Best On-Chain Analysis Tools. How to Track Whale Crypto Wallets? 

How to find and track profitable crypto whales? Top 6 Crypto Tools for Blockchain Analytics: #1 ArbitrageScanner.io, #2 Dune, #3 Nansen, #4 Spot on chain, #5 Arkham, #6 Debank

Regardless of your experience in the crypto industry, this article offers valuable resources:

• If you are a beginner looking for up-to-date information on your favorite projects 
• A crypto trader looking for analytical tools to identify and execute profitable trades
• Or an experienced investor looking for in-depth analysis to better inform investment decisions

You will get an overview of the six best crypto wallet analysis tools to help you navigate the complex and dynamic world of cryptocurrencies.

Track and search wallets. Every blockchain has a public transaction tracker with search and filtering capabilities. We are interested in the ability to track cryptocurrency wallets by the size of their contents. For the ETH blockchain, etherscan.io has this capability, other blockchains have their own tracking tools. But such explorers are very difficult to read, so the market needs convenient blockchain analysis tools that simplify the whole process of finding and understanding the right information, and it will be much easier for you to do any kind of research, be it token, smart contract or blockchain.

Using such a method, a Twitter user was able to earn $25 million by following the wallets of influencers.

He monitored 14 wallets of famous people. Among them were Vitalik Buterin (founder of Ethereum), Justin Sun (founder of Trom), Arthur Hayes (ex co-founder of Bitmex), speaking of him, he managed to earn 11.3 million dollars in one month, which is an amazing 6915% profit margin.

Today we’re going to take a look at the key players and evaluate them on 5 points

• Income potential with the product
• Educational Resources 
• Functionality and Features
• Uniqueness of the earning tools
• Pricing

We rate each criterion on a 5-point scale and calculate an arithmetic average to determine the best tool.

ArbitrageScanner.io

Let’s start with ArbitrageScanner, which took the top spot in our ranking with a high score of 4.8, demonstrating impressive performance in on-chain analysis. This tool stands out for its advanced wallet analysis features with active use of AI and arbitrage capabilities, making it especially valuable for crypto users of all levels. This is the best tool to make money for both beginners and experienced traders – here you can:

• Arbitrage cryptocurrencies (look for classic bundles as well as arbitrage spot + futures, futures + spot and futures + spot strategies)
• Analyze/search wallets using ArbitrageScanner analysis tools (search and analysis of wallets, search of wallets with AI, ready-made selections of Tier-1 funds and market insiders, ability to create your own selections and track wallets)

Advantages of Arbitrage Scanner – Wallet Analysis

• Wallet Analysis

Wallet Analysis

To analyze crypto wallets – “Calculate metrics: Winrate, ROI, Volume and PnL” feature, we can evaluate the overall performance of wallet strategies. This includes calculating metrics such as ROI for each asset, which allows us to evaluate profitability and risk.

To understand how the ArbitrageScanner tools work, let’s take a look at a customer case study:

One of the clients ArbitrageScanner analyzed transactions from the wallet of successful investor Andre Cronje – independent blockchain developer DeFi and founder of Yearn.finance.

You can track this wallet here.

Considering that the first place is given to “all of us” as cryptocurrency market participants, Andre is the most influential person at all. Through transaction tracking with ArbitrageScanner’s Wallet Analysis tool, the client found early interest in a new blockchain project. He started to follow Andre’s actions and exactly replicated his strategy in his portfolio, which returned +270% in four months.

• Wallet Search by Filters

Blockchain Explorer – Crypto Wallet Address Lookup

The best functionality for making money in the wallet analysis section, no one else on the market has it.

You can set filters for any coin, e.g. that grew 400% yesterday, and find wallets that bought it in advance, sort by income or ROI, and thus find wallets of potential insiders (this can be used for meme tokens, but it is better for large tokens to avoid getting scammed).

• AI Similar Wallet Search

AI Crypto Wallet Screener – Arbitrage Scanner

No one else in the world has anything like it. Search for similar wallets using artificial intelligence.

For example, if you know 2 wallets of a public person, enter them into the section and with a high probability our service will find his wallets by 512 characteristics, even if he has never interacted with them. You can also use this method to find wallets that earn on some strategies and you can find wallets that earn on the same strategies.

Profit potential with the product 5/5

ArbitrageScanner provides a detailed analysis of the activity of leading wallets, allowing users to identify profitable trading signals and strategies. This is especially valuable for identifying buying and selling moments, which directly affects the profitability of trades. 

