Try Quests to earn SOLSolana - 4. The Solana Smart Money
Create a dashboard that tracks the most profitable traders on Solana (both in terms of token swaps and with NFTs). Use parameters to help define who falls under the category of most profitable and over what timeframe. What has "smart money" been doing on Solana over the past month? Over the past week? Are they active traders or do they hold positions for days at a time? What projects have yielded the most profit for Solana traders? Are there any indicators of what their next trades or strategy will be? How does your dashboard compare to Hellomoon's smart money inflows and outflows?
✨Introduction
The Solana Trading Dashboard provides information about the trading activities of top traders on the Solana platform. This information can be used to identify profitable trades and understand the strategies used by successful traders. The dashboard tracks token swaps, which are transactions in which one cryptocurrency is exchanged for another, and NFTs, which are non-fungible tokens that represent unique digital assets. By monitoring these trades, the dashboard provides valuable insights into the Solana trading ecosystem.
The dashboard displays metrics such as profits and losses, trading volumes, and holding periods. This information can be used to evaluate the performance of traders and identify trends in the Solana market. The dashboard also allows users to compare smart money inflows and outflows in Hellomoon, which provides a better understanding of the market sentiment and trend.
Overall, the Solana Trading Dashboard provides a comprehensive view of the Solana trading market and is a valuable resource for anyone looking to make informed trades in the Solana ecosystem.
🛠️ Method
This dashboard is comprised of two pages that display NFT trading metrics and SOL token trading over the past month and the past week by day. The solana.core.fact_nft_sales and solana.core.fact_swaps tables are used to track the activities of traders and identify those who have generated the most profit through NFT trading and SOL token swapping. The dashboard initially identifies the top 100 traders based on their highest profits in these two areas, and then tracks their activities over the past 30 and 7 days. This information provides a comprehensive view of the Solana trading market and is a valuable resource for anyone looking to make informed trades in the Solana ecosystem.
Note: I set the above parameters to be changeable for the period of time assessing time and tracking the profit gained from a specific wallet address and holding time of your choice. The results are represented in the tables at the end of the pages.
✍🏻 Conclusion
This dashboard provides valuable insights into the trading activities of the top 100 most profitable traders on Solana over the past month and week. The data indicates that the most profitable traders on Solana are heavily involved in NFT trading, with most making between 500 and 6K SOL. A high degree of concentration is evident, with just a small group of traders controlling a large portion of the market's gains. The majority of these traders have a short-term trading horizon, with most holding tokens for 10 days or less. The most popular NFT projects among the top 100 traders are Mouns In Da House, Oak Paradise, and ABS.
It is not possible to determine the next trades or strategy of the traders based on this dashboard alone. The market is constantly changing, and conditions can shift quickly, so past performance is not always indicative of future results. This dashboard does provide a snapshot of the current state of the Solana market, however, and can be used as a basis for further analysis.
The dashboard provides a different perspective compared to Hellomoon's smart money inflows and outflows. The focus is on the most profitable traders on Solana, whereas Hellomoon's dashboard focuses on smart money inflows and outflows across all DEXs. The data provides a complementary view that allows users to see the current market conditions and trends on Solana specifically.
Hey there 👋!
Firstly, I appreciate you sticking with it until the conclusion.
I'm Hamed, a civil engineering Ph.D.
student interested in data analysis.
I've made many similar dashboards and visualizations since I started at Flipside in January.
Please take a look at my various contact details and let me know what you think.
About:
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Author: HaM☰d
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Discord: 0xHaM☰d#8391
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Twitter: @arjmandi_hamed
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Email: h_arjmandi2012@yahoo.com
⏳ Overview
Based on the graphs above, it appears that the top 100 NFT traders on Solana have made large profits, with most making between 500 and 6K SOL, while according to the PIE charts out of top 100 most prolefic NFT tedares, 84% of other traders gained less than 10 SOL profit.
The NFT market on Solana appears to be very active and lucrative. Short-term trading activity is also strongly indicated by the statistics, which next PIE chart demonstrates that the majority of traders only hold tokens for 10 days or less(37% less than 10 day and 38% 10 to 50 days). Compared to longer-term investing techniques, where tokens might be held for several weeks or months, this is a far shorter time horizon. In addition, just 6 wallets have gains of over 4K SOL, suggesting that traders' earnings are highly concentrated. This may indicate that just a small group of traders on Solana's NFT market possess the necessary knowledge and capital to make substantial gains. The investigation as a whole sheds insight on the ever-evolving and competitive character of the NFT market on Solana, where short-term trading tactics can provide sizable profits but where a few few traders control a disproportionately large amount of the market's gains.
The PIE chart below shows the top NFT pojects tarded by top 100 most profit addresses, as can be seen the Mouns In Da house and Oak Paradise are two most popular collection for top 100 NFT traders in terms of tx count and ABS is the most popular collections by the most profit volume.