From a novice to an Alpha expert, 50 DYOR tools you can't miss

Original title: Godmode Research: 50 Tools for DYOR

Original author: Stacy Muur, crypto researcher

Original translation: Plain Blockchain

My toolbox contains dozens of tools that help me refine market insights, analyze protocols, and confirm market data hypotheses. You may be familiar with some of them, such as DefiLlama, TokenTerminal, or Dune. However, there are many tools that are tailored for specific tasks.

In this post, I want to take you through 50 great research tools.

I have categorized the tools according to their mission and highlighted the best use cases for each tool. Some broad-based protocols may appear multiple times, so keep scrolling down to find the mission you are currently interested in.

Let's discover some new tools together and improve your research capabilities!

1. Fundamentals

Fundamental research is the process of analyzing a project to understand its core value, appeal, and potential. It focuses on key aspects such as product appeal, token economics, financing, and community.

The goal is to determine whether a project has long-term growth potential by observing these factors, rather than just following the market craze.

Product Indicators

The following is a list of tools I mainly use to study product indicators, including TVL (total locked value), active users, token holders, cross-chain net inflows, transaction volume, revenue dynamics, and financial data, as well as tools to evaluate the competitive landscape.

TokenTerminal currently tracks data from more than 400 mature protocols, providing one of the most comprehensive analytical indicators. It also provides powerful tools for identifying data trends in Web3 and changes in fundamentals and market attention, both generally and by specific parameters or categories.

DefiLlama is a close second, covering over 3,000 protocols. If I can’t find a protocol on TokenTerminal, I turn to DeFiLlama, which provides important data on TVL, trading volume, and token metrics. It also facilitates comparisons of competing protocols and reveals the distribution of power within a particular category or blockchain ecosystem.

Next up is Dune, which provides comprehensive dashboards for most Web3 protocols, outlining their fundamentals.

Tip: If you can’t find specific data on Dune, check out Footprint Analytics. They are very similar in design, and Footprint may have unique data that Dune doesn’t.

ZKsync Era dashboard on Footprint Analytics

When looking at Ethereum Layer 2, L2Beat is probably the best tool, providing comprehensive data on the state of Ethereum rollups. For Bitcoin Layer 2, Bitcoin Layers is the closest tool to L2Beat.

Nansen is another powerful on-chain analytics tool, covering over 35 networks and nearly 400 protocols. It allows users to track various aspects of networks, tokens, and NFTs, and even monitor the activities of investors and traders. The main disadvantage is that most of the data requires a subscription to access.

Artemis is a blockchain data science platform that monitors key indicators of various projects, including financial, economic, and social indicators. It also provides statistics on specific Web3 fields and has a dedicated section to track developer activity.

2. Releases and News

Messari is a very unique tool that I use frequently. In addition to providing basic basic data, its unique advantage is that it aggregates the latest developments, news, and provides specialized research reports. This is one of the few paid research tools I use.

Aptos: Latest news dashboard on Messari.

CryptoPanic is a news aggregation and portfolio tracking platform designed to serve traders and cryptocurrency enthusiasts. It highlights the impact of various events on markets and prices. The site enables users to track crypto-related news as well as news from the broader market to assess the potential impact of these events on asset prices and investor sentiment.

CoinMarketCal is an economic calendar for crypto assets that enables users to track key market events. Stay up to date on new coin listings, new exchange trading starts, NFT collection releases, and major events and conferences.

Coindar is another calendar tool for tracking projects, assets, and events in the Web3 space. Similar to CoinMarketCal, it also enables users to view the dates of various macro events related to a project or token.

Web3alerts is a portal designed to receive data and notifications about major Web3 events. The platform enables users to track the launch of new projects and related events. Investors and venture capitalists can subscribe to receive direct notifications in a timely manner.

3. Financing

Many platforms provide financing data, with DefiLlama being one of the most popular. Here are other platforms I often use to discover financing data.

