The 12 best analytics tools for tracking NFTs projects in 2023

The Non-Fungible Token (NFT) market has recently attracted a lot of attention from the creative industry. According to a recent report, the market size has also grown at a CAGR of 35.27% and is expected to witness an incremental growth of USD 147.24 billion from 2021 to 2026.

Likewise, the enthusiasm surrounding NFTs continues to attract investors from all walks of life, while corporate organizations are showing increasing interest in the space. For example, weekly sales of NFTs have grown from 100 in 2017 to 15,000 or even 50,000 in 2022.

Amid growing public interest, several new NFT projects are being born every day that have the potential to change the future of the industry, or potentially destroy your portfolio. Why is that, you can ask. Keeping track of the best NFT projects, and those that might be scams, is never easy for anyone, no matter your expertise in the field.

Staying ahead and maintaining a profitable NFT portfolio requires tracking multiple events, from minting dates to project showcases and countdown auctions. Therefore, you need to use different NFT analysis tools; if these are in place, keep up with auctions, project launches, and market insights.

Nonetheless, we decided to compile some of the best analytical tools to help investors track various NFT projects in 2022. Alright, let's start the show!

Etherscan 

NFT traders often choose to mint directly on Etherscan to ensure they are minting from the correct contract. Etherscan allows users to scan the Ethereum blockchain for free. You can find previous transactions, wallets, smart contracts, and other details about Ethereum-based assets and transactions.

Users can also use Etherscan to learn more about transactions on the Ethereum network, from transferring coins to purchasing NFTs. The platform breaks down each transaction to reveal its characteristics, whether it is a simple transfer, loan, transaction, or any other type of activity.

Trait Sniper 

Trait Sniper is one of the most widely used NFT trading platforms with over 2 million monthly active users. The analytics platform also acts as a metadata sniffing tool, calculating the rarity of NFT collections as soon as they are discovered, opening up plenty of winning opportunities.

The platform enables easy and fast scanning of NFT collections. It can scan any number of NFT collections in as little as 30 seconds and display instant rankings. It's 95% accurate and can also set alerts to alert you to incorrectly scored NFTs.

BitDegree

Founded in 2017, BitDegree is an online research tool for NFT investors. It allows users to search thousands of collections of NFTs and analyze them using various metrics including blockchain protocols, sales, users, and transaction volume. The platform can also track and make recommendations for top-ranked NFTs based on market performance (i.e. demand).

BitDegree also has a dApp Tracker that allows users to explore, track and analyze all blockchain dApps. Likewise, the platform allows users to personalize their cryptanalysis process by stacking portfolios of items that they can monitor, set conditional events on, and track performance fluctuations.

NonFungible

NonFungible has the largest market database of blockchain games and crypto collectibles. It provides real-time project rankings, asset price developments, and advanced market analysis.

The platform also provides data on the blockchain collectibles and gaming markets, helping investors understand the market while building valuation models. NonFungible also allows users to compare similar assets to see if they are getting a fair price when buying or selling NFTs.

DappRadar

DappRadar is a free entry point for NFT collection and sale analysis. On this platform, you can find top NFT collections, top NFT sales, and top NFT marketplaces.

In 2020, they developed a portfolio tracker that allows users to monitor Ethereum wallets in real-time. Additionally, DappRadar allows users to directly view the volume, traders, and sales of each NFT collection. At the same time, users can follow the popularity of NFT collections and monitor their sales in real-time. At present, the platform has more than 500,000 monthly visits and supports more than 20 blockchain protocols.

OpenSea

OpenSea is definitely one of the most used websites in the world, allowing users to trade, buy, sell and track NFTs. The platform provides you with a variety of tracking and analysis tools, making it easy for you to choose which NFTs to invest in.

As the world's largest NFT marketplace, it's easy to view all activity and data for all NFTs listed on the platform. On the platform, you can view the activity and ranking of NFTs in real-time by visiting the statistics page. All NFTs based on Ethereum, Polygon, and Klaytn blockchains are supported.

Rarity Sniper 

Rarity Sniper is one of the largest NFT communities in the world and the best way to see the rarity of 1911 NFT collectibles on Ethereum, Solana, and more. It has a community of over 492,000 Twitter followers and 321,000 Discord members.

Platform scores are available for image NFTs, often referred to as JPGs, and are especially useful for large NFT collections. Rare tools include more than 1,500 items from 18 blockchains.

Rarity Sniper also offers the latest space news and an NFT calendar of upcoming projects, helping users stay informed about the market and keep up with future mints.

NFT Bank 

NFT Bank is the easiest way to build and manage your entire NFT portfolio from one place. It provides you with in-depth knowledge of NFT investing.

For a specific NFT or collection, you can view spending, ROI, and other activities. NFTBank tools are also available for portfolio management. Simple interfaces, analytics, and portfolio trackers are just a few of the many services consumers can access.

Rarity Tools 

Rarity Tools is a free tool that many investors prefer for its extensive tracking and analysis features. It provides an easy and understandable way to rank NFTs. You can easily compare two NFTs and check how rare one is compared to the others in this collection.

Rarity works by assigning a rarity value to each feature in a given NFT. These scores are then added together to get the NFT's overall rarity score. NFTs are then ranked according to their overall rarity value, making bartering and trading easier.

Cryptoslam

Founded in 2018, Cryptoslam is an NFT aggregator that tracks the position and metrics of numerous NFTs from over 50 websites and projects.

Cryptoslam can be used to track daily sales, marketplace sellers, mints, top marketplace buyers and sellers, NFT collectibles ranking by sales, blockchain by NFT sales, and more.

Dune Analytics

Dune Analytics is arguably one of the most famous free NFT analysis tools. Launched in 2019, Dune is perfect for those without much technical knowledge.

Dune allows you to organize historical collection data and visualize it as graphs. It's a top-notch NFT tool that lets you monitor reserve prices for your NFT collections, NFTs for sale, and more.

The platform also allows users to create custom dashboards for deeper research before making NFT investments. It supports multiple blockchain platforms such as Ethereum and Polygon.

Nansen 

Since 2020, Nansen has become one of the best premium NFT tracking tools for investors. Nansen provides insight into the NFT market, allowing you to easily spot emerging NFT trends. It also lists the rarity of the NFT in various collectibles.

Nansen provides detailed insights into wallet addresses, especially for addresses owned by crypto whales. NFT Paradise is Nansen's premier window on the NFT market, providing exclusive insight into the market and the general state of the market.

It includes a profit leaderboard that introduces users to the most profitable investors in the space and lets them analyze their previous investment decisions. Unfortunately, Nansen is not a free platform. Pricing starts at $100 per month, billed annually.