Author | Produced by Day | Vernacular Blockchain (ID: hellobtc)
With the DeFi summer of 2020 and the NFT boom in 2022, blockchain infrastructure and applications are becoming more and more prosperous. According to DeFillama, the total locked-up volume of DeFi reached 47 billion U.S. dollars, and at the peak of the bull market, it was close to 1,800 According to NFTGo data, the total NFT transaction volume reached 40.2 billion US dollars.
Since we have just experienced a bull market and are currently in a bear market, I believe that in the next bull market, the market for DeFi and NFT will be even larger than it is now, which will bring about a surge in data on the chain, and data analysis on the chain will also become a major area. Investment in the blockchain industry is an increasingly basic skill. Although the blockchain claims to be open, transparent and cannot be tampered with, in the face of various complex data in the industry, most investors will face the problem that although the data is on the chain, they may not be able to see it. Understand the problem. How to view data and where to find data still have a high threshold. If you want to do your job well, you must first sharpen your tools. Finding the right tools will allow you to spend the least time to achieve your goals. In this article, we will sort out the on-chain analysis websites that are currently used on the market.
01 Infrastructure
1. Blockchain browser (Etherscan)
Blockchain browsers, as the industry's infrastructure, can be used to review and analyze all data stored on the blockchain. The browser allows users to search and check historical information on the chain by address (alphanumeric or ENS format), transaction hash, block height, token name, etc.
It can be said that the source of all data in the industry can actually be queried on the blockchain browser. The blockchain browser embodies the advantages of traceability and openness and transparency of data on the blockchain chain.
Purpose of the browser: 1. Query: Query a series of information about our daily transfers through the browser, such as transfer amount, handling fee, block time, etc. 2. Traceability: Check transfer records to understand the flow of funds. 3. Analysis: Use the browser to query a series of data such as large accounts and large transactions, the number of active addresses, the number of transactions on the chain, the number of token holders, etc., and conduct investment analysis based on market information.
2. Market Big Data Tool (CoinGecko) As investors in the blockchain industry, we will need to check the project's official website, price, market value, transaction volume and a series of information from time to time. Where there is demand, there will be a solution, and market big data tools are specifically designed to provide us with these services. The rise of DeFi in the past 20 years has made many users have the habit of checking various project contracts at any time. CoinGecko has been favored by users during this period because of its fast and accurate capture of information. It is currently considered the mainstream cryptocurrency data in the industry. Aggregation website. Some market big data tools have been invested or acquired by institutions, and there are some problems with the objectivity of some data. Compared with other market big data tools, CoinGecko has better data objectivity. On the other hand, he can capture the latest projects on the market and related basic information in a timely manner, which is more convenient to query. The information collection data is complete. 12,319 types of Token data have been collected. There are many derivative functions, including DeFi and NFT. Special area, novice teaching area, market information push, etc. Main functions of CoinGecko: 1. Query basic information of Token: including project official website, market value ranking, token price and price trend, online platform and other related basic information. 2. Newbie User Guide: Provides novice tutorials, vocabulary library, and encryption market news, etc. Help users get started quickly and follow the dynamics of the crypto market.
02 DeFi Data
1. Dune analytics (data analysis tools)
Dune Analytics is a one-stop platform for querying, visualizing, sharing and exploring DeFi and NFT data. As an on-chain data analysis tool, the core of Dune is that the platform queries and analyzes massive on-chain deif and NFT raw data, and then converts these data into charts and dashboards. Mining the value of data on the chain and providing customized data analysis services to community users. Although blockchain information is open source, it is very difficult to find valuable information from massive data. For example, if you want to know the number of users of a certain project or the trading volume of dex, it is still too complicated for non-programmers. Dune Analytics can solve the above problems very well. It provides a platform to capture all data on the chain. Community users can extract the required data through certain programming foundations and turn the data into various analysis charts. The main functions of Dune analytics: 1. Community control panel (search function): Users only need to conduct keyword searches according to their own needs and query the content they need. With the operation of Dune, community users have now created a very rich Dashboard. You can also click on tags such as DeFi, NFT, and Ethereum to filter the Dashboard to select the content you are interested in.
2. User-defined control panel: When the content they need cannot be found, users can create a Dashboard according to their own needs and monitor the data on the chain they are interested in.
2.DeFi Call (DeFi TVL Data)
DeFi Llama is focused on tracking the statistics of DeFi TVL, tracking the total value locked (TVL) data and transaction volume data of more than 150 chains and more than 2,000 defi protocols. The data comes from Uniswap and SushiSwap, and is also supported by the Coingecko team in terms of technology. , is currently the largest TVL aggregator in the industry. Regarding the calculation of TVL, due to the continuous emergence of new contracts and new protocols, and the different calculation methods of various mortgages and lock-ups, it is difficult to accurately calculate the real TVL. However, DeFi Llama currently provides TVL data. It is considered to be relatively accurate in the industry, and everyone generally relies on his data. To check whether a defi project is of high quality, TVL can be said to be a very important criterion. DeFi LIama main functions: 1. TVL (Total Locked Volume) Query: DeFi Llama can view the TVL changes in various time periods for most defi projects in the entire industry, the overall ranking, and the ranking of each protocol within each chain. The TVL market share of each chain is classified according to sectors and functions and a series of information. By clicking on each protocol, you can also query the basic data of each protocol, TVL changes, currency proportion and other information. For example, the arbitum ecosystem is very popular right now. You can query and find out which projects in the arbitum ecosystem currently have the highest TVL rankings, as well as the TVL changes of individual protocols and other information to judge which projects are relatively more valuable to assist in screening projects.
