Solana on-chain tools inventory: Essential tools for becoming a SOL Memecoin player

In recent cryptocurrency market corrections, mainstream coins have been continuously declining, while meme coins on the Solana blockchain remain vibrant as the only lively place in the market. Data shows that the daily number of new SPL coins on Solana has reached a record high, the revenue of the one-click token issuance platform Pump.fun has hit a new high, and at one point, the trading volume on the Solana blockchain even surpassed that of the Ethereum mainnet, becoming the blockchain with the highest DEX trading volume.

Trading meme coins not only requires attention to community topics but also crucially involves analyzing on-chain data. Therefore, the demand for Solana on-chain data tools is increasing. This week, Dr. DODO will introduce three tools to help you manage on-chain assets or track on-chain addresses, as well as multiple TG Bot utilities, so let's become Solana blockchain masters together.

GMGN.ai

GMGN is a tool website that combines features of a viewing website and on-chain asset dashboard. While established viewing websites like Dextools, Dexscreener, and GeckoTerminal have already started supporting Solana, GMGN provides faster and more real-time data. It also supports Pump.fun's chart service, in addition to address tracking, asset management, SmartMoney/KOL wallet exploration, and other functions, essentially meeting the various basic needs of on-chain players. It is currently the most popular Solana on-chain tool website among mainstream Degen users.

Source: GMGN.ai

AlphaVybe

AlphaVybe is a tool website that combines asset management dashboards with a visual on-chain browser. In addition to tracking address token asset holdings, it also has token data analysis capabilities. Its main differentiator is the visualization of address interaction data, which provides better readability compared to crawling solscan data when tracking on-chain addresses.

Although the asset dashboard functionality is not as real-time as GMGN.ai's data, AlphaVybe can only read the values of mainstream ecosystem coins. However, in the field of address tracking, AlphaVybe's visualization feature is irreplaceable.

Source: https://alpha.vybenetwork.com/

Step Finance

Step was one of the first projects to create on-chain data dashboards for Solana. It successfully launched during the previous bull market and was once compared to Debank by FTX. However, after FTX's collapse, the project languished without updates for a long time. Nevertheless, it has made significant updates following the recovery of the Solana market.

Currently, it offers asset dashboards and historical transaction records, as well as sub-products for on-chain token analysis, allowing for more visual analysis of token chip liquidity and other information.

Source: https://app.step.finance/

TG Bot

Regarding TG Trading Bot, a comprehensive introduction was provided in previous issues of CryptoSnap, so it will not be repeated here. The focus is on introducing some practical tracking channels.

On-Chain Address Tracking Notifications:

After setting up the tracked addresses, you will be notified of any transaction activity in real-time. The following TG BOT services are similar and you can choose the one that suits you best.

1. Cielo
2. EtherDrop
3. Solana Ray
4. GMGN.ai

Popular Trending Coin Notifications:

1. SOL TRENDING: You can see which coins are currently the most popular and widely traded on-chain, but there is also a lot of spam information.
2. Solana Early Birds: Produced by the Pepeboost team, this channel notifies about new coins. Unlike regular new coin channels, Early Birds channel includes a judgment mechanism for smart money wallet entries to reduce spam information bombardment. However, since newly launched tokens themselves are high risk, it is suitable as a reference for small speculative participation.
3. Pump Alert: Produced by the GMGN team, this channel notifies about new coins on Pump.fun, allowing you to filter out the most popular coins on Pump. It is also a very useful channel for speculating with small funds.

Author's Opinion

Having basic on-chain analysis capabilities is crucial for being an on-chain player, especially for meme coin enthusiasts. Since meme coins lack fundamentals to study, the only thing to look at is the structure of chip distribution, whether smart money is entering, and whether there are insider trading activities. Blindly participating in meme coins carries high risks, but learning basic on-chain analysis can significantly increase success rates. After utilizing the above tools, I hope everyone can become skilled Solana blockchain players and make big profits together.