This article was compiled by the Ringing Finger Research Institute team
Original author: Stacy Muur
Original text: https://substack.com/home/post/p-149881273
In the Web3 world, whether you are trading, looking for airdrops, or making investments, thorough research is essential.
This article will introduce 50 tools that focus on market insights, protocol analysis, and data interpretation. Among them, DefiLlama, TokenTerminal, and Dune may already be well known to everyone, but there are many tools designed for specific research directions that are worth exploring. Let's take a look at these DYOR (Do Your Own Research) must-have tools.
Fundamentals
Fundamental research is the process of analyzing a project to understand its core value, appeal, and potential. Focus on key aspects such as product appeal, token economics, fundraising, and community.
The goal is to determine whether a project has long-term growth potential based on these factors, rather than blindly following market trends.
01 Product Specifications
Below is a list of tools used to study product metrics (such as total locked value TVL, active users, token holders, cross-chain net flow, transaction volume, revenue dynamics, and vault data) and evaluate the competitive environment.
TokenTerminal currently tracks data for over 400 established protocols and provides one of the most comprehensive analytical metrics. It also provides powerful tools for identifying data trends and changes in fundamentals and market perceptions in Web3, either in general or by specific parameters or categories.
DefiLlama follows closely behind, tracking over 3,000 protocols. If you can’t find a protocol on TokenTerminal, you can turn to DeFiLlama to get key TVL, volume, and token metrics data. It also makes it easy to compare different protocols and show their influence distribution in certain categories or blockchain ecosystems.
Next up is Dune, which provides a comprehensive dashboard for most Web3 protocols, summarizing fundamental data for each protocol.
* Tip: If you can’t find the data you need in Dune, check out Footprint Analytics. It has a similar design to Dune and may contain some unique data.
ZKsync Era Dashboard on Footprint Analytics
When studying Ethereum Layer2, L2Beat is probably the best tool, which provides comprehensive data on Ethereum's aggregated state. For Bitcoin Layer2, Bitcoin Layers is the closest counterpart to L2Beat.
Nansen is another powerful on-chain analysis tool that covers more than 35 networks and nearly 400 protocols. It allows users to track various aspects of networks, tokens, and NFTs, and even monitor the behavior of investors and traders. The downside is that most of the data requires a subscription to obtain.
Artemis is a blockchain data science platform that provides key metrics monitoring for projects, including financial, economic, and social data, while also covering statistics for specific Web3 sectors and specifically tracking developer activity.
02 Release and News
In addition to providing basic fundamental data, Messari is unique in that it aggregates the latest developments, news, and provides specialized research reports. Although it is a paid research tool, it is highly recommended.
Aptos on Messari: Breaking News Dashboard
CryptoPanic is a news aggregation and portfolio tracking platform designed for traders and cryptocurrency enthusiasts. It focuses on the impact of various events on markets and prices. It helps users track news on cryptocurrencies and related markets to assess their potential impact on asset prices and investor sentiment.
CoinMarketCal is an economic calendar for crypto assets that allows users to track key market events. Stay up to date on new coin listings, new exchanges opening for trading, NFT collection releases, and major events and conferences.
Coindar is another calendar tool for tracking projects, assets, and Web3 events. Similar to CoinMarketCal, it also allows users to view the dates of various important events related to a project or token.
Web3alerts is a platform designed for receiving data and notifications on important Web3 events. The platform allows users to track new project launches and related developments. Investors and VCs can subscribe to the service to ensure that they receive direct notifications in a timely manner.
03Fundraising
Many platforms provide fundraising data, the most popular of which is DefiLlama. In addition, there are some recommended platforms that can help discover more fundraising information.
CryptoRank is an analytics platform designed to track a variety of data, including metrics for tokens, funds, and projects. It enables users to monitor fundraising rounds for various projects, track top IDOs and ICOs, and discover current crypto airdrops. In addition, the platform provides a list of ongoing and potential airdrops with tasks and detailed guides, as well as data on token unlocks.
Latest Fundraising Rounds Data on CryptoRank
CypherHunter is a comprehensive LinkedIn-like database designed specifically for the crypto world. It collects information about blockchain projects, people involved in the crypto space, and data on recent fundraising rounds.
