Research in #DeFi is daunting especially to the newbie. However, amazing tools have been created to help smoothen the journey.
Making profit in DeFi requires a combination of your effort and these Tools. Utilise these tools to 20x your research speed and 10x your portfolio.
Making profit in DeFi requires a combination of your effort and these Tools. Utilise these tools to 20x your research speed and 10x your portfolio.
1️⃣ Basic Research Tools (Finding Tokens)
🔹@coingecko: CoinGecko app provides you with a fundamental analysis of #Crypto Tokens.
Helps to track price, volume, market cap, and valuation. Also lists exchanges where you can buy tokens & info on the token.
coingecko.com
🔹@coingecko: CoinGecko app provides you with a fundamental analysis of #Crypto Tokens.
Helps to track price, volume, market cap, and valuation. Also lists exchanges where you can buy tokens & info on the token.
coingecko.com
🔹@dexscreener: multi-chain tool that shows real-time price charts & trading history across Dexes
Displays chain the token is on, Dexes to buy, price, liquidity, buy and sell volumes, holder number, contract addresses & links to SM
Good for new listings and tracking low caps
Displays chain the token is on, Dexes to buy, price, liquidity, buy and sell volumes, holder number, contract addresses & links to SM
Good for new listings and tracking low caps
🔹@ListingSpy: crypto token listing aggregator on Top Dexes and Cexes. Will help you track tokens and when they get listed on top exchanges.
Upcoming listings, IDOs, ICOs and IEOs are featured. This helps you stay informed and take charge of opportunities provided by these.
Upcoming listings, IDOs, ICOs and IEOs are featured. This helps you stay informed and take charge of opportunities provided by these.
2️⃣ Analytics Tools (further research)
🔹@tokenterminal: I use this tool to check & analyse comprehensive project data;
- which protocols are money flowing to, which ones are making revenue, the price to fee ratio (the lower it is, the more the token is undervalued) & other data
🔹@tokenterminal: I use this tool to check & analyse comprehensive project data;
- which protocols are money flowing to, which ones are making revenue, the price to fee ratio (the lower it is, the more the token is undervalued) & other data
🔹@ArkhamIntel: crypto intelligence tool that allows you to search, filter & sort transactions & trades by value, token & counterparty.
You can track individual or project’s TRXs & get info before it gets to social media.
Kudos to @sircryptokami for giving me access to this.
You can track individual or project’s TRXs & get info before it gets to social media.
Kudos to @sircryptokami for giving me access to this.
🔹@DefiLlama: largest TVL aggregator. You can get info on how fund is flowing to a chain, project or group of tokens, and the % change compared to the last day/week/month.
This info can be compared to the price to enable you decide whether a project is undervalued or not.
This info can be compared to the price to enable you decide whether a project is undervalued or not.
🔹@DuneAnalytics: data tool that helps you research individual projects, sectors of projects (gaming tokens) or an entire ecosystem (polygon).
With this tool, almost every blockchain data & metrics of a project can be visualized and make meaning of. Example below;
With this tool, almost every blockchain data & metrics of a project can be visualized and make meaning of. Example below;
3️⃣Smart Money Tools (Know what the whales are buying)
🔹@etherscan: these tools help you track transactions and view what is happening with individual and projects’ wallets
Using this tool well, you can keep track of whales wallets using watchlist & buy into what they’re buying
🔹@etherscan: these tools help you track transactions and view what is happening with individual and projects’ wallets
Using this tool well, you can keep track of whales wallets using watchlist & buy into what they’re buying
🔹@CieloFinance: powerful analytic tool to track wallets, get info on major events (token unlocks, mega hacks & Onchain drama) & monitor dex pools.
Most amazing part; you even get alerts on Telegram when these events happen. Great smart money tool especially for whale apeing.
Most amazing part; you even get alerts on Telegram when these events happen. Great smart money tool especially for whale apeing.
🔹@DeBankDeFi: provides a #DeFi Dashboard that allows you to track your portfolio, access data and analytics for Dexes, tokens & lending protocols across networks.
This allows you to make informed decision before buying tokens or participating in real yield farming.
This allows you to make informed decision before buying tokens or participating in real yield farming.
4️⃣Buying & Selling Tools
🔹Trading Bots: helps you buy & sell tokens automatically. Also monitor price actions & overview PnL for the current trade(s).
The most commonly used trading bots open to users is @MaestroBots. Helps users link their wallet to TG & use for trades.
🔹Trading Bots: helps you buy & sell tokens automatically. Also monitor price actions & overview PnL for the current trade(s).
The most commonly used trading bots open to users is @MaestroBots. Helps users link their wallet to TG & use for trades.
🔹Nodes: allow you to make your trxs yourself in a faster way. With nodes, you’d carry out your Trx yourself, but the nodes allow your transactions to go to the mempool first. Hence, it gets approved faster.
This allows you buy faster during buys. @JustCubesNFT & @FlipprTool
This allows you buy faster during buys. @JustCubesNFT & @FlipprTool
5️⃣Safety Tools
🔹@PocketUniverseZ: protects you from phishing scams and wallet drainers
Pocket universe shows you exactly what happens in a transaction (whether you get drained, or it’s safe). They’re also creating @PocketProtectZ, a tool to get your $ back when you get drained
🔹@PocketUniverseZ: protects you from phishing scams and wallet drainers
Pocket universe shows you exactly what happens in a transaction (whether you get drained, or it’s safe). They’re also creating @PocketProtectZ, a tool to get your $ back when you get drained
🔹@DefiSafety: gives specific & actionable technical risk intelligence on the smart contracts of projects to prevent you from falling victim to rugpulls
#DeFi Safety audit & verifies protocols, and present their safety score. A high score shows safety and a low score shows risk
#DeFi Safety audit & verifies protocols, and present their safety score. A high score shows safety and a low score shows risk
@Token_Sniffer: helps you to differentiate scam tokens & honeypots from real tokens.
Token Sniffer does an audit of the token contract address and provide you with a score and analysis of the score. I recommend for detecting whether a new token is sellable or an honeypot.
Token Sniffer does an audit of the token contract address and provide you with a score and analysis of the score. I recommend for detecting whether a new token is sellable or an honeypot.
Personal Thoughts:
🔹For people w/o the time and tech know-how to comb through raw data, tools are the best
🔹The tools mentioned above are basic tools every DeFi enthusiast can make use of. Most are mobile-friendly
🔹I’d be writing more on each of the tools & how to use them
🔹For people w/o the time and tech know-how to comb through raw data, tools are the best
🔹The tools mentioned above are basic tools every DeFi enthusiast can make use of. Most are mobile-friendly
🔹I’d be writing more on each of the tools & how to use them
Tagging some DeFi gigachads that may be interested in this:
@TheDeFISaint
@Tanaka_L2
@milesdeutscher
@SamuelXeus
@NDIDI_GRAM
@Abrahamchase09
@bloomstarbms
@SmallCapScience
@CrossChainAlex
@OnChainWizard
@RiddlerDeFi
@ChadCaff
@CryptoKaduna
@defi_mochi
@EricCryptoman
@Only1temmy
@TheDeFISaint
@Tanaka_L2
@milesdeutscher
@SamuelXeus
@NDIDI_GRAM
@Abrahamchase09
@bloomstarbms
@SmallCapScience
@CrossChainAlex
@OnChainWizard
@RiddlerDeFi
@ChadCaff
@CryptoKaduna
@defi_mochi
@EricCryptoman
@Only1temmy
🔹If you find this thread informative, kindly ❤️ & RT the first tweet and drop your thoughts. I’d appreciate.
🔹Also, follow me and put on 🔔 to stay updated on my educative threads. Ty.
🔹Also, follow me and put on 🔔 to stay updated on my educative threads. Ty.
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