Captains and their crew have navigated stormy and dangerous seas with mastery. Do you know why? Because they had a map and a compass.
The same applies to you in crypto. You must navigate with the right tools, as this is a deep sea. If you do not tread carefully, you may end up sinking. The tools are here to give you an insight into the market with ease and availability.
1. DefiLlama
This is a must-have tool that allows you to check the TVL in each protocol so you can monitor which one got the most attention and more chances to increase in value, as TVL is a metric to gauge the inflow of money in a DeFi protocol.
Token terminal is an excellent platform enabling users to view data for any DeFi protocol such as real revenues, treasury, etc. A big pro is that you can check where the yields come from with detailed breakdowns.
If you are a DeFi investor, there are high chances that you’re also a liquidity provider. So how can you see new DeFi deals? Revert allows users to see what new opportunities are ongoing at Uniswap, saving time from manual searching.
4. Web3 Alerts
Are you a gem hunter?
Do you like potential new treasures?
As the name suggests, Web3 alerts help you see new projects before the herd, where you can filter through multiple chains and quality scores.
5. Token Unlocks + VestLab
Are you scared of the next vesting schedule that might increase the selling pressure on your favorite token? Instead of manually searching for unlock schedules, these two tools aggregate all the events in a dashboard.
6. Nanoly
Telegram channels, Discord, Twitter…how can you find yields without losing time on these platforms? Nanoly is one of the best tools for finding DeFi yields as it monitors vaults across chains filtering types of yields and protocols.
Significant events, news, or announcements can cause price movements. With CoinMarketCal, you will have a fantastic edge in knowing the date of information or news like protocol upgrades, exchange listings, and so on.
8. ICO Drops
Suppose you are looking for cryptocurrencies that have not been launched yet. This platform is for you, showing a list of all upcoming projects. Amazingly, returns often come from pre-sales, so it is worth looking at.
9. DappRadar
You came across a project that got interesting dApps built on it and want to see the number of users and growth of the protocol. DappRadar allows users to dig into dApps using volume filters and the number of users on the platform.
10. CypherHunter
Another vital part when researching a project is analyzing the team behind it. CypherHunter allows you to get more information about a team and project backers.
Final Thoughts
When you are trying to find the right crypto tools to help you trade, invest, and manage your digital assets, it can be easy to get lost in various cryptocurrency analysis tools.
Blockchain technology itself helps make data much more accessible, allowing for the creation of these crypto trading tools and analytical tools that track different metrics and market updates.
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