Are you a fan of decentralized finance (DeFi) and looking to optimize your strategies and returns? Then you’ve come to the right place! This article is the first in a series in which we will introduce you to the must-have DeFi toolsto help you make the most of this fast-growing sector.
Whether you’re interested in on-chain data analysis, portfolio management, airdrops, the staking There’s something for everyone. Get ready to discover our 2023 selection of the best platforms!
>> Prefer to keep your cryptos safe? Choose a Ledger wallet (commercial link) >>
Series presentation
The series on best DeFi tools in 2023 begins with this article.
Here we present the most useful platforms for monitor the value of your portfolio and help you to configure and secure it. You’ll also discover our selection of the best tools for theon-chain data analysis. Finally, we offer you a list of the most reputable sites for find airdrops.
Next week, we’ll take a look at the tools you can use to identify new projectsto those who can help you help you tradeand those who facilitate the search for the highest yields of the moment.
We’ll be presenting all these tools in detail over the coming weeks.
The DeFi stands for decentralized finance in English » Decentralized Finance « . This term refers to a financial ecosystem based on the technology of the blockchain and smart contracts. It makes it possible to lend, borrow, sell or buy assets or derivatives, without intermediaries or trusted third parties (banks, brokers…).
It offers many advantages such as the transparency and the resistance to censorshipbut also risks such as security vulnerabilities or the uncertain regulation and changing.
To access this universe, you must hold your tokens in a non-custodial portfoliooutside centralized platforms. We won’t go into this subject in this article, but if you need more information, please don’t hesitate to consult this article. It’s a crucial step, not to be overlooked.
DeFi is booming, with more and more products and services on offer. So it’s only natural that a number of solutions should appear to help users navigate this tumultuous ocean with peace of mind.
The best DeFi tools for monitoring and managing your portfolio
One of the difficulties when you start using multiple DeFi protocols and multiple blockchains is to keep track of your portfolio.
The first two tools presented allow you to visualize its value at a glancewhat tokens you own, the positions you have taken on certain protocols, your NFTs…
They are currently limited to EVM-compatible blockchains, but are constantly being improved, and it’s not out of the question that they will be extended to other blockchains in the future.
The last two tools enable manage blockchains you use and authorizations you have signed.
DeBank: the Web3 Messenger
DeBank is an application that allows you to view your portfolio in just a few moments. Simply enter your address or connect your wallet, and the application will clearly show you where your tokens and NFTs are and what they’re worth.
You can also view the contents of addresses that don’t belong to you.
DeBank currently supports 17 blockchains and all 835 protocols.
DeBank also stands out from the competition thanks to its social dimension. The application offers a list of addresses of « whales « You can follow them to observe their transactions. The application also lets you send Messenger-style messages to other addresses.
You’ll find a more complete presentation of DeBank here.
Nansen: the wallet tracker
Nansen.ai is a blockchain analysis platform. It offers several pay-as-you-go packages providing access to different data.
The wallet tracker for its part freeand is available at this address.
The application supports 45 blockchains and over 400 protocols.
Please note that the information provided by trackers is not exhaustive, as many protocols are not yet supported.
As an example, on the screenshots above, you can see that for the same address, Nansen only finds $239 million worth of tokens, while DeBank displays $1 billion.
To cover the widest possible range of applications and blockchains, you can use these 2 applications in parallel.
Cointool: the DeFi toolbox
Cointool is an application that offers many possibilities.
In terms of managing your portfolio, the application allows you todisplay and revoke all authorizations you have signedon some forty different blockchains. This option is available in the » Approval checker « .
Cointool can also be useful for know the gas needed to sign transactions. It also offers a browser extension to help protect you against fraudulent transactions.
Chainlist: the list of all RPCs
Chainlist is a website that provides a list of RPCs for EVM-compatible blockchains (mainnet and testnet).
Here you’ll find all the information you need to set up a Metamask.
