30s Summary

Bubblemaps, a blockchain analytics app, is introducing new features to aid casual cryptocurrency users. The app uses AI to identify the major players, or “whales”, in the crypto market. It brings transparency to the crypto market by displaying token ownership patterns. This can shed light on potential issues such as manipulation. Bubblemaps’ update also includes features such as a “time machine” and “magic nodes”, allowing users to view token distribution at various stages and discover connections between blockchain addresses. The app now also supports cross-chain examination, enabling users to view asset ownership across multiple blockchains.

Full Article

Bubblemaps, a blockchain analytics, and visualization app, is getting a revamp to offer new features aimed at helping casual cryptocurrency users. The app lets you find out who the big players or “whales” are in the crypto world using artificial intelligence (AI).

Since its initial launch in 2021, Bubblemaps has made understanding the distribution of digital assets easier for blockchain users. It’s recently been updated to bring more transparency into the crypto market by showing token ownership patterns. These patterns can highlight potential issues like centralization or manipulation.

Bubblemaps CEO, Nicolas Vaiman, stated that on-chain data, which he describes as the lifeblood of the system, often goes unnoticed by a lot of crypto users. This is mainly because traditional tools used for this purpose can be complex and can feel overwhelming.

Bubblemaps often makes its research available online. For example, it used its platform to demonstrate that venture capital heavyweight Andreessen Horowitz (a16z) had a large amount of control over UNI, Uniswap’s governance token. A16z’s influence over UNI means it could significantly affect the development of the project.

Bubblemaps also uncovered that speculative tokens launched by influencers Andrew Tate and Iggy Azalea were more centrally controlled than they let on. It showed how creators of popular meme coins would distribute their ownership through different wallets to avoid claims of insider control.

In its latest version, Bubblemaps has new features. These include a “time machine” that lets users view how tokens were distributed at various stages. The updated app also uses AI to power its “magic nodes” feature, which finds connections between blockchain addresses. This feature was unable to detect these connections in Bubblemaps’ older versions.

Bubblemap V2 also supports cross-chain examination of asset supply across multiple blockchains. Keeping track of specific assets on one chain at a time used to be a limitation of Bubblemaps, but with the new update, you can overview the ownership of assets across many chains at the same time.

Bubblemaps CEO, Nicolas Vaiman mentioned that the current version of the tool aligns with their long term vision and not much expansion is expected beyond this. However, the company plans to extend its focus to include more blockchains. Currently, Bubblemaps V2 supports blockchains based on Ethereum’s Virtual Machine (EVM), with plans to support Solana soon as well as other chains in the future.