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GM Nansen explorers!
Nansen is thrilled to announce NFT support for Avalanche C-Chain!
Like on Ethereum, the majority of these dashboards are available for FREE for our Nansen Lite subscribers! The list of dashboards included in this release are Market Trends, NFT Paradise (Market Overview & Mint Master) , NFT God mode and NFT Item Profiler. This coverage will enable users to discover opportunities, perform due diligence and make strategic decisions when investing in Avalanche-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 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.)
Market Trends
Ever wanted an overview of how the Avalanche 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 Avalanche NFTs have had a total of 2.34M AVAX in trading volume across 99.8K unique wallets.
Users and transactions per week peaked during the week of 10 Jan with 9,399 users minting 26,582 NFTs and 6,560 users making 15,637 trades on NFTrade. We typically see activity peak during 20:00 - 22:00 hours UTC timing daily suggesting that this is the time period with the highest liquidity in the market.
NFT projects with +10 sales per week and +100 sales per week have experienced distinct growth over time, increasing from 4 and 2 projects respectively about a year ago to 61 and 17 projects currently.
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.
The dashboards mentioned above are available for FREE for our Nansen Lite subscribers!
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. We do not have Smart Money labels for Avalanche at this moment but will be adding them in the future.
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!
Conclusion
The Avalanche 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.
