These 10 data analysis tools are worthy of your collection, and we have added a selection tool for chain news editors.
The editor of Lianwen compiled and supplemented according to the tweets and published reports of Messari analyst Jack Purdy
Live in the encryption world currency, it does not lack data, sorely lacking, but also data.
It sounds like a paradox, but you might think about it this way: the public nature of the data means that the chain block chain at your fingertips, such as:
- You certainly want to know that apart from the mainstream stable currency, how many pens Bitcoin transactions of more than $ 100,000?
- You certainly want to know the mainstream settlement price per ETH mortgage lending platform is how much?
In fact, the answers to these questions are in the data chain, but to answer it, is not easy. The answers to other similar questions are the same. The answers are hidden in thousands of nodes around the world. Therefore, if you want to get the answer, the only way is to know how to find the relevant information correctly.
Without the right tools, mining of these disclosures, the encrypted data at your fingertips like a needle in a haystack of doubt.
In the field of traditional financial analysts and other professionals can use the Bloomberg terminal (Bloomberg Terminal), S & P Cap IQ, Factset and other market data analysis tool to acquire and analyze the data. After several years of market temper, these tools have penetrated into all aspects of the financial industry, not only provide a variety of analytical methods required for professionals, but also to help them make the most accurate investment decisions.
However, in the cryptocurrency industry, it is not easy to obtain professional data analysis tools. Some encrypted data and analysis providers are less professional start-ups, and they can only rely on constantly learning new methods to meet user needs. It can be said that many of the best analytical tools did not appear until the last few months, so the industry participants may not understand how to use these products. As these companies continue to develop their niche markets, it is becoming more and more important for professionals to understand the relevant encrypted data tools and how to use these tools to meet their own needs.
Come, let’s take a look at what tools can provide the best support and assistance for cryptocurrency investors, especially in the DeFi field.
Dune Analytics
There is no doubt that Dune Analytics is by far the most commonly used analysis website for cryptocurrency analysts. It provides many pre-processed data analysis dashboards that can display a large number of key indicators needed to assess the health of the industry.
Chain News recently reported that Dune Analytics completed a $2 million seed round led by the blockchain investment fund Dragonfly Capital at the end of September. Some other leading venture capital institutions, such as Multicoin Capital, Hashed, Semantic Ventures, Digital Currency Group, Coinbase Ventures, Alameda Research, etc. have participated in this round of investment. Many angel investors including CoinGecko and Aave founder Stani Kulechov have also invested in this company.
Every part of the Dune Analytics dashboard allows you to grasp the latest trends in the cryptocurrency industry, such as DEX indicators , and you can learn about the future development trends of the crypto industry from these data. In addition, Dune Analytics dashboard there are many specific projects to help users more in-depth analysis. For example, items such as Maker, Compound, and 0x all have specific dashboards.
Decentralized exchange performance:
https://explore.duneanalytics.com/dashboard/dex-metrics
MakerDAO’s dashboard:
https://explore.duneanalytics.com/dashboard/maker-dao—mcd
0x dashboard:
https://explore.duneanalytics.com/dashboard/0x-trading-activity
If you can’t find what you need on Dune Analytics, please rest assured. You will not be restricted by the dashboard provided by default. As long as you have a little knowledge of SQL database language , you can directly query the entire Ethereum blockchain data and explore more data analysis possibilities.
Of course, mastering the SQL database language is not an easy task. For an encryption industry analyst with no programming experience, it may take several weeks to learn.
If you get all of this, you can get almost all the data on the chain.
The following figure is an example of a tool created by Messari . This dashboard tracks the supply information of the Bitcoin anchor WBTC in the DeFi field.
Even on Dune Analytics also provides a number of query service niche market data, for example, you can analyze when HEGIC token sales, the holder of the sale transaction, and then infer the potential market behavior of investors.
Dune Analytics is actually a very open platform, but also has a large and growing community. As more and more analysts use Dune Analytics to create analysis charts and dashboards, the effect of the network will gradually become apparent, and the rich collection of cryptocurrency data will become more valuable to other users and attract more users. Multiple people use the platform.
Nansen
Nansen analysis can be regarded as almost any DeFi practitioners will need to use a chain tool, it is somewhat similar to the Dune Analytics, using the same dashboard provides data analysis, but Nasen involved in the field of encryption and specific projects are more extensive (but in fact the choice It’s not as big as expected).
