|From 0xScope Research Institute Author: liangche.eth
The cryptocurrency industry in 2022 is not peaceful. In the context of the continued bear market, some problems that were ignored during the bull market began to be exposed, especially some large companies in the CeFi field. After the tide receded, those who were swimming naked began to be exposed to the public one by one.
Among the crypto companies that went bankrupt in 2022, there are Luna, Three Arrows, Alameda, and FTX. These companies appear to be independent entities, but there are many unknown connections behind them. Understanding the hidden connections between CeFi entities in the crypto industry can not only help us analyze the market more calmly and objectively, but also enable us to gain early insight into possible investment opportunities or risks in the industry.
Watchers is an on-chain data analysis tool developed based on the 0xScope Protocol. Through Watchers' VC dashboard, you can monitor the on-chain address fund changes of CeFi companies in the crypto industry in real time. If you want to deeply analyze the correlation between these VC entity addresses, you can use the 0xScope API for secondary development.
0xScope API is a calling interface specially provided for developers. Developers can use these interfaces with different functions to build their own analysis models and deeply explore the information behind the on-chain data. 0xScope API includes two versions: free version and Pro version. The Pro version includes the core Cluster function in 0xScope API.
This article will introduce how to use 0xScope API to analyze the connections behind major VCs in the crypto industry. The main analysis process includes three steps, each of which can be implemented through 0xScope API.
1) Get the VC list
By calling the getSupportedVCList interface, we can get a list of all VC entities currently supported by 0xScope. This VC list is also the list of CeFi entities we want to analyze. After calling the interface, we record the name information of all VCs.
2) Get VC address information
After obtaining the names of all VCs, the getVCInfo interface can be called in a loop to obtain the address information of the corresponding VC. The address information corresponding to each VC is recorded. These addresses are the basis for our collection and analysis in the next stage.
This is another powerful feature of the 0xScope API. It can provide developers and analysts with methods to obtain different address sets. In addition to VC addresses, there are also token holding addresses, whale addresses, NFT big holder addresses, etc. These address sets can help us analyze on-chain behavior.
3) VC address collection and analysis
After building the address set, you can call the clusterBigCap interface for cluster analysis. This interface can return the association between the addresses imported in batches, which is also one of the core functions of 0xScope.
After that, we processed the association results returned by the interface and found that although some addresses belong to different VCs, their on-chain transactions are relatively close. For such addresses, we mapped their relationships through knowledge graph software, and we can get a preliminary glimpse of the hidden connections behind these encrypted CeFi entities.
For example, we can see that the three arrows in the picture are closely related to Alameda, and they are all very close to Amber.
If you want to investigate in detail why certain addresses are determined to be related by 0xScope, you can also use the getRelatedReasonAddress interface of the 0xScope API to query the specific reasons for the relationship between the addresses.
By using the 0xScope API, participants in the crypto industry can be provided with tools for in-depth analysis of on-chain address associations, which can to some extent solve the problem of opaque relationships between crypto CeFi companies.
In fact, the analysis, research, and investigation scenarios that can be supported by the 0xScope API are far more than that. The rich address set query interface and proprietary collection algorithm provided by the 0xScope API can support in-depth analysis of investment companies, DeFi projects, NFTs, and token holders in the industry, helping the overall crypto industry to develop in a healthy, transparent, compliant, and orderly manner.