Using AI algorithms, the platform detects potential insider wallets, and thanks to the automated search and analysis, users save time and resources that would normally be spent on manual market analysis, increasing the efficiency of their trading. 

In addition, the platform offers cryptocurrency arbitrage software that supports 60 CEX exchanges, 40 DEX exchanges and more than 30 blockchains!

Let’s look at how the ArbitrageScanner tools work with a concrete example: 

In February, many coins rose sharply by 20-30%, one of them was $LIT from the Litentry project. A VIP client got a chance to test a new analytical tool designed to track the activity of large investors and market makers.

When the excitement about $LIT started in communities and chat rooms and rumors about the upcoming pampa started, the token price was around $1.09. Noticing the growing interest, the client used the new Arbitrage Scanner dashboard to analyze the situation in depth. The client discovered that behind the interest in $LIT was the activity of a large investment fund and market maker, DWF Labs, which had previously initiated price increases on tokens such as $JASMY and $SPELL. He then realized that these patterns could foreshadow the next $LIT spike and made the decision to invest. On the same day, analytics tools showed a transaction with a significant transfer of over $1.6 million in $LIT tokens to the Binance platform by a large investment fund and market maker, DWF Labs.

The result: the client bought $LIT at a lower price, before the rest of the market reacted to the HYIP, as a result he recorded a profit of 30% at a price of $1.4.

You can follow and analyze one of the wallets of the fund here. 

Educational Resources 5/5

ArbitrageScanner offers extensive educational resources, making it an ideal tool for users of all experience levels.

Users have access to a variety of practical case studies that demonstrate various trading strategies and techniques to help them understand how to best use the platform’s tools to maximize profits, as well as interactive tutorials and constantly updated content.

Functionality and Features 5/5

• ArbitrageScanner’s massive wallet search makes it easy to analyze wallets using filters to identify market trends. 
• Using AI to analyze wallets reveals hidden relationships and helps make informed trading decisions. 
• The platform has an intuitive interface, which is very important! you will see why. 
• Exchange integration expands arbitrage opportunities. 
• Real-time notifications provide up-to-date information about the market, and access to cryptocurrency news before it is published in the media gives you an edge in staying ahead of trends. 
• The ability to integrate with social networks and search for customers by keywords opens up additional opportunities to earn money.
• It is worth noting that the service does not include an extensive analytics platform similar to what is available from other services.

ArbitrageScanner focuses more on specialized tools for specific earning tasks, rather than broad market analysis and deep dives into blockchain data. 

• ArbitrageScanner effectively combines ease of use with powerful features to make quick profits in the cryptocurrency market.
• Other products are full of complicated, incomprehensible numbers and data and it is not clear how to make money with them. In Arbitrage Scanner all products are aimed at copying a trading strategy that everyone can understand.

Uniqueness of the earning tools 5/5

ArbitrageScanner stands out in the market due to its unique earning tools, which distinguish it from other analytics services

The service uses advanced artificial intelligence algorithms to identify hidden relationships and trading signals in wallet data, which is a groundbreaking approach in the industry that no one else has.

The team often shares their clients’ cases – it helps to analyze successful strategies and apply them to your crypto portfolio. On the ArbitrageScanner blog and YouTube Channel, you can find a large number of practical cases: for example, the team recently published the results of a client who earned 12% in 1 round on BLOCK on futures arbitrage → 

Client who earned $9000 in 1 Day on Meme token with Wallet Analysis tools  → https://arbitragescanner.io/cases/How_to_make_money_on_wallet_analysis 

We recommend watching videos and reading articles to understand exactly how the tools work. 

Price 4/5

ArbitrageScanner offers affordable subscription options to suit the needs of traders of all levels. 

If you are a beginner and don’t know much about on-chain analysis, the ArbitrageScanner team will help you take your first steps. These are definitely the best tools on the market that will be useful for both beginners and experienced traders. We recommend you to subscribe and start earning with ArbitrageScanner using strategies for arbitrage and on-chain analysis. 

Beginners can take advantage of free access to wallet analysis, and for a deeper dive into the analytics, a minimum rate of $69 is offered. However, we recommend the Platinum subscription for $399, which unlocks all of the platform’s features and, most importantly, access to company events around the world!

Dune Analytics

Dune Analytics ranked second with a score of 4.6. The product transforms complex blockchain data into easy-to-understand charts and metrics, simplifying analysis and decision-making.

