# The right DeFi tools By [andywan](https://paragraph.com/@andywan) · 2022-02-07 --- [https://twitter.com/thedefiedge/status/1489003195179413505](https://twitter.com/thedefiedge/status/1489003195179413505) The right DeFi tools can help you find alpha and save you hours each week. Here's a collection of the best FREE tools in DeFi: (Some of which you've never heard of before) /1 Track Your Portfolio Automatically Easily track your portfolio by connecting your wallet and adding addresses. My personal favorite is [@zapper\_fi](https://twitter.com/zapper_fi) Other great ones: [@debankdefi](https://twitter.com/DeBankDeFi) [@zerion\_io](https://twitter.com/zerion_io) [@ape\_board](https://twitter.com/ape_board) ![](https://storage.googleapis.com/papyrus_images/3e59919e3d2b5f7d47d92c0d50eb0a1a75522c4a14465d3d1ff08c3494f4d228.jpg) /2 Monitor Whale Wallets [@debankdefi](https://twitter.com/DeBankDeFi) has a ranking of different top wallets. I monitor Whale wallets to see what they're investing in. Create your own with a spreadsheet. • Find your favorite protocols. • See what the top wallets are. • Reverse engineer. • Profit ![](https://storage.googleapis.com/papyrus_images/3c7fbc643033e841ed774577c3638fafc3cb4d51e48044f32015876f8417e855.jpg) /3 Visualize the biggest winners and losers I like to watch which coins are the biggest gainers and losers on a weekly basis. I'm a visual learner. [@Coinparticle](https://twitter.com/Coinparticle) illustrates this data better than the typical +12%. And it helps me to see how it stacks relative to other coins. ![](https://storage.googleapis.com/papyrus_images/471383d65b96d5f9577201108edc4ff5c5371961aabcde103cdfab8b427dfd55.jpg) /4 Swapping Coins I usually go with the top DEX for each protocol. • [@traderjoe\_xyz](https://twitter.com/traderjoe_xyz) for AVAX • [@Spirit\_Swap](https://twitter.com/Spirit_Swap) for FTM • [@Pancakeswap](https://twitter.com/PancakeSwap) for BSC [@1inch](https://twitter.com/1inch) and [@sushiswap](https://twitter.com/SushiSwap) are great too for multi-chain ![](https://storage.googleapis.com/papyrus_images/78b962926789bd2b174ec349bcb4bc949cdce58d063e675f8c8db0d858c7f762.jpg) /5 Bridging to Different Protocols We're living in a multi-chain world. Bridges can help you move your tokens across different chains. • [@multichainorg](https://twitter.com/MultichainOrg) (Anyswap) • [@Synapseprotocol](https://twitter.com/SynapseProtocol) Also, some protocols have NATIVE bridges which might be cheaper. ![](https://storage.googleapis.com/papyrus_images/eb02e2bcdb42fffa89b6e2a1d6c543943b68859300167329a56b22b2aa370a0c.jpg) /6 See the Best Stablecoin Rates Yields on stable-coins go up and down all the time. [@0xCoindix](https://twitter.com/0xCoindix) is dashboard that monitors the best stable coin rates across different chains. ![](https://storage.googleapis.com/papyrus_images/475a9a918910ed47eda18d879f958f506709fe9592e0139936c9e657965f27be.jpg) /7 Real Time Action [@dexscreener](https://twitter.com/dexscreener) is the most underrated tool in DeFi • Watch transactions in Real Time • See Trends • Set price alerts They also have telegram alerts for trends. ![](https://storage.googleapis.com/papyrus_images/d59ca1d6974a912530926f11ce0f8f3a0e5dafcae9af91fd625800c93491904f.jpg) /8 Monitor TVL on Different Chains [@DeFillama](https://twitter.com/DefiLlama) If you're bullish on a Chain, this can help you monitor the up and coming dapps. The mcap / TVL ratio shows you which Chains are undervalued