CryptoRank is an analytics platform designed to track a variety of data, including metrics for tokens, funds, and projects. It enables users to monitor funding rounds for individual projects, follow top IDOs and ICOs, and discover current crypto airdrops. In addition, the platform provides a list of ongoing and potential airdrops with tasks and detailed guides, as well as data on token unlocks.

CypherHunter is a comprehensive database, similar to LinkedIn, designed specifically for the crypto world. It brings together data about blockchain projects, people involved in the crypto space, and recent funding rounds.

Crunchbase is a website that tracks detailed project information, including funding rounds, key investors, and total funds raised. It also provides insights into employees, activities, and potential contacts (to connect with founders).

Crypto Fundraising is a valuable resource that tracks the latest funding rounds, events, and news. It provides information on projects that have not been covered by other analysis platforms. The website also provides a simple and convenient list of funds, investors and their contact information.

4. Token Economy

Token Unlocks is a service for tracking token unlocking and token economic data. The platform enables users to filter projects and tokens to facilitate analysis of their potential. It also monitors token economic data and upcoming supply unlocking.

CoinBrain is an analytics platform that provides on-chain and off-chain data. It provides filtering capabilities to help users search for newly created tokens. The platform also includes hot lists of new coins, tokens that are about to be unlocked, and search capabilities across various categories.

5. Project Discovery

Many of the tools mentioned above are very useful for protocol discovery and narrative screening. However, there are also some unique multi-functional dashboards that can help assess current market conditions and discover new investment ideas.

ChainBroker is a service designed to track various financial indicators of networks and tokens. It enables users to analyze market conditions, investor activity, and platform participation. The website also provides heat maps in certain categories, providing a visual assessment of the potential of networks and assets over a period of time or a specific period.

Protocol Dashboard on ChainBroker

DYOR is another great platform for tracking the pulse of DeFi, providing a series of leaderboard dashboards divided by specific on-chain metrics.

Moni Discover is a unique tool that uses social attention trends to help you identify new early opportunities, ranging from meme coins to infrastructure projects.

6. Trading

This category can be divided into three directions: social and copy trading, MemeCoin trading, and market analysis.

1) Social Trading

AlphaScan monitors sentiment for specific tokens and tracks mentions of coins and tokens on X, showing their frequency on specific days. It also reveals the profits that a KOL (Key Opinion Leader) could potentially earn by following their recommendations. This information helps assess the trading potential of certain bloggers and communities, and gauge the hype around certain assets.

Cielo is a platform designed to monitor top traders’ trades and gain market insights. It provides the necessary notifications and insights, enabling users to track other traders’ wallets and apply those strategies for copy trading.

Scopescan, previously known as Watchers, is the first product to leverage the 0xScope knowledge graph. This on-chain data analytics platform is able to create real-time profiles of entities with significant connections. It provides comprehensive data on wallet activity, listing projects and coins ranked by activity and TVL (value locked), as well as insights into fund flows and smart money signals.

Alphanomics is a multi-functional service that helps you discover real-time decentralized exchange (DEX) on-chain transactions and stay updated on current trends. It helps users get real-time insights to discover new asymmetric opportunities, follow the strategies of the smartest traders and wallets, and see how they manage their portfolios.

Smart Money DEX Streaming Data on Alphanomics

2) MemeCoin Trading

When looking for MemeCoin and other newly created trading pairs, the two most popular platforms are DexScreener and DEXTools. These platforms can help you find the best price, liquidity and activity for specific trading pairs, track wallet activity, and more.

To track potentially malicious functionality of smart contracts, I recommend Honeypot (supports Ethereum, BNB chain, and Base), De.Fi, and SolidityScan.

3) Market Analysis

TradingView is a leading platform used by traders worldwide, known for its charts that display trading pair data for thousands of assets on multiple exchanges. You can customize charts in various formats, add personal notes, and seamlessly compare assets.

CoinGecko and CoinMarketCap are among the most commonly used platforms for tracking market data. In addition, both platforms offer valuable research centers.

