Everything about the digital ecosystem hangs on data. From the price feeds that drive asset valuation to on-chain wallet activities, it all comes down to data. KingData attempts to make sense of all the on-chain and off-chain through its numerous analytical tools.
Features Of KingData
One of the unique things about KingData is its tremendous target market. The project caters to both investors and project owners, which is quite significant in this digital space. Here are some of the many offerings of KingData:
- New Airdrops
On KingData, users are fed with the latest reputable airdrops in the crypto space. It’s such a crucial benefit. The early bird still catches the biggest worms in crypto.
Airdrops might be free, but there are lots of scams masquerading as something else. With the aid of KingData, users are shielded from such scams. The free resource on new airdrops that’s available on KingData saves users valuable time.
- Whale Tracking
The on-chain analysis is mostly down to wallet tracking. Only 0.01% of wallet owners hold the most bitcoins. These are the ‘whales’ on the blockchain, and their activities determine the price action of the digital asset. The Whale Tracking feature on KingData let users follow the activities of these whales, including live tracking, transaction monitoring, and more. It’s a great way to determine the best move in a crypto market that’s driven massively by sentiments.
- Dapp Evaluation
More and more decentralized applications (dapps) are launched on the blockchain. This can be quite confusing for those looking for the next big thing. Fortunately, KingData recently added the Dapp Evaluation feature to support the analysis of the latest dapps on the blockchain.
The platform hopes to serve as a safe space where community leaders and influencers can brainstorm on these dapps for the good of the average investor.
- APY NewLook
Here, users can find everything on APYs of different yield farming protocols, lending pools, and more.
The Farm APY has everything on yield farming APYs, which are properly categorized so users don’t have to spend more time navigating safe pools or the hottest APYs.
KingData also breaks down the APY data in this segment. Users get access to helpful APY analysis on the different pools, including the TVL, audit reports, chains covered, and a balanced outlook on these pools.
APY NewLook is one of the few places to weigh the cons and pros of investing in the native token of these yield farming protocols. The Token APY Analysis section provides as much clarity on the token potential of these farming protocols.
- DEX Drill-down
KingData also has decentralized exchange activity tracking covered in its DEX Drill-down section. Users can keep up with all the data on different wallet address behavior as it concerns DEX usage. This can prove quite efficient in identifying buying and selling opportunities.
Dashboard Time-range selection
Data analysis goes deeper into comparisons on KingData. The Dashboard time-range selection is where the magic happens. Data on different aspects of potential projects are compared side by side with the chains captured in this analysis.
The dashboard comes in a crisp data display that’s easy to follow. You can also track the interplay of history thanks to the introduction of the historical data function.
- DEX Data Analysis
One of the ways to stay updated in the heavily cryptic crypto space is through data analysis. The KingData DEX Data Analysis is certainly one tool that gets the job done quickly and effectively.
On the DEX Data Analysis section, you can see through scam projects before they pull the proverbial rug, which is something many investors still struggle with.
This feature also critically analyzes liquidity pools and swap functions on relevant DEXs. Anyone looking to provide liquidity or trade on DEXs will find such analysis useful.
Lots of ‘whales’ use DEXs for trades. Though all that data is available on-chain, the DEX Data analysis tool on KingData makes it convenient for anyone interested in following the money.
- Dapp Ranking
On KingData, you can stay informed on what Dapp is doing with those numbers, whether it’s the vividly captivating NFT space or the code-munching world of DeFi. Even GameFi isn’t left behind in the fun.
The ranking is based on an assortment of metrics that revolves around data available on the blockchain.
The Purpose Of KingData
As the crypto ecosystem continues to expand, we expect data analysis to play an even bigger role for investors looking to make smart decisions. KingData hopes to arm investors with all the data they need in one place. It’s a step up from the scattergun approach most investors are applying at the moment.