What is Sweeps?
In NFT trading, buyers can purchase multiple NFT Items in a collection at their lowest possible price, also known as the "floor price," rather than buying them individually. This strategy is known as "sweeping the floor." NFTGo's new feature 'Sweeps' makes it easy for users to track the real-time purchase of multiple NFTs from a collection's floor and capture trading signals.
Sweeps metrics are important because they give users a sense of the demand for the NFTs within a collection. For example, if many sweepers batch buy NFTs in a specific collection, this might indicate strong demand for that collection. By monitoring Sweeps metrics over time, users can identify trends and make informed decisions about when to buy or sell.
NFTGo Sweeps feature are also equipped with following features to help users stay on top of the latest trends and insights in the NFT market:
Real-time updates: Our real-time updates capture sweep activities as they happen, giving users a competitive edge and helping them stay ahead of the game.
Track market leaders: Users can keep tabs on the sweep activities of top market players and identify patterns in their buying behavior.
Multi-marketplace coverage: Our dashboard covers a range of marketplaces, including Blur, Opensea, X2Y2, and more. This means users can access data from various sources in one place, making it easy to compare and analyze trends across different marketplaces.
How to use Sweeps?
NFTGo offers users an easy-to-use interface to access real-time NFT sweep data, with an overview available on the homepage and more detailed information on the 'Discover/Sweeps' page.
There are two main sections under the Sweeps tab: 'Top' and 'Feed'.
'Top' provides aggregate ranking data at the collection and Sweeper level, while 'Feed' offers raw data sorted by recent transaction time.
Under the 'Top' section, users can pull up collection and Sweeper rankings and related data based on the desired time frame, which can range from 5 minutes to 7 days.
In the 'Feed' section, users can filter real-time data by collection, marketplace, item count, total price, and address label. This allows users to easily access and view the specific data based on their needs.
Furthermore, users can also click on 'Sweepers'the row which will show corresponding details.
Updated 2 months ago