Crunchbase is a website that tracks detailed project information, including funding rounds, lead investors, and total funding. It also provides insights into employees, events, and potential contacts for founders to connect with.
Crypto Fundraising is a valuable resource that tracks the latest fundraising rounds, events, and news. It provides information on projects that are not yet covered by other analytical platforms. The site also provides an easy-to-use list of funds, investors, and their contact information.
04 Token Economics
Token Unlocks is a service platform dedicated to tracking token unlocks and token economics data. The platform allows users to screen projects and tokens and conduct in-depth analysis of their potential. In addition, it monitors token economics data and upcoming supply unlock events in real time.
CoinBrain is an analysis platform that provides on-chain and off-chain data. It provides multiple filtering functions to help users search for newly created tokens. The platform also includes a new coin ranking, a list of tokens to be unlocked, and search functions across multiple categories.
Project Exploration
Many of the tools mentioned above are useful for protocol discovery and narrative screening. In addition, there are some powerful multi-purpose dashboards that can help assess the current state of the market and uncover new investment opportunities.
ChainBroker is a service designed to track various financial indicators of networks and tokens. It enables users to analyze market conditions, investor activity, and platform participation. The site also provides heat maps in certain categories to visually assess the potential of networks and assets over time or for a specific period.
Protocol Dashboard on ChainBroker
DYOR is another excellent platform for tracking what’s happening in DeFi and provides a set of leaderboard dashboards based on specific on-chain metrics.
Moni Discover is a unique tool that leverages community following trends to help you identify new early-stage opportunities, from meme coins to infrastructure projects.
trade
This category can be divided into three directions: social and copy trading, Meme coin trading and market analysis.
01 Social Trading
AlphaScan monitors the market sentiment of specific tokens and tracks the number of mentions of public chain coins and tokens on platform X to show how often they are discussed on a specific day. In addition, it reveals the potential benefits that KOLs can earn by recommending tokens. This information can help evaluate the trading potential of certain bloggers and communities and measure the market popularity of specific assets.
Cielo is a platform designed to monitor top traders’ trades and gain market insights. It provides basic notifications and insights, enabling users to track other traders’ wallets and copy trades based on those strategies.
Scopescan, formerly known as Watchers, is the first on-chain data analysis platform that leverages the 0xScope knowledge graph. It generates data on important connections in real time, providing comprehensive wallet activity information, a list of projects and tokens ranked by activity and total locked value (TVL), and insights into fund flows and smart money signals.
Alphanomics is a multi-functional service platform that helps users track the flow of funds and transaction dynamics on the DEX chain in real time, so as to grasp the current market trends. The platform provides users with real-time insights, explores new asymmetric investment opportunities, tracks the strategies of the smartest traders and their wallets, and has a deep understanding of their portfolio management methods.
Smart Money DEX Stream on Alphanomics
02Meme coin transactions
The two most popular platforms for finding Meme Coin and other newly created trading pairs are DexScreener and DEXTools. These platforms can help find the best price, liquidity and activity for a specific trading pair, and can track wallet activity, among other features.
To monitor potentially malicious functions of smart contracts, we recommend using Honeypot (supports Ethereum, BNB chain, and Base), De.Fi, and SolidityScan.
03 Market Analysis
TradingView is a leading platform widely used by traders around the world, famous for its charts showing trading pairs of thousands of assets on major exchanges. Users can customize chart formats according to their needs, add personal notes, and easily compare assets.
CoinGecko and CoinMarketCap are among the most commonly used market data tracking platforms, and both offer rich research centers for users to conduct in-depth analysis.
BlockchainCenter is a platform that focuses on providing a variety of visual charts and indicators to help users track and compare network data. It enables users to evaluate market conditions, asset status, and the dominance of specific currencies. The platform's visual charts are particularly prominent and can effectively help novice traders grasp current market trends.
BlockchainCenter’s Bitcoin rainbow price chart
Glassnode helps traders and investors predict key trends and turning points in digital assets. The platform focuses on advanced blockchain and market data, providing unique insights into fund flows, asset fundamentals, and market sentiment for Web3 blue chips. In addition, Glassnode provides a variety of economic, financial, and network indicators, as well as research and reports on the state of the industry.
