DODO Research DODO Research 2024-05-10 14:56 Beijing
Submitted by: DODO Research
Author:dt
Editor: Lisa
The crypto market has seen a major correction recently, with mainstream currencies on the market falling continuously and liquidity of altcoins drying up. Only Memecoin on the Solana chain remains vibrant and has become the only vibrant place in the market. Data shows that the number of new SPL coins reaches a new high every day, the revenue of the one-click coin issuance platform Pump.fun breaks a new high, and even the Solana chain’s on-chain transaction volume once overturned the Ethereum mainnet to become the blockchain with the highest on-chain DEX transaction volume.
In addition to paying attention to community topics, the most important thing for trading Memecoin is actually the analysis of on-chain data. Therefore, the demand for Solana on-chain data tools is growing. This week, Dr.DODO will introduce three tools to help you manage on-chain assets or track on-chain addresses, as well as multiple TG Bot gadgets. Let us become Solana on-chain masters together.
GMGN.ai
GMGN is a tool website that combines the two functions of a line-watching website and an on-chain asset dashboard. Although well-established line-watching websites such as Dextools, Dexscreener and GeckoTerminal have already supported Solana, GMGN provides faster and more timely data, and supports Pump.fun line chart services. In addition, it also has functions such as address tracking, position management, and SmartMoney/KOL wallet exploration, which basically meet the various basic functions required by on-chain players. It is also the Solana on-chain tool website that is currently the most popular among mainstream Degen users.
Source: GMGN.ai
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 data, it also has the function of analyzing token data. The biggest difference is the visualized address interaction data. When tracking on-chain addresses, compared to crawling solscan data, AlphaVybe can display all interacting addresses in one picture, which is more readable.
Although the asset dashboard function is not as real-time as GMGN.ai data, and AlphaVybe can only read out the value of mainstream ecological coins, its visualization function in address tracking is basically irreplaceable.
Source: https://alpha.vybenetwork.com/
Step Finance
Step is one of the earliest projects to develop the Solana on-chain data dashboard. It was successfully launched on FTX in the last bull market and was once a benchmark for Debank. However, after the collapse of FTX, the project was on the verge of death and there was no update for a long time. However, after the Solana market recovered, it also made a lot of updates.
Currently, it provides functions such as asset dashboard and historical transaction records. In addition, there are also sub-products for on-chain token analysis, which can more visually analyze token chip liquidity and other information.
Source: https://app.step.finance/
TG Bot
TG Tranding Bot has been fully introduced in the previous issues of CryptoSnap, so I will not repeat it here. Here I will mainly introduce some practical tracking channels.
On-chain address tracking notification:
After setting the tracking address, you can be the first to know when there is a transaction dynamics at the address. The following TG BOT services are similar, and you can choose the one you like.
Sky
EtherDrop
Solana Ray
GMGN.ai
Hot trending coins notification:
SOL TRENDING: You can check which coins are the most popular and most played on the chain, but there is also 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 wallet entry to reduce the bombardment of spam information. However, since the newly opened tokens themselves are high-risk, it is suitable as a reference for small-scale participation.
Pump Alert: Produced by the GMGN team, this is a notification channel for new coins on Pump.fun. It can be used to filter out the most popular coins on Pump. It is also a very useful channel for participating in small-scale venture capital.
Author's opinion
Having basic on-chain analysis capabilities is a very important factor for being an on-chain player, especially for Memecoin players. There is no fundamentals to study on Memecoin, so the only thing to look at is the structure of the chip distribution, whether there is smart money entering the market, whether there is any insider trading by the project party, etc. Blindly participating in Memecoin is very risky, and after learning basic on-chain analysis, you can increase your winning rate a lot. After making good use of the above tools, I hope everyone can become a master player on the Solana chain and make big money together.
Disclaimer
The information in this research report is from publicly disclosed materials, and the views in this article are for research purposes only and do not represent any investment opinions. The views and forecasts issued in the report are only the analysis and judgment on the date of issuance and do not have permanent validity.
