On-chain Data Monitoring Tool in the Hyperliquid Ecosystem

In the blockchain world, new ecosystems are constantly emerging. Among them, a high-performance on-chain trading platform has attracted the attention of many users due to its unique auction mechanism. In this ecosystem, a Layer 1 block explorer provides users with comprehensive, first-hand on-chain data, making it an important tool for capturing the movements of market giants.

Project Introduction

This blockchain explorer is specifically designed for the ecosystem. Users can view all on-chain data on the platform in real-time, including Dutch auctions, TWAP orders, token deployments, and the flow of funds between addresses. With this tool, you can obtain more intuitive and comprehensive information than the official resource explorer, allowing you to better grasp market trends and hot data.

In addition, this browser also supports withdrawal transactions, has added an Arbitrum withdrawal path, and plans to introduce several features in the future such as open limit orders, real-time token pages, and more, to provide users with a more comprehensive on-chain monitoring experience.

Hot Events: Whale Movements Attract Attention

Recently, a major news story has sparked widespread discussion in the crypto community. A whale known for opening positions with 50x leverage made a profit of 6.83 million USD within just 24 hours by going long on BTC and ETH using 50x leverage on the platform, earning the title "human printing machine". Yesterday, before the opening of the US stock market, they opened a BTC short position worth 13.45 million USD, and as of the time of writing, the profit remains unknown.

Information sources like this show that the movement of large funds by whales not only reflects the judgment of institutional players on market trends but also provides ordinary users with a signal to capture market opportunities. With this tool, users can track abnormal trading behaviors similar to those of whales in real-time and combine them with market information, allowing for more precise investment decisions.

How to Use This Tool to Track Whale Movements

For many ordinary investors, capturing the movements of whales in the rapidly changing market is an important step to improve the success rate of investments. Here are a few simple and practical methods:

1. Visit the Official Website: After opening the official website, you will enter an intuitive dashboard page where you can see all real-time data on-chain.

2. Utilize the search function: Enter the transaction hash, token address, or wallet address on the homepage to filter out large transaction records. Through this data, you can identify which addresses frequently have large amounts of funds flowing in and out, thus determining which might belong to "whales".

3. Pay Attention to Whale Trading Behavior: In the "Trading" tab, carefully observe auction transactions, TWAP orders, and fund transfer situations. When encountering large USDC deposits or other obvious abnormal transactions, you can monitor the subsequent movements of that address and record them.

4. Small Amount Copy Trading: When you confirm that a certain whale address is actively accumulating positions or participating in auctions, you may consider following their purchases on the platform. It is recommended to start with a small amount to test the waters and validate the strategy's effectiveness before gradually increasing your position to mitigate market volatility risks.

5. Regular Monitoring and Risk Management: It is important to emphasize that on-chain tracking is not a universal solution; whale accounts can also incur losses. Utilize real-time data updates to regularly review and analyze whale trading records. Remember, while following trades can capture market opportunities, risk management is equally important. Do not blindly follow trends; it is advisable to make reasonable judgments based on your own risk tolerance.

Conclusion

In the crypto market, information is often the key to success or failure. This on-chain data monitoring tool provides users with a powerful weapon to track the movements of whales. When the granularity of on-chain data is refined to the millisecond level, every investor stands on a new starting line. Whether you are a novice just starting out or an experienced market player, you can use this tool to gain insights into on-chain dynamics, follow the operations of whales, and seize market opportunities. Of course, while following the operations of whales, it is still crucial to maintain rational investment and focus on risk management.

With this tool, you can not only see each large on-chain transaction more clearly, but also gain investment inspiration from it, taking the first step towards becoming a professional investor. I hope this article helps you better understand this tool and use it to find your own investment opportunities within the ecosystem! Trading involves risks, and investment should be cautious!