Much has changed and evolved since our last progress recap. Over the past six months, the crypto industry has witnessed significant developments with institutional acceptance being one of the biggest overcomings.
The market has experienced dramatic booms and busts (the last update we were sitting $30k btc), new trends & metas, L1 chains launched, political influencers, celebrity endorsements, and the introduction of several million new tokens entering the space and on-chain world.
Notably, the biggest institutions, government entities and even former presidents all have on-chain profiles, underscoring the increasing relevance of on-chain data.
Over the next few years, it’s likely the majority of financial institutions will also want to launch on Ethereum too. Not to mention, Treasury and IRS have removed non-custodial entities (i.e: Wallets, DeFi Protocols) from their broker rule.
As a founder, I’ve seen considerable changes. Early meetings last year for Alphanomics were often met with skepticism regarding the asset class (pre-ETF) and, more importantly, the relevance of on-chain data and our product’s market fit.
However, as we have seen unfold a dramatic shift where meme coins, decentralized exchanges, and on-chain activities are now common topics within crypto.
We’ve made significant strides with Alphanomics as whole and focused on building. Recent users will have noticed numerous enhancements, including UI/UX improvements, data visualization upgrades, and new modules designed to make our platform more user-friendly and poised to become one of the main on-chain DEX terminals.
We’ll delve into specific product updates shortly, but for now, let’s examine the current landscape and Alphanomics’ role within it. Midway through 2024, the explosion of new coins, especially meme tokens, has increased the market’s cumulative supply by nearly fivefold.
Alphanomics is well-positioned to navigate and thrive in this dynamic environment, providing critical on-chain data insights to empower our users.
The Boom in New Coins: A Bullish Signal
Investors and traders now face an unprecedented abundance of choices regarding where and how to invest within the crypto market. This new paradigm, marked by dilution and altcoin dispersion, is here to stay. As the on-chain landscape becomes increasingly complex, the need to see and understand it is reaching an all-time high, and that’s where Alphanomics steps in.
Every new coin is born on-chain, with communities and cults forming around their on-chain activities. On-chain data has never been more critical for success in this market, and Alphanomics is poised to meet this demand. While ‘meme coins’ may carry a negative connotation, they are evolving into “social tokens.” These tokens now represent more than novelty; they have substantial community and engagement value.
Decentralized exchange (DEX) volumes are hitting all-time highs, providing even richer data sources due to increased DEX adoption. With extremely low transaction fees and minimal friction in deploying contracts, we foresee the trend of new tokens multiplying. This proliferation makes navigating the crypto markets increasingly challenging for investors without the right tools or assistance.
Alphanomics offers the perfect infrastructure and on-chain discovery tools for users at this critical juncture. Our platform enables investors to find early opportunities with significant asymmetric upside while minimizing risk. As the market continues to evolve, Alphanomics stands as an indispensable resource, empowering users to navigate the dynamic crypto landscape with confidence and precision.
How the BTC/ETH ETF Impacts the industry and us?
The approval of an Ethereum ETF is a pivotal moment for the cryptocurrency industry, marking a significant step towards the tokenization of assets. This move brings institutional investors closer to the blockchain, driving the transition of financial activities on-chain and the unlocking of trillions of dollars. As finance increasingly migrates to blockchain technology, the demand for transparency and democratized on-chain data becomes essential.
Our on-chain data platform is uniquely positioned to meet this demand. The rise of decentralized exchanges (DEXs) and complex on-chain financial flows amplifies the necessity for comprehensive, real-time data analytics. By providing transparent and actionable insights, our platform empowers users to navigate the evolving Web3 landscape with confidence.
In this new era of on-chain finance, our company’s role becomes even more critical. As institutions and investors flock to the transparency and efficiency of blockchain, our platform stands as an indispensable resource, ensuring informed decision-making and fostering trust in the ecosystem.
Latest Developments: Unlocking even more alfa.
Leveraging the recent market shift and valuable feedback from our private beta testers, Alphanomics has evolved into a comprehensive on-chain terminal designed for those seeking a real-time DEX screener combined with in-depth on-chain data analysis.
Our latest enhancements focus on simplifying the discovery of on-chain alpha, ensuring users can find what truly matters.
