We are in a world of abundant resources, and in the blockchain space there are a variety of on-chain analysis tools. As cryptocurrency investors, how can we identify potential coins, 10x coins, or even 100x coins in the primary and secondary markets? As the saying goes, "Bear market is a good time to accumulate and learn", we should seize the time and resources to optimize our personal skills. Besides analyzing the projects, we can also use the following analytical tools to understand the on-chain actions, including on-chain trading status, transaction fees, large investors' actions, etc....
Cut the crap, come on!
1. Etherscan
Official website link:https://etherscan.io/
Etherscan is a blockchain browser for the Ethernet network that takes advantage of the open-source nature of blockchain to bring all transaction data up for everyone to see.
The site allows you to search for transactions, blocks, wallet addresses, smart contracts, and other on-chain information.It acts like a search engine, indexing all transactions on the ethereum blockchain, and you can search for all kinds of transactions by typing in a wallet or token address in the search, including whether they were successful, failed, or pending。
This is one of the most popular Ethercan blockchain browsers and is free to use. When using Etherscan, it helps you understand how to interact with the blockchain, other wallets and DApps.
// What are the useful and important features on Etherscan?
Etherscan has a lot of features, many of which are focused on developers. The site allows you to search for transaction data, block data, the address of the wallet you want to look up (with an overview of what it holds), and even interact directly with smart contracts, as well as other on-chain data (such as open-source code), etc. The site also allows you to search for the address of the wallet you want to look up (with an overview of what it holds), and even directly interact with smart contracts.
To use Etherscan, you will need the wallet address, transaction ID (TXID), contract address, or another identifier to paste into the search field. The visible information will depend on what you are considering, but most will include the associated transaction, address, timestamp, and amount.
To use this feature on the Etherscanferret outTransaction DetailsSimply enter your wallet address in the search field or on the home page. It will display the overview page. Here you can see the total balance of your wallet in ETH and its value in USD. In the wallet's main page you can see the list of transactions. Different tabs show transactions in ETH, ERC-721 and ERC-20 tokens, as well as internal transactions.
checkwalletTransaction HistoryIf you are looking for an address, please enter it in the search box and scroll down the page. Here you can get a quick overview of all the tokens coming in and out of your wallet, their quantity, the cost of each token, the address of the smart contract for each transaction and much more.
Other Etherscan features include:
- Read Smart Contracts
- Check gas prices
- View NFT
- Casting NFT
The official Academy has more detailed tutorials:
https://academy.binance.com/zt/articles/what-is-etherscan-and-how-to-use-it
2. DefiLlama
Official website link:http://DeFillama.com
Known for its blockchain and protocol TVL data, DeFiLlama has recently added other important metrics such as clearing and stablecoin data. It is a reliable source of multi-chain TVL data with data connectors provided and maintained by the cryptocurrency community and is a platform for aggregating Decentralized Finance (DeFi) cryptocurrency data.
DeFiLlama Over 800 cryptocurrencies and DeFi protocols are documented on the site, along with their native blockchains. For cryptocurrency investors who are very concerned about the various Layer 1 coins, theDeFiLlama can help them compare the differences between them in terms of Total Vehicle Locked Position (TVL) metrics.DeFiLlama The greatest use is to help analysts find the hidden potential of each ecosystem.
在 DeFiLlama On the dashboard, click “Chains” to see a list of Layer 1 and the TVLs of the largest blockchains. since DeFiLlama only lists Layer 1 blockchains that are compatible with smart contracts and on which applications can be developed, the Bitcoin network is not listed.
// DefiLlama Is it safe?
Since DefiLlama is an information integration tool, it does not issue coins itself, nor does it interact with contracts through it, so it can be treated as a simple presentation and integration tool. DefiLlama's data is also completely open-source, and its goal is to provide accurate and transparent data for users to refer to, and it supports nearly 100 public links and nearly 1,000 DeFi protocols, so it basically covers more than 90% of the current DeFi users. Since there is no need to provide any information, users do not need to worry about security issues.
// DefiLlama Introduction
TVL Total Locked Value
Go in DefiLlama websiteAfter you see the Search on the top, you can search for the chain you want to query, and it will show you what Protocols the chain has with TVL Ranking, TVL is Total Value Locked.
Some people use TVLs to determine what theBlockchainpotential, or the potential and value of a particular DeFi Protocol, which often derives its TVL value from a pledge,Handling fee,Borrowing, liquidity mining, etc., so the higher this TVL is the better the blockchain is developed and the better the DeFi protocol is, but the TVL is very susceptible to thatBlockAs the currency price of the chain is affected, the trend of TVL is usually positively correlated with the currency price.
Mcap / TVL Token Market Capitalization / Total Locked Position Value
The lower the Mcap / TVL ratio, the higher the potential. By comparing the ratios on each chain to analyze which market has higher potential, most investors use Ether as a criterion to compare with other public chains. Most investors use Ether as a criterion to compare with other public chains. Similarly, DeFi protocols can also use this criterion to determine the upside potential of each protocol, and whether they are overvalued or undervalued.
If you want to invest in the native tokens of a specific public chain, you can first use this indicator to judge the potential and capital investment. However, remember that we can only use this indicator as one of the judgment criteria, and we cannot completely rely on this ratio to see which chain is worth investing in, because after all, there are still differences in the ecology of different chains, and there are definitely differences in the operation mechanism.
3. Dune Analytics
Official website link:https://dune.com/browse/dashboards
Dune, yes.Widely used data platform by cryptocurrency investors and analystsThe Data Dashboard is available in a variety of themes. To help them research projects, areas such as NFT, DeFi, and the blockchain ecosystem, users can query data with the Dune dataset and use the data to create at-a-glance dashboards.
It is also a highly flexible visual data charting tool that allows you to view Ethernet smart contract data in real-time. On Dune you can view many analyst-created data dashboards directly, or you can create your own dashboards using SQL statements.
The platform currently supports data from Ethereum, Polygon, Optimism, Binance Smart Chain (BSC) and Solana.
The easiest way to find a Dashboard on Dune is to enter the name of the protocol or metric you want to analyze. The search results will be a series of Dashboards.Users can visualize different metrics into easy-to-understand charts, and everything from DeFi use cases to specific DApps can be displayed through the analytics panel.
Each result shows the Dashboard title, publisher and rating. You can choose the most relevant titles, and keep an eye out for Dashboards with more stars, which tend to be the most reliable and most viewed.
Selecting a Dashboard takes you to the Dashboard's main page and shows you all the data points. You can hover over each image to get more specific information, and you can drill down into any particular data point by clicking on its title.
4. Token Unlocks
Official website link:https://token.unlocks.app/
Token Unlocks is the most common token unlocks used by me.tracktool, its Dashboard is very simple, you just select a project you want to learn about and it provides a lot of information and details about the economics of tokens for that project.The most important thing is that this tool will help you understand the token unlocking schedule in time.。
For example we can see when the next unlock event is, and if you scroll down you can see a detail of all important unlock events.
That's all for today, remember to DYOR, and if it helps you, remember to share us with others!