What are Bubblemaps? 🫧
Bubblemaps (BMT) is an innovative tool for visualizing blockchain data that helps users quickly and intuitively understand the structure of token ownership. Instead of conventional lists of transactions or tables, Bubblemaps presents data in the form of interactive 'bubbles', where each bubble symbolizes a wallet, and its size represents the number of tokens in it.
How does it work?@Bubblemaps.io
The principle of Bubblemaps works on grouping. If several wallets interact with each other, they are grouped together. This allows for the identification of 'clusters' – for example, addresses belonging to an exchange, a project team, or conversely, related to market manipulation.
Key elements of visualization:
Bubbles: Each bubble represents a wallet. The larger it is, the more tokens are in that wallet.
Color: Colors help identify groups. For example, identical colors may indicate wallets belonging to the same entity or part of the same transaction network.
Connections: Lines connecting bubbles show token transfers between wallets.
Why is this necessary?
Bubblemaps is a powerful tool for enhancing transparency and security in the blockchain ecosystem. Here are a few ways it can be used:
Project analysis: Investors can easily check how tokens of a new project are distributed. If a large portion of tokens is concentrated in the hands of a few wallets, it may indicate high risk. Bubblemaps allows for quick identification of such cases, for example, if founders or large investors control a significant portion of the supply.
Manipulation detection: The tool helps track transactions related to 'pump-and-dump' schemes or insider trading. Clusters of related wallets may indicate coordinated actions.
Liquidity analysis: Users can see how tokens are distributed in liquidity pools, helping to assess market stability.
Researching NFT collections: Bubblemaps is also used to visualize NFT ownership, allowing users to see who owns the largest number of non-fungible tokens in a collection.
Bubblemaps on Binance
Integrating Bubblemaps into platforms like Binance opens new opportunities for users. Binance is already a leader in trading volume, and using such a tool can significantly enhance security and decision-making efficiency for millions of traders. Users will be able to quickly assess risks associated with new tokens and better understand market dynamics.#bubblemaps
