Author: Stacy Muur
Compiled by: Snap Research Institute Team
This article will introduce 50 tools focused on market insights, protocol analysis, and data interpretation. Among them, tools like defillama, TokenTerminal, and Dune may already be familiar to you, but there are many other tools designed for specific research directions that are worth exploring. Let's get to know 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. The focus is on key aspects such as product appeal, token economics, fundraising, and community.
The goal is to assess whether a project has long-term growth potential based on these factors, rather than blindly following market hype.
1. Product Metrics
Here is a list of the main tools used to research product metrics (such as total value locked (TVL), active users, token holders, cross-chain net flows, trading volume, revenue dynamics, and treasury data) and evaluate the competitive landscape.
- TokenTerminal currently tracks data for over 400 mature protocols and provides one of the most comprehensive sets of analysis metrics. It also offers powerful tools for identifying data trends and changes in fundamentals and market perception in Web3, whether in general or by specific parameters or categories.
- defillama follows closely, 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. It also makes it easy to compare different protocols and see their influence distribution in certain categories or blockchain ecosystems.
- Next is Dune, which provides comprehensive dashboards for most Web3 protocols, summarizing their fundamental data.
- * Tip: If you can't find the data you need on Dune, check out Footprint Analytics. Its design is similar to Dune's, and it may contain some unique data.
Footprint Analytics ZKsync Era dashboard
- For researching Ethereum Layer2, L2Beat is probably the best tool, providing comprehensive data on the state of Ethereum rollups. For Bitcoin Layer2, Bitcoin Layers is the closest equivalent to L2Beat.
- Nansen is another powerful on-chain analysis tool, covering over 35 networks and nearly 400 protocols. It allows users to track various aspects of networks, tokens, and Non-Fungible Tokens, and even monitor investor and trader behavior. The downside is that most of the data requires a subscription to access.
- Artemis is a blockchain data science platform that provides key metric monitoring for projects, including financial, economic, and social data, as well as specialized Web3 domain statistics, with a focus on developer activity.
2. Releases and News
- Messari, in addition to providing basic fundamental data, is unique in aggregating the latest developments and news, and offering dedicated research reports. Although it is a paid research tool, it is highly recommended.
Messari Aptos: Latest News Dashboard
- CryptoPanic is a news aggregation and portfolio tracking platform designed for traders and cryptocurrency enthusiasts. It focuses on highlighting how various events impact the market and prices. It helps users track crypto-related news and market events to assess their potential impact on asset prices and investor sentiment.
- CoinMarketCal is a cryptocurrency economic calendar that allows users to track key market events. Stay up-to-date on new coin listings, exchange openings, Non-Fungible Token series releases, and major events and conferences.
- Coindar is another calendar tool for tracking projects, assets, and Web3 events. Similar to CoinMarketCal, it allows users to view various important event dates related to a project or token.
- Web3alerts is a platform designed specifically for receiving important Web3 event data and notifications. The platform allows users to track the launch and related dynamics of new projects. Investors and venture capital firms can subscribe to the service to ensure timely direct notifications.
3. Fundraising
Many platforms provide fundraising data, with defillama being the most popular. In addition, there are a few other recommended platforms that can help discover more fundraising information.
- CryptoRank is an analytics platform designed to track various data, including token, funding, and project metrics. It allows users to monitor a project's funding rounds, track top IDOs and ICOs, and discover current crypto airdrops. Additionally, the platform provides lists of ongoing and potential airdrops, with tasks and detailed guides, as well as data on token unlocks.
CryptoRank Latest Funding Rounds Data
- CypherHunter is a comprehensive profile database similar to LinkedIn, designed specifically for the crypto world. It collects information on blockchain projects, crypto-related individuals, and recent fundraising rounds.
- Crunchbase is a website that tracks detailed project information, including funding rounds, key investors, and total fundraising amounts. It also provides insights into employees, events, and potential contacts related to founders.
