Entering 2022, on-chain applications such as DeFi, chain games, and NFTs will emerge one after another. For users who want to understand and participate in blockchain applications, it is necessary to use a useful data analysis and search tool.
Compared with the blockchain browser, the data platform on the blockchain is more like Bloomberg, which can provide data analysis based on the information, and reflect the functionality of the tool. With the development of public chains and applications, the blockchain data platform is also evolving and iterating, and constantly adding featured data on the basis of standardization.
A qualified blockchain data tool, the basic information should cover the standard indicators of each blockchain network, such as block production, gas fees, on-chain address query and other basic functions of blockchain browsers. After the appearance of the above application, information such as application types and characteristic data are also included in the function of data analysis results, which is convenient for users to view, learn, and use.
In the current field of blockchain data analysis, there are Glassnode, which existed in the Bitcoin era, and Nansen, which provides data tools for activities on the Ethereum chain. With the enrichment of blockchains, some tools also begin to increase multi-chain information. , such as Glassnode began to shift from a "Bitcoin broadcaster" to a comprehensive multi-chain data provider platform, and Ouke Cloud Chain's "On-Chain Master 2.0" has become a panoramic on-chain data platform with the continuous enrichment of on-chain big data. Recently, the data of popular sectors such as DeFi and NFT have been included in the daily indicator sequence for users' reference.
Comprehensiveness, richness, and openness are not only the needs of the blockchain user market, but also the goals that the blockchain data platform constantly pursues. In the context of multi-chain parallelism and application explosion, we have selected three blockchain data platforms, Ouke Cloud Chain Master 2.0, Glassnode, and CryptoQuant, to bring you a wave of evaluations.
(The evaluation indicators include functionality, richness, and openness. The evaluation results will be presented in ★, 1★ is the lowest, and 5★ is the highest)
Feature
The "functionality" of blockchain data platforms is one of their attributes as analysis tools, and we examine which blockchain or application data comparison and analysis functions the platform can provide users with. Ouke Cloud Chain Master 2.0, Glassnode, and CryptoQuant are comparable in terms of functionality, and all have the basic analysis functions of the data platform.
Chain Master 2.0: ★★★★★
Chain Master 2.0 is one of the data products of the blockchain big data enterprise Ouke Cloud Chain. It combines the core underlying technology of the OKLink browser's honeycomb architecture, based on the extension of the pluggable framework, and uses the OLAP database for offline + real-time analysis. , using the pre-calculation scheme to meet the multi-dimensional index output of all-round data on the chain.
Chain Master 2.0 provides six major features, including workbench, data monitoring, custom Kanban, navigation + search + filtering, one-click sharing, and professional research reports. Compared with other tools, it focuses more on the data indicators on the blockchain chain, and provides users with data analysis tools with the chain as the core.
In terms of functionality, the workbench supports users to carry out compound comparative analysis of multiple sets of data with the help of a combined toolkit, DIY formulas to calculate and compare indicators, and support users to create indicators suitable for personal ideas to realize value discovery and tap potential relationships. For example, the user can generate the ratio of the market value of Ethereum (ETH) to the market value of Bitcoin (BTC) during the generation stage on the workbench, just select ETH and BTC in the "Module" column of the "Create Indicator" column, respectively. , and then select the "indicator" of ETH market value and BTC market value respectively, you can generate the market value curve graph m1 line (ETH market value) and m2 line (BTC market value) of the two assets, and then enter m1/m2 in the publicity column, you can View the market value ratio of ETH to BTC in the selected time period in the graph, and the new indicator graph created by users supports saving and favorites. (See below)
The data monitoring of ChainMaster 2.0 provides users with real-time data broadcast function, 7*24h push data changes, which greatly saves users' time and energy, helps users grasp chain changes at the first time, and capture market dynamics. The data monitoring and early warning of ChainMaster 2.0 covers on-chain/off-chain data broadcasts of more than 10 mainstream public chains, such as large-value transaction broadcasts on the chain, changes broadcasts of wealthy holdings, changes in institutional ETF holdings, ETH, OEC and other multi-chain DeFi, NFT ecological data abnormal broadcast, etc.
