Binance - Crypto Data Tools, July 2023

This report provides a comprehensive overview of the evolution of crypto data and the various tools available to analyze it. It highlights the importance of on-chain data analysis for decision-making and strategic planning, and provides examples of comprehensive blockchain data monitoring platforms and AI-powered tools such as DeFillama and Arkham Intelligence. The report also covers the limitations of basic data analytics providers such as block explorers, which only enable users to examine raw on-chain data, and the need for more sophisticated data providers to transform raw transaction data into valuable insights. The report includes example use cases, such as tracking funds' flows and identifying whale addresses, and highlights the soaring demand for artificial intelligence (AI)-driven blockchain analytics due to its ability to efficiently identify fraudulent activities and enhance trading strategies. However, it is important to note that this material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy.