Nansen AI Launches OnSight to Deliver Crypto Trading Signals

The blockchain data company Nansen has launched a new AI-powered trading tool called OnSight. Which is an AI tool used for crypto trading that can analyze more than 500 million labeled wallets. It also helps the users understand on-chain data better while helping them decide when to buy and sell. This is set to start off with Solana and Base and allows direct trading on both of these networks.

Nansen is a blockchain analytics company that was founded in 2018 and became known for its tracking wallet activity. A lot of traders already use it for tracking. Now with the new tool, Nansen is heading into the real trading space too. 

How OnSight Works

OnSight uses data from more than 500 million labeled wallets, such as whales, exchanges and funds. The AI then studies how these wallets move the tokens on the blockchain. Thereafter the tools create buy and sell signals based on the real activity. It keeps an eye on when big investors move any funds and helps to spot trends early. 

Also, on Solana and Base, the users can directly trade through the platform. Not having to switch between apps, thus helping to save time. 

Making Smart Money Data Easier in DeFi

Nansen already has Smart Money dashboards. They show how the traders with experience work on-chain. But, users still had to check the data by themselves. 

So OnSight changes that. The AI is the one to explain the data and change it into clear signals. Making advanced blockchain data easier for everyday traders to use. 

Benefits and Risks for Retail Traders

A lot of users are leaning towards a positive side. Stating that OnSight can help retail traders to fairly compete with institutions. Since the tool gives access to data that was difficult to find before. It also doesn’t need a lot of technical knowledge.

Still, there are some traders who say that it could be a risk. Warning that if a lot of users follow the same signals, prices might move too fast. Thus increasing the volatility and triggering fast price movement. 

A Step Forward for AI in DeFi

Nansen AI launching first on Solana and Base is a pretty smart move. Since it is two fast-growing and well known networks with a lot of activity. 

OnSight shows us how crypto trading is forever changing with the latest additions. Furthermore, AI doesn’t just watch the market anymore it helps to trade too. So as Nansen adds more blockchain tools like Onsight can make a big change in DeFi trading.