I've seen a lot of complaints on the TL about how Web3 is getting hard. Well, brace up because maintaining profitability in this space is only going to get harder! Ultimately, the future will belong to those who know how to source data and capitalize on it. Here's what I mean 👇🏽
With the pace DeFi is evolving, speed and positioning have become very important. This means you need to be able to see what's about to happen before 90% of other market participants. How to do this? Learn how to read and interpret data.
But there's a problem: SQL analysis is not easy. This means most people have to rely on dashboards that others create on platforms like Dune, TokenTerminal, Alphanomics, and so on already present you with ready-made dashboards. And even if you know how to write SQL queries, it still takes a lot of time to run a comprehensive analysis.
But everybody is forgetting something: We're literally in the middle of the biggest AI boom ever! People already use AI for different use cases like image, video, and even music generation. So why should data analysis be any different?
Here's where things get interesting. I did some digging and found that there are actually several AI-powered data analytics tools you can use to optimize your research process. An example? @flipsidecrypto.
Flipside is not a new data analytics tool. Most of you have heard of it (or even used it already), But what you may not know is that Flipside has just evolved into something crazy!
Flipside has integrated a new high-level data analytics AI into its framework. This means ANYBODY can literally run in-depth ecosystem or blockchain analytics and get detailed results without writing a single SQL query.
All you have to do is tell the AI what you want to see, and it'll immediately swing into action. The only question is: How well can you prompt? I told you to learn prompting months ago. You're going to wish you took me seriously now.
Here's a quick walkthrough of how to use the tool. • Go to @flipsidecrypto and click the link in the bio to launch the website. • Create an account and log in. • After this, click on Flipside AI to get started.
Now, assuming I want to build a dashboard to see where liquidity has been accumulating over the past 7 days in DeFi, I'll use this prompt: "Show me where liquidity has been accumulating over the past 7 days in DeFi and why. I want it to be very detailed because I also want actionable insights from it."
As you can see, the results I get are extensively detailed, and there are even suggestions for actionable insights. But I want it in a dashboard format, so I simply ask the AI to present it as such for me. And voila
The crazy thing about this is you can literally ask for data on anything! • Most profitable memecoin traders on Solana over the past 7 days (excluding high-frequency trading) • Key drivers of liquidity accumulation on Ethereum • What protocols have had significant fundraising activity in the past week or month ANYTHING!
Because here's the thing: The AI isn't limited to blockchain searches alone. It is also capable of searching for real-time information from the web and integrating it into its workflow. For example, a search of what protocols on Avalanche have raised money in the past 2 weeks looks like this:
With this update, you literally have zero excuses to not be able to hunt for alpha yourself. The FlipsideAI tool is currently free but I don't expect it'll remain that way for long.
Flipside has simplified access to quality data. Whatever you do with that information is entirely up to you.
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