Tappy 02 by TapTools

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Tap In With TapTools

15 min readAug 27, 2024

8/27/2024

TapTools Pro Subscription: Tappy 02 provides access to TapTools Pro for 365 days. The subscription starts on August 30th, 2024, and runs until August 30th, 2025.

Mint Date: August 30th, 2024

Mint Time: 19:00 UTC / 3:00 PM EST / 1:00 PM MST / 12:00 AM PST / 8:00 PM London / 9:00 PM Berlin / 4:00 AM Tokyo.

The WL Mint will run for 20 minutes and will be followed by a public sale until the collection has minted out. Each address that has been whitelisted can mint 5 NFTs during the WL Mint.

Price: 420 ₳

Where: The Tappy 2 mint is being facilitated by our partner NMKR — We will provide an official link to mint in the announcements channel of our discord.

Why Tappy 02?: Single Tappy 01 NFTs are expiring and will only provide access to TapTools Pro by holding 5 NFTs to activate Lifetime TapTools Pro. This limits the original collection to a maximum of 1,111 holders. The Tappy 02 NFT is the next subscription NFT so ecosystem participants can continue to enjoy TapTools Pro.

Tappy 02 Utility

Tappy 2 will grant holders 365 days of access to TapTools Pro. This includes current and future Pro features that will be added to the Pro tool lineup. The collection will feature 40 NFTs with Snek traits to celebrate our partnership with snek.fun, a fair token launch platform on Cardano. By holding a Tappy 02 NFT with Snek traits, users may receive an additional unannounced utility while using the snek.fun launchpad integration on TapTools. There may be further trait or rarity based utility in the future however this has not yet been announced.

What is TapTools Pro?

TapTools Pro is our premium suite of dashboards and tools that help sophisticated traders make more informed decisions. Looking at the price chart is a great place to start, but there is a lot more information out there that can be aggregated and presented to give you a better picture.

We’ll now delve into the current TapTools Pro features.

Wallet Profiler Pro

Wallet Profiler Overview provides a summary of a wallet’s holdings, volume, and overall activity. It displays the total market value and liquid value, representing assets that can be instantly converted into ADA. The tool also breaks down current holdings, including tokens, NFTs, and liquidity provider positions, and analyzes activity patterns, highlighting transaction activity and periods of activity.

Portfolio

The Wallet Profiler Portfolio page provides an overview of the portfolio’s value in ADA, a chart of its value over time, assets held, and portfolio stats such as Net Worth in ADA and USD.

You can break down a wallet’s portfolio to view its holdings, tokens, NFTs, LP positions, debt, loans, and trade