Are you interested in learning about blockchain, cryptocurrencies, and decentralized applications (DApps)? Do you have difficulty identifying potential projects and miss investment opportunities? As a newcomer to Web3, what common analysis tools should you not miss? Then, this guide can help you "start" this journey. It will organize the tools commonly used by new Web3 players to help Web3ers obtain information more efficiently and make more reasonable decisions.
In the crypto world, there are three types of analysis:
Fundamental Analysis: Examine fundamental aspects of the project such as token economics, team behind it, source code, announcements, features, and news surrounding the token.
Technical Analysis: Use indicators to examine charts and price movements of crypto assets on different time frames (hourly, daily, weekly, etc.).
On-chain analytics: Examine the activities and transactions of different projects at the blockchain level.
In this issue, we will bring you corresponding analysis tools around these three types of analysis. Finally, we also summarize some commonly used information acquisition channels to facilitate everyone to master more first-hand news. I hope useful to you.
It will be updated from time to time.
Fundamental analysis
Fundamental analysis, also known as the basic analysis method, is a method for investors to conduct a comprehensive analysis of the team behind the Web3 project, project value, project operation status, development status of the industry where the project is located, market macroeconomic form, etc., in order to evaluate and judge the reasonable value of the investment target. Compare the gap between the current price and the fair market value to determine whether it has investment value and how much investment space it has, and formulate corresponding investment suggestions.
Through fundamental analysis, based on a basic understanding of the overall market, combined with technical and on-chain analysis, investors can better understand the rules of the crypto asset market, find high-quality investment targets and investment methods, and obtain more ideal investment returns.
Web3 top investment institution
The lineup of institutions that pay attention to the project is very important. As the vane of investment in the crypto world, they receive high attention and have strong appeal. Paying attention to the following leading venture capital institutions will help you better grasp industry trends.
a16z
Most people may have heard of the a16z venture capital fund from the United States, which aims to invest in crypto assets and Web3 startups. In May, a16z announced that it had raised $4.5 billion for its fourth crypto fund "Crypto Fund IV", further betting on the cryptocurrency field.
https://a16zcrypto.com/
Paradigm
As one of the top venture capital funds in the crypto industry, Paradigm makes quick and accurate moves, earning billions of dollars in returns from just one investment in Uniswap. Their investments range from $1 million in seed rounds to over $100 million in growth rounds.
https://www.paradigm.xyz/
Binance Labs
Binance is the world’s largest cryptocurrency exchange by trading volume, and Biance labs is its venture capital and incubation arm. By identifying, investing in, and empowering promising blockchain entrepreneurs, startups, and communities, Binance Labs is committed to supporting top projects that promote Web3 and blockchain technology.
https://labs.binance.com/
Coinbase Ventures
Coinbase Ventures is an investment arm of the Coinbase exchange that aims to invest in early-stage cryptocurrency and blockchain startups. Including well-known cryptocurrency data providers: CoinMetrics, Messari, Flipside Crypto, Dune, Nansen, CoinTracker, & Moralis, etc.
https://www.coinbase.com/ventures
Multicoin capital
Multicoin Capital is now one of the most successful investment institutions in the venture capital industry. Representative investment cases include Helium, The Graph, etc. Recently, the institution announced the establishment of a new $430 million venture capital fund, Venture Fund III.
https://multicoin.capital/
Many analysts have this view on the Web3 world: if ordinary people want to make profits in it, there are only two methods, either relying on cycles or relying on emotions. Cycle refers to the impact of the economic environment, while emotion refers to the fear and greed of retail investors.
Fear & Greed Index (Sentiment Dashboard)
The instrument has an index ranging from 0 to 100. Below 24 is extreme fear, 25 to 49 is fear, 50 to 74 is greed, and above 75 is extreme greed.
