DYOR: The ultimate guide to essential Web3 research tools.
The flywheel of Web3 research consists of two key steps:
1. Identifying promising protocols within a vast array of opportunities. 2. Researching these protocols to inform investment decisions.
#1: @tokenterminal – best for fundamentals
Identify gainers and losers by:
• TVL (for DeFi)
• Bridge deposits (chains)
• Trading volume (DEXes)
• Active loans (Lending)
• Assets staked (LST)
• Fees and revenue
• DAU & MAU trends
+ Deeper fundamentals research
#2: @dyorcryptoapp by @hmalviya9 – best for identifying top gainers
Discover the highlights of on-chain growth:
• TVL
• Fees
• Supply emission
• Price
• Trading volume
• Token holders
• DAU
Invite code: P4gKTxNQIE
#3: @DefiLlama – the most diversified on-chain data aggregator
Here, you can do on-chain research by:
• Chains
• Categories
• Parameters (i.e. fees or trading volume)
• Funding rounds
• Token unlocks
• Yields
#4: @MessariCrypto – the powerhouse of on-chain data and news
Messari offers the same depth of on-chain data and combines it with news and research stream:
• Daily AI news insights
• Regular research reports
• Token unlocks
• Watchlists
#5: @coinglass_com – market essentials for traders
• Filter assets by market cap, price change, and CEXes
• Analyze spot and futures net flow
• Track volumes, open interest, funding rates, and liquidations and filter by categories and other parameters
#6: @intotheblock – deep market intel and risk assessment
Essential for analyzing:
• Sentiment
• Large transactions
• Ownership distribution
• Depeg risks
• Health factor & high-risk loans
#7: @glassnode – another essential tool for traders
Glassnode probably has the largest set of on-chain insights for traders featuring the most popular assets.
Some highlights:
• Profit / loss analysis
• Wealth distribution
• MVRV
• Investor cap
• Realized volatility
#8: @cryptoquant_com – deep data insights
• Community-generated data sets
• Asset summary (sentiment, RSI, OI, on-chain indicators, etc.)
• Additional indicators: network stats, exchange flows, miner flows, derivatives, bank flows, etc.
#9: @getmoni_io – perfect for spotting early-stage projects
Moni analyzes accounts experiencing a spike in user interest from opinion leaders, VCs, DAO members, and more. It's like a social hype tracker for new projects.
• @DuneAnalytics – data aggregators for DeFi protocols & airdrops
• @Footprint_Data – similar to Dune, more dashboards
• @LunarCrush – social sentiment analysis
• @santimentfeed – data highlights, visualized
Historically, memecoin seasons signal the end of bull cycles.
According to @MessariCrypto's Memecoin Investing research, it's now time to take profits.
Key insights ↓
The chart below deserves most attention.
It compares the correlation between Ethereum and Memecoin market cap and discovers an interesting pattern:
Infra pumps → Memes pump → Memes Dump → Broader downswings.
This is very logical: Crypto bull markets usually begin with BTC or smart contract platforms due to factors like liquidity, risk-reward profiles, and technological breakthroughs.
These assets signal that "crypto isn’t dead," attracting speculation and development.
Earlier this week, Connext rebranded to @EverclearOrg, set to become the first and only Clearing Layer of Web3.
This is the last missing piece needed to complete the Chain Abstraction puzzle.
Here's my ELI5 ↓
With hundreds of rollups and appchains now in existence, the problem of capital fragmentation and the operational costs associated with managing funds cross-chain are becoming more pronounced.
Chain abstraction offers a solution to this issue.
The concept of Chain Abstraction, first introduced by @EverclearOrg (prev Connext) in 2023, simplifies cross-chain transactions and hides the complexity of the Web3 tech from the user.
Key layers of the Chain Abstraction Stack are Permissions, Auctions, Solvers, and Clearing.
Quick facts:
• Follows a narrative similar to $BITCOIN
• Launched just 3 days ago
• 1.5K members on Telegram
• $8M FDV
• A market maker (or sandwicher) earned the most.
Might be already to late to ape.
#2: $BUS @blastbus [PUBLIC SALE ONGOING]
• Claims to have raised 190 $ETH+ already ($740K+)
• Heavily shilled by NFT influencers
• Fresh account (created on May 22)
The Starknet overview: Ecosystem, events, traction ↓
A few weeks ago, @Starknet announced their definitive targets for the 2024 roadmap:
• Becoming the L2 with the highest TPS capacity
• Maintaining an average transaction fee consistently below $0.01
At the same time, the Foundation began deploying incentives to support growth.
The Seed Grants Program is one of the latest initiatives, designed to empower builders with funding of up to $25K.
This program has allocated $5M in funding to support teams creating dApps on Starknet, so we can expect to see many new protocols emerge in this ecosystem soon.