BlockchainCenter is a platform that provides a variety of visual charts and indicators to help track and compare network data. It enables users to assess market conditions, asset status, and the dominance of specific currencies. The platform's standout feature is its visual charts, which make it easy for even novice traders to grasp current market trends.

Bitcoin Rainbow Price Chart from BlockchainCenter

Glassnode enables traders and investors to predict key trends and turning points affecting digital assets. The platform focuses on premium blockchain and market data, providing unique insights into capital flows, asset fundamentals, and market sentiment for Web3 blue chips. It offers a variety of economic, financial, and network indicators, as well as research and reports on the state of the industry.

Coinglass is a comprehensive platform for tracking financial conditions across a variety of markets. It monitors crypto markets and other assets, including liquidations, long and short positions, and options trading. Coinglass is ideal for professional traders.

CryptoBubbles offers a unique service that presents a market map in the form of bubbles. Here you can visually track market volume changes, identify which cryptocurrencies are rising or falling in price, see who holds a certain percentage of an asset, and observe their dynamics.

CryptoQuant is a powerful community-driven market data research platform that provides rich insightful research from the CryptoQuant team and users.

MarketCapOf allows you to estimate the price of a cryptocurrency if it shared the market cap of another cryptocurrency. For example, if Ethereum had the same market cap as Bitcoin, its price would be around $10,000.

7. Passive Income

Discovering and managing the best passive investment pools can be challenging. Here are some tools that can help you find and manage these investments.

Revert is a comprehensive explorer and user interface for AMM liquidity providers on Uniswap V2, V3, and Sushiswap. It helps investors track investment efficiency and analyze data.

Some other platforms with features specifically designed to find good passive income opportunities include De.Fi and DefiLlama.

8. Airdrops

Although airdrops are not as popular as they were a year ago, they are still a source of passive income for many users. I mentioned CryptoRank's toolkit for discovering airdrops before. Here are some platforms you can use as airdrop hunters.

1) Airdrop Hunters

DropsTab is a versatile tool for tracking portfolios, analyzing markets, and discovering new airdrops. Its wide range of features allows it to replace multiple analysis tools at the same time.

Bankless provides a service for tracking airdrops and promising projects. It helps users select projects to participate in and allows them to check any unclaimed airdrops associated with their wallet address.

Alpha Drops is a convenient platform for tracking airdrops in various Web3 fields. It provides user-friendly filters that allow you to select projects by field. Each project page provides detailed information about available tasks, funding indicators, and the stage of the project, whether it is in the testnet or mainnet stage.

Potential Airdrops Tags on Alpha Drops

AirdropsAlert is a website that aggregates current and upcoming token airdrops, providing detailed descriptions of the steps required to participate. You can sort airdrops based on various criteria, including whether KYC is required.

2) Task: Portfolio Tracking

It can be challenging to keep track of a diverse portfolio across numerous chains, assets, and pools. The following tools will be very helpful in managing your investments on a daily basis.

DeBank is a platform for tracking portfolios and checking wallets. It allows you to monitor all assets in your wallet, track transaction history, view historical net worth changes, and more.

CoinStats is a portfolio tracking and analysis platform where users can monitor the status of assets across the market and view financial data from their wallets. It facilitates user access to transaction history on various networks, including identifying fraudulent transactions against your address.

Arkham provides powerful tools to connect cryptocurrency activity with real-world individuals and institutions. The platform is able to track the operations of organizations, including large institutions and government entities.

3) Research

As a research enthusiast, I maintain an extensive followlist of companies that consistently publish valuable market research, focusing on macro trends, narratives, or specific protocols. In addition to Messari, CryptoQuant, and Glassnode, here are some of my favorite sources of research.

Delphi Digital is a research-driven company with a global team dedicated to accelerating and enhancing the development of cryptocurrency. It consists of three separate entities - Research, Labs, and Ventures, sharing a common brand and mission.

Featured report by Delphi

Chainalysis is a leading blockchain analytics company that provides compliance and investigation tools to banks, crypto companies, and government agencies. It offers a suite of tools for transaction tracing, risk analysis, and data visualization.

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