Coinglass is a comprehensive platform for tracking the financial status of various markets. It monitors crypto markets and other assets, including liquidations, long and short positions, and options trading, making it ideal for professional traders.
CryptoBubbles provides an intuitive service by displaying a market map in the form of bubbles. Users can easily track changes in market trading volume, identify which cryptocurrencies are actively rising or falling in price, view the proportion of holders of a specific asset, and observe its dynamics.
CryptoQuant is a powerful and community-driven market data research platform that provides a wealth of in-depth research and insights from the CryptoQuant team and its users.
MarketCapOf allows users to estimate the price of a cryptocurrency if it reaches the market capitalization of another cryptocurrency. For example, if Ethereum had the market capitalization of Bitcoin, its price would be around $10,000.
Passive income
Finding and managing the best pool of passive investments can be overwhelming. Here are some tools that can help you find and manage these investment opportunities more efficiently.
Revert is a comprehensive exploration tool and user interface designed for AMM liquidity providers of Uniswap V2, V3 and Sushiswap. It helps investors track investment efficiency and conduct data analysis.
Other platforms that specialize in discovering quality passive income opportunities include De.Fi and DefiLlama.
airdrop
Although airdrops have received less attention than a year ago, they are still an important source of passive income for many users. As mentioned earlier, CryptoRank's tool suite can help users discover airdrops. Here are some platforms suitable for airdrop hunters.
DropsTab is an all-in-one tool for tracking portfolios, analyzing markets and discovering new airdrops. Its powerful features make it a great replacement for multiple analysis tools at once.
Bankless provides a service to track airdrops and promising projects, helping users choose projects to participate in and allowing them to check unclaimed airdrops associated with wallet addresses.
Alpha Drops is a convenient platform dedicated to tracking airdrops in various Web3 fields. It provides user-friendly filtering functions, allowing users to select projects according to different fields. Each project page lists the available tasks, funding indicators and project stage information in detail, whether it is in the test network or main network stage.
Potential airdrop tags on Alpha Drops
AirdropsAlert is a website that aggregates current and upcoming token airdrops and provides detailed steps to participate in them. Users can sort airdrops based on different criteria (such as whether KYC is required) to more easily find projects of interest.
Portfolio Tracking
With so many blockchains, assets, and pools, it can be challenging to keep track of a diverse portfolio. The following tools can help you manage your day-to-day investments more efficiently.
DeBank is a platform focused on portfolio tracking and wallet checking. It can monitor all assets in the wallet, track transaction history, and view historical net value changes and other information.
CoinStats is a comprehensive portfolio tracking and analysis platform that allows users to monitor the status of assets across the market and view financial data in their wallets. It also provides access to transaction history across multiple networks and can identify fraudulent transactions against your address.
Arkham provides powerful tools to connect cryptocurrency activity with real-world individuals and institutions. The platform is able to track the operations of organizations, including large institutions and government entities.
Research
Covers companies that consistently publish valuable market research, focusing on macro trends, narratives, or specific protocols. In addition to Messari, CryptoQuant, and Glassnode, here are some other recommended research sources.
Delphi Digital is a research-driven company with a global team dedicated to accelerating and advancing the development of cryptocurrency. It consists of three distinct entities - Research, Labs and Ventures - that share the same brand and mission.
Delphi Featured Reports
Chainalysis is a leading blockchain analysis company that provides compliance and investigation tools to banks, crypto companies, and government agencies. It offers a suite of tools for transaction tracing, risk analysis, and data visualization.
Finger snap view
In the crypto market, in-depth research is the key to successful investing. By using a variety of tools, investors can gain more comprehensive market insights and analytical capabilities. The article lists 50 top DYOR tools covering data analysis, trend monitoring, and social intelligence. These tools can not only help users better understand market dynamics, but also improve the accuracy of investment decisions.
By making proper use of these tools, investors can explore the crypto world more deeply and seize potential investment opportunities. At the same time, as the market continues to develop, maintaining a passion for learning and research is a quality that every crypto investor must possess. Using these DYOR tools, investors can navigate the complex crypto market and make smarter investment choices.
