The Best Blockchain Analytics Tools for Investors

Blockchain analytic tools are software applications or platforms designed to extract, analyze, and interpret data from blockchain networks. These tools are used to gain insight into blockchain transactions, addresses, and network activities. These web-based tools provide real-time data tracking and market insight, helping investors lower their risk by assisting them to make informed decisions.

The cornerstone of any effective investment strategy is data analysis. Traditional securities and FX market investors rely on a variety of data analytic tools to get crucial insight that might be the difference between a spectacular return on investment and disastrous losses.

Nowadays, analytic tools have come to the blockchain. Some of them offer a list of free analytic tools; however, some in-depth analytic services and market data tracking are available on a subscription basis for interested market analysts.

Here is our ranking of the best analytics tools based on their usefulness, popularity, community, and cost:

• CoinMarketCap
  A software engineer who goes by the name Brandon Chez established CoinMarketCap in 2013. The tool quickly became one of the most well-known websites for blockchain analysts to monitor cryptocurrency prices and markets.In 2020, Binance later acquired Coinmarketcap. The platform provides historical statistics, market cap rankings, and real-time data on more than 10,000 cryptocurrencies. The most recent changes in the cryptocurrency ecosystem are also covered in the news section.Also, the platform offers direct-to-market data in a fully structured and programmed style. The expensive “pro” subscription plan, which offers more sophisticated features, important metrics, tools, and unfettered access to real-time data, is frequently used by professional investors, although this service is offered for free.
•  DappRadar
  This platform is an online resource for information and analysis about the world of DeFi and blockchain apps. This platform was introduced in 2018 by a small group of Lithuanian blockchain experts and is based in Vilnius, Lithuania.DappRadar shares some connections with DeFiLiama because they both focus on decentralized finance. DappRadar provides a wide perspective of the app side of the DeFi ecosystem.
• DefiLlama
  As Decentralized Finance (DeFi) protocols came into the limelight in 2020, a group of programmers and DeFi enthusiasts created the DeFiLlama. The platform offers specialized analytical tools for DeFi users and investors to more effectively navigate this rapidly changing industry. The ranking page for DeFi protocols on the website, which may be sorted according to numerous factors, is one of its key features.The Total Value Locked (TVL), liquidity, market performance, daily volume, and more information are included in the metrics of the platform. The charts make it simple and quick to compare various protocols.The platform also provides a yield farming calculator tool, which one can use to determine one’s potential Return On Investment (ROI) from various DeFi protocols. This tool is a very helpful feature for new investors.
• Glassnode
  Glassnode is an on-chain analytic tool used by crypto investors, engineers, and traders. An organization of business executives with very good knowledge of the blockchain domain developed the Glassnode platform in 2018. A free version of Glassnode is available for more casual investors and crypto novices. Through the platform, you have access to daily on-chain transactions, active addresses, and many more features.However, if you want a more advanced analytics tool with access to real-time data on cryptocurrencies and DeFi projects as well as a wider range of on-chain indicators for more in-depth insights, you will need to subscribe to enjoy the full package.
• Messari
  The creator of CoinDesk, Ryein Selkis is the brain behind this platform. Messari was launched in 2018 to offer investors and organizations high-quality research data on the well-known blockchain and cryptocurrency projects.Messari.oi has a team of in-house blockchain analysts in addition to data analytic tools for tracking and analyzing blockchain data. The in-house analyst also provides publications on in-depth market reports. They also offer perspectives on many facets of blockchain technology.
• TheBlock
  TheBlock is a reputable news and research platform that focuses on the blockchain industry. A journalist and cryptocurrency entrepreneur, who goes by the name Mike Dudas, founded it in 2018. His aims were to build an all-inclusive online news and research platform for blockchain investors and programmers.The platform provides users with tools for market analysis, risk management, and monitoring trading volumes, market capitalization, and other fundamental data. TheBlock shares some similarities with Messari and CoinMarketCap.

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