According to BlockBeats, the DYOR team has developed a new tool called Alpha Screener, which is designed to help users find the right alpha in just 10 minutes. The tool is currently popular on DUNE and is being used to build data dashboards and models for the next generation of crypto investors.
Alpha Screener is a blockchain data analysis platform launched by @dyorcryptoapp. The platform is currently in an invitation-only stage. Alpha Screener helps users find the best crypto narratives across different time frames. Once the best-performing narratives are identified, users can delve into the token list within that narrative.
Users can sort the best tokens in the best-performing narratives, which means they can clearly identify winners and losers based on their relative strength. Relative strength measures an asset's median growth rate relative to the narrative index over different time ranges. A relative strength greater than 1 indicates that the token is currently performing better than the narrative index. If the relative strength is less than 1, it indicates that the asset is not performing well within the tracked time frame.
If a token performs well in all different time frames (24 hours, 7 days, 30 days, 90 days), it should be focused on. With just a few clicks, users can get the alpha.
The process involves identifying leading narratives, focusing on narratives with a relative strength greater than 1, and looking for narratives with high strength in different time frames (24 hours, 7 days, 30 days, 90 days). For example, 'DeFi 3.0' is one of the trending narratives in the 7-day, 30-day, and 90-day time frames.
The next step is to identify projects, focusing on tokens with a relative strength greater than 1, and looking for tokens with high strength in different time frames (24 hours, 7 days, 30 days, 90 days). GEAR was an alpha that could be seen in less than 5 minutes at the time.
The final step is to understand the project, find more useful tweets, and understand Gearbox and its impressive recent on-chain data growth. Research before taking risks.
The process is repeated, and miracles are witnessed. We track on-chain data and token economics of more than 33 tokens on @dyorcryptoapp, and users can check at any time when confirmation is needed.
This article uses GEAR as a real-time example to explain the workflow of the dashboard. It should not be viewed as any form of financial advice, and users can research and understand it more, and find other tokens using the Alpha Screener.