Profit potential with the product 4/5

The platform is particularly useful for quickly finding answers to unique questions that other data services may miss. Dune provides data in two forms: raw and decoded, allowing users to create their own tables in the Dune database and query for information using SQL.

Educational Resources 5/5

Dune offers a wide variety of tutorials and guides. They feature an extensive knowledge base that explains the principles of blockchains and cryptocurrencies.

Functionality and Features 5/5

• Ability to create and publish your own dashboards and make them publicly available to other users.
• Integration with various blockchains, including Ethereum, xDai, Polygon, Optimism, BSC and Solana.
• Ability to create database queries to extract information.
• Unique monetization tools
• Dune offers unique blockchain ecosystem analysis tools that allow users to analyze various aspects of cryptocurrency projects, DeFi applications and NFTs. These tools are particularly useful for investors and analysts looking to gain in-depth market knowledge.

Uniqueness of the earning tools 5/5

Dune Analytics offered a solution for risk analysis, including indicators such as collateral level, liquidation risks and others. Investors and traders began to actively use the platform to minimize risk and increase returns. The platform has replaced closed, standardized and expensive counterparts with open dashboards that make complex data easier to understand and visualize with easy-to-read charts and graphs.

Price 4/5

• Free access users can view data published on multiple dashboards for free
• Dune Plus: $399 per month.
• Dune Premium: $999 per month for teams.

Nansen

Rounding out the top three with a score of 4.0 is Nansen, a company specializing in blockchain data analytics that augments information on the network with data from millions of wallets. Cryptocurrency investors use this platform to discover investment opportunities and to verify and secure their investment portfolios.

Profit potential with the product 3/5

Nansen provides users with in-depth analytical tools that allow them to track and analyze blockchain activity. This includes analysis of transactions, tokens, NFTs and stablecoins. Investors and traders can use this data to identify trends and make informed investment decisions, but it’s worth keeping in mind that Plaftorm is more of an analytical platform than a money-making one.

Educational Resources 5/5

The platform gives users access to the Nansen Research Portal, where they can get professional analytical reports and in-depth market research.

Functionality and Features 5/5

Nansen has a wide range of features, including cryptocurrency portfolio tracking, support for Solana-based NFT projects, in-depth analysis of NFT collections (NFT God Mode), and tools for tracking smart investments (Smart Money Buys).

Nansen also provides security as a fully encrypted platform, ensuring that users have full control over their digital assets and can decide who can access their data.

Uniqueness of the earning tools 5/5

Nansen offers a unique feature to analyze anonymous addresses, giving users the tools to securely move between different wallets. Nansen allows users to track the actions of teams, exchanges and funds, which is critical to understanding the dynamics of token accumulation or sale.

Nansen’s tools feature the ability to perform multi-layered analysis, providing traders and investors with data for effective market research.

Price 2/5

The Nansen platform offers users a range of pricing plans, each providing access to different levels of functionality and analytical capabilities. However, it is worth noting that most of the platform’s key features are only available in the paid plans

• Standard: $149 per month, offers advanced features including NFT dashboards and token monitoring.
• VIP: $1490 per month, includes all standard features plus additional customization and early access to new features.
• Alpha: $3,000 per month (quarterly or annual subscription only), provides the most comprehensive access to features and a private community.

Spot on chain

Spot On Chain with a score of 3.8. The project is an advanced blockchain data analytics platform, which combines artificial intelligence and advanced analytics tools to provide users with relevant and actionable information.

Profit potential with the product 5/5

Spot On Chain has the ability to process massive amounts of blockchain data with high speed and accuracy, providing traders with valuable data for informed investment decisions and smart money indicator buy signals.

Educational Resources 4/5

The platform provides users with access to a news feed of blockchain signals as well as visualization of multichain tokens. All users also have access to a news blog.

Functionality and Features 4/5

Spot On Chain provides a blockchain signals news feed that provides instant notifications and analysis. A multi-chain token visualizer that allows you to view wallet activity and analyze their profit and loss. Tracking activity of smart traders and updated wallets for informed investing. Platform integration to access data on mobile devices. Personal AI analyst for blockchain to track and analyze unusual wallet activity.

Uniqueness of the earning tools 3/5

Spot On Chain offers AI-based tools to simplify the analysis of blockchain data, and the platform can also offer advanced market analysis and data visualization features to facilitate decision-making and strategic planning. However, despite its innovative features, Spot On Chain has strong similarities with other platforms.

