My toolbox contains dozens of tools that help me refine market insights, analyze protocols, and validate market data assumptions. You may be familiar with some of them, such as DefiLlama, TokenTerminal, or Dune. However, many tools are specifically tailored for certain tasks.
In this article, I want to introduce you to 50 outstanding DYOR tools.
I have categorized the tools based on their missions and highlighted the best use cases for each. Some versatile protocols may appear multiple times, so keep scrolling to find the mission that currently interests you.
Let’s discover some new tools together and enhance 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 attractiveness, tokenomics, financing, and community.
The goal is to determine whether a project has long-term growth potential by observing these factors, rather than just following market trends.
Product Metrics
Here’s a list of the main tools I use to research product metrics, including TVL (Total Value Locked), active users, token holders, cross-chain net inflows, trading volume, revenue dynamics, and financial data, as well as tools for assessing the competitive landscape.
TokenTerminal currently tracks data from over 400 mature protocols, offering one of the most comprehensive analytical metrics. It also provides powerful tools for identifying data trends in Web3, as well as shifts in fundamentals and market attention, whether general or segmented by specific parameters or categories.
DefiLlama follows closely, covering over 3,000 protocols. If I can’t find a specific protocol on TokenTerminal, I turn to DefiLlama, which provides critical data on TVL, trading volume, and token metrics. It also facilitates comparisons of competing protocols and reveals power distributions within specific categories or blockchain ecosystems.
Next is Dune, which offers comprehensive dashboards for most Web3 protocols, outlining their fundamental information.
Tip: If you can’t find specific data on Dune, check Footprint Analytics. Their design is quite similar, and Footprint may have unique data that Dune lacks.
When researching Ethereum Layer 2, L2Beat might be the best tool, providing comprehensive data on Ethereum rollup statuses. For Bitcoin Layer 2, Bitcoin Layers is the closest tool to L2Beat.
Nansen is another powerful on-chain analysis tool, covering over 35 networks and nearly 400 protocols. It allows users to track various aspects of networks, tokens, and NFTs, even monitoring investor and trader activities. The main drawback is that most data requires a subscription for access.
Artemis is a blockchain data science platform that monitors key metrics across various projects, including financial, economic, and social indicators. It also provides statistics for specific Web3 domains and has a dedicated section to track developer activities.
2. Publications and News
Messari is a very unique tool that I frequently use. In addition to providing essential foundational data, its unique advantage lies in aggregating the latest trends, news, and offering specialized research reports. It is one of the few paid research tools I use.
CryptoPanic is a news aggregation and portfolio tracking platform aimed at serving traders and cryptocurrency enthusiasts. It highlights the impact of various events on the market and prices. The site allows users to track crypto-related news as well as broader market news 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, keeping them updated on new coin listings, the launch of trading on new platforms, 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 allows users to view dates of various macro events related to specific projects or tokens.
Web3alerts is a portal designed to receive data and notifications about significant Web3 events. The platform enables users to track the launch of new projects and associated events. Investors and venture capitalists can subscribe to receive direct notifications promptly.
3. Financing
Many platforms provide financing data, with DefiLlama being one of the most popular. Here are some other platforms I frequently use to discover financing data.
CryptoRank is an analytical platform designed to track various data, including metrics for tokens, funds, and projects. It allows users to monitor financing rounds for various projects, focus on top IDOs and ICOs, and discover current crypto airdrops. Additionally, the platform provides lists of ongoing and potential airdrops, along with tasks and detailed guides, as well as data on token unlocks.
CypherHunter is a comprehensive repository, akin to LinkedIn, designed for the crypto world. It aggregates information on blockchain projects, individuals involved in the crypto space, and recent financing rounds.
Crunchbase is a site that tracks detailed project information, including financing rounds, key investors, and total funds raised. It also offers insights on employees, events, and potential contacts for connecting with founders.
Crypto Fundraising is a valuable resource that tracks the latest financing rounds, events, and news. It provides information on projects that have not yet been covered by other analytical platforms. The site also offers a straightforward list of funds, investors, and their contact information.
4. Token Economics
Token Unlocks is a service for tracking token unlocks and token economic data. The platform allows users to filter projects and tokens for easier analysis of their potential. It also monitors token economic data and upcoming supply unlocks.
CoinBrain is an analytics platform that provides on-chain and off-chain data. It includes filtering features to help users search for newly created tokens. The platform also features popular lists of new coins and upcoming token unlocks, along with search functionality across various categories.
5. Project Discovery
Many of the previously mentioned tools are useful for protocol discovery and narrative filtering. However, there are also unique multifunctional dashboards that can help assess current market conditions and uncover new investment ideas.
ChainBroker is a service designed to track various financial metrics of networks and tokens. It enables users to analyze market conditions, investor activity, and platform engagement. The website also provides heatmaps in certain categories, offering a visual assessment of the potential of networks and assets over time or during specific periods.
DYOR is another great platform for tracking the pulse of DeFi, offering a range of leaderboard dashboards categorized by specific on-chain metrics.
Moni Discover is a unique tool that leverages social media trends to help you identify new early opportunities, from meme coins to infrastructure projects.