Nansen’s biggest advantage is to provide a multi-functional analyst tracking tool, this tool they named “Token God Mode” (God mode tokens). But this name is not an exaggeration, because analysts can use this tool to understand almost all ERC-20 token behavior, including:
- The historical supply of tokens on centralized exchanges;
- The historical supply of decentralized exchange tokens;
- Number of unique addresses;
- The account balance of the largest holder of the token.
- …
For anyone who wants to conduct proper due diligence on a certain encrypted token and fully grasp the information related to the token, the information provided by Nansen can give you a full understanding of the token market trend and also know where the token is. , How to make mass sales.
Another highly versatile tool launched by Nansen is the ” Wallet Profiler “: Wallet Profiler , which allows analysts to view the behavior of any wallet address.
It is worth mentioning that using the Nansen tool may give you a sense of peeking at the portfolio of Warren Buffett and Ray Dalio (founder of Bridgewater Fund), and you no longer have to refresh Twitter news every day to understand Industry trends, because now you can know the trends of key projects in the cryptocurrency market on your own.
Token Terminal
In the new wave of DeFi token craze, the role of tokens seems to be more and more like equity on their respective networks. Therefore, when analyzing these tokens, practitioners in the cryptocurrency market may also seek to choose some proven tokens. Traditional method. Currently there is a traditional analytical way is to look DeFi agreement generated “income” – of course, although the market for the definition of “DeFi income” is controversial, but generally it will be identified as the total fees paid (whether Are these fees paid to liquidity providers or token holders).
On the other hand, the “DeFi income” indicator can indeed provide a measure of the total amount of economic activity flowing through the relevant agreement, and it also allows people to understand how much value the token holder may obtain.
Token Terminal DeFi agreement providing income data is very unique.
If we learn more about the Token Terminal tool, we will find that it is actually possible to create relative evaluation indicators based on “DeFi revenue” data, such as benchmarking “DeFi revenue” with the token market value.
However, given the variability and lack of predictability in the DeFi industry, it is too early to use Token Terminal directly for investment decision-making. Nevertheless, this tool can still help DeFi users to generalize the ” protocol revenue ” indicator Compare.
DeFi Pulse
In the English-speaking world, DeFi Pulse ’s total lock-up volume indicator has become a ” vane ” for evaluating the scale of the industry. This indicator is a data ranking obtained by summarizing the value of all DeFi locked collateral. In view of the various types of DeFi collateral that can be used, some nuances need to be considered when looking at the total lock-up volume indicator. Nevertheless, the index has become DeFi industry standards, and help to assess user confidence in the security agreement DeFi and potential profitability.
Etherscan
Etherscan is a proven Ethereum block explorer and one of the most widely used block explorers on the market. It provides a variety of functions for users, researchers, and developers. Some of the core functions include :
- View current trading status on the chain;
- View related historical transactions;
- View the information of the person with the highest holdings of a certain token;
- View arbitrage can earn much money by the chain;
- See how complex hacking is executed;
- Focus on showing the gas cost you have to pay;
- Show all gas costs that the DApp is consuming.
Etherscan also provides many other data indicator analysis functions about Ethereum, which can be viewed by clicking this link .
CoinMetrics
If you do not DeFi data analysis, then, CoinMetrics should be regarded as a good block chain analysis tool, is one of the best institutional level data provider, the service covers almost all major chain block chain of information on the market, token price, the number of tokens, data mining and supply of data points, etc., and all of these high-fidelity data can be visualized in an easy to use comparison chart tool.
Glassnode
Another versatile encrypted data provider is Glassnode , whose tools can also display a variety of charts and dashboards.
For example, you can hold out to see whales as well as trends in the chart (the chart can show the information held by the BTC 1000+ whales) on Glassnode. By collecting the market behavior information of these long-term holders, you can have a deeper understanding of the market.
In addition, you can also get some important but often overlooked indicators to compare the block chain, such as information on income from fee income accounted for in the miners (It’s a bit like a safety net of expenses).
IntotheBlock
IntotheBlock is an on-chain market analysis tool that can effectively supplement users’ due diligence work on encrypted projects through some unique charts, such as inward and outward funds, market depth of transaction entrusted books, etc.
