Nansen Expands Blockchain Analytics with 300M Wallet Labels
2min read Nansen, a blockchain analytics platform, provides real-time visibility of on-chain activity. Established in 2019 and headquartered in Singapore, Nansen enriches blockchain data by labeling millions of wallet addresses, allowing users to track and analyze crypto transactions easily. The platform supports over 12 blockchains, including Ethereum, BNB Chain, and Base, and labels over 300 million wallet addresses. This enables users to monitor exchanges, funds, and institutional investors’ activities.
Nansen offers several key features, such as Smart Alerts, which notify users about major on-chain activities, and Token God Mode, which provides in-depth analytics on specific tokens. Additionally, the platform includes dashboards like Exchange Flows and nft Paradise, delivering insights on token flows and NFT market dynamics. The platform is owned by its founders and investors, with Alex Svanevik serving as the CEO. The company is backed by venture capital firms such as Andreessen Horowitz, accel, and Tiger Global.
Nansen works by monitoring on-chain activity with millions of wallet tags, tracking decentralized exchange (DEX) trades and transactions to analyze total profit and loss (PnL). All Ethereum Virtual Machine (EVM)-based chains, including Ethereum, Base, and Arbitrum, are automatically grouped, providing an end-to-end view of performance across the entire EVM ecosystem. Solana activity is tracked separately, allowing users to identify leading dApps, new projects, and other key data points.
The platform offers several advantages, including personalized wallet labels, real-time on-chain data tracking, a PnL dashboard, cross-chain insights, and smart alerts. However, it also has its drawbacks, such as a high price for full features, a complex interface for new users, and a heavy focus on EVM chains. Nansen’s pricing ranges from a free plan to a professional plan costing $999 per month, with varying levels of access to on-chain analytics tools.
Nansen’s best features include NFT Paradise, Nansen 2, Nansen Portfolio, and Nansen Alpha. NFT Paradise provides an overview of the NFT market, monitoring thousands of NFT projects from multiple networks simultaneously. Nansen 2 offers faster data processing and a more user-friendly interface, enhancing every feature. Nansen Portfolio allows users to track their crypto assets across different chains and protocols, while Nansen Alpha is an exclusive membership club designed for advanced crypto investors, providing customized research reports and insights.
To use Nansen, users need to create an account, explore the dashboard, analyze on-chain data, set up alerts, and personalize their experience. The platform’s Smart Money tool allows users to track smart money trades, token movements, and wallet activity in real time. Additionally, users can participate in Nansen’s crypto airdrop by connecting their crypto wallet and staking supported tokens on the Nansen staking platform.
Nansen’s comprehensive suite of tools and features makes it a powerful platform for tracking smart money and managing crypto portfolios. Its real-time on-chain data tracking and personalized wallet labels provide users with valuable insights into the crypto market, enabling them to make informed investment decisions. However, the platform’s high cost and complex interface may be a barrier for some users. Overall, Nansen is a robust blockchain analytics tool that offers a range of features to help users navigate the complex world of cryptocurrency.
