Recently, with the sharp adjustment of the cryptocurrency market, mainstream cryptocurrencies have continued to fall, and the liquidity of altcoins has gradually dried up. However, Memecoin on the Solana chain has remained vibrant and has become the only area in the market that is still thriving. Data shows that the number of new SPL coins per day has hit a record high, and the revenue of the one-click coin issuance platform Pump.fun has also reached a new high. Even the transaction volume on the Solana chain once exceeded the Ethereum mainnet, becoming the blockchain with the highest transaction volume on the chain DEX.
In addition to following community topics, the most important thing for trading Memecoin is to analyze on-chain data. Therefore, the demand for Solana on-chain data tools is growing. This week, we will introduce three tools to help you manage on-chain assets or track on-chain addresses, as well as multiple TG Bot gadgets to help you become a master on the Solana chain.
GMGN.ai
GMGN is a powerful tool website that integrates two functions: a trading website and an on-chain asset dashboard. Although old trading websites such as Dextools, Dexscreener, and GeckoTerminal already support Solana, GMGN provides faster and more immediate data and supports Pump.fun chart services. In addition, it also provides functions such as address tracking, position management, and SmartMoney/KOL wallet exploration, which basically meets the various basic needs of on-chain players. It is currently the most popular Solana on-chain tool website used by mainstream Degen users.
AlphaVybe
AlphaVybe is a tool website that combines an asset management dashboard with a visual on-chain browser. In addition to tracking address token asset holdings, it can also analyze token data and provide visual address interaction data. When tracking on-chain addresses, compared to crawling solscan data, AlphaVybe can display all interactive addresses in one picture, which is more readable.
Step Finance
Step is one of the early projects of Solana's on-chain data dashboard. It was successfully launched during the last bull market and was once benchmarked against Debank. Although the project was on the verge of death and had not been updated for a long time after the collapse of FTX, it has also been updated a lot after the Solana market rebounded. Currently, Step provides functions such as asset dashboards and historical transaction records, as well as sub-products for on-chain token analysis, which can more intuitively analyze information such as token chip liquidity.
TG Bot
As for TG Tranding Bot, we have introduced it in detail in previous issues of CryptoSnap, so I will not repeat it here. Here we mainly introduce some practical tracking channels.
On-chain address tracking notification:
After setting up the tracking address, you can be informed immediately when there is a transaction dynamic at the address. The following TG BOT services are similar and you can choose to use them.
Sky
EtherDrop
Solana Ray
GMGN.ai
Hot trending coins notification:
SOL TRENDING: You can view the most popular coins on the chain, but it may also contain a lot of spam information.
Solana Early Birds: A new coin notification channel produced by the Pepeboost team. Different from ordinary new coin channels, the Early Birds channel adds a judgment mechanism for smart wallets to enter the market, reducing the interference of spam information. However, since the newly opened tokens themselves have high risks, it is suitable for small-scale capital participation.
Pump Alert: Produced by the GMGN team, this is a new coin notification channel on Pump.fun. It can filter out the most popular coins on Pump. It is also a very useful channel for those who want to participate in small investments with big risks.
Author's opinion
Having basic chain analysis skills is very important for a chain player. Especially for Memecoin players, because there is no fundamental research on Memecoin, the only thing you can observe is the chip distribution structure, whether there is smart money entering the market, whether there is manipulation by the project party, etc. The risk of blindly participating in Memecoin is quite high, and learning basic chain analysis can increase the winning rate. I hope that after making good use of the above tools, everyone can become a master player on the Solana chain and earn more profits together.