2. Protocol income query: DeFi Llama can check a series of changes in the current income of each defi protocol, treasury income, number of active users, market value, etc. During the defi summer of 2020, everyone judged whether a defi project was valuable mainly by looking at its TVL changes. After the bear market, now, judging whether a defi project is valuable depends on whether the agreement makes money.
3. Messari (data analysis research) Messari is a data analysis and research company that uses open source tools to build a blockchain database. The data information stored in it includes the funds, development history, management structure, and supply planning etc. It mainly provides project research, news, indicators and real-time data to help users analyze and study the progress of the frontier areas of the encryption industry. Their website is viewed by hundreds of thousands of users every month and offers both free and paid subscriptions (annual fee is $300). The main functions of Messari: 1. Analysis of research reports: After being in the circle for a while, you must have heard or encountered the name Messari in the community. Their research reports are the most circulated among the media and the community. Messar's research reports include quarterly and annual progress of each track, as well as research reports on various projects and current hot concepts, etc., to keep abreast of the latest trends in the industry. Some reports are paid content, and of course some are free.
2. Data analysis: Messari monitors the key sources and communication channels of all top projects, covering major basic protocols, DeFi assets, latest developments, etc. A project's price, quantity, market value, volatility, etc., all of this information has its own indicators and charts to help users clearly understand the progress of a project.
03 NFT and GameFi
1. NFTGo (comprehensive data platform) NFTGo is a one-stop NFT data aggregation platform. NFTGo aggregates, analyzes and presents NFT data across the entire network, providing NFT search, data visualization, rarity query, whale tracking and other functions. Main functions: 1. Search: NFTGo has comprehensive and detailed statistics on the overall data of the NFT market. It collects NFT transaction and asset data from the entire network in real time, visualizes the data in a way that users can understand, and helps users judge the current status of the NFT market. Users can learn basic information about NFT projects by searching. 2. Ranking function: NFTGo has a comprehensive ranking function, covering various chains, and implementing rankings in multiple dimensions such as transaction volume and gas consumption.
3. Whale Tracking: Understand which NFTs KOL holds and track KOL’s position changes in real time.
2. DappRadar (Dapp data aggregation platform) DappRadar has more than 12,000 decentralized applications (Dapps) deployed on more than 30 chains, covering finance, games, collectibles, social media, etc., with more than 1 million monthly active users person times. As a Dapp discovery platform and market data analysis platform, DappRadar can effectively help Dapp users understand market data and assist users in making market decisions. Main functions: 1. Ranking: DappRadar’s ranking function summarizes the number of active users, number of transactions, trading volume and other information of various Dapps, which can help users better discover, track, and analyze the latest Dapps; according to NFT transaction volume, The average price and a series of other indicators calculate the real-time ranking of NFTs, making it easier for users to discover and select popular NFTs on different blockchains. 2. Portfolio (address tracking): By entering the address, you can analyze and monitor changes in the value of the wallet's assets, browse DeFi assets and liabilities, NFT holdings and other information.
04 Others
1. ultrasound
Ultrasound can be used to view Ethereum burning statistics (including burning volume, burning speed, and burning rankings of various applications), gas rate changes, circulation changes (supply and issuance), Ethereum total locked position (TVL), and Ranking. It is mainly used to check the burning data of Ethereum. When you find that Ethereum suddenly becomes congested, you can clearly observe the reason.
2. l2beat
Used to view the TVL lock-up data and rankings of each layer2.
3. Token Terminal
It mainly provides defi protocol revenue data charts, as well as the number of active users of each protocol, TVL, developers and other information.
4. Nansen
It is a very good data analysis platform in the industry. It has various data chart analysis of the project. The most outstanding thing about Nansen is its Smart Money function. The wallet address analysis function is very powerful and it can capture the changes in the positions of big whales very quickly. I put it here because most of its functions are chargeable, and the minimum fee of $1,000 a month deters most users.
5. Panic and Greed Index
The Panic Greed Index ranges from 0-100, with lower scores representing greater fear and higher scores representing greater greed. A score of 0-24 represents 'extreme fear', meaning investors are selling heavily. A score of 25-49 represents 'fear', meaning that a significant number of investors are selling, but market interest is still low. A score of 50-74 represents 'greed', which means heavy buying is happening, causing prices to rise. A score of 75-100 represents 'extreme greed', indicating that the market is very hot and that the market 'bubble' may burst soon. The Panic and Greed Index was launched in 2018. General numerical changes actually have little reference value, but when there is an extremely low (less than 10) or extremely high score, most of the time it is not far from the bear market low and the bull market bubble bursting stage. The above are some of the more popular data analysis tools in the industry. Some of them are in the same category and in the same track. Not all of them are listed. Only one of the representative ones is selected. With the continuous development of the blockchain industry, data analysis will become an important tool for everyone. One of the basic skills that every investor must have, and accurate market judgment must be due to the assistance of good tools. When most people see articles about data analysis tools, their first reaction is to save them first. It is recommended that readers who are not familiar with them have time to experience each product themselves and understand their functions and differences. I believe that their personal research and analysis capabilities will be improved to a certain extent. ,
Do you have any other recommendations for useful tools for encrypting data? Welcome to chat in the comment area.
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