Whether you are a long-term macro investor or swing trader, utilising the right tools and capturing the right information can help you understand when conditions are for buying, selling or simply doing nothing. This is how you create an edge in markets, and yes, that is very possible to do in the crypto space where there is so much information asymmetry compared to traditional finance.
Rather than give you a dozen choices for every category that do the same thing and leave it to you to figure out what is best, below is a short list of unique tools we use within crypto, verifying their quality with a short description of their specific use case.
If you would like a complete dashboard of all the products you can use for easy navigation, bookmark apps.tortugaonchain.com, which hosts another Galleon Labs app, UltraSoundApps.
Analytics
Nansen
Capture alpha by seeing what other successful traders and investors do on-chain and follow their wallets.
Dune
See fundamental shifts in project metrics through querying on-chain data to influence your investment thesis.
Token Terminal
Dive into real-time cashflows and reports for major DeFi protocols to find undervalued projects.
Glassnode
Visualise macro network data on Bitcoin and Ethereum to see the bigger picture of the markets compared to historical cycles.
TokenUnlocks
Stay updated with vesting schedules to projects you are interested in to know what supply and demand get skewed to one side.
DeFiLlama
A free extensive crypto dashboard that captures on-chain data for DeFi but also has unique features around VC deal tracking and yield opportunities.
Charts
TradingView
Primary charting platform for Crypto, Equities & FX. Create a watchlist to track tokens and create trading or investing ideas based on your strategy.
DexScreener
Fast charting platform specifically for DEX-only tradable tokens (e.g. Uniswap Pools).
GeckoTerminal
Like DexScreener, however, GeckoTerminal tracks Curve pools too, which, if the token only has liquidity on there, you’ll need this.
Velo
The main source of derivatives data when trading futures within Crypto. Specifically, data visualisation around open interest, funding rates, and liquidations are of core interest.
Exchange
Aevo
Aevo is a DEX that offers options, perpetual futures, pre-launch perpetual, and more. What makes it great as a degen-friendly exchange is that the team quickly lists new speculative markets, and the product has a great, sleek UI.
GMX
GMX is an Arbitrum-based DEX where you can open leveraged positions within a swap-like interface. It has a limited selection of markets but deep liquidity, so if you are into leveraging BTC and ETH with size and no slippage, GMX is the place.
WOO
If you want to use a centralised exchange, I would choose WOO. They are very in touch with the crypto community regarding asset selection and products. They have transparent proof of reserves you can check, ensuring the exchange is always solvent.
1inch
For all asset swapping needs on a DEX, use 1inch to aggregate the best route and liquidity from across DeFi to give you the best output.
CoW Swap
For large swaps, limit orders and TWAPs, CoW Swap is favoured with a focus on MEV-protected, gas-efficient execution.
Discovery
CoinGecko
A comprehensive cryptocurrency data aggregator providing a way to discover new tokens and categories whilst having detailed project information, such as official links, token price and supply tokenomics.
Portfolio
DeBank
An all-in-one DeFi portfolio tracker that supports multiple chains and provides a comprehensive overview of assets and liabilities.
Explorer
Etherscan Suite
Multi-chain block explorer, offering detailed transaction data, address tracking, and network statistics across various blockchains.
Ethereum, Arbitrum, Optimism, Avalanche, Polygon,
BNB Smart Chain, Scroll, Gnosis Chain, Cosmos, Base
Wallet
Rabby
User-friendly crypto wallet designed for seamless interaction with DeFi and Web3 applications with automatic network switching, Rabby is leagues above the dominant competitor Metamask.
Safe
Consider a Safe Wallet, which has advanced security features and multi-signature support to secure significant amounts of funds you will not be interacting with much.
That’s it for this list, we hope you find the products here useful in aiding as inputs to your own investing and trading journey. We will create a separate list specifically for our favourite dapps and their uses so you can take advantage of DeFi, stay tuned for that in the future.
If you have any questions, feedback or views on the topic, contact us on Twitter (@TortugaOnchain). We would love to hear it. Also, if you found this content useful, please consider following us on our social media, subscribing and sharing it with others.
Tips, disclosures & more: tortugaonchain.com
Trading dashboard: apps.tortugaonchain.com
Twitter: @TortugaOnchain, @andrew_eth, @galleonlabs
Enquiries: gm@galleonlabs.io
Disclaimer
The content in this newsletter is not financial advice. This newsletter is strictly educational, not investment advice or a recommendation to buy or sell assets or make financial decisions. Do your own research; crypto markets are volatile.
