Nansen is a blockchain technology analysis platform, and has quickly become one of the more obvious and most popular data network resources in the industry.

The platform is committed to combining data on the chain with a growing database including millions of wallet tags. The team shows the signals in blockchain technical data, obtains information, enriches and gathers information.

Nansen is also engaged in data engineering projects. They show usable information in a full range of in car dashboards, and cryptocurrency investors can show their easy-to-use views and draw conclusions more quickly.

In July this year, cryptopotato also had the opportunity to sit with us during the fifth session of ethcc held in ParisQiu libinandYang LijuanFrom Nansen. Elizabeth is the senior scientific research investment analyst attributed to the level, and Daniel is the scientific research investment analyst of Nansen afar team.

We discussed various trend topics, such as the current market situation, irreplaceable tokens, where the next round of hot spots will come from, and some exciting but not widely circulated details of Terra's defeat.

Track intelligent currency lending to identify trends

Nansen tracks ten different types of chains - most of which are compatible with EVM, Solana, Terra, and even the axie infinity network, an in car dashboard dedicated to ronin's customization.

They brought a lot aboutIrreplaceable token (NFT), users can track the NFT of blue chip stocks, such as data encryption punk style, boring ape and other little-known personal collections.

According to the information received, the price of new art related NFT projects also seems to change periodically, although sometimes it is different from BTC or Ethereum.

"I think from the perspective of history, NFT sometimes performs differently from Ethereum or BTC, such as the general sales market. Sometimes, even if the market performance is not very good, they may perform better. In a word, querying their NFT index value can well measure the market trend towards NFT."

About the probability of predicting future trends,The data on the application chain can help track the entry and exit of intelligent funds into the sales market.

"Smart money lending is either investors who have made huge profits in history, or funds and financial institutions active in the financial chain.

More or less, we generally follow such smart loans, because we are basically seed investors or private investors, who usually see the trend early. This is how we use this data to observe what large and medium-sized stock funds are looking at and what trends they are identifying. "

"Many large and medium-sized institutions gradually repurchase"

In the past few months, we have seen that many large enterprises, such as Celsius network (one of the largest institutions and retail lending institutions in the industry) and three arrows capital (the leading cryptocurrency financial derivatives 3aC), have broken their contracts because of too many levers and unreasonable risk control.

The paralysis of all Terra ecosystems caught many people, including the above staff, off guard, and caused all-round devastating damage - this event is known as "getting rid of the virtual to the real"

However, Nansen showed that other factors also contributed to the current bear market in the stock market.

"It is not only the large enterprises that are getting rid of the virtual reality, but also the macro situation and the widespread lack of confidence in some properties. All these contagion effects, such as the collapse of Luna and Tra, are at work and affect all sales markets.

In such an anxious situation in the market, even if the stock funds take profits, we can certainly see that the price has already fallen a lot. "

However, on a more positive side, Khoo said, "many large and medium-sized institutions are actually gradually re purchasing, which may be a good data signal."

In addition, comparing the current market situation with 2018, institutions may be an important difference.

"Even now, when the price has already fallen sharply, we do see the strong support of many large institutions, which have repurchased and held for a long time.

As early as 2018, institutional assets are likely to decrease, as will the assets of stablecoins prepared for deployment in advance. I think the main difference is that we now have higher consumption power, and many institutions can hold it for a long time. "

Terra's collapse: more than one physical line led to this attack

The collapse of Terra ecosystem makes the whole cryptocurrency community and even all science and technology fields feel in awe. This multi billion dollar project lost all its use value in less than a week, which is unprecedented.

So far, because many new projects have been harmed by this kind of infectious disease, we can still feel this kind of harm. One theory is that there is only one physical line to attack the stable currency of the University of science and technology optimization algorithm, pushing it under the hook. However, according to the data on the chain, Nansen claimed that this was not entirely appropriate.

"After fully mining the data on the chain, we found that this is not just a physical line. In fact, many wallets started deg. it is obvious that we don't know whether they are colluding or what his intention is."

The most important thing is to note that his intention may not be to deliberately rely on stable currency lending, "but to alternate when they specifically obtain some liquidity, leading to some imbalance in the capital pool."

"The second shocking thing is the discount of Seth chips for current trading, and when Celsius is forced to close its position.

As you can see, all this originated from the collapse of ust and Terra, which actually led to the situation of wagering transactions at promotional prices, because terra, Luna and ust are quite large project investments for such physical lines. "

However, on the bright side, we may have gotten rid of the contagion effect of the collapse, even if the sales market is likely to not get out of trouble. This is related to the termination of withdrawals and transactions by some cryptocurrency trading centers.

Nansen doesn't track data outside the chain, and describes such things as "a little scary", because we "can't see what happens in their book (read the article: centralized entity line). There is no doubt that something that can't be traced has happened behind it. Such things may not be completely completed, but we will eventually understand it."

Nansen's future

When talking about the future of Nansen, Yang revealed a lot of information about Nansen connect. Nansen connect is a messenger application that allows consumers with special NFT to connect with other NFT owners and add online chat rooms based on wallet tags.

"This is a very exciting function we recently announced. If there is a special label on the name - maybe you are a smart investor, smart money - you can also contact and chat with other similar people."

Nansen's goal is to expand its coverage and wallet identification by integrating layer 1 and layer 2 blockchain technology, and become an information super application of Web3.