Smart Money Stablecoin Index Updates

Published on

May 12, 2022

Tag:

Product Update / Release

mins

Darren Lim

Research Manager

We've made some improvements to the Smart Money: Stablecoins vs All Coins chart in order to provide more color on the macro environment from a Smart Money perspective. We detail them in this article.

Hello there Nansen Explorers 🧭,

Today, we're excited to announce a few updates to Smart Money: Stablecoins vs All Coins chart! With these new updates, we aim to provide a clearer picture of where does smart money stand and how stabled up are they. See what we've got in store for you below!

A more recent timescale

The chart originally started from Jan 2020. In order to keep things recent and updated, the Smart Money Stablecoin vs All Coins chart will now start from the first day of the previous year.

For example, if today is the 17 Dec 2026, the chart will start from 1 Jan 2025.

Improving how the chart is made

We made some improvements to how the chart is formulated on a daily basis. Now, the index is “fixed” when we look back into the past. For example, a 11.3% on 13 May 2021 is defined as such: For all addresses that have the smart money label on the 13th of May, what was their stablecoin holdings as a representation of their total token holdings? Note that we are considering an address’s holdings at that point in time, excluding what they have staked, collaterised or deposited.

Filter by segment

Using the Segment Drop Down - our users can now look at the smart money stablecoin graphs from different perspectives. For example, you can compare All Segments VS Funds to gain a more nuanced understanding of how different traders are feeling about the macro market.

Source: https://pro.nansen.ai/smart-money/holdings

ICYMI - Our Recent Smart Money Research Report

We have just launched a Smart Money Research Report here, which is an overview of Smart Money and how it can be used for trading. For our higher iq friends - check out our quantitive report here!

What’s next?

We’re currently working on adding more information to the chart - such as the ability to toggle for ETH price. Let us know on Twitter or Canny if you have any other suggestions! See ya then 😉

Disclaimer:

March 2021 saw large balance variations coming from one smart wallet. We expect less extreme moves going forward as the number of mapped addresses and the balance of stablecoins strucutrally increase.

Disclaimer

The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

Tag:

Product Update / Release

Smart Money Stablecoin Index Updates