ICPSwap launches wallet rankings based on realised trading profits

ICPSwap has introduced a new wallet-ranking feature that tracks the most profitable traders on the Internet Computer (ICP) network, using realised profits rather than unrealised gains.

The feature, promoted under the name Smart Money on ICPTokens, ranks wallets trading on ICPSwap across three timeframes: seven days, 30 days and 90 days. Users can select individual wallets to view their trading history and examine individual transactions.

According to the announcement, the rankings filter out bots and are available free of charge, with data updated daily.

By focusing on realised profit, the feature aims to distinguish gains from completed trades from paper profits that may change as token prices move. This can offer users another way to examine trading activity on the ICP ecosystem.

However, wallet profitability alone does not establish a trader’s overall performance or predict future returns. Rankings can also be affected by trading frequency, portfolio size, token volatility and the period being measured. Users should consider these factors when interpreting the results.

ICPSwap has not provided further details in the supplied announcement about how bot activity is identified, how realised profit is calculated, or whether trading fees and other costs are included in the rankings. These details would help users assess how the wallets are compared.

The feature is free to access and is updated daily, according to ICPSwap.