Nansen considers a wallet to be “smart money” if it is “historically profitable,” meaning it meets at least one of several conditions, including: making at least $100,000 by providing liquidity to decentralized finance (DeFi) protocol, SushiSwap and Uniwap, excluding so-called impermanent losses; having at least more than or equal to five times in realized profits on multiple non-fungible token (NFT) collections that were minted in the last 60 months or having made multiple trades on decentralized exchanges in a single transaction that are profitable.
Related posts
-
Ripple Moves Big Money, RLUSD Sees Distribution, XRP Holds Key $2 Support
Ripple’s XRP has managed to maintain its position above... -
No Middleman, No Problem? What 2025 Holds for Decentralized Exchanges
HodlX Guest Post Submit Your Post In 2024, DEXs (decentralized exchanges) snagged a greater portion of... -
Ethereum Smart Contracts Are Being Reimagined by Lightchain AI Ecosystem
PRESS RELEASE. Lightchain AI is making waves in the...