such as FTM. ![](https://storage.googleapis.com/papyrus_images/d6de68247c8551aeada33a277c5da7d17e151d59b9fc9eabd784d1fbda7f0ce4.jpg) /9 Monitor GameFi Stats GameFi has a ton of potential. I use [@dappradar](https://twitter.com/DappRadar) to monitor the TVL and # of users. It's an easy way for me to stay on top of what games are trending. ![](https://storage.googleapis.com/papyrus_images/bce9216e0063cd6c0429099bc9bf3292eae0f9f791b86c5a22d6e87b27d9008a.jpg) /10 Visualize data from the Blockchain /w [@Duneanalytics](https://twitter.com/DuneAnalytics) You could easily spend hours in the dashboards here each day. Go to Discover -> Rank Dashboards To see what's possible. ![](https://storage.googleapis.com/papyrus_images/7f5c80a9d9883167a62c1ecf53fef46c6b789992fd736a271152ad5054bcc9d1.jpg) /11 Protocol Safety Most of us don't have the ability to see how safe a protocol is. There are platforms out there dedicated to evaluating risks. [@DeFiSafety](https://twitter.com/DefiSafety) is my favorite. [@rugdocio](https://twitter.com/RugDocIO) is popular. Careful, they have "pay to play" to be featured. ![](https://storage.googleapis.com/papyrus_images/3a0a0b7f80c93cfd3482e29aa5d95c8af2035298f70c59aadb936e61f5c456e0.jpg) /12 Stay on Top of Exploits [@RektHQ](https://twitter.com/RektHQ) shares stories on how different platforms get exploited. It's a great way to keep up with all the creatives methods scammers are using. ![](https://storage.googleapis.com/papyrus_images/0ac66afedc00abd0dbfeb6a7e8c34f9cfa4addcc8bc15e6733f9857380237566.jpg) /13 Evaluate key metrics and revenue of different protocols. Think of it like reading the P/E and different metrics of TradFi companies. I recommend [@TokenTerminal](https://twitter.com/tokenterminal) ![](https://storage.googleapis.com/papyrus_images/8bf7103bfe3a52efd6d1a1839f048093fb38d8149d05bee0cb355868ca0a9e02.jpg) /14 Crypto Fundraising Want to know what the suits are investing in? Use [@dovemetrics](https://twitter.com/dovemetrics) to see where the fundraising's going. It's a great way to see what the trends are. ![](https://storage.googleapis.com/papyrus_images/cea3671eb70cde0d2c1ade50745cc5a8e5bb0cbd8f23f3a35a3e73916d0921d8.jpg) /15 Staying Anon on chain • [@BISQ\_network](https://twitter.com/bisq_network) * anon fiat onboarding for BTC • [@WasabiWallet](https://twitter.com/wasabiwallet) * Coin mixing for BTC • [@TornadoCash](https://twitter.com/TornadoCash) * Coin mixing for ETH. Tornado comes highly recommended by [@0xsifu](https://twitter.com/0xSifu) ![](https://storage.googleapis.com/papyrus_images/6c14da0a7b67975433d8c02f49c6f3a83379bd5e6598c82af29cf5d57787b82c.jpg) /16 Privacy Some tools to help you maintain your privacy. @Mullvladnet - Privacy focused VPN [@ProtonMail](https://twitter.com/ProtonMail) * Privacy focused email [@simple\_login](https://twitter.com/simple_login) * Email Aliases [@Bitwarden](https://twitter.com/Bitwarden) * Open source password manager [@brave](https://twitter.com/brave) * Privacy browser /17 Staying on top of News There are plenty of media outlets covering Crypto. The best imo: [@decryptmedia](https://twitter.com/decryptmedia) [@theblock\_](https://twitter.com/theblock_) [@Blockworks\_](https://twitter.com/Blockworks_) And finally, don't feel like you have to use every tool. "Absorb what is useful, discard what is useless and add what is specifically your own" - Bruce Lee --- *Originally published on [andywan](https://paragraph.com/@andywan/the-right-defi-tools)*