Price 3/5

Spot On Chain offers three levels of monthly premium subscriptions

• Personal Use $40: Includes basic premium features, 20% bonus points for referrals, no affiliate integration or API.
• Professional ($120: Additional 50% bonus points, affiliate integration, but no APIs
• Enterprise $500: Designed for project developers, includes more advanced features, 60% bonus points, and API integration.

Arkham

With a rating of 3.6, Arkham presents a decentralized platform for analysis and forecasting of the cryptocurrency market.

The main goal of the project is to provide users with a unified toolkit for fundamental, technical and on-chain analysis of various crypto assets.

Profit potential with the product 3/5

Arkham allows you to analyze transactions and activities on the blockchain, which can be useful for traders and investors to make informed decisions. Arkham is a tool for security and detecting fraudulent schemes on the blockchain, not for profiting from tracking wallets.

Educational Resources 2/5 

Arkham’s direct focus on educational resources is not highlighted, the platform offers in-depth analysis and intelligent tools that can be useful for self-learning and market understanding.

Functionality and Features 4/5

Arkham includes features such as a blockchain activity visualizer, personal wallet tags, token analysis, smart notifications, and the ability to monitor your own wallet.

Uniqueness of earning tools 4/5

• Arkham has its own patented ULTRA artificial intelligence engine that algorithmically matches addresses to real-world entities.
• Charting software with various price trend indicators. Tools to collect and analyze fundamental project metrics. On-chain analytics for transactions and movement of funds between wallets. Social analysis tools for monitoring discussions in the media and social networks. System of technical analysis of trends and market forecasts

Note: The question of the credibility of these personas remains open. Previously, Arkham twice collapsed the price of bitcoin due to false signals of mass sales. In the latter case, the error was caused by an incorrect wallet tag. Apparently, tags are now assigned jointly by users (at their discretion) and the marketplace itself, which tries to identify addresses based on public information.

Price 5/5

The platform is completely free, but let me remind you that Arkham is not a tool focused on profiting from tracking wallets, but rather on security and detecting fraudulent schemes.

Debank

DeBank also with a rating of 3.6 started as a universal tool for tracking activity in the crypto network. Any user with just a wallet address can check its balance, transactions, the presence of NFT on the account, and so on. Now it is a social web3 platform.

Profit potential with the product 3/5

DeBank gives users the ability to track and analyze their crypto assets in real time, providing the data they need to make informed investment decisions.

Educational resources 2/5

DeBank does not currently offer any educational resources as part of its services.

Asset management: View token balances across multiple protocols and track the value and performance of your entire DeFi portfolio. Mobile App: Manage assets on the go with the DeBank mobile app for iOS and Android. Risk Analysis: Users can view clear and simple risk analysis of their loans, liquidity pools and other activities in DeFi.

Uniqueness of earning tools 4/5

The service was originally the world’s first aggregator that allowed users to connect a cryptocurrency wallet and find out the total balance on all blockchains. By connecting the wallet to DeBank, the total balance of coins on all blockchains is displayed, as well as the current liquidity of positions in DeFi. DeBank Hi is a Web3 messenger that allows users to monetize their attention by turning it into an asset. DeBank is also introducing DeBank Chain, a second-tier blockchain with lower gas costs and improved asset security.

Price 4/5

DeBank offers subscription services in two options: for $15 and $30 per month. Subscribers with a Web3 ID get the added benefit of VIP status displayed next to their name. The platform used to be completely free.

Conclusion

We evaluated six tools for making money from whale wallet analysis, each scored on five key criteria. Here are the final rankings and overall scores:

1. ArbitrageScanner – First place with an overall score of 4.8 ArbitrageScanner stood out for its efficiency with wallet analysis features, heavy use of AI, and arbitrage capabilities.
2. Dune Analytics – Second place with an overall score of 4.6 
3. Nansen – Third place with an overall score of 4.0
4. Spot On Chain – Fourth place with a total score of 3.8
5. Arkham and DeBank – Fifth place with a combined score of 3.6

Blockchain analytics tools can be maximized for profit – as you can track the wallets of big funds, crypto whales, and copy their successful strategies. This is a great option for beginners who are just starting to understand cryptocurrency. And also these tools are maximized for experienced traders to gain more experience and new knowledge. We recommend using the tools we analyzed in this article – especially ArbitrageScanner, which took first place.