Skew
Skew’s ” Analytics ” tool has done a job that many people have tried but failed to do well—encrypted derivatives data analysis. The tool provides Bitcoin futures/options and Ethereum futures/options analysis charts. These charts almost Covers all the data points required by the user.
skew-class customer focused organization, to provide analytical services related to real-time encryption currency derivatives market overview, which contains more than 100 kinds of encryption options and futures chart, or a number of tools that launch the upcoming style with a Bloomberg terminal. skewTrading platform will initially focus on OTC supplied by the Chicago (CME) provides Bitcoin options and futures contracts traded in bulk (OTC) execution.
skew was founded in September 2018 by Emmanuel Goh and Tim Noat . The two co-founders previously served as equity derivatives traders for JPMorgan Chase Bank and Citibank.
Given the increasing popularity of cryptocurrency derivatives, it is particularly useful to use Skew to analyze the structure of the cryptocurrency market. Especially during the ” Black Thursday ” on March 12 this year, Skew analysis tools have proven to withstand market stress tests.
Skew, headquartered in London, has grown rapidly due to the expansion of the cryptocurrency derivatives trading market and has attracted much attention. Lianwen has reported that skew received US$2 million in seed funding in September last year. This round of financing was led by FirstMinute Capital, with participants including Seedcamp, Kima Ventures, QCP Capital and Kleiner Perkins. The company completed another US$5 million in financing in the first half of this year. It also announced the launch of a transaction execution platform. This round of financing was led by Octopus Ventures, a London-based venture capital fund of 1.2 billion pounds.
Messari
Messari core screening tool provided allows users to understand the short- and long-term price trend of tokens, while the preparation of a variety of portfolios to track the number of market-leading encryption currency funds.
Messari chart tool can track a variety of indicator data from year to date, such as:
- Bitcoin market performance vs. traditional assets;
- Inflation rate in the past year;
- The real trading volume of some of the top stablecoins with the largest market value.
Messari also provide a useful tool for the encrypted data is: liquidity supply curve (liquid supply curves), the user can find the tool on the corresponding property page.
On the other hand, the user before making investment decisions most difficult to understand, but one of the most important evaluation factor is the rate of inflation tokens supplied, Messari disclose registration information by working closely with the project and tokens combined, in order to understand the most accurate generations The currency release schedule to inform users when the market may face selling pressure. The information provided by Messari is relatively accurate.
Chain News Editor’s Choice: DeBank
Based on the tweets and articles published by Messari analyst Jack Purdy, the editor of Lianwen compiled the most useful cryptocurrency analysis data tools recommended by him, and found that he had missed the Chinese team. I must say, in terms of data sharing DeFi products from China DeBank team deserved named “the most practical and comprehensive data DeFi tool.” This is also the favorite DeFi data analysis tool of Lianwen’s editorial team.
Similar to DeFi Pulse, DeBank can provide data such as the lock-up amount of each DeFi protocol and rank them in turn. However, compared with DeFi Pulse, DeBank more delicate in terms of intelligence analysis of each contract agreement, from our experience point of view, DeBank presents data more precise.
In addition, because DeFi product innovation fast, DeBank DeFi provide product-related aspects of action data emerging very rapidly.
It is particularly worth mentioning that DeBank has launched DeFi ” real lock-up volume ” data-this is the lock-up volume data after excluding the endogenous assets of the DeFi ecosystem. Lock will generally refer to the total amount of Ethernet Square DeFi ecology (TVL) data as the most important indicator, but because of some assets by remortgaging will produce double counting, so DeBank true Lock amount of data will be excluded “within this section Health assets “or” derivative token “(such as LP Token, cToken, yToken), counting only ETH, USDC, USDT, platform, coins and other real assets. This data has more reference value.
In addition, DeBank also provides a trading platform parity to the center of trading features to help users find the best offer among the many DEX and complete the transaction chain.
This product will not only be among Uniswap and other AMM parity, but also integrates support for dYdX, DDEX such as order book type DEX, and 1inch, Paraswap and other polymerization type DEX and provide Gas costs compare to aid in nearly 20 DEX in users find the optimal path on the transaction chain in the true sense, while the user can check the actual slippage monitoring point in the transaction slip after the transaction is completed.
to sum up
Well, that’s want to recommend several encrypted data encryption tools used by currency analyst. The speed of change in the cryptocurrency industry is rapid, and these ten encrypted data tools are indispensable for those in the crypto industry who wish to analyze carefully.
With the continued development of encryption currency trade, the use of data analysis tools of funds, service providers and organizations will grow in number and size. In order to meet the ever-expanding needs of users, the functions provided by these analysis tools are bound to become more and more mature, and perhaps one day in the future will become like ” Bloomberg terminals “, ubiquitous in the market.