>> Put your cryptocurrencies in the green. Choose a Ledger wallet (commercial link) >>
DeFi’s best analysis tools
Defillama: the DeFi dashboard
Defillama is an essential tooland could appear in many of the categories in our DeFi series, so numerous are the possibilities it offers. It continuously scans data from around 200 blockchains, and offers a vast amount of information about them.
Among the many functions available, you’ll find :
- a classification of protocols by blockchain and TVL.
- a ranking of returns offered by token and by strategy
- ranking of bridges by blockchain and TVL
- an aggregator of exchange platform aggregators
- a borrowing protocol aggregator
- …
Dune: analysis and visualization of blockchain data
Dune is a tool foranalyze and visualize a multitude of data on the blockchain. You can consult thousands of dashboards for hundreds of projects, track various indicators, and more.
You can also create your own dashboards and share them with other users.
It is possible to retrieve data using SQL queries and download them in various forms (CSV files, etc.).
TokenTerminal: the blockchain data aggregator
Like the two previous applications, TokenTerminal provides access to a wide range of data concerning blockchains and the protocols deployed on them.
The paid version, aimed at professionals or wealthy customers (from 275 euros/month), lets you retrieve data via API or as a CSV file, and build your own dashboard.
Glassnode: on-chain data analysis
Glassnode is a platform forextract data from the blockchain. With over 1000 metrics and customized calculation toolsThe site is aimed at both private and professional customers.
The basic version is free, but already offers access to a wealth of data.
In the « studio you can explore thematic graphs and dashboards about on-chain activities.
The « workbench allows you toapply custom formulas and create your own metrics.
BubbleMaps: data in colored bubbles
BubbleMaps.io is a website that allows you to visualize data in colored bubbles.
In particular, it is possible to display information linked to tokens or NFTs.
BubbleMaps is very useful for identify links between different walletsfind the main token holders and study their behavior, etc.
CryptoFees: projects people pay for
CryptoFees is a very simple site that offers a ranking of crypto projects according to the fees people pay to use them.
DeFi’s best tools for finding airdrops
The tools presented below allow you to find airdrops (past, present and future). If you want to give yourself the best chance of being eligible, select the projects you’re interested in on these sites. don’t be satisfied with the information they provide.
You’ll need to dig deeper on your own (Twitter, Discord, Medium…) to find out what tasks you need to perform to make sure you get a piece of the action.
DropsEarn: airdrops, events and opportunities
DropsEarn listed a large part of the airdrops of the moment, and gives details such as deadlines for participation, tasks to be completed and potential earnings.
The site also lists various current events that allow users to generate earnings (contests, bounties, promotions, referrals…).
Earni.fi: find unclaimed airdrops
Earni.fi to find out whether an EVM-compatible or Cosmos ecosystem address is eligible for airdrops that it has not yet claimed.
You can also ask to be alerted by email when new airdrops are available. The paid version gives you access to airdrop farming strategies.
Airdrops.io : all the latest airdrops
Airdrops.io lists a large number of airdrops current and past airdrops, classifies them into different categories and explains (succinctly) how to take part.
Sometimes the site also offers its own airdrops.
The last word
The list of DeFi tools presented here is not exhaustive. The sector is constantly evolving, and new projects emerge regularly.
It’s important to stay informed and curious, to find the solutions that suit you best.
Consult the Journal Du CoinWe’re sure you’ll find what you’re looking for here. If you still haven’t found what you need, come back next week for the second part of our selection.
And if we’ve overlooked one or more tools that you feel are essential, please let us know by commenting on our Twitter post, and we’ll be happy to add them to the list.
To store your cryptos, nothing beats a Ledger wallet. The Nano S and Nano X offer security and ease of use. In fact, they are compatible with the vast majority of cryptos and networks. They are an absolutely essential alternative to all the exchanges that offer to hold your assets for you. Remember, « Not your keys, not your coins »!