Whether you want to know what’s trending,
Identify what top traders are buying,
Explore the hottest pools and projects,
or Track smart money movements, Alphanomics has you covered.
These features help users identify potential asymmetric opportunities, the core principle around which we have built our platform.
Our home command center, the Live DEX Master, has undergone a complete revamp. It now features trending tokens, smart money DEX flows, and top DEX volumes, allowing users to quickly glance and access essential discovery-leading on-chain data.
We’ve re-engineered our internal system for our ‘Smart Money’ database, which tracks the most profitable on-chain traders, to ensure it dynamically updates regularly, providing the freshest and most valuable insights.
Additionally, the live stream of all real-time on-chain DEX transactions remains available, enabling users to screen the most useful data instantly.
These improvements enhance the user experience, making it easier than ever to navigate the complex crypto landscape and uncover valuable insights. With Alphanomics, finding alpha with on-chain data is more intuitive and powerful than ever before.
We have made significant upgrades to our coveted Token Genius interface. By monitoring user interactions with heat maps and incorporating valuable feedback, we have refined the interface to highlight all essential data points.
The interface now features our proprietary NOMICS score, which integrates Go Plus auditing and several internal data points to provide a unique safety and relevance score for each token.
In addition, we have also integrated with Defi’s powerhouse, Kyber Networks: KyberSwap within Token Genius, so users can easily & seamlessly perform swaps through their aggregator.
One of our user favorite modules: On-chain AI has also had new enhancements, further improving our insights by leveraging AI to contextualize market conditions and behaviors alongside anomaly on-chain data transactions.
Our upgraded system now detects and segments unusual inflows or outflows, deposits into exchanges, and high buying or selling pressure. This tool, available to Pro users, leverages AI technology and processes hundreds of millions of on-chain transactions to provide advanced hyper-efficient signals and summaries.
Narrative Pulse is our newest addition, offering a powerful discovery tool to identify new market trends and highlight the strongest sectors. This feature integrates with our NOMICS score and provides quick links to Token Genius and Watchlist, enhancing the discovery experience by helping users identify and track performing narratives and sectors in the current market environment.
Lastly, we introduced Alphanomics Research: The Alpha Brief, our in-house newsletter released 2–3 times a week. The newsletter offers regular roundups of fresh on-chain alpha insights, fundamental research on chain-integrated projects, and detailed smart money on-chain analysis.
If you would like to be in the loop with crypto alpha driven by smart on-chain data, feel free to subscribe here: https://alphanomicsresearch.substack.com/
These latest developments at Alphanomics are all designed to provide our users with comprehensive, real-time insights and tools to navigate the complex crypto landscape and uncover valuable opportunities with ease.
So what’s next?
Our mission remains steadfast: to make on-chain data easy, digestible, and engaging, helping everyone find their own edge. We have a lot of exciting developments on the horizon, including expanded coverage of new chains, faster and richer data, and more discovery avenues.
This quarter, our focus is on expanding distribution, driving growth, and forging strategic partnerships to help Alphanomics reach its full potential and connect with every crypto user during this pivotal phase of the asset cycle.
Alphanomics is proud to be part of the prestigious Dubai AI Campus, the largest and most innovative ecosystem of AI companies in the MEASA region. The first phase of the campus was inaugurated by His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai, and Chairman of the Higher Committee for Future Technology and Digital Economy.
Located at DIFC, one of the world’s most esteemed financial centers, the campus provides an ideal environment for cutting-edge advancements in AI.
We’ve made significant progress by successfully integrating with and partnering with GoPlus Security, KyberSwap, and TradingView, all of whom share our vision for advancing data-driven innovation.
In addition, we are pleased to announce that Alphanomics has joined Microsoft Founders Hub, Google Startups Cloud, and Amazon AWS Startups, which are providing us with technical support, network collaborations, and grants. These partnerships will play a crucial role in elevating Alphanomics as we pioneer new frontiers in Web3 data.
We’re always looking to forge new alliances that align with our vision. If you have any collaborative ideas or suggestions, I’d love to hear from you—please feel free to reach out directly at tony@alphanomics.io.
The potential of on-chain data is still largely untapped, and we’re eager to explore synergistic partnerships to unlock new possibilities.
Let’s shape the future of on-chain data together.