- Crypto Fundraising is a valuable resource that tracks the latest funding rounds, events, and news. It provides project information that may not yet be covered by other analysis platforms. The website also offers simple and convenient lists of funding, investors, and their contact information.
4. Token Economics
- Token Unlocks is a dedicated service platform for tracking token unlocks and token economics data. The platform allows users to filter projects and tokens and dive deep into their potential. It also provides real-time monitoring of token economics data and upcoming supply unlock events.
- CoinBrain is an analysis platform that provides on-chain and off-chain data. It offers various filtering capabilities to help users discover newly created tokens. The platform also includes new token rankings, upcoming token unlock lists, and cross-category search functionality.
Project Exploration
Many of the tools mentioned earlier are very useful for protocol discovery and narrative filtering. Additionally, 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 metrics of networks and tokens. It allows users to analyze market conditions, investor activity, and platform participation. The website also provides heatmaps in certain categories, providing a visual assessment of the potential of networks and assets over time or specific periods.
ChainBroker Protocol Dashboard
- DYOR is another excellent platform for tracking DeFi dynamics and providing a set of ranking dashboards based on specific on-chain metrics.
- Moni Discover is a unique tool that leverages community following trends to help you identify new early opportunities, covering everything from meme coins to infrastructure projects.
Trading
This category can be divided into three directions: social and copy trading, MEME coin trading, and market analysis.
1. Social Trading
- AlphaScan displays the discussion frequency of specific tokens on a particular date by monitoring the market sentiment of specific tokens and tracking the mentions of public chain coins and tokens on the X platform. Additionally, it reveals the potential earnings that KOLs may receive through token recommendations. This information can help assess the trading potential of certain bloggers and communities, as well as measure the market heat of specific assets.
- Cielo is a platform designed to monitor top traders' trades and obtain market insights. It provides basic notifications and insights, allowing users to track other traders' wallets and copy their strategies.
- Scopescan, formerly known as Watchers, is the first on-chain data analysis platform that utilizes the 0xScope knowledge graph. It can generate real-time data on important connections, providing comprehensive wallet activity information, a list of projects and tokens ranked by activity and total value locked (TVL), as well as insights into fund flows and smart money signals.
- Alphanomics is a multi-functional service platform that helps users track real-time DEX on-chain fund flows and trading dynamics, allowing them to grasp current market trends. The platform provides real-time insights, uncovers new asymmetric investment opportunities, tracks the strategies of the smartest traders and their wallets, and delves into their portfolio management approaches.
Alphanomics Smart Money DEX Flow
2. MEME Coin Trading
- The two most popular platforms for finding MEME coins and other newly created trading pairs are DexScreener and DEXTools. These platforms can help find the best prices, liquidity, and activity for specific trading pairs, as well as track wallet activity and other features.
- To monitor for potential malicious functions in smart contracts, it is recommended to use Honeypot (supports Ethereum, BNB Chain, and Base), De.Fi, and SolidityScan.
3. Market Analysis
- TradingView is the leading platform widely used by traders globally, known for its charts displaying trading data for thousands of assets across major exchanges. Users can customize chart formats, add personal notes, and conveniently compare assets.
- CoinGecko and CoinMarketCap are among the most commonly used market data tracking platforms, both providing extensive research centers for in-depth analysis.
- BlockchainCenter is a platform focused on providing various visual charts and metrics to help users track and compare network data. It allows users to assess market conditions, asset status, and the dominance of specific cryptocurrencies. The platform's visual charts are particularly noteworthy, effectively helping new traders understand current market trends.
BlockchainCenter Bitcoin Rainbow Price Chart
- Glassnode helps traders and investors predict key trends and inflection points for 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-chip projects. Additionally, Glassnode offers a variety of economic, financial, and network metrics, as well as industry research and reports.