The custom board of ChainMaster 2.0 allows users to add frequently used indicators to their own kanban for easy viewing; the "navigation + search + filter" function allows users to quickly find various blocks provided by ChainMaster 2.0 Chain indicators, the time period for accurate screening and positioning of the required indicators; the single indicators of the Chain Master 2.0 and the indicators newly generated by users support collection, local saving and one-click sharing to social media such as Weibo and Twitter; in addition, the chain ShangMaster 2.0 also regularly launches professional research reports. The research report cycle is divided into weekly, monthly, annual and special reports to provide users with analysis reports on changes in the blockchain market.
In terms of functionality, ChainMaster 2.0 performs well.
Glassnode ： ★★★★★
As an old-fashioned blockchain data platform launched in 2017, Glassnode is well-known in the crypto circle for broadcasting data related to Bitcoin. At first, the content broadcasted included the price of Bitcoin, the inflow and outflow of exchanges, etc. Perfect, it gradually adds related data and analysis and presentation functions of various encrypted assets. It should be noted that Glassnode presents data based on encrypted assets as the main line, rather than the type of public chain.
Now open the website of Glassnode, it uses "horizontal and vertical axes" for users to retrieve and view data. The horizontal is the function bar, including six basic functions of chart, dashboard, workbench, transaction attempt, alarm reminder, and fluctuation. There are also The research report and forum function of the media attribute; the vertical is the search column, which can search for different encrypted assets and various related indicators.
In the function bar, the chart refers to the graphical presentation of various data information and indicators of encrypted assets, such as the number of active addresses of Bitcoin, the chart of futures trading volume, the inflow and outflow charts of Bitcoin addresses of exchanges, etc.; The dashboard allows users to add the crypto asset indicator graphs they are concerned about; the workbench allows users to add various indicators of crypto assets for comparison, users can use calculation formulas to present the results of data analysis, or users can also combine existing indicators in At the same time, create your own icon; the trading view introduces the trading market trend of encrypted assets, allowing users to draw trading indicators; the alarm function is similar to the price reminder function of encrypted asset trading software, which can set dynamic reminder alarms for data indicators provided by Glassnode ; Fluctuations include real-time changes in the core data of the two major blockchain networks (encrypted assets) of Bitcoin and Ethereum, such as the number of new addresses within 24 hours, miners’ income, etc.
As a data tool, Glassnode is fully functional.
CryptoQuant：★★★★★
CryptoQuant is almost a copy of Glassnode in terms of data analysis functionality. It also provides data objects with encrypted assets as the core, supports charts, dashboards, and alarm functions, but names the “workbench” function as “professional charts” tools, and commercialize them, that is, only paying users can select indicators for customized data analysis.
In addition to data tools, CryptoQuant has also launched a social platform called Quicktake, which allows users to publish posts about encrypted assets, and supports the likes, comments and sharing functions of posts. Compared with the output of professional content such as research reports, CryptoQuant seems to be more Focus on personal content producers, of course, professional content producers can also register to post.
richness
The purpose of richness is to evaluate the index capacity of the blockchain data analysis platform. "Functionality" refers to the analysis ability of the tool, and "richness" refers to the data ability of the tool. The richer the data indicators, the better the analysis function can be used for analysis. effect. Chain Master 2.0, Glassnode, and CryptoQuant have their own emphasis on data richness. Glassnode prefers the financial attribute indicators of encrypted assets, and the types of indicators are extremely detailed. Chain Master 2.0 focuses on the data indicators on the blockchain chain, taking into account the basic financial data. , and CryptoQuant, whose functionality is close to Glassnode, has gained in the classification of encrypted assets.
Chain Master 2.0: ★★★★
Compared with Glassnode, Master Chain 2.0 focuses on the collection of data on the blockchain, covering the core data indicators of more than 10 mainstream blockchain networks and various application layer protocol data in the chain ecology, including DeFi, NFT Wait.
Among them, the mainstream public chain data contains the on-chain data indicators of the six major blockchain networks of Bitcoin, Ethereum, OKC, Stablecoin, Bitcoin Cash, and Litecoin. The total number of indicators is 300+, and the number of independent indicators is 133 Each of them is distributed under each chain in the form of the core data of each blockchain network; in addition, after the recent update of the database by On-Chain Master 2.0, application data in the fields of DeFi and NFT have also been added to the data board, including TVL , number of active users, protocol transaction volume, NFT average daily price and other indicators, covering the top 200+ mainstream protocols in TVL and the top 300+ NFT projects in 24h transaction volume in the DeFi rankings, and the richness of indicators has been significantly improved.
