A little over a month ago, I started testing the Opensea mobile app. In that article, I focused on the social features, swap/bridge (spot) and especially the perps exchange. That's a comprehensive guide, including the perps features, which allows you to start trading derivatives if you're unfamiliar with them. I'll avoid repeating the same things; you can find the article here: I Tried the Opensea Mobile App: My Personal Opinion and Complete Guide
Today, I'd like to focus on another feature I've found very useful (active on both the app and the desktop version, of course): the information you can find on Opensea when you buy a token. The team is doing a great job. This isn't trivial information. It's true that you can find this information on other portals, but no one groups it all together. Let's start with the search filters.
SEARCH FILTERS
When you select a chain and then a token, you'll see a dashboard that displays:
1) Below, you can find filters related to FDV and category (layer 1, layer 2, Defi, tokenized stocks, etc.).
2) Trending tokens: live price, 1-hour/1-day/1-month changes, volume, FDV (I would also add Market Cap because I find it a much more useful metric than FDV).
3) Check the box to find tokens connected to NFT.
TOKEN INFORMATION
Personally, I'm doing some interaction and trading on the Robinhood chain, where you can find tokenized stocks and many memecoins (obviously, before buying memecoins, DYOR. These are often tokens created by ordinary users, so like all memecoins, they carry their own risks). For each token, you'll find a wealth of information:
- Overview (activity, holders, technical information about the token, social profile links).
- Token activity (buy/sell).
- Holders (all holders with % of supply held).
- Social Intelligence (information about X: account age, follower count, tweets/day, engagement health, verification, profile completeness).
- About (general information about the token).
Keep in mind, however, that even though Opensea tracks these tokens, it's not connected to them, so you should do your own research before buying. They aren't "verified" tokens, and price changes don't depend on Opensea. Obviously, price action isn't controllable.
When you buy a token, you'll also see a box that shows you when you invested, any gains/losses, returns, and any live changes (if you're holding it).
All this information grouped together is very useful, because otherwise, to find it, you'd have to visit a dozen sites, as well as the explorer, checking buy and sell prices. Opensea is no longer a simple NFT marketplace but increasingly includes trading features (derivatives and spot), as well as token tracking and your own trades. If you're not using Opensea, you should definitely try it again.
Hey follow me on X if you want: 0x_Davide
