The blockchain industry has come a long way in the past decade. With the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs), more people are starting to explore the on-chain space. However, the decentralized nature of blockchain technology can be overwhelming for beginners, and even experienced users can find it challenging to keep track of their assets and navigate the ecosystem. That's where on-chain tools come in. In this article, we'll explore some of the best on-chain tools that can help you navigate the on-chain space.
DeBank
DeBank is an all-in-one cryptocurrency wallet that allows users to track their full portfolio through various chains. It can also help users track DeFi applications, compare interest rates, manage assets, find DeFi projects, analyze risks, and more. DeBank enables users to perform token swaps for token exchange and discover investment opportunities through detailed real-time data.
Token Terminal
Token Terminal is a data collection service for financial data sourced from on-chain DeFi protocols and dApps alike. Analysts can evaluate the value of protocols and projects based on the financial data collected and sorted from their smart contract transactions. Developers can use the Token Terminal API to fetch historic fee data from platforms such as Uniswap.
Nansen.ai
Nansen.ai is a Singapore-based startup that deploys AI algorithms to analyze petabytes of crypto trading data per day. The platform allows customers to discover opportunities, perform due diligence, and defend portfolios with real-time dashboards and alerts.
MetaSleuth
MetaSleuth is a crypto fund visualization and analysis tool. The platform is currently in beta and is free to use. MetaSleuth is an easy-to-use tool that allows users to become sleuths in the crypto world and perform their due diligence. The platform's intelligent analysis engine automatically gives users the most valuable interactions for a given address. MetaSleuth supports cross-chain analysis and provides enhanced labels of CEXs, scammer and hacker addresses, and other addresses that have been collected and verified. Users can customize address labels and add notes to addresses and transactions.
Conclusion
Navigating the on-chain space can be challenging, but with the right tools, it can become easier. DeBank, Token Terminal, Nansen.ai, and MetaSleuth are some of the best tools available that can help users manage their portfolios, perform due diligence, and discover investment opportunities. It's essential to do your research and find the tool that best suits your needs.