Taking Bitcoin as an example, the data of the blockchain network is divided into 6 types of indicators on Chain Master 2.0, including miners, exchanges, institutions, market indicators (covering financial attributes), network overview, and address statistics, among which miners The indicator covers 8 sub-indicators, including BTC miner income, network computing power, net inflow of BTC miner addresses, etc.
The data indicators of the Ethereum network include 9 categories. In addition to the same indicator types as Bitcoin, such as miners and exchanges, it also includes two characteristic indicators of Ethereum, ETH2.0 and DeFi. Among them, the DeFi parent indicator There are 10 sub-indicators below, including the total ETH loan deposit, DeFi project agreement revenue, total lock-up amount of ETH DEX, etc.
In addition to the data indicators of more than 10 blockchain networks that can be retrieved in the data board, Master Chain 2.0 also presents the application data of another 16 public chain networks in the form of "hot topics", following the concerns of the encryption community. Categorical data output, current topics include popular smart contracts, DeFi, NFT, EIP-1559, institutional data, etc.
Taking the topic of DeFi as an example, it includes the application data of mainstream Layer 1 blockchains such as BSC, Solana, HECO, etc. It also covers the application data of the Ethereum Layer 2 network such as Arbitrum, and also accesses the application data of emerging game chains such as Ronin. The data covers application types including DEX, lending, anchored assets, stablecoins, etc. The corresponding indicators include the lock-up volume of each application, 24-hour transaction volume, 24-hour change rate, capital utilization rate, etc. Metrics are displayed for ranking the app's data.
At present, the DeFi and NFT sectors in the thematic data have entered the list of selected indicators, which are grouped into protocols. A total of 46 popular indicators are normalized output data. At the same time, it supports retrieval of ecological data of all applications in the two sectors, such as in DeFi. Search for Uniswap in the data dashboard to view the application's daily transaction volume, daily active addresses, locked crypto asset value and other data; search CryptoPunks in the NFT data dashboard to view the NFT's daily transaction volume and average daily price , the number of daily active users, etc., covering the top 200+ mainstream protocols in TVL in the DeFi rankings, and the top 300+ mainstream projects in the NFT rankings in terms of 24h transaction volume.
Taking the chain as the data indicator content, Master Chain 2.0 includes the data of most of the public chain networks in the blockchain market. It is worthy of the name. Compared with the other two platforms, its financial attributes need to be strengthened to attract professional users. At present, it is more conducive to ordinary users to learn and use.
Taking the chain as the data indicator content, Master Chain 2.0 includes the data of most of the public chain networks in the blockchain market. It is worthy of the name. Compared with the other two platforms, its financial attributes need to be strengthened to attract professional users. At present, it is more conducive to ordinary users to learn and use.
Glassnode ： ★★★★
Glassnode, which takes encrypted assets as data objects, accommodates 125 encrypted assets, covering seven types, including "mainstream encrypted assets" such as BTC and ETH, "stable coins" such as USDT, and "DeFi tokens" such as AAVE and UNI. Class, KSC and other "Exchange Platform Coins", WBTC, WETH "Packaged Assets" and so on.
There are 22 kinds of indicators related to the above-mentioned encrypted assets, including address indicators of encrypted assets, derivatives indicators, parent indicators such as exchanges, etc. There are also sub-indicators and third-level indicators under each indicator, and the sub-indicators are at least 5. , up to 73. Taking the address indicator of Bitcoin as an example, there are 38 sub-indicators + third-level indicators under this indicator, including BTC address activity, address balance (coin standard and gold standard), etc., and even more detailed to the position of the balance. Numerically, such as "addresses with a balance ≥ 10".
Of course, some sub-indicators overlap under the parent indicator. For example, the sub-indicator "Futures Trading Volume" belongs to both the parent indicator "Derivatives" and the parent indicator "Exchange".
