Tools Section: Mainstream On-Chain Analysis and Visualization Tools

Blockchain Explorers: The “Encyclopedia” of the On-Chain World

Etherscan / Solscan: Why Every User Must Know How to Use Them

Blockchain explorers are the most fundamental “database interfaces” of the on-chain world. All the “price, holdings, transactions, addresses” information investors see ultimately comes from here.

What can investors do with them?

• View detailed paths of a transaction
• Check token holder distribution
• Investigate address behavior of KOLs / traders
• Verify contract code security
• Detect if someone is secretly selling off

Four Key Entry Points Every Beginner Must Master

Source: https://etherscan.io/

1. Token Tracker (Token Homepage)

By entering a token contract address, you can see:

• Total supply
• Number of holder addresses
• Circulation status
• Whether Mint permissions exist
• Whether blacklist permissions exist

Core judgment: Are there any “hidden risk” permissions?

• Can the owner still mint more tokens?
• Can trading be paused?
• Can tax fees be modified?

These determine whether a project can be manipulated.

2. Holders (Holder Distribution)

Used to judge whether “whales are concentrated” and whether the distribution is healthy.

Points to note:

• Is the top address share too high? (>40% is risky)
• Are there multiple newly registered addresses holding large amounts of tokens?

Tip: If the top holder is an exchange or liquidity pool, this is normal.

3. Transfers (Funds Flow)

Used to detect if someone is “quietly selling.”

Indicators to watch:

• Sudden increase in sell pressure
• Large transfers into exchanges
• Sudden activity from team addresses

These are often warning signs.

4. Contract

Quick checks:

• Has it been audited?
• Is the contract publicly readable?
• Is it an upgradeable contract?

Upgradeable contracts mean flexibility but often also imply risk.

Popularity and Market Tools: What Investors Need and Don’t Need

Many users think Dexscreener / DEXTools are just for “checking prices.” In fact, their real value lies in: reading sentiment from price behavior and assessing risk from trading structures.

Dexscreener / DEXTools: Quick Assessment of Liquidity + Popularity

Source: https://dexscreener.com/ethereum/0xa43fe16908251ee70ef74718545e4fe6c5ccec9f

Traders can see:

• Real-time buy and sell data
• Liquidity pool (LP) size
• Candlestick trends
• Trading depth
• Multiple other indicators

Key Indicators: 4 Must-See Items for Beginners

1. Liquidity

Below $50k → higher risk; below $10k → extremely high risk (possible rug pull)

2. FDV (Fully Diluted Valuation)

Allows investors to quickly judge whether the project’s current price is expensive or cheap.

For example:

• Market cap $5M, FDV $500M → limited room for price increase
• Market cap $5M, FDV $8M → possibly still in price discovery phase

3. Pair Explorer (Trading Pair Analysis)

Investors can see:

• Buy/sell ratio
• Trading volume in the last 5 minutes
• Whale address trading activity

When investors see continuous buys every 1 second → often bot volume wash

4. Token Info (Security Check)

Source: https://www.dextools.io/app/en/ether/pair-explorer/0xa43fe16908251ee70ef74718545e4fe6c5ccec9f?t=1763548106430

The most overlooked yet most useful part of DEXTools.

Includes:

• Remaining permissions
• Whether Mint is possible
• Whether LP is locked
• Whether it is a Honeypot (cannot sell)

How to Quickly Judge Whether a Meme Coin’s Popularity Is “Real” or “Fake”?

Suppose an investor sees a coin rise 300% in one day. The investor needs to check these three items:

• 24h Volume ≥ 500k: If only 20k → fake popularity.
• Real-time buy/sell: Are only bots trading? If trades occur at regular intervals (one trade every 1 second) → wash volume.
• Top Buyers: Are there real users buying? If all top 20 are new addresses → likely a wash trading or fake pump.