Bubblemaps is a project focused on blockchain data visualization, aiming to help users analyze on-chain data of decentralized finance (DeFi) tokens and non-fungible tokens (NFTs) through an intuitive graphical interface (mainly in the form of 'bubble charts'). It displays token holders, the relationships between wallet addresses, and transaction flows using colored bubbles, allowing users to quickly identify large holders (whales), potential market manipulation (such as wash trading), or the concentration of token distribution. Here is a comprehensive understanding of the Bubblemaps project:
Project background
The origin of Bubblemaps can be traced back to April 2021 when it launched with the Moonlight project, raising funds through the issuance of the MOONLIGHT token. It officially launched the Bubblemaps tool in September 2021 and renamed the entire ecosystem to Bubblemaps, with MOONLIGHT becoming its native token. The project was registered in Paris, France in 2022 by cryptocurrency enthusiasts including founder Nicolas Vaiman (CEO), Arnaud Droz (COO), and Léo Pons, and currently has a small team of about 6-12 members.
Core features
At the core of Bubblemaps is a data visualization tool, with key features including:
Bubble chart display:
Bubble size represents the amount of tokens held, color indicates the correlation between wallets, and arrows show the transfer of tokens between addresses.
Users can drag bubbles to view specific information such as wallet addresses, holdings, and blockchain explorer links.
On-chain analysis:
Supports analysis of token distribution concentration, transaction history, and large holder behavior to help users assess whether a project poses risks (such as team control or potential selling pressure).
Can detect wash trading or abnormal transfer patterns.
Multi-chain support:
Currently compatible with seven blockchains including Ethereum, BNB Chain, Fantom, Avalanche, Cronos, Arbitrum, and Polygon, with plans to expand to more chains in the future.
Integration and usability:
Integrated into DeFi platforms like DEX Screener and DEXTools, users can view some data without logging in.
Logging in with a Web3 wallet or X account unlocks more features.
BMT token and launch
In March 2025, Bubblemaps will launch its new token BMT (Bubblemaps Token) with a total supply of 1 billion. BMT will conduct its initial token issuance (TGE/IDO) on the BNB Chain via Binance Wallet and PancakeSwap, reportedly oversubscribed by up to 95 times, showing strong market interest. BMT will be listed for trading on Binance at 23:00 (UTC+8) on March 18, 2025, supporting trading pairs BMT/USDT, BMT/USDC, BMT/BNB, BMT/FDUSD, and BMT/TRY, with a “seed label” indicating it as an early high-risk project.
Additionally, the launch of BMT is related to the HODLer airdrop event. From March 2, 2025, 08:00 to March 7, 2025, 07:59, users participating in capital protection earning or on-chain earning products with BNB can receive BMT airdrops, which will be distributed before trading begins.
Use cases and value
Investors: By analyzing token distribution and trading flow, determine whether a project is healthy and avoid the risk of 'scamming'. For example, Bubblemaps analyzed the UNIBOT project and found that 40% of tokens were concentrated in a single cluster, but combined with the project mechanism, it proved to be a normal design rather than malicious control.
Project parties: Can list tokens or NFT collections on Bubblemaps to enhance visibility (about 100,000 unique visitors per month).
Developers: Provide API and iframe integration for other platforms to use their data.
Free and paid models
Free version: Provides basic features, allowing users to view some listed token and NFT data.
Premium version: Requires holding at least 250 billion MOONLIGHT tokens (approximately $1,400) or using the newly launched BMT to unlock all features, including arbitrary token analysis, historical data backtracking (Time Travel), and real-time data refresh.
Competition and challenges
Bubblemaps is not unique in the field of blockchain analysis and faces competition from tools like Nansen, Arkham, and Tokenomist. Although its visualization method is novel, the technical barriers are not high, and the long-term profitability of the market remains uncertain. Discussions on X indicate that its value relies more on team operations and community influence rather than the technical uniqueness of the product itself.
Summary
Bubblemaps is a practical and innovative on-chain data tool suitable for users looking to gain insights into DeFi project token distribution and potential risks. Its combination of airdrops and Binance listings has attracted significant attention, but future development must address competitive pressures and technical barriers. If you are interested in on-chain analysis, you can visit its official website (bubblemaps.io) for a hands-on experience or follow its X account @bubblemaps for the latest updates.
