Author: Surf Compiler: Cointime.com 237
For ordinary people, DeFi is undoubtedly too complicated.
The use of on-chain tools is crucial to help you find alpha. The problem is that there are too many tools to choose from. There are hundreds of tools on the market, how do we integrate all the information?
In fact, this may be the only tool you need.
KyberSwap recently announced the launch of KyberAI.
It provides traders with:
- Real-time on-chain data (transaction volume, whale tracking, CEX traffic, etc.).
- Funding rate information
- CEX clearing information
Please check it out here:
https://kyberswap.com/KyberAI/About?referrer=1888AC484CE
KyberAI was developed by the folks at Kyber - the same folks who power the KyberSwap DEX to ~$10M in daily trading volume.
KyberAI provides traders with cross-chain on-chain and off-chain technical data to help them make informed trades. It supports 4,000 tokens on 7 chains.
The KyberScore is a predictive model that generates a number between 0 and 100 indicating the probability of a token entering bullish or bearish territory in the next 24 hours.
KyberScores are recalculated every 4 hours, integrating various on-chain and off-chain data points.
1. On-chain data points:
KyberAI obtains the following on-chain data and uses moving averages of the factors being measured:
1. Net flows to CEX
2. Net flows to whale wallets
3. Amount of transfer
4. Number of holders
2. Off-chain data points:
KyberAI integrates off-chain OHLCV data through traditional technical indicators such as moving averages, EMA, MACD and RSI to further optimize the predictive power of the KyberScore model.
How to use it to discover early trends:
Volume is often an indicator of momentum picking up.
On the rankings page, you can filter over 4,000 tokens by 24 hour trading volume.
From there, you can click into $OP.
KyberScore will help you evaluate the token based on its predictive model and display a “bearish,” “neutral,” or “bullish” signal.
You can then scroll through “On-Chain Analysis” and “Technical Analysis”, providing traders with a comprehensive and quick overview of the recent coin performance.
It even has features like funding rates and clearing across CEXs - Coinlass’ functionality is built right into 1 page.
Here is a full video walkthrough of the KyberAI platform:
https://twitter.com/BlockchainAndy/status/1670466344444207105
KyberAI can help you become a smarter trader and assist you in executing DeFi strategies.