In this article we delve into the Birdeye platform: a tool that helps crypto trading enthusiasts research a wide range of on-chain data.
In particular, on Birdeye it is possible to find data related to market prices, volume, and depth of the less capitalized tokens, as well as social data and on-chain information.
The protocol also acts as an aggregator for cross-chain exchanges, relying on providers such as Mayan and Debridge. There is even a crypto airdrop at stake.
Let’s see all the details below.
Summary
Birdeye crypto: the ideal platform for analyzing trading data of less capitalized tokens
Birdeye is a platform founded in 2021 by Kha Nguyen, former head of product at Solscan, which acts as an data aggregator for the blockchains of Solana, Ethereum, Polygon, Arbitrum, Optimism, Avalanche and BNB Chain, simplifying research and analysis in the field of crypto trading.
Through this tool traders can take advantage of a complete suite of information extracted and analyzed thanks to a variety of machine learning techniques and artificial intelligence.
Highlighted on the homepage of Birdeye are data regarding trending tokens in the last 24 hours, the most profitable cryptographic addresses in the last 7 days, and a chart comparing the historical performance of native tokens and many other coins.
Similar to GeckoTerminal, this platform also features a search bar where you can search for cryptocurrencies, addresses, and reference markets for in-depth trading analysis.
Very interesting the “New Listings” function that allows you to discover the new tokens added to the liquidity pool in order to expose yourself as an early trader of a coin.
Often the opportunities to make a 100x return on your investment (maybe better to say gambling) are found in the least capitalized cryptos at the time of their listing on the market. At the same time, the risks multiply in this kind of activity: scams are unfortunately commonplace.
On Birdeye there is also a section called, “Find Gems“, which classifies all existing tokens based on customizable parameters such as the most visited tokens, the most traded ones, those with the highest volumes, etc.
When we carry out this kind of research, we need to pay attention to the TVL (intended as liquidity locked in pools) of the tokens: a low TVL, typically less than a million dollars, highlights a completely unknown coin.
Above one million, while still remaining in an extremely dangerous territory, we could find options that are less risky and at the same time less profitable. Also keep an eye on the TVL/marketcap ratio.
Other interesting features of the Birdeye trading data aggregator include the ability to place a limit order through the DEX Jupiter on the Solana blockchain, to set alerts, add crypto to the watchlist, and observe the leaderboard of top traders.
The “Coin360” function is also available, which completely replicates the same data visualization work as the “Crypto Bubbles” platform.
We can specifically monitor the top 100 tokens with the highest volume and price variation in the last 24 hours, across a large number of cryptographic networks.
Birdeye and Debridge: how to farm the crypto airdrop?
Birdeye’s integrated platform also includes a section dedicated to “cross-chain swaps” that significantly helps users move their assets from one chain to another, simplifying essential steps for optimal crypto trading.
To meet this need of the community, Birdeye relies on providers Mayan and Debridge to offer fast and cost-effective asset transfers.
Using this tool is very simple: just connect your web3 wallet, select the reference protocol, indicate the sender and recipient chains, and enter the token data that we want to exchange.
As mentioned in the introduction, using this Birdeye function could help us become eligible for the crypto airdrop of the two platforms Debridge and Mayan.
The first one has already announced the start of an incentive campaign for points, which will last for another two months: to obtain rewards of the next governance token of the platform, it is sufficient to use the bridge as many times as possible, preferably spanning across multiple coins and chains, aiming to generate the highest score possible.
On Debridge it is advisable not to exchange more than 0.001 ETH per transfer if we are operating exclusively for the purpose of the airdrop, as it is the most effective method to spend less in terms of slippage and earn the highest base score.
Attention because each transaction has a base fee of 4.2 dollars: the airdrop should still cover at least the expenses.
For Mayan the speech is more complex because at the moment no airdrop campaign has been announced even if using the protocol has served to be eligible for the Wormhole airdrop.
However, the platform does not yet have a governance token and after the recent $3 million funding co-led by 6MV and Borderless Capital and supported by VCs such as Solana Ventures, Arrington Capital, and Hash3.
To qualify for the potential airdrop, it is advisable to simply use the bridge as many times as possible in different months.