6. Trading
This category can be divided into three directions: social and copy trading, meme coin 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 dates. It also reveals potential profits from following KOLs (key opinion leaders) based on their recommendations. This information helps assess the trading potential of certain bloggers and communities and gauge the hype surrounding certain assets.
Cielo is a platform aimed at monitoring top traders’ activities and gaining market insights. It provides necessary notifications and insights that enable users to track other traders’ wallets and apply these strategies for copy trading.
Scopescan, formerly known as Watchers, is the first product utilizing the 0xScope knowledge graph. This on-chain data analysis platform creates real-time entity profiles with significant connections. It provides comprehensive data on wallet activities, listing projects and tokens ranked by activity and TVL (total value locked), as well as insights on fund flows and smart money signals.
Alphanomics is a multifunctional service that helps you discover real-time on-chain trades on decentralized exchanges (DEXs), keeping you informed about current trends. It helps users gain real-time insights to uncover new asymmetric opportunities, track strategies of the smartest traders and wallets, and see how they manage their portfolios.
2) Meme Coin Trading
The two most popular platforms for finding meme coins and other newly created trading pairs are DexScreener and DEXTools. These platforms help you find the best prices, liquidity, and activity for specific trading pairs, along with wallet activity tracking.
To monitor potential malicious features of smart contracts, I recommend using Honeypot (supporting Ethereum, BNB Chain, and Base), De.Fi, and SolidityScan.
3) Market Analysis
TradingView is the leading platform used by traders worldwide, known for its charts displaying trading pair data for thousands of assets across multiple trading platforms. 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. Additionally, both platforms offer valuable research centers.
BlockchainCenter is a platform that provides various visual charts and indicators to help track and compare network data. It allows users to assess market conditions, asset statuses, and the dominance of specific coins. A standout feature of the platform is its visual charts, which are easy for novice traders to grasp current market trends.
Glassnode enables traders and investors to predict key trends and turning points affecting digital assets. The platform focuses on advanced blockchain and market data, offering unique insights on capital flows, asset fundamentals, and Web3 blue-chip market sentiment. It provides various economic, financial, and network metrics, along with research and reports on industry conditions.
Coinglass is a comprehensive platform for tracking the financial status of various markets. It monitors the crypto market and other assets, including liquidations, long and short positions, and options trading. Coinglass is well-suited for professional traders.
CryptoBubbles provides a unique service by presenting a market map in bubble form. Here, you can visually track changes in market trading volume, identify which cryptocurrencies are rising or falling in price, see who holds specific proportions of assets, and observe their dynamics.
CryptoQuant is a powerful community-driven market data research platform that provides rich insights 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’s market cap were the same as Bitcoin’s, its price would be around $10,000.
7. Passive Income
Finding 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 Uniswap V2, V3, and Sushiswap AMM liquidity providers. It helps investors track investment efficiency and analyze data.
Other platforms specifically designed for finding good passive income opportunities include De.Fi and DefiLlama.
8. Airdrops
Although the hype around airdrops is not as high as it was a year ago, they still serve as a source of passive income for many users. I previously mentioned the tools from CryptoRank for discovering airdrops. Here are some platforms you can use as an airdrop hunter.
1) Airdrop Hunter
DropsTab is a multifunctional tool for tracking portfolios, analyzing markets, and discovering new airdrops. Its extensive functionality allows it to replace multiple analytical tools simultaneously.
Bankless offers a service for tracking airdrops and promising projects. It helps users select projects to participate in and allows them to check for any unclaimed airdrops associated with their wallet address.
Alpha Drops is a convenient platform for tracking airdrops across various Web3 domains. It provides user-friendly filters that allow you to select projects by domain. Each project page provides detailed information on available tasks, funding metrics, and project stages, whether in testnet or mainnet phases.
AirdropsAlert is a website that aggregates current and upcoming token airdrops, providing detailed descriptions of the steps required to participate. You can sort airdrops by various criteria, including whether KYC is required.
2) Tasks: Portfolio Tracking
Tracking a diversified portfolio across numerous chains, assets, and pools can be challenging. The following tools will be very helpful for your daily investment management.
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 that allows users to monitor asset statuses across the entire market and view financial data from wallets. It provides easy access to transaction histories across various networks, including identifying fraudulent transactions targeted at your address.
Arkham offers powerful tools that link cryptocurrency activity with real-world individuals and institutions. The platform is capable of tracking the operations of organizations, including large institutions and government entities.
3) Research
As a research enthusiast, I maintain an extensive watchlist of companies that consistently publish valuable market research focused on macro trends, narratives, or specific protocols. In addition to Messari, CryptoQuant, and Glassnode, here are some of my favorite research sources.
Delphi Digital is a research-driven company with a global team dedicated to accelerating and enhancing the development of cryptocurrencies. It consists of three independent entities—research, labs, and venture capital—that share a common brand and mission.
Chainalysis is a leading blockchain analytics company that provides compliance and investigative tools for banks, crypto companies, and government agencies. It offers a suite of tools for transaction tracking, risk analysis, and data visualization.
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