Everyone Is An Analyst: Recommend 7 Free On-chain Data Analysis Tools

If you don’t want to pay a monthly fee for Glassnode and you need to observe the data on the chain, here you can use the 7 free on-chain crypto analysis tools listed below for research and analysis of cryptocurrencies. But it does not constitute investment advice.

Top 7 Free On-chain Data Analysis Tools

1. ArbitrageScanner.io

Website: https://arbitragescanner.io/ 

ArbitrageScanner is the best trading tool for blockchain analysis and crypto arbitrage, including AI-powered search for similar wallets. 

With ArbitrageScanner tools – Wallet Analysis & Wallet Search, you can track the wallets of crypto whales, market insiders and tier-1 funds and know what projects they are investing in.

• Analyze, track transactions in real time, repeat these actions on your portfolio and earn. You can track wallet activity across 5 different blockchains, for any coin, and receive real-time notifications of their transactions. 

For example, by analyzing the wallets of several successful GameFi (Animoca Brands) players, an ArbitrageScanner client identified promising gaming assets in which they invested. By investing in these assets, he earned +180% in three months.

You can track this wallet here: https://wallet.arbitragescanner.io/0xbDCb95A80d4C770fa811B1FAF0bb4Cf204d310b5?network=ethereum 

• Find wallets with high PNL and Winrate scores, add them to your picks and get notified every time they make a transaction. You can set filters for any coin, e.g. that grew 400% yesterday, and find wallets that bought it in advance, sort by income or ROI, and thus find wallets of potential insiders (this can be used for meme tokens, but it is better for large tokens to avoid getting scammed).

As one example – a client found a wallet through “Search for similar wallets” and followed the trades of a wallet associated with a large hedge fund. This allowed him to increase his investments by +230% in six months in projects selected by the fund.

You can also find large fund wallets by searching for similar wallets. The ArbitrageScanner team often finds wallets of crypto whales, market insiders and shares them with clients in a closed community. You can find a selection of Tier-1 fund wallets on ArbitrageScanner website – track, analyze, use their strategies and apply them to your portfolio. 

• ArbitrageScanner is the only ecosystem where you can search for similar wallets with AI, a tool that no one else on the market has. Search by 272 filters – including analysis of coins, strategies, wallet funders. 

For example, if you have found 2 wallets of an insider/public trader, you can use the tool to find all other wallets he has ever interacted with. You can also use this method to find wallets that make money on certain strategies – you can find hundreds of similar wallets that use the same strategy. More cases can be found on the ArbitrageScanner blog. 

To get access to the tools and test them yourself, sign up for a Platinum subscription. Once subscribed, you’ll receive tutorials, successful cases from other clients to use their strategies, and access to a private chat room where members often share insider news or new market whale wallets. 

2. The Block

Website: https://www.theblock.co/data/on-chain-metrics/bitcoin

The Block has many useful metrics, such as on-chain transaction volume, active/new addresses, miner revenue, average transaction fees, and Bitcoin supply as a percentage of profit.

Their data goes back many years. You can even access current data – however, there will be a 2-day delay. Still enough to get an idea of the general trend.

3. CryptoQuant

Website: https://cryptoquant.com/

Sign up for a free basic account to access a large number of indicators on CryptoQuant. You can access data, including the current day. They also provide simple visualizations on the summary page.

There are many useful indicators, such as foreign exchange reserves, short and long-term holders SOPR, net unrealized profit and loss (NUPL), etc. The downside is that many charts only show data from the end of 2019, so you can’t compare data presented to an earlier time.

4. OKLink ChainHub

Website: https://www.oklink.com/en/chainhub

OKLink offers a range of free metrics, including exchange addresses in/out/netflow for BTC and various stablecoins. Some data lags by a few days. The workaround is to select the option “7D” (displays 7 days of data) that includes the current data.

5. LookIntoBitcoin

Website: https://www.lookintobitcoin.com/

6. Dune

Website: https://dune.com/browse/dashboards

Dune is a platform that allows users to query on-chain data from the Ethereum blockchain using SQL according to their needs. Knowledge of SQL is required to create your own personalized dashboards.

However, on their homepage, there are many free dashboards posted by community members.

7. Messari

Website: https://messari.io/

Messari is actually a paid encrypted data platform. But still decided to add them to this list because they allow free access to some of their data and research reports, and they cover a lot of different cryptocurrencies, which you can easily find information about on this platform.

Conclusion

Some characteristic indicators of on-chain data can be found through several websites in the above list. In this case, compare the data to see if there are some warning changes that need attention. In any case, observation through on-chain data is a good way to analyze user and investor behavior. But it should always be kept in mind that data can only provide insight into what happened in the past, and relying solely on on-chain data to make investment and trading decisions is not advisable.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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