Profitable traders on Flow

    The investigation related to the profitable traders on the Flow blockchain has been done in this dashboard to determine and track the smart money through this blockchain in 2023.

    About Flow and smart money
    Methodology

    Flow Dapper protocol is a new blockchain for the next generation of applications, games and digital assets. It is a fast, secure and convenient protocol for blockchain developers. FlowDepper is designed to expand scalability without the need for sharding and process transactions quickly and at low cost, which is perfect for decentralized applications (Dapps) such as NFT markets and blockchain games. Flow uses a Proof-of-Stake (POS) consensus algorithm, which requires validators or approvers of transactions to stake a certain number of FLOW tokens in order to participate in the network.

    One of the most common terms that work a lot in the financial market and when investing in various assets, including cryptocurrencies, is smart money. In financial markets, this money is referred to as capital that is invested by experienced and knowledgeable people into a specific asset. These investors can be natural or legal persons (investment institutions, central banks or financial institutions). By gathering information and analyzing carefully, these people predict the market trend and get the most profit from different markets by properly managing their assets. This is the reason why many financial market activists believe that in order to identify a bull market and a bear market, it is necessary to identify the behavior of these people, whose decisions determine the direction of the market.

    It is possible to use the smart money index in all markets that have a high depth.

    The data provided by Flipside has been used to handle this analysis.

    This dashboard is divided into three major sections as below:

    1- Profitable NFT traders

    • Identification of profitable traders→ difference between the volume of sold and bought NFTs in the selected time period
    • when profit_usd>0 then 'Make profit' When profit_usd=0 then 'Neutral traders' when profit_usd<0 then 'Lost money'
    • Used metrics→ Distribution of profitable traders by net USD profit, Marketplaces used by most profitable traders, Top NFT collection popular among profitable traders, Share of whales among profitable traders, NFT hold time by these traders and most popular days of week that profitable trades trade on them

    2- Profitable Token traders

    • Identification of profitable traders→ difference between volume of sold and bought tokens in the selected time period
    • Metrics→ Like metrics for profitable tokens traders

    3- Track smart money on NEAR

    • Determine the bridged assets in/from Flow blockchian and identify the popular transfer pathways