My Go-To Free On-Chain Tools for Advanced Traders

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Quick Facts
Conclusion
Frequently Asked Questions:
Best Free On-Chain Tools for Advanced Traders: FAQs

Quick Facts

Here is the list of quick facts about the best free on-chain tools for advanced traders:

Dune Analytics: A free, customizable dashboard for on-chain data analysis, allowing traders to create and share their own dashboards.
Glassnode: Offers a range of free on-chain metrics and indicators, including active addresses, transaction counts, and supply distribution.
CryptoSlate: Provides a free on-chain analytics platform with data on metrics like exchange inflows, whale activity, and social sentiment.
Looksrare: A free on-chain analytics tool that tracks NFT market data, whale activity, and token holders.
Nansen: Offers a free version of their on-chain analytics platform, including data on smart money activity and token ownership.
TheTIE: Provides a range of free on-chain metrics, including sentiment analysis, inflows, and whale activity.
IntoTheBlock: Offers a free on-chain analytics platform with data on metrics like token holders, exchange inflows, and social sentiment.
Santiment: Provides a free version of their on-chain analytics platform, including data on sentiment analysis, transaction volume, and whale activity.
Token Terminal: A free on-chain analytics platform with data on metrics like token velocity, supply distribution, and whale activity.
Coinalyze: Offers a free on-chain analytics platform with data on metrics like exchange inflows, token holders, and social sentiment.

Unleashing the Power of Free On-Chain Tools for Advanced Traders
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As an experienced trader, I’m always on the lookout for tools that can give me an edge in the market. While there are many paid options available, I’ve found that some of the best tools for advanced traders are actually free and on-chain. In this article, I’ll share my top picks for free on-chain tools that can help you elevate your trading game.

On-Chain Analytics: The Key to Unlocking Market Insights
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On-chain analytics provides a wealth of information about market activity, sentiment, and trends. By analyzing blockchain data, you can gain valuable insights that can inform your trading decisions. Here are a few free on-chain analytics tools that I highly recommend:

### 1. Coin Metrics

Coin Metrics offers a suite of free on-chain analytics tools that provide real-time data on blockchain activity, network fundamentals, and market trends. Their tools are highly customizable, allowing you to create bespoke dashboards that cater to your specific needs.

### 2. Glassnode

Glassnode is another popular on-chain analytics platform that offers a range of free tools and metrics. Their platform provides insights into blockchain activity, token velocity, and exchange flows. I particularly like their Network Data tool, which provides real-time data on blockchain transactions, addresses, and hash rates.

Identifying Market Trends with On-Chain Indicators
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On-chain indicators can help you identify market trends and sentiment. Here are a few free on-chain indicator tools that can give you an edge:

### 1. CryptoSlate’s On-Chain Indicators

CryptoSlate’s on-chain indicators provide real-time data on market sentiment, momentum, and trend strength. Their indicators are highly customizable, allowing you to create bespoke dashboards that cater to your specific needs.

### 2. Santiment’s Sanbase

Santiment’s Sanbase offers a range of free on-chain indicators that provide insights into market sentiment, trend strength, and momentum. I particularly like their Network Value to Transactions (NVT) Ratio indicator, which helps identify potential market tops and bottoms.

Visualizing Market Data with On-Chain Charting Tools
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On-chain charting tools can help you visualize market data and identify trends and patterns. Here are a few free on-chain charting tools that I highly recommend:

### 1. TradingView’s On-Chain Charts

TradingView’s on-chain charts provide real-time data on blockchain activity, token velocity, and market trends. Their charts are highly customizable, allowing you to add indicators, overlays, and other technical analysis tools.

### 2. Dune Analytics’ On-Chain Charts

Dune Analytics’ on-chain charts provide insights into blockchain activity, token velocity, and market trends. I particularly like their ERC-20 Token Tracker, which allows you to track the activity of specific ERC-20 tokens.

Maximizing Your Trading Potential with On-Chain Alerts
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On-chain alerts can help you stay on top of market trends and sentiment. Here are a few free on-chain alert tools that I highly recommend:

### 1. CryptoSlate’s On-Chain Alerts

CryptoSlate’s on-chain alerts provide real-time notifications on market trends, sentiment, and momentum. Their alerts are highly customizable, allowing you to create bespoke notifications that cater to your specific needs.

### 2. Glassnode’s Alerts

Glassnode’s alerts provide real-time notifications on blockchain activity, token velocity, and market trends. I particularly like their Large Transaction Alert, which notifies you of large transactions on the blockchain.

Putting it All Together: A Sample Dashboard
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Here’s an example of how you can put these tools together to create a comprehensive on-chain dashboard:

By combining these free on-chain tools, you can create a comprehensive dashboard that provides real-time insights into market trends, sentiment, and blockchain activity.

Frequently Asked Questions:

Best Free On-Chain Tools for Advanced Traders: FAQs

Frequently asked questions about the best free on-chain tools for advanced traders:

What are on-chain tools?

On-chain tools are platforms or software that provide real-time data and insights about the blockchain, allowing traders to make informed decisions based on the activity happening directly on the blockchain.

Why do advanced traders use on-chain tools?

Advanced traders use on-chain tools to gain a competitive edge in the market by having access to real-time data and insights that help them identify trends, patterns, and market sentiment. This allows them to make more informed trading decisions and stay ahead of the competition.

What are some of the best free on-chain tools for advanced traders?

Glassnode: Provides detailed on-chain data and insights for BTC and ETH, including metrics such as network activity, transaction volume, and holder distribution.
CoinMetrics: Offers a range of on-chain metrics and tools, including network data, transaction data, and token metrics for various cryptocurrencies.
CryptoSlate: Provides a range of on-chain data and insights, including price charts, order book data, and network activity metrics for various cryptocurrencies.
Looksrare: Offers a range of on-chain tools and metrics, including token holder distribution, liquidity pool metrics, and trading volume data.
Dune Analytics: Provides a range of on-chain data and insights, including metrics on DeFi protocols, NFT marketplaces, and cryptocurrency exchanges.

How do I get started with using on-chain tools?

To get started with using on-chain tools, follow these steps:

Choose an on-chain tool that suits your needs and trading goals.
Sign up for a free account, if required.
Familiarize yourself with the tool’s interface and features.
Start exploring the data and insights provided by the tool.
Integrate the tool into your trading strategy and adjust as needed.

Are on-chain tools only for advanced traders?

While on-chain tools are particularly useful for advanced traders, they can be used by traders of all levels. However, some tools may require a certain level of knowledge and understanding of blockchain and cryptocurrency markets.

Are free on-chain tools limited in their features?

While some free on-chain tools may have limitations compared to their paid counterparts, many of the tools listed above offer a range of features and insights that can be useful for advanced traders. However, some tools may have limitations on data frequency, granularity, or access to premium features.

How can I stay up-to-date with the latest developments in on-chain tools?

To stay up-to-date with the latest developments in on-chain tools, follow industry leaders and developers on social media, participate in online communities and forums, and attend webinars and conferences related to blockchain and cryptocurrency markets.