No matter what your risk preference is, the Fear & Greed Index can better let you understand the true feelings of the market and understand the potential risks in the market.
https://alternative.me/crypto/fear-and-greed-index/
Crypto Panic (News Aggregator)
CryptoPanic is one of the most popular news aggregation platforms dedicated to crypto. When you visit its dashboard, you'll see news headlines from multiple sources. There is a lot of news, so you can sort it by importance and filter out the noise in the information. Crypto Panic gives you insights into specific project currencies and the market as a whole.
https://cryptopanic.com/
Crypto Rank (ICO/IEO/IDO information)
Tokens issued through IDO and IEO will generally increase several times, dozens, or even hundreds of times after listing, although most of them are speculative. Therefore, it is crucial to understand IDO and IEO data. CryptoRank is a platform with various types of token information, especially for new crypto tokens and crypto tokens that are about to go online. The website has more detailed launch time points, as well as white papers or project introductions. If there is development potential, I It will be written into the schedule to remind myself when the new currency will be released.
https://cryptorank.io/
Twitter Scan (Twitter analysis)
Twitterscan is a tool that can help users quickly locate popular projects (tokens or NFTs), identify high-quality users, discover new projects, and identify hot topics.
My favorite function is Whale Followers. Every time you click on a project, you can check which KOLs, whales, and institutions have followed the project.
https://twitterscan.com/
technical analysis
Technical analysis is an analysis method for investment traders to analyze and study the economics of investment target tokens, summarize market rules, and speculate on future project token price trends, best buying and selling points, and other information.
CMC (Comprehensive market data)
Almost everyone is using CoinMarketCap to browse the most common parameters of cryptocurrencies, such as price, market cap, and trading volume. Thousands of assets are listed here, and users can use this information to track the hottest projects as well as new projects in real time and make trading investment decisions.
https://coinmarketcap.com/
Opensea (NFT trading platform)
Currently, Opensea is the largest NFT trading market in the world. Users can mint, display, trade, and auction NFT on the platform. OpenSea is the most important part of the NFT ecosystem and can quickly gain a sense of the industry through the NFT data it publishes.
https://opensea.io/
Trading view (comprehensive market data)
For all cryptocurrency investors, every thoughtful investment needs to look at one thing, and that is the market chart of the project token. TradingView may be the largest digital cryptocurrency investor platform in the world. The amount of trading data, number of investors and real activity it has far exceeds all exchanges on the market.
https://www.tradingview.com/
LoanScan (lending platform deposit and lending interest rates)
Compare deposit and borrowing rates across different platforms in Ethereum.
https://linen.app/interest-rates/borrow
On-chain analysis
On-chain data analysis has always been an indispensable and important link in the blockchain industry.
With the rise of many public chains, the gradual development of DeFi, the surge in NFT transaction volume, and the enrichment of on-chain social activities, users have more needs for analysis of on-chain data. Whether they are small trading funds or large institutions, they increasingly rely on various analytical tools to make their own investment decisions.
DeFiLlama (DeFi comprehensive data)
TVL is one of the most important reference indicators for Defi projects. DeFiLlama is able to accurately and quickly track TVL data and transaction volume data for over 150 chains and a large number of different protocols. DeFiLlama is much more than an ordinary DeFi statistics center. The project also provides real-time yield indicators, stablecoin charts, liquidation activity, airdrop opportunities, hacker news, and more data.
For example, under Categories, it is classified according to the type of protocol, including decentralized exchanges, lending, cross-chain bridges, various liquidity and single-coin pledge mining. Under Chains, we can also intuitively see the lock-up amount of each chain, which is the TVL ranking. The higher this indicator, the more prosperous the DeFi ecosystem on the chain is. After clicking on these chains, we can see the ranking of the DeFi protocols on the corresponding chains. You can also click in to view the details of a certain protocol.
https://defillama.com/
Etherscan (Ethereum blockchain browser)
The data on the chain will almost always have its own blockchain browser depending on the public chain it is located on. And Etherscan is the entrance to Ethereum. This website allows you to search for transactions, blocks, wallet addresses, smart contracts, and other on-chain data, and conduct Gas track, NFT track, etc.
https://etherscan.io/
Nansen (on-chain asset activity tracking)
If Etherscan is an encyclopedia (objective), then Nansen is more like a newspaper (subjective). Important for people who want to learn more about block explorers such as Etherscan. You'll need both of them. So, you don't have to replace one with the other.
