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Crypto data analytics is fragmented - there isn't a ubiquitous "Bloomberg Terminal" yet
For anyone looking to do serious research, it can be difficult to find the data you're looking for
So here's a mega-thread on the Crypto Analysts Toolkit
For anyone looking to do serious research, it can be difficult to find the data you're looking for
So here's a mega-thread on the Crypto Analysts Toolkit
#1 @DuneAnalytics is my go-to for all DeFi research
They have a number of pre-set dashboards that are vital to keep tabs on the industry
They have a number of pre-set dashboards that are vital to keep tabs on the industry
They also have project-specific dashboards for deeper dives
Maker: http://explore.duneanalytics.com/dashboard/maker-dao---mcd
0x: http://explore.duneanalytics.com/dashboard/0x-trading-activity
Maker: http://explore.duneanalytics.com/dashboard/maker-dao---mcd
0x: http://explore.duneanalytics.com/dashboard/0x-trading-activity
If you can't find what you're looking for, don't worry you're not restrained to existing dashboards
With a little SQL knowledge (or desire to get some), the possibilities are endless
Examples we've created are a dashboard tracking WBTC across DeFi
https://explore.duneanalytics.com/dashboard/wbtc_1
With a little SQL knowledge (or desire to get some), the possibilities are endless
Examples we've created are a dashboard tracking WBTC across DeFi
https://explore.duneanalytics.com/dashboard/wbtc_1
Or even more niche queries like secondary market sales of top #HEGIC token sale buyers https://twitter.com/jpurd17/status/1310587172408512514?s=20
#2 @nansen_ai is another powerful tool for all DeFi practitioners
Similar to Dune, they provide dashboards on broader sectors as well as specific projects (although less of a selection)
Stablecoin Master
https://pro.nansen.ai/stablecoin-master
Delphi by @akropolisio
https://pro.nansen.ai/delphi
Similar to Dune, they provide dashboards on broader sectors as well as specific projects (although less of a selection)
Stablecoin Master
https://pro.nansen.ai/stablecoin-master
Delphi by @akropolisio
https://pro.nansen.ai/delphi
However, Nansen's bread and butter is their versatile tracking tools
Aptly named, the Token God Mode, gives deep analysis into any asset's market behavior
Aptly named, the Token God Mode, gives deep analysis into any asset's market behavior
Another powerful tool is the Wallet Profiler enabling you to peer into the behavior of any wallet address
No longer do you get psyops'd from what people say on twitter since you can get a real-time look into where they put their money
No longer do you get psyops'd from what people say on twitter since you can get a real-time look into where they put their money
#3 @tokenterminal is pioneering many of the tried and true fundamental valuation metrics ported over from the traditional world
While the definition of protocol revenue is often debated, the industry is generally aligning on total fees generated https://twitter.com/kaiynne/status/1285010861141024769?s=20
While the definition of protocol revenue is often debated, the industry is generally aligning on total fees generated https://twitter.com/kaiynne/status/1285010861141024769?s=20
This provides a starting point to assess the potential earnings could theoretically be captured by token holders in the future
You can then create relative valuation metrics to benchmark this against the market value
We're too early for these to inform investment decisions given the variability/lack of predictability of earnings
But nonetheless can assist in general comparisons https://twitter.com/RyanWatkins_/status/1277667147993567237?s=20
We're too early for these to inform investment decisions given the variability/lack of predictability of earnings
But nonetheless can assist in general comparisons https://twitter.com/RyanWatkins_/status/1277667147993567237?s=20
#4 @defipulse TVL metric has become the de facto approximation of the size of DeFi
It can be useful in comparing protocols by demonstrating the belief users put into the security and potential profitability
Also, the sheer size of real economic value ($10b) is astounding
It can be useful in comparing protocols by demonstrating the belief users put into the security and potential profitability
Also, the sheer size of real economic value ($10b) is astounding
#5 @etherscan is likely one of the most utilized tools as it facilitates essential functions for users, research, and developers alike
Users typically check it for the state of their pending transaction or to view their entire history
Users typically check it for the state of their pending transaction or to view their entire history
It can also be used to quickly view the top holders of a certain token
Since you have access to every single Ethereum transaction you can see exactly how complex hacks were pulled off
https://etherscan.io/tx/0x762881b07feb63c436dee38edd4ff1f7a74c33091e534af56c9f7d49b5ecac15
https://etherscan.io/tx/0x762881b07feb63c436dee38edd4ff1f7a74c33091e534af56c9f7d49b5ecac15
Or highly profitable on-chain arbitrage, available to anyone through flash loans https://twitter.com/smykjain/status/1288457351201087489?s=20
There are also a number of other tools including various live statistics and charts, gas tracking, mining calculations, and more
But now to step away from DeFi...
But now to step away from DeFi...
#6 @coinmetrics is one of the best institutional-grade data providers
They cover a broad range of on-chain, price, volume, mining, and supply data points for almost all blockchains
This high-fidelity data is consumable in their easy to use charting for visual comparison
They cover a broad range of on-chain, price, volume, mining, and supply data points for almost all blockchains
This high-fidelity data is consumable in their easy to use charting for visual comparison
#7 @glassnode is another multi-purpose provider with a broad array of charts and dashboards
For example, if you were looking into long-term holder behavior you could look at the popular HODL waves chart along with a whale-watching chart showing the # of holders with > 1,000 BTC
For example, if you were looking into long-term holder behavior you could look at the popular HODL waves chart along with a whale-watching chart showing the # of holders with > 1,000 BTC
Alternatively, you could also compare blockchains on important but often overlooked metrics
Such as the % of miner revenue from fees, or aggregate security spend
Such as the % of miner revenue from fees, or aggregate security spend
#8 @intotheblock is one last onchain/market analytics provider with a number of interesting tools to supplement one's diligence
The Into/Out of the Money chart is helpful in assessing the global profitability of token holders which can inform future buying and selling behavior
The Into/Out of the Money chart is helpful in assessing the global profitability of token holders which can inform future buying and selling behavior
They also show a helpful market depth chart to compare liquidity across exchanges
#9 @skewdotcom Analytics does one thing and one thing well - derivatives
They are the go-to for all btc/eth futures, options data
This can be particularly helpful in analyzing crypto market structure during stress tests like Black Thursday https://twitter.com/jpurd17/status/1242827035388633088?s=20
They are the go-to for all btc/eth futures, options data
This can be particularly helpful in analyzing crypto market structure during stress tests like Black Thursday https://twitter.com/jpurd17/status/1242827035388633088?s=20
#10 Last but not least (and you could have seen its one coming)... @MessariCrypto
Not just because I'm writing this as an employee, but I'd be lying if I said I didn't use it on a regular basis
Not just because I'm writing this as an employee, but I'd be lying if I said I didn't use it on a regular basis
The core screener allows to keep up with short/long term price movements https://messari.io/screener/defi-assets-7EE8EDB1
We've also compiled a list of a number of the top crypto funds portfolios so you track where the smart money
is going
https://messari.io/article/investing-like-crypto-venture-capitalists
is going
https://messari.io/article/investing-like-crypto-venture-capitalists
Lastly, one of my personal favorites - the liquid supply curve tracks one of the least understood, yet important, metrics for a crypto investor
Knowing precise lock-ups is imperative to know when/if the market could be flooded with sell pressure
Knowing precise lock-ups is imperative to know when/if the market could be flooded with sell pressure
That's it for now, this list is far from exhaustive as it's near impossible to include every provider
But as this space continues to grow, the data/analytics tools will only mature with it, continuing to meet the needs of every crypto professional https://messari.io/article/the-ultimate-guide-to-crypto-data-tools?utm_source=jpurd17&utm_medium=thread&utm_campaign=toolkit
But as this space continues to grow, the data/analytics tools will only mature with it, continuing to meet the needs of every crypto professional https://messari.io/article/the-ultimate-guide-to-crypto-data-tools?utm_source=jpurd17&utm_medium=thread&utm_campaign=toolkit
