7 min read
An overview of the 10 best crypto research tools
In this article, we’ll take a look at the 10 best crypto research tools that will greatly help you in your crypto journey.
DYOR with Crypto Research Tools
Crypto can be overwhelming. Besides the thousands of protocols, applications and tokens, you also have to deal with uncovering what’s real and what’s biased. It’s important to do your own research (DYOR), which can be difficult with all the marketing language, badly informed influencers and amateur investors.
Luckily, there’s a wealth of data available that allows you to see what is actually happening.
Live information from exchanges, blockchains and professional researchers is made available for you, oftentimes for free. In this article, we’ll take a look at the 10 best crypto research tools that will greatly help you in your crypto journey.
Coingecko remains an indispensable resource for the crypto investor and is therefore a must-have in this list of best crypto research tools. The comprehensive data aggregator offers a detailed overview of prices, charts, and trading volumes for over 13,000 cryptocurrencies. With each token having its own dedicated page, you'll find a wealth of data, links, and indicators to keep you informed and up to date.
The platform boasts additional features like in-depth data on exchanges, NFTs, informative tutorials, and a handy portfolio tracker. A close competitor is the popular website Coinmarketcap. However, due to the latter being owned by Binance, we prefer the more neutral, Malaysian Coingecko platform.
As more of the crypto market is moving on-chain, DexScreener has become an invaluable tool for traders and investors. The innovative platform allows you to see what is being traded on a large number of different blockchains and the decentralized exchanges built on top of them.
With a user-friendly interface and a wealth of information at their fingertips, traders can use DexScreener to analyze trading pairs, track liquidity, and monitor price movements in real-time. The platform also offers various filters and sorting options, enabling users to quickly identify opportunities based on their preferences and criteria.
DefiLlama has become one of the key data sources over the past years. The platform mainly aggregates data on Decentralized Finance, although it has recently been adding many new features. DeFiLlama became popular for its overview of Total Value Locked (TVL), a metric for how much capital is attracted, across most existing chains and protocols.
Additionally, you can filter projects based on the sector they fall under, find the best yields in DeFi, see when new tokens are released into the market and see how much revenue blockchains and dapps are generating. A recent feature also allows you to see what projects have just raised capital from which investors. Finally, DeFiLlama is making its way into DeFi itself with its DEX aggregator, which is a decentralized exchange that finds the best price for your desired swap across all liquidity aggregating DEXs. While highly speculative, we could see a token being launched and dropped to users of the latter.
With aspirations of becoming “the Bloomberg of crypto”, Messari offers a vast array of products catering to the diverse needs of professional and experienced crypto investors. Their platform features comprehensive screeners packed with in-depth information, as well as detailed profiles for a growing number of digital assets. High-quality research from Messari's extensive team of analysts ensures users are well-informed and up-to-date with the latest market trends.
In addition to its impressive suite of tools, Messari also provides a unique overview of DAO governance. This helps users keep track of the fast-evolving decentralized organizations and their decision-making processes. Furthermore, Messari hosts its own events and frequently publishes top-notch reports, offering users exceptional insights into the world of cryptocurrency. While there is a free option, most value is only accessible with a pro subscription. The real alpha tools require a costly Enterprise subscription.
We can highly recommend their annual report: Crypto Theses for 2023.
Artemis is a newer platform that provides access to valuable on-chain data. Its key feature is that it allows you to compare different blockchains based on leading metrics such as daily active wallets, transaction volumes, TVL, developer activity and decentralized exchange volumes.
Besides this, Artemis also gives insights into social media activity, valuations and the status of the perpetuals market. In the relatively short period the platform has been live, the team has consistently been adding new chains and metrics.
DappRadar is one of the most comprehensive crypto tools available for analyzing decentralized applications (dApps) across various blockchain networks. Its robust platform provides users with the ability to explore dApp rankings based on a wide range of metrics.
A crucial and differentiating feature of DappRadar is its ability to track the number of users and user changes within an application. This information is particularly important for understanding the dynamics of the gaming industry and the burgeoning Metaverse.
DappRadar's powerful filtering system allows users to sort dApps by the blockchain protocol they're built on or by specific niches, such as DeFi or gaming, enabling a tailored research experience for its users. The project has also launched a native token $RADAR, that is used for governance, staking and rewarding contributors.
Token Terminal has established itself as a leading tool for conducting fundamental analysis on cryptocurrencies. Token Terminal primarily focuses on examining the revenue generated by blockchains and decentralized applications (dApps), which is an essential metric for assessing the value of a crypto token. While it may be slightly more complex than other tools, the invaluable insights that can be extracted make it well worth the effort.
In addition to revenue data, Token Terminal offers a wealth of information on other key indicators, such as total value locked (TVL), the number of token holders, trading volumes, and the widely-used price-to-earnings (P/E) ratio.
By leveraging sophisticated data analysis and machine learning algorithms, Nansen AI provides insights into on-chain activity, token flows, and user behavior across various blockchain networks. The platform's user-friendly interface allows users to track and analyze the actions of "smart money" investors, uncover emerging trends, and identify profitable investment opportunities.
In recent years, Nansen AI has continued to expand its offerings, integrating new data sources and analytics features to provide a comprehensive research tool for the crypto community. From DeFi analytics to NFT market insights, the platform caters to a wide range of user needs. It is one of the leading platform for finding alpha and tracking the wallets investors and organizations, and hence comes at a cost with 3 different tiers of subscriptions.
Dune Analytics offers users an extensive suite of tools and resources to explore and analyze on-chain data across various blockchains. With an emphasis on DeFi, NFTs, and other emerging sectors, the platform is renowned for its customizable dashboards, which enable users to create, share, and collaborate on in-depth analyses using a vast array of metrics and data points.
One of the standout features of Dune Analytics is its support for user-generated queries and custom data visualizations using SQL. This functionality allows the community to tap into the platform's vast dataset and create tailored reports, enabling users to drill down into specific aspects of the crypto ecosystem that interest them. Furthermore, Dune Analytics hosts a library of pre-built queries and reports created by other users, fostering a collaborative environment where users can learn from one another and share their findings with the broader community.
Arkham is the new kid on the block and is an innovative analytics platform that was launched in 2023. It rapidly caught attention as one of its features allows users to track the wallets of Twitter users. Additionally, the platform provides users with a comprehensive suite of tools and resources to explore and analyze on-chain data, off-chain data, and social sentiment across various blockchains.
One of the most interesting features are its machine learning algorithms, which help users identify trends and patterns. The machine learning algorithm enables the platform to provide actionable insights and predictive analytics, and thus assist users in making more informed decisions in the fast-paced crypto world. All and all a pretty packed and impressively powerful analytics platform.
The crypto world in data
In crypto, anyone can access the analytics tools that were typically only available for professional investors. While some platforms come with pricy subscriptions, almost any metric can be found in crypto research tools if you know where to look, which you now do.
At Flagship, we’re also bringing all these tools together under one roof, for free, in our Navigator. Do you have any additions to the list above or suggestions on what metrics to add to your Navigator? Send an email to [email protected]
Disclaimer: Nothing on this site should be construed as a financial investment recommendation. It’s important to understand that investing is a high-risk activity. Investments expose money to potential loss.