Judging from the types and richness of indicators provided by Glassnode, the platform is more suitable for professional traders and market researchers, and is more inclined to financial attributes. Taking derivatives indicators as an example, it not only provides basic indicators such as the futures trading volume of a certain encrypted asset, but also provides professional indicators such as the total and average value of futures airdrop liquidation, option ATM implied volatility and so on.
Glassnode, which has such rich indicator data, covers all kinds of encrypted asset types and financial attribute indicators, but lacks asset data of popular applications, such as NFT, chain games, etc.
CryptoQuant：★★★
CryptoQuant, which also uses encrypted assets as data objects, accommodates 126 types of encrypted assets. Although the total number of assets is comparable to Glassnode, its classification range is more detailed, except for mainstream encrypted assets, stable coins, platform coins, etc. In addition, CryptoQuant will also set asset types such as Web3, Game, NFT, Privacy, Meme, etc., and give data indicators accordingly.
Although CryptoQuant also has DEX or DeFi asset classification, the indicators are still concentrated on the financial level of assets, such as the supply of DEX application Uniswap's platform currency UNI, the value of US dollars, the amount of UNI flowing into exchanges, etc. You can see the data of the application itself, such as the amount of locked positions, the number of users of the application, and so on.
In terms of financial attributes, CryptoQuant is not as comprehensive and professional as Glassnode. The number of parent indicators is 15, and the number of sub-indicators is relatively basic. For example, in the derivatives indicator, it only provides 11 sub-indicators, while the derivative sub-indicators of Glassnode Indicators reached 35.
openness
Openness is used to evaluate the openness of the blockchain data analysis platform to users, including registration, language usage, etc. It is also one of the manifestations of the platform experience. Some advanced features of Glassnode and CryptoQuant require a fee to unlock, and all current features of ChainMaster 2.0 are free.
Chain Master 2.0: ★★★★★
As a local blockchain big data tool in China, Master Chain 2.0 supports simplified and traditional Chinese, which is more convenient for Chinese users than Glassnode. Of course, in addition to Chinese, it also supports 10 languages such as English, Spanish, French, Japanese, Korean, etc., which is also convenient for overseas users.
At present, all the functions of Master Chain Master 2.0 are free, and users can register and log in with their email addresses and mobile phones. The platform tools are completely open to users, and the custom mode of indicators is no exception. As a blockchain data tool, users' Very friendly.
Glassnode ： ★★★
According to public information, Glassnode is headquartered in Zug, Switzerland, and has a strong influence in Berlin, Germany. For Chinese users, it is an overseas blockchain data platform, and its website is only available in English.
Glassnode allows anyone to sign up via email and use standard features for free, supporting API access. Under the standard function, users can view the parent indicator, the complete history on the chain, etc. 24 hours a day, but if the user wants to view the sub-indices and the third-level indicators at any time, or access the API at a higher speed, or customize the indicators on the workbench, just Payment is required, and the paid functions are divided into "advanced" and "professional", and institutions can pay for customization.
For ordinary users, if there is no need for custom indicators, the standard functions of Glassnode can basically meet the needs and have a high degree of openness.
CryptoQuant：★★
Public information shows that CryptoQuant is headquartered in South Korea, and the page is also displayed in pure English, without other languages.
CryptoQuant has few free basic functions for ordinary users, and only provides limited on-chain historical and encrypted market data. For example, in the free mode, the historical data of Bitcoin is only available within 3 years. Some professional chart indicator data and custom layout of charts are charged, and the charges are based on the third level of "advanced", "professional" and "high-quality" and corresponding functions are opened.
For free basic data, CryptoQuant is not as open as Glassnode, and the data is slightly less professional.
Summarize:
The old-fashioned platform Glassnode undoubtedly maintains the intended meaning of functionality, richness and professionalism. On-chain Master 2.0, which takes the data on the blockchain as the core, is more in line with the tool attributes of the blockchain data analysis platform. The performance is not inferior to Glassnode, and the comprehensive free and open program is stronger than Glassnode and CryptoQuant, and has better user-friendliness.
( Disclaimer: Readers are requested to strictly abide by local laws and regulations, this article does not represent any investment advice )
Which metrics of blockchain big data tools would you use?