Nansen adds support for BNB Chain NFTs

Nansen adds support for BNB Chain NFTs

Nansen adds analytics support for BNB Chain NFTs!

GM Nansen explorers!

Nansen is thrilled to announce NFT support for BNB Chain! 

Like on Ethereum, many of these dashboards are available for FREE for our Nansen Lite subscribers! The list of dashboards included in this release are NFT Paradise (Market Overview & Mint Master), NFT God mode, NFT Item Profiler and Market Trends. This coverage will enable users to discover opportunities, perform due diligence and make strategic decisions when investing in BNB Chain based NFT projects. 

Let's briefly go over the various dashboards, what kind of data you can expect to see from them, as well as interesting data that we have on the ecosystem! One thing to note is that currently, we only offer support for NFTrade, Element marketplace and track minting activity. (Pro tip: Want a specific marketplace to be added? Submit a feature request on our site and if it gets enough upvotes, we’ll prioritize the integration.)

NFT paradise

Think of NFT paradise as the CoinGecko for NFTs where you can get an overview of what’s happening in the market in the last 24 hours. There’s 2 main tabs for NFT paradise - Market Overview and Mint Master.

Market Overview

The first dashboard you’ll come across is “24H NFT Market Overview” which allows you to get a good overview of which collections are popular based on trading volume, market capitalization of the collection, the average price of the NFTs, number of wallets that interacted with the NFT contract and how old the NFT collection is. The second dashboard is the “Top 5 Collections” dashboard which shows you the trading volume of the top 5 NFT collections over the last 24 hours.

At the bottom of the page we have the “Profit Leaderboard” dashboard which showcases the performance of the top NFT traders on the network. We give you a breakdown of their performance on the dashboard and you can do deep dives on their trades and wallets via our Wallet Profiler tool.

Interested in checking out the dashboards out yourself? Sign up for a free Nansen account now!

Mint Master

Mint master helps surface the signal for new NFT drops and is available for our standard tier subscribers. In crypto it literally pays to be early and this dashboard gives you the opportunity to be early to popular projects that people are excited about.  We highlight the mint volume and FOMO level of the NFT to allow you to uncover the best new drops in the space. 

Similar to the profit leaderboard in the “Market Overview” tab, Mint Master comes with its very own Minting Leaderboard. The dashboard showcases the wallets that have made the most profit from minting and how much they have spent on minting. This allows you to know which wallets are at the top of the game and you can keep track of their wallets on Nansen to see what new projects they’re minting. 

NFT God Mode

NFT God Mode offers collection level data and the “Overview'' tab is also available for our Nansen Lite subscribers. The “Breakdown”, “Hodlers”, “Trades” and “Related Collections” tab are available for our standard subscription users. Each tab focuses on showcasing various important data points such as changes in wallet balances, seniority distribution, hodler activity and popular collections among holders of the NFT. Below are some of the various dashboards that we have across the different tabs.

NFT Item Profiler

NFT item profiler gives you an overview of the transaction history for the NFT and the trades over time. This allows you to do individual NFT level analysis and deep dives. This dashboard is available to our standard tier subscribers!

Market Trends

Ever wanted an overview of how the BNB NFT market is doing? The market trends dashboard has got you covered. This dashboard allows you to get a sense on how the market is performing and the level of user activity and interest. Year to date BNB NFTs (NFTrade, Element & Mint activity) have had a total of 1.18M BNB in trading volume across 507K unique wallets. 

Users peaked during the week of 27 December 2021 with ~32,980 users minting and 5,021 making trades on NFTrade. Transactions peaked about 2 weeks later on 10 Jan 2022 with 67K mints, 1,828 trades across NFTrade and Element. We typically see activity peak during 2 periods of the day 10:00 - 12:00 hours and 07:00 - 10:00 hours UTC timing.

NFT projects with +10 sales per week and +100 sales per week have experienced distinct growth over time, increasing from 34 and 10 projects respectively about a year ago to 191 and 58 projects currently. 

Conclusion

The BNB Chain NFT ecosystem is a growing one and definitely one that we will be keeping an eye on. It’s often difficult to separate hype from quality in the NFT space and on-chain analytics can help surface the signal from the noise.

Sign up for a Nansen Lite Account and start exploring today!

Head to nansen.ai for more crypto news

Sign up now for free

You will hear from us soon!
Error!

Join our Discord and get exclusive strategies

I'm in