day along with all of the individual stats that incorporate the index. 

Also, our wallet profiler for NFTs has been updated with the following features:

  • Total portfolio value, based on the 24h median price
  • Liquidity risk profile, representing the likelihood of selling your NFT at the moment 
  • Breakdown of price estimation per project

New Blockchains Supported — Ronin & Fantom

When going into NFT Paradise, you will see Axie Infinity NFTs, sourced from the Ronin Network, now appear in-line with other NFTs on Ethereum. This is a great way to see the overall NFT market including Axies, which are so crucial to this space.

We’ve been releasing at least 1 new network in the past 3 months. And September continued that streak with the full support of Fantom and Ronin ecosystem support. We have so many chains now, that we created a whole new section in the navigator, called Multichain Overview

You can see Ronin-specific stats like volume, mints and burns, and daily active addresses. You can also compare Ronin to Ethereum and see how many wallets are on Ronin from the Ethereum network and how many are not new. Within the Multichain Overview, you can also find Fantom which has even more support including standard dashboards from our other chains such as Hot Contracts, Wallet Profiler, Token God Mode, and Smart Alerts. Labelled addresses on Fantom include popular projects such as Geist, SpookySwap and SpiritSwap.

Entity Billboard

Last but not least, we unveiled our Entity Billboard, which shows a high-level overview of the top 50 entities in the crypto ecosystem. 

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Entities are a great way to spot macro trends (DeFi vs NFT vs Main Coins). The billboard is sorted by the 7-day user percentage change, highlighting potential hot entities worth looking into, and displays the entity sector, users, smart money users, and transaction metrics. Top entities are displayed by transactions and users in the last 7 days.

We plan on extending this functionality in the future based on your feedback and by working directly with entities. 

Marketing Updates

Podcasts



On the Brink with Castle Island:Alex Svanevik (Nansen) on extracting signal from on-chain noise

In the Media

AMBCrypto

Coinbase’s latest partnerships could be first steps towards the ‘future of payrolls’

Business Insider

I'm a 25-year-old crypto millionaire. Here's what I use to make the best trades and stay on top of tokens before they trend.

Cryptobriefing

BSC Popular With Crypto Whales: Nansen Report

Cryptonews

Large Investors Are Behind Binance Smart Chain’s Rapid Growth: Nansen

Coindesk

Lido Dominates Booming Market for Ethereum 2.0 Staking Derivatives

Ether Tops $3.5K After Record Daily Coin Burn; Bitcoin’s Rangeplay Continues

Large Investors Are Behind Binance Smart Chain’s Rapid Growth: Nansen

Coinbase to Allow US Users to Deposit Paychecks Directly in Crypto

DeversiFi Says User Funds Are Safe After $23.7M Gas Fee Blunder

Cointelegraph

Coinbase users can choose to deposit paychecks directly to accounts

CryptoSlate

Why Binance Smart Chain and PancakeSwap remain an important part of DeFi

Decrypt

How Nansen's Ethereum NFT Leaderboard Drives 'Smart Money' Flips

Forkast News

Binance Smart Chain one year on — from DeFi to NFTs and gaming

FX Street

Binance Smart Chain processed ten times more transactions than Ethereum, BSC growth fueled by whales

Investing.com

Coinbaseが給与を直接口座に入金できる新機能を発表、法定通貨の入金コスト削減へ

The Block Crypto

Coinbase is rolling out a direct paycheck deposit feature for US users

Towards Uptober

We are continuously striving to improve our capabilities here at Nansen to make your experience as seamless as possible.

Looking forward to next month, we hope to have a few more updates ready for you, including:

  • More options added to the right-click dropdown feature
  • Added functionality for smart alerts and watchlists
  • Added support for more blockchains

As always, don’t forget to give us your feedback if you’d like support for a particular feature here.

About Nansen

Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallet labels. Crypto investors use Nansen to discover opportunities, perform due diligence, and defend their portfolios with real-time alerts.

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