Original text: "Free on-chain analysis tools recommended in 2023"

Organized by: Cindy

If you don’t want to pay the monthly fee for Glassnode and you still need to observe on-chain data, here are 7 free on-chain crypto analysis tools listed below for research and analysis of cryptocurrencies. But it does not constitute investment advice~.

theBlock

Website: https://www.theblock.co/data/on-chain-metrics/bitcoin

The Block features many useful metrics such as on-chain transaction volume, active/new addresses, miner revenue, average transaction fees, and Bitcoin supply as a percentage of profits.

Their data goes back many years. You can even access current data - however, there will be a 2-day delay. Still, it's enough to understand the overall trend.

CryptoQuant

Website: https://cryptoquant.com/

Sign up for a free basic account to access tons of indicators on CryptoQuant. You can access data up to and including the current day. They also provide simple visualization on the summary page.

There are many useful indicators such as Foreign Exchange Reserves, Short and Long Term Holders SOPR, Net Unrealized Gains and Loss (NUPL), etc. The downside is that many charts only show data from the end of 2019, so you can't compare data presented to earlier times.

OKLink ChainHub

Website: https://www.oklink.com/en/chainhub

OKLink offers a range of free indicators, including exchange addresses in/out/netflow for BTC and various stablecoins. Some data lags by a few days. The solution is to select the option "7D" (display 7 days of data) which contains the current data.

lookIntoBitcoin

Website: https://www.lookintobitcoin.com/

This is one of my personal favorites. Look Into Bitcoin provides a wealth of charts about Bitcoin. The website has a very clean interface, and under each chart, there are detailed instructions on how to read and interpret the data. All dates are free, no login required. Some of my favorite tools on this site include MVRV-Z Score, HODL Waves, and Net Unrealized Profit/Loss (NUPL).

rData

Website: https://rdata.app/

RData is a project still under development. They promise to “make institutional-grade cryptoasset data available to everyone for free.” You need to be logged in with your MetaMask account to view the dashboard.

As they are still under development, only 8 indicators are currently available. I think their visualization of the address supply distribution is a good indicator of how crypto whales are accumulating and unloading their coins. You should also look at charts of Bitcoin exchange net position changes and futures perpetual funding rates. Since they plan to add more free indicators to their list in the future, I highly recommend checking it out.

Dune

Website: https://dune.com/browse/dashboards

Dune is a platform that allows users to query on-chain data from the Ethereum blockchain using SQL based on their needs. Knowledge of SQL is required to create your own personalized dashboards.

However, on their homepage, there are many free dashboards posted by community members.

Messer

Website: https://messari.io/

Messari is actually a paid encrypted data platform. But still decided to add them to this list because they allow free access to some of their data and research, and they cover many different cryptocurrencies that you can easily find information on on this platform.

in conclusion

Some on-chain data feature indicators can be found on several websites in the list above. In this case, compare the data to see if it has undergone some warning changes that require attention. Regardless, observing through on-chain data is a great way to analyze user and investor behavior. But it should always be remembered that data can only provide an understanding of what happened in the past, and it is not advisable to rely solely on on-chain data to make investment and trading decisions.