The most complete guide about Nansen AI with one infographic
👴The one who masters it, imho, is the one outperforming 95% of traders in the market, no matter if it's a bullish or bearish one.
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Let's dive into it!
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@nansen_ai is an on-chain analytic platform that provides insights into token movement and market momentums, helping investors and researchers navigate through the complex crypto market.
2️⃣ The platform contains an ocean of on-chain data, and for beginners, this could be overwhelming.
I present to you the most powerful and useful tools for everyday research and will potentially position you with an aping chance before everyone else.
My view is that Nansen provides users with three layers of information from knowledge bases to actions: Info Layer, Flow Layer, and Action Layer.
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📖Module 1
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🌎 Info Layer
The layer serves as an overview of what happens in the last 24 hours (or 7 days or 30 days). Within 5-10 minutes, you will have confidence about the current market sentiments, buyers interests, etc.
Modules to be focused on
🤖 [AI Signal]
⏲️ Estimated time to explore: 2-5 minutes.
In real-time threads, it pushes the most significant events happening in 20 chains. Just a little scrolling down, and you will get an idea of what to look at next.
■ Token movement: inflow into a new token launched recently, outflow from a token with 30 days of age, etc.
■ Smart wallet flows: a collective buying trades of a token among smart traders, etc.
⛓️ [Chain Growth]
⏲️ Estimated time to explore: 2-5 minutes.
A comprehensive view of on-chain activities across 20 chains. The more hyped chain means more opportunities to spot a moon token.
■ Comparison of key metrics: you may want to sort chains by different metrics, such as the number of active addresses, total fees generated, etc.
🔍 [Token Screener]
⏲️ Estimated time to explore: 5-10 minutes.
Your AI signals and Chain growth have informed you of where the hype is. Screener can pinpoint what hot tokens people are actually trading right now in real-time. This is by far one of my most favorite tools: I already made good gains by spotting early trends in tokens such as
$MIXIE, $CLANKER,
$DIZZY. What does it bring on?
■ Identify tokens with huge momentum potentials by the following metrics: trading volumes, Mcap (market cap), the number of smart traders, and net inflow by smart traders. Among these various metrics, I mainly focus on net inflow and the number of smart traders, which can point to a possible short-term profit opportunity.
📓 Note: if you have limited time, I suggest you to just focus on this tool.
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📖Module 2
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🌊 Flow Layer
This is where Nansen turns insights into actionable bases for you. You will get to know the best smart wallets on the chain you choose (possibly inferred from Chain Growth). You will also be able to evaluate a token of interest, possibly determined by Token Screener, holistically.
Your mindset is naturally flowing (transitioning) from the more general noisy information to the more specific one without all the disruptions.
Modules to be focused on
🧠 [Smart Money Dashboard]
⏲️ Estimated time to explore: 5-10 minutes.
Here you can explore very high-performance wallets on one of the 20 chains. If you don't know what to buy or watch, this is your go-to place. Learning by following the best-of-the-best traders in the market (top 0.1% out of 3 million wallets Nansen curates).
■ Sort wallets by PnL (profit and loss) over the last 7, 30, or 90 days or win rates.
■ Filter wallets by PnL, win rate, number of traded tokens, and/or number of trades.
🦅 [Token God Mode]
⏲️ Estimated time to explore: 15-20 minutes.
It provides all the information about a token, on top of all the stuff you can find at any trading platform. You can enter a position with an edge via couples of killer features of Nansen.
■ Token distributions and historical movements among important stakers, including smart wallets, public figures, top 100 holders, exchanges, and whales.
■ ✨ Use the Candle Inspector™️ to know exactly which smart wallets are buying before a local pumping or selling before a dumping.
📓 Note: on this layer, you may tend to explore too much. My suggestion is to time your exploration, as we need to turn insights and intelligence into actions.
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📖Module 3
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🏃Action Layer
This is when you start trading based on the info gathered or build up your customized labeling system (ref: 1).
Modules to be focused on
🎭 [Profiler]
So you decide to dig more into a smart address. Here is the go-to place for you.
■ Nansen Profiler: Bring up token god mode for any token of interest.
■ Wallet Profiler for Token: Understand when and how a wallet buys, sells, or holds a token.
■ Wallet Pair Profiler: Understand the relationships between two wallets. Ask the following questions, for example. Are the two wallets under the control of a smart trader? What are the token movements of these two wallets?
🏷️ <Labels and watchlists>
Nansen's powerful label system can be used to create identifiable names that are meaningful specifically for you. For example, if a wallet is really good at spotting early opportunities, some sort of "early sniper" label can be created for it. Then the wallets can be added to your personal watchlists by label types and/or other criteria you set.
■ This is the step preparing you to set up personalized alerts that can be triggered in real time.
🚨[Smart Alerts]
For any wallets or tokens, you can set up various real-time notifications for them. The alerts will be delivered to your Discord, Telegram, or Slack in a timely manner. As per
@ASvanevik (Nansen CEO), recent development has greatly reduced the latency of notifications and informs your trading decisions more swiftly.
What typically can alerts watch?
■ Whales moving large sums of a token or funds
■ A sudden flow of a token
■ A tracked group of smart wallets of a particular label making a move
🌩️[Smart Segments]
Too lazy to set up personalized alerts? No worries. Smart segments get you. They are essentially smart alerts curated by Nansen. This is one of my favorate features as well. Some of the use cases:
■ Get alerted when top traders in the last 7 days make moves. Again, Nansen already identifies the traders for me, according to their labeling algorithms.
■ Get alerted when a group of whales makes moves.
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📖Wrapper
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🔌Connections among Layers
The moves transition from Info, Flow, and Action Layers smoothly. However, by no means should you explore Nansen linearly as shown. As shown by the infographic, you can directly jump from AI signal to creation of a smart segment or from Token Screener to Profiler. Or you can start your day by directly going to check out Smart Money Dashboard.
The procedures do not matter; what matters are the moves that match your goals and trading styles.
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📔 I personally hope I could've learned Nansen years back before BTC pumping. But it is what it is. Focus on the ongoing deals.
By the way, different features come with different plans. The pioneer tier basically gives access to all the tools listed above with a $99/month subscription ($89 with a ref code or link). Seemingly pricey, but it will definitely be worth it if the tools are utilized properly.
Anyway, you can always start with a free version by signing up via
nsn.ai/0xjay .
If you want to upgrade to Pioneer later, here is my code for a 10% discount: 0xjay
❤️Thanks for reading if you have reached this far. Please let me know if you have any questions or thoughts about Nansen.
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Reference 1
x.com/0xjayfi/status/1936643…