Inventory of Solana Chain Tools: Essential Tools for Becoming a SOL Memecoin Player
The cryptocurrency market has experienced a significant downturn, with mainstream coins showing obvious declines, and altcoins lacking liquidity. Only the Memecoins on the Solana chain remain vibrant. The daily number of new SPL tokens has reached a new high, and the one-click token issuance platform Pump.fun has achieved record revenue, with trading volume on the Solana chain surpassing that of the Ethereum mainnet. The demand for data tools on the Solana chain is growing, and this week Dr.DODO will introduce three tools to assist in asset management and address tracking, as well as several TG Bot mini-tools.Original Title: Solana Ecosystem's Hidden Gem | CryptoSnap
Author: Dr. DODO is Researching
Compiled by: Lisa, MarsBit
Recently, the cryptocurrency market has experienced a significant correction, with mainstream coins continuously declining and altcoins facing liquidity issues. However, the Memecoins on the Solana chain remain vibrant, becoming the only lively area in the market. Data shows that the daily number of new SPL tokens has reached a record high, the one-click token issuance platform Pump.fun has seen its revenue hit new highs, and at one point, the trading volume on the Solana chain surpassed that of the Ethereum mainnet, making it the blockchain with the highest DEX trading volume.
When trading Memecoins, aside from paying attention to community topics, the most important aspect is actually the analysis of on-chain data. Therefore, the demand for on-chain data tools for the Solana chain is growing. This week, Dr. DODO will introduce three tools to help you manage on-chain assets or track on-chain addresses, as well as several TG Bot utilities. Let's become masters on the Solana chain together.
GMGN.ai
GMGN is a tool website that combines two major functions: a charting website and an on-chain asset dashboard. Although established charting websites like Dextools, Dexscreener, and GeckoTerminal have started to support Solana, GMGN provides faster and more real-time data, as well as support for Pump.fun chart services. In addition, it offers address tracking, portfolio management, and SmartMoney/KOL wallet exploration, among other features, essentially meeting the various basic needs of on-chain players. It is currently the favorite Solana tool website for mainstream Degen users.
Source: GMGN.ai
AlphaVybe
AlphaVybe is a tool website that combines an asset management dashboard with a visual on-chain browser. In addition to tracking address token asset holding data, it also has the functionality to analyze token data. The most significant difference is the visual representation of address interaction data. When tracking on-chain addresses, AlphaVybe can display all interacting addresses in one image, making it more readable compared to crawling solscan data.
Although the asset dashboard functionality is not as real-time as GMGN.ai, AlphaVybe can primarily read the value of mainstream ecosystem tokens. However, in terms of address tracking, AlphaVybe's visualization capabilities are essentially irreplaceable.
Source: https://alpha.vybenetwork.com/
Step Finance
Step is one of the earliest projects to create an on-chain data dashboard for Solana. It successfully launched during the last bull market and was once compared to Debank. However, after the collapse of FTX, the project faced a long period of stagnation without updates. Nevertheless, it has made several updates following the recovery of the Solana market.
Currently, it provides asset dashboards and historical transaction records, as well as sub-products for analyzing on-chain token data, allowing for more visual analysis of token liquidity and other information.
Source: https://app.step.finance/
TG Bot
Regarding TG Trading Bots, a complete introduction was provided in previous issues of CryptoSnap, so I will not repeat it here. Instead, I will mainly introduce some practical tracking channels.
On-chain Address Tracking Notifications:
Once you set up the address to track, you will be notified immediately when there are transaction activities. The following TG BOT services are quite similar, and you can choose the one that suits you best.
- Cielo
- EtherDrop
- Solana Ray
- GMGN.ai
Hot Trend Token Notifications:
- SOL TRENDING: You can see which tokens are currently the hottest and most played on-chain, but there is also a lot of junk information.
- Solana Early Birds: A new token notification channel produced by the Pepeboost team. Unlike ordinary new token channels, the Early Birds channel incorporates a judgment mechanism for smart wallet entries to reduce junk information. However, since newly launched tokens are inherently high-risk, it is suitable as a reference for small investments.
- Pump Alert: Produced by the GMGN team, this is a notification channel for new tokens on Pump.fun, allowing you to filter out the most popular tokens on Pump, which is also a very useful channel for participating with small amounts of capital.
Author's Perspective
Having basic on-chain analytical skills is a crucial element for being an on-chain player, especially for Memecoin enthusiasts. Since Memecoins lack fundamental research, the only thing to focus on is the structure of chip distribution, whether smart money is entering, and whether there are any insider trading activities by project teams. Blindly participating in low-quality coins carries significant risks, but learning basic on-chain analysis can greatly increase your chances of success. By effectively using the tools mentioned above, I hope everyone can become skilled players on the Solana chain and make big profits together.