Nansen positions itself as an "on-chain analysis platform for crypto traders and investors", so its core competitiveness is mainly data analysis and processing capabilities.
Nansen labels some addresses with special ** classification labels based on automatic recognition by algorithms. **For these tagged addresses, Nansen can use the fully public nature of the data on the chain to further track them. Effectively help users follow up on real activities on the chain in real time and understand Smart Money’s activities in investment, mining, governance, and DApp.
Smart money的流动提供了资金进入和退出信号，从而可以发现新投资并重新评估现有投资。
https://www.nansen.ai/
Dune (on-chain data visualization analysis)
Dune Analytics is a public UGC (User Generated Content) community platform that opens the original on-chain data query to users, allowing users to use SQL code to conduct customized data analysis and generate their own customized data visualization Dashboard for other users to view. There are already many Dashboards made by great masters.
The coolest thing about Dune is that it covers data statistics of DeFi and NFT projects on various chains, such as Ethereum, Arbitrum, Optimiism, Polygon, etc.
https://dune.com/home
Glassnode (comprehensive blockchain on-chain data)
Unlike Nansen, which focuses on on-chain asset tracking capabilities, Glassnode Studio provides a more comprehensive on-chain analysis data. From the most basic cryptocurrency exchange data to profit-loss ratios, miner data and more. Help users comprehensively analyze the position status of the entire market to make trading decisions.
In addition, Glassnode Insights also releases market analysis reports from time to time.
https://glassnode.com/
Token Terminal (traditional financial indicators of the project)
Token Terminal mainly provides the income status of many on-chain protocols, including total income, expenses, TVL, and the price-to-sales ratio and price-earnings ratio estimated based on income, providing reliable reference data for project valuation based on traditional company methods.
Currently, it supports querying data of more than 20 mainstream chains and more than 150 protocols.
https://tokenterminal.com/terminal
DappRader (comprehensive Dapp data)
This tool can view data such as transaction volume and number of active addresses of popular Dapps on all public chains. It is convenient for everyone to compare the data of Dapps of interest. At the same time, you can also track, analyze and manage your own asset wallet.
https://dappradar.com/
Staking Rewards (Staking data)
StakingRewards is a world-renowned staking project ranking website that can help users easily stake tokens and understand the staking status of different public chains. Through StakingRewards’ services, users can view and compare returns from all these projects in one place.
https://www.stakingrewards.com/
L2BEAT (Layer2 comprehensive data)
L2BEAT is an analysis and research website about Ethereum Layer 2 (L2) scaling, providing a comparison of the various Ethereum Layer 2s available today.
https://l2beat.com/scaling/tvl/
GameFi Zone
PlayTo Earn (chain game ranking)
https://playtoearn.net/blockchaingames
DeGame (chain game ranking)
https://degame.com/zh/home
My MetaData (GameFi analysis platform)
https://mymetadata.io/
NFT area
NFTGO (NFT comprehensive data analysis)
https://nftgo.io/
Cryptoslam (NFT popularity ranking)
https://www.cryptoslam.io/
icy tools (NFT transaction popularity, casting data)
https://icy.tools/
Nonfungible (NFT market tracking)
https://nonfungible.com/
NFT Track (track NFT whale)
https://nfttrack.ai/
NFT Inspect (NFT community data)
https://www.nftinspect.xyz/
other
Binance Academy (all knowledge points on blockchain, cryptocurrency, trading, etc. all in one place)
The light of the Chinese—Binance Exchange, a collection of teaching content on its official website. It mainly explains concepts, but because it is written in Chinese as the mother text, it is the most friendly to Chinese readers, but the depth will be limited.
https://academy.binance.com/en
High-quality Web3 project analysis tools are "weapons" for investors to gain a foothold in the industry. Comprehensive data analysis, efficient whale tracking, and objective personal asset statistics tools can all help investors find the right direction in the market faster. Good tools will save you time, money, and help you achieve your goals. And bad tools waste your time, money, and energy. DYOR
about me
Focus on web3 project research report | Explore potential projects | Brands are welcome to communicate and cooperate with friends who have relevant resources
