#Bubblemaps ,$BMT @Bubblemaps.io Bubblemaps is an on-chain visualization analysis tool platform that replaces traditional block explorers with cutting-edge visual effects, allowing users to easily analyze complex patterns and connections, bringing fundamental data to millions of DeFi users. Function description: Select the corresponding chain, input the relevant contract or token address, and you can view on-chain data through a bubble chart. On September 18, 2023, Bubblemaps completed a $3.2 million seed round financing, led by INCE Capital, with participation from Stake Capital, Momentum 6, Lbank, V3ntures, Nicolas Bacca from Ledger, Dyma Budorin from Hacken, and French entrepreneur Owen 'Hasheur' Simonin. To summarize this project, first, tool projects are judged by their practicality, making it more convenient to understand on-chain data, which is quite good. I have used it in a previous article. Currently, the official V2 requires an application for a trial. In short, the tool is a good tool, but the token does not provide empowerment, and V2 also seems to be free to apply, which makes some functions of holding the token a bit redundant. From the token perspective, the current FDV is also $250 million, which is quite similar to the $500 million FDV of the ARKM tool platform. First, because the current functionality of BMT is relatively single, it will take time to enrich future functionalities; second, it has reached the largest exchanges, almost at its peak; third, a large number of investors and teams have not unlocked their tokens, after all, they are VC-backed and need to make a profit. Therefore, from the current valuation perspective, it seems slightly high.