On-chain data in cryptocurrency can be difficult to track, given its complexity. At the same time, this data can provide great trading opportunities for those who can understand it.
Nansen aims to simplify the process, making this data understandable to everyone. The cryptocurrency platform analyses billions of on-chain data points, millions of wallet labels, and thousands of entities to present information simply.
The platform was named after Fridtjof Nansen who was an explorer, scientist, diplomat, and humanitarian. It was founded in 2019 with the aim of becoming a leader in providing data and analytics for Ethereum.
Nansen allows traders to make better choices before investing and thus predict losses and profits more accurately.
Nansen allows users to access this data through its user-friendly dashboards, direct SQL queries, or APIs.
Nansen looks at roughly 70 million labeled wallets to help its users understand the flow of Eth, stablecoins, and tokens. Details for transactions can be studied down to the byte level.
Nansen’s metrics regarding usage, engagement and liquidity allow its users to see exactly which entities are accumulating or selling a specific asset.
Nansen uses a variety of methods to label wallets, including:
- Heuristics and algorithms
- Smart-contract parsing and analysis
- Investigations and research by our team
- User submissions
- The interplay between these sources
99% of these labels are algorithmically inferred.
Nansen, however, doesn’t offer any free plans, and their plans range from $149 to $2500.
Despite the price, there’s no doubt that access to this level can help give traders an edge by allowing them a comprehensive view of how the market will move. Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with its real-time dashboards and alerts. Nansen is currently the best on-chain analytics tool available on the market.
Protecting Your Cryptocurrency And Staying Safe on Nansen
Cryptocurrency and the blockchain stand to be a major driving factor in the technology of the future. However this popularity has attracted an element of cybercrime. There are several tools internet users should use to increase their online protection. One of these tools is SaferNet.
SaferNet is the perfect solution to the cybersecurity issues that individuals, families, and businesses face today. It not only connects every device using a secure, 24/7 always on, military grade VPN, but it also stops outside cyberthreats, malware and viruses as well. On SaferNet, all users are protected anywhere in the world, all the time, on any cellular or Wi-Fi network. In addition to SaferNet’s VPN and cyber protection, it also offers a range of employee or parental/family internet controls including internet filtering, monitoring, scheduling, and blocking access to websites or even entire website categories
Typically, a user would need 3 separate services for a VPN, Malware Protection, and Internet Controls; SaferNet offers all 3 features in one service. SaferNet truly is an endpoint security presence that can be implemented in minutes around the world, on phones, laptops, tablets, and computers at an economical price point that caters to all internet users. SaferNet guarantees a smooth setup and installation process that takes only minutes, and an easily accessible control hub for you to monitor all your employee’s or family members devices; including activity, time spent online, and threats blocked.