- Coinglass is a comprehensive platform for tracking the financial state of various markets. It monitors the crypto market and other assets, including liquidations, long and short positions, and options trading, making it well-suited for professional traders.
- CryptoBubbles provides a visually intuitive service through bubble-shaped market maps. Users can easily track changes in market trading volume, identify which cryptocurrencies are actively rising or falling in price, view the holder distribution of specific assets, and observe their 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 were to reach the market capitalization of another cryptocurrency. For example, if Ethereum had the same market cap as Bitcoin, its price would be around $10,000.
Passive Income
Finding and managing the best passive investment pools can be challenging. Here are some tools that can help you more effectively discover and manage these investment opportunities.
- Revert is a comprehensive exploration tool and user interface designed specifically for Uniswap V2, V3, and Sushiswap AMM liquidity providers. It helps investors track investment efficiency and perform data analysis.
- Other platforms dedicated to discovering high-quality passive income opportunities include De.Fi and defillama.
Airdrops
Although the attention on airdrops has decreased compared to a year ago, they still remain an important source of passive income for many users. As mentioned earlier, the toolkit from CryptoRank can help users discover airdrops. Here are some platforms suitable for airdrop hunters.
- DropsTab is a multi-functional tool for tracking investment portfolios, analyzing the market, and discovering new airdrops. Its powerful features allow it to replace multiple analysis tools at once.
- Bankless provides services to track airdrops and promising projects, helping users choose which projects to participate in and allowing them to check for unclaimed airdrops related to their wallet addresses.
- Alpha Drops is a convenient platform specifically for tracking airdrops across the Web3 space. It provides user-friendly filtering capabilities, allowing users to select projects based on different categories. Each project page details the available tasks, funding metrics, and project stage information, whether in the testnet or mainnet phase.
Potential airdrop tags on Alpha Drops
- AirdropsAlert is a dedicated website that aggregates current and upcoming token airdrops, providing detailed steps to participate in these airdrops. Users can sort airdrops based on different criteria, such as whether KYC is required, to more easily find projects of interest.
Portfolio Tracking
Tracking a diversified investment portfolio across multiple blockchains, assets, and pools can be challenging. The following tools can help you manage your daily investments more effectively.
- DeBank is a platform focused on portfolio tracking and wallet monitoring. It can monitor all assets in a wallet, track transaction history, and view changes in historical net worth.
- CoinStats is a comprehensive portfolio tracking and analysis platform that allows users to monitor the status of assets across the entire market and view financial data in their wallets. It also provides access to transaction histories across multiple networks and can identify fraudulent transactions targeting your address.
- Arkham provides powerful tools that connect cryptocurrency activity to real-world individuals and institutions. The platform can track the operations of organizations, including large institutions and government entities.
Research
Covering companies that continuously publish valuable market research, focusing on macrotrends, narratives, or specific protocols. In addition to Messari, CryptoQuant, and Glassnode, here are some other recommended research sources.
- Delphi Digital is a research-driven firm with a global team dedicated to accelerating and driving the development of cryptocurrencies. It consists of three distinct entities - the research division, the lab, and the venture capital arm - all sharing the same brand and mission.
- Chainalysis is a leading blockchain analytics company that provides compliance and investigation tools for banks, crypto companies, and government agencies. It offers a suite of tools for transaction tracing, risk analysis, and data visualization.
Snapping Insights
In the crypto market, in-depth research is key to successful investing. By utilizing a variety of tools, investors can gain more comprehensive market insights and analytical capabilities. The article lists 50 top DYOR tools covering areas such as data analysis, trend monitoring, and social intelligence. These tools not only help users better understand market dynamics but also enhance the precision of investment decisions.
By leveraging these tools, investors can delve deeper into the crypto world and seize potential investment opportunities. As the market continues to evolve, maintaining a passion for learning and research is a must-have quality for every crypto investor. With these DYOR tools, investors can navigate the complex crypto landscape with confidence and make wiser investment choices.