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) protocal, SushiSwap and Uniswap, 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 profitble.
