Harnessing the power of on-chain analytics can be a decisive factor in strengthening your understanding and making informed choices.
In this comprehensive article, we delve into the fundamental aspects of on-chain analysis and highlight some of the most effective tools to use for this purpose.
DeFi Call
As the name suggests, DeFi Llama acts as your guide through the winding paths of decentralized finance. The platform tracks key metrics on over 1,500 protocols to assess their growth and adoption.
DeFi Llama’s total value locked (TVL) data provides a clear snapshot of capital flowing into protocols. You can quickly compare market cap to TVL to gauge potential. The trading pair explorer helps uncover hidden gems with high liquidity and returns.
With coverage across 150+ blockchains, DeFi Llama offers unparalleled breadth. Its open source ethos also ensures transparency. Whether you are an investor, builder or enthusiast, DeFi Llama is an indispensable compass.
Glass button
Glassnode provides institutional grade fundamental analysis on crypto networks. Its platform gives you the tools to conduct in-depth research on entities such as exchanges, miners, custodians and OTC desks.
Robust indicators in Glassnode’s metric library contain insights such as network activity, supply dynamics and transaction volumes. Seamless integration with TradingView enhances technical analysis.
Although more advanced than DeFi Llama, Glassnode delivers unmatched quality for professionals. With more than 10 years of historical data, its commercial-grade analytics provide a vital advantage.
Dunes Analytics
Dune Analytics has become a premier destination for on-chain data thanks to its free access and visualization tools. The platform allows anyone to analyze crypto networks by creating human-readable SQL queries that output graphs and dashboards.
Whether you’re a developer building DeFi applications or an investor exploring protocol metrics, Dune empowers you to unlock insights. Pre-built templates make it easy to track things like exchange flow, transaction fees and other trends. Custom queries give you the flexibility to analyze anything.
Dune’s accessibility and wealth of on-chain data make it an essential resource. The vibrant community creates an interactive space to learn together.
Nansen
Nansen targets more advanced crypto investors with its robust on-chain analysis. The platform tracks more than 70 million tagged wallets to provide context on major transactions and trends. Features such as wallet profiling, tracking of exchanges and funds, and discovery tools provide an information advantage.
Although more expensive than free alternatives, Nansen gives professionals an exclusive look at activities such as staking, yield farming and NFT trading. Custom alerts notify you of important transactions. Investors serious about chain analysis should check out Nansen.
CryptoQuant
As a free middle ground between Dune and Nansen, CryptoQuant offers versatile insights into the chain. Its indicators analyze factors such as foreign exchange reserves, supply dynamics and holder behavior. Although some charts only go back to 2019, there is still enough data to inform trading decisions.
CryptoQuant makes on-chain analytics accessible to retail traders. With both summary dashboards and detailed indicators, it’s a well-rounded resource. Free access helps overcome the financial barriers of paid platforms.
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Santiment: Empowering informed investment decisions
Best for: Strengthening your investment decisions by tracking ongoing and emerging social trends.
Pricing: Starting at $49 per month. You can pay with SAN tokens or opt for DAI/ETH payments.
Santiment stands as a powerful cryptocurrency analysis tool, offering a wide range of features to conduct comprehensive crypto market research, explore new opportunities and analyze various metrics to make informed investment decisions.
With Santiment you can use specialized tools like Sanbase, which enables on-chain data analysis with charts for all coins. Recognize important market events and stay ahead of the curve. Additionally, the Santiment team strives to provide traders with high-quality insights, offering valuable reports, reviews and observations in their Insights section and newsletters.
Key features:
20+ on-chain, social and development statistics Social media listening and analysis features, including top 10 trending words on social media about cryptocurrencies Identification of emerging social trends Custom alerts for major network anomalies Personalized watch list for weekly coin updates Insights and behavior reports from Santiment’s crypto analysts
Disadvantages:
Despite its powerful features, some users find the UI/UX of Santiment weak, resulting in an overwhelming experience for retail users. In addition, some features can be considered relatively useless.
Token Terminal: In-Depth DeFi Analytics
Token Terminal emerges as another robust DeFi analytics tool with a comprehensive range of metrics to explore:
VAT figures, circulating supply, trading volumes, token holders, TVLs, fees, revenue, token incentives, P/S and P/F ratios, daily active users, and more. Data on exchanges, blockchains and the DeFi sector. Financial statements and fundamental analysis of projects.
As volatility remains an inherent part of crypto markets, Token Terminal serves as a valuable tool for staying informed and making well-calibrated decisions even during turbulent times.
Messari: Abundant data and research
Messari offers a range of products, including Messari Research and Messari Data, which provide a wealth of information:
Lots of data with a chart explorer, fundraising statistics and protocol data. Daily research reports covering a wide variety of crypto topics including DAOs, L1 and L2s, Web3, NFTs, Macro, and more. Quarterly and year-end reports that provide deeper insights.
One point to consider is that much of Messari’s research is not available for free. Accessing the most in-depth analysis requires signing up for a Pro or Enterprise account.
Artemis: Web3 Analytics and Ecosystem Reports
Acting as a web3 analytics platform, Artemis provides weekly ecosystem reports with a comprehensive dashboard that includes:
Developer activity and protocol usage. Data on DEX trading volumes and users. Analysis for different L1 and L2 chains.
Artemis also provides valuable free research reports covering activity in various ecosystems, further enriching the analytical toolkit.
LunarCrush
LunarCrush offers one of the most comprehensive overviews of crypto social trends. Its feed and tools allow you to track which coins are gaining the most online momentum and attention.
The platform analyzes social statistics across platforms such as Reddit, Twitter and Telegram. You can see which projects have rising or falling sentiment and activity. LunarCrush also enables social listening for alpha on emerging trends and opportunities.
For merchants, digesting social movement is just as important as on-chain analysis. LunarCrush makes this process seamless and informative. The variety of free features also makes it accessible to all users.
IntoTheBlock
IntoTheBlock focuses more on blockchain data and analytics around crypto assets. It picks up chain signals that can predict price movements and identify opportunities.
Some key metrics provided include exchange flow, concentration by major holders, developer activity and correlation with other assets. IntoTheBlock offers a well-rounded fundamental perspective on blockchain networks.
The platform also uses AI and machine learning for directional signals. It adds a predictive edge to complement its robust data feeds.
CaptainAltcoin’s authors and guest post writers may or may not have a vested interest in any of the projects and businesses mentioned. None of the content on CaptainAltcoin is investment advice nor is it a substitute for advice from a certified financial planner. The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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