What tools are those DeFi and NFT diamond hands using to mine Web3 opportunities?

Original Title: "What Tools Are DeFi and NFT Diamond Hands Using to Mine Web3 Opportunities?"

Original Author: Day, Plain Language Blockchain

With the DeFi summer of 2020 and the NFT craze of 2022, the blockchain infrastructure and applications are becoming more and more prosperous. According to defillama, the total locked-in value of DeFi has reached 47 billion US dollars, and at the peak of the bull market, it was close to 180 billion US dollars. According to NFTGo data, the total trading volume of NFT has reached 40.2 billion US dollars.

Due to the recent bear market after experiencing a bull market, it is believed that the market for DeFi and NFT will be even larger in the next bull market. This will bring about a surge in on-chain data, and on-chain data analysis will become an increasingly fundamental skill for investment in the blockchain industry.

Although blockchain boasts openness, transparency, and immutability, most investors still face the challenge of understanding the complex data within the industry. While the data is on the chain, it may not be easily comprehensible to the majority of investors. There is still a high barrier to accessing and interpreting the data, making it difficult to know where to find it and how to view it.

To do a good job, one must first sharpen one's tools. Finding the right tools can help you achieve your goals in the least amount of time. In this article, we will organize some of the most commonly used on-chain analysis websites on the market.

01 Infrastructure

1. Blockchain Browser (Etherscan)

A blockchain explorer, as the infrastructure of the industry, can be used to review and analyze all data stored on the blockchain. The explorer allows users to search and examine on-chain historical information through addresses (alphanumeric or ENS format), transaction hashes, block heights, token names, etc.

It can be said that the source of all data in the industry can actually be queried on the blockchain browser. The blockchain browser embodies the traceability and transparency advantages of on-chain data in the blockchain.

Purpose of web browsers:

1. Query: Through the browser, we can query a series of information related to our daily transfers, such as transfer amount, handling fee, block generation time, etc.

2. Traceability: Check transfer records to understand the flow of funds.

3. Analysis: Conduct investment analysis by examining a series of data, including large account and high-value transactions, active address count, on-chain transaction volume, token holder count, and market information through browser queries.

二、市场大数据工具（CoinGecko）

Translation:

2. Market Big Data Tool (CoinGecko)

As a cryptocurrency industry practitioner, we occasionally need to search for project websites, prices, market caps, trading volumes, and other information. Where there is demand, there is a solution, and market big data tools are specifically designed to provide us with these services.

The rise of DeFi in the past 20 years has led many users to develop a habit of checking various project contracts at any time. CoinGecko has gained users' favor during this period due to its fast and accurate information retrieval, and is currently the mainstream cryptocurrency data aggregation website in the industry.

Some market big data tools have been invested or acquired by institutions, and there are some issues with the objectivity of some of the data. However, compared to other market big data tools, CoinGecko has better data objectivity.

On the other hand, he can timely capture the latest projects and related basic information on the market, making it convenient to query. The information collection data is complete, with 12,319 kinds of token data already included. It has multiple derivative functions and has set up DeFi, NFT zones, beginner teaching zones, market information push, and more.

CoinGecko Main Features:

1. Query Token basic information: including project official website, market value ranking, token price and price trend, online platform and other related basic information.

2. Beginner's Guide: Provides beginner's tutorials, glossary, and cryptocurrency market news to help users quickly get started and keep up with the latest developments in the cryptocurrency market.

02 DeFi Data

One, Dune analytics (data analysis tool)

Dune Analytics is an all-in-one platform that combines querying, visualization, sharing, and exploring of DeFi and NFT data. As an on-chain data analysis tool, Dune's core function is to query and analyze massive amounts of on-chain DeFi and NFT raw data, and then transform this data into charts and dashboards. It aims to mine the value of on-chain data and provide customized data analysis services for community users.

Although the information on the blockchain is open source, it is very difficult to find valuable information from massive data. For example, it is too complicated for non-programmers to know the number of users of a certain project or the trading volume of DEX. Dune Analytics can solve the above problems very well. It provides a platform to capture all data on the chain, and community users can extract the required data through certain programming basics and make data into various analysis charts.

Dune analytics main features:

1. Community Control Panel (Search Function): Users only need to search for keywords according to their own needs to find the content they need. With the operation of Dune, the community users have already created a very rich Dashboard. Users can also click on tags such as DeFi, NFT, and Ethereum to filter and select the content they are interested in on the Dashboard.

2. User-defined control panel: When users cannot find the content they need, they can create a dashboard according to their own needs to monitor the on-chain data they are interested in.

二、DeFi Llama（DeFi TVL Data）

DeFi Llama is a number that focuses on tracking and statistics of DeFi TVL. It tracks data on over 150 chains and more than 2000 defi protocol total value locked (TVL) and trading volume data. The data comes from Uniswap and SushiSwap, and is supported by the Coingecko team in terms of technology. It is currently the largest TVL aggregator in the industry.

For the calculation of TVL, due to the continuous emergence of new contracts and protocols, various methods of mortgage and lock-up calculation are different, which makes it difficult to accurately calculate the true TVL. However, DeFi Llama's provision of TVL data is currently considered to be relatively accurate in the industry, and people generally rely on their data. TVL can be said to be a very important measure for evaluating whether a defi project is of high quality.

DeFi LIama Main Functions:

1. TVL (Total Value Locked) Query: DeFi Llama allows you to view the changes in TVL for most DeFi projects in the industry over various time periods, overall rankings, rankings of each protocol within each chain, market share of TVL for each chain, and a series of other information categorized by sector and function. Clicking on each protocol also allows you to view basic data, TVL changes, and currency distribution for each protocol.

For example, in the current hot arbitum ecosystem, you can find out which projects have a high TVL ranking and the TVL changes of each protocol through queries to help filter out more valuable projects.

2. Protocol revenue query: DeFi Llama can view the revenue, treasury revenue, active user count, market value, and other changes of various defi protocols. During the defi summer of 2020, the main way to judge the value of a defi project was to look at its TVL changes. However, after the bear market baptism, now the way to judge the value of a defi project is to see if the protocol is making money.

Three, Messari (Data Analysis and Research)

Messari is a data analysis and research company that has built a blockchain database using open source tools. The stored data includes information on the funds, development history, management structure, and supply plans of various blockchain projects. They mainly provide project research, news, indicators, and real-time data to help users analyze and research the latest developments in the cryptocurrency industry. Their website has hundreds of thousands of monthly users and offers both free and paid subscriptions (annual fee of $300).

Messari Main Functions:

1. Research report analysis: After entering the circle for a period of time, you must have heard of or seen the name Messari in the community. The most widely circulated information between the media and the community is their research report. Messari's research reports include quarterly and annual progress reports for various tracks, research reports for various projects, and current hot topic concepts, etc., which grasp the latest industry trends in a timely manner. Some reports are paid content, but of course, there are also some free content.

2. Data Analysis: Messari monitors the key sources and communication channels of all top projects, covering major underlying protocols, DeFi assets, and latest developments. For a project, its price, quantity, market capitalization, volatility, etc., all of this information has its own indicators and charts to help users understand the progress of a project clearly.

03 NFT and GameFi

One, NFTGo (Comprehensive Data Platform)

NFTGo is a one-stop NFT data aggregation platform. NFTGo aggregates, analyzes, and presents NFT data from across the web, providing functions such as NFT search, data visualization, rarity queries, and whale tracking.

Main function:

1. Search: NFTGo provides comprehensive and detailed overall data statistics for the NFT market, collecting real-time NFT trading and asset data from across the web and visualizing the data in a way that users can understand, helping users assess the current state of the NFT market. Users can search to learn about the basic information of NFT projects.

2. Ranking function: NFTGo has a comprehensive ranking function, covering various chains, transaction volume, gas consumption, and other dimensions of ranking.

3. Whale Tracking: Understand which NFTs are held by the kol and track the changes in their positions in real time.

二、DappRadar (Dapp Data Aggregation Platform)

DappRadar has over 12,000 decentralized applications (Dapps) deployed on more than 30 chains, covering categories such as finance, gaming, collectibles, social media, and more. With over 1 million monthly active users, DappRadar serves as a Dapp discovery platform and market data analysis platform, effectively assisting Dapp users in understanding market data and making informed market decisions.

Main function:

1. Ranking List: DappRadar's ranking function summarizes the active user volume, transaction frequency, transaction volume and other information of various Dapps, which can help users better discover, track and analyze the latest Dapps; calculate the real-time ranking of NFT based on NFT transaction volume, average price and other indicators, making it easy for users to discover and choose popular NFTs on different blockchains.

2.Portfolio (Address Tracking): Input the address and you can analyze and monitor the value changes of the wallet assets, browse DeFi assets and liabilities, NFT holdings and other information.

04 Others

一、ultrasound  

Translation:

一、ultrasound  

(Note: No translation is needed for this content as it contains HTML tags and English characters.)

Ultrasound can be used to view Ethereum burning statistics (including burning amount, burning speed, and burning rankings of various applications), gas rate changes, circulation changes (supply and issuance), Ethereum total lock-up volume (TVL) and rankings. It is mainly used to view Ethereum burning data. When you find that Ethereum suddenly becomes congested, you can clearly observe where the problem lies.

二、l2beat 

Translation:

2. l2beat 

Used to view the TVL lock-up data and rankings of various Layer 2s.

Three, Token Terminal  

主要提供 defi 协议收入数据图表，以及各个协议的活跃用户数，TVL，开发者等信息。

Mainly provides data charts of defi protocol revenue, as well as information on the number of active users, TVL, developers, and other details of each protocol.

Four, Nansen  

A very good data analysis platform in the industry, with various data chart analysis of projects. Nansen's most outstanding feature is its Smart Money function, which has a very powerful wallet address analysis function and can quickly capture changes in the positions of large whales. It is mentioned here because most of its functions are charged, and the minimum cost per month is $1000, which has deterred most users.

Five, Panic Greed Index 

The range of the Fear and Greed Index is 0-100, with lower scores indicating more fear and higher scores indicating more greed.

0-24 represents "extreme fear", indicating that investors are selling heavily.

25-49 represents "fear", which means a significant number of investors are selling, while market interest remains low.

50-74 points represent "greed", which means that a large amount of buying is happening, causing prices to rise.

75-100 represents "extreme greed", indicating that the market is very hot and the market "bubble" may burst soon.

The Panic Greed Index was launched in 2018. Generally, the numerical changes have little reference value, but when the score is extremely low (below 10) or extremely high, it often indicates that the bear market low point or the bursting of the bull market bubble is not far away.

Above are some of the popular data analysis tools in the industry. Some of the similar and competitive ones are not listed here, only the representative ones are selected. With the continuous development of the blockchain industry, data analysis will become one of the essential basic skills for every investor, and accurate market judgment will inevitably be assisted by good tools.

Most people's first reaction when they see articles about types of data analysis tools is to bookmark them. For readers who are not familiar with these tools, it is recommended that they take the time to experience each product and understand their functions and differences. It is believed that this will improve their personal research and analysis abilities.

Regarding encryption data tools, do you have any other useful recommendations? Feel free to discuss in the comments section.

Original article link

欢迎加入律动 BlockBeats 官方社群：

Telegram 订阅群：https://t.me/theblockbeats

Telegram 交流群：https://t.me/BlockBeats_App

Twitter 官方账号：https://twitter.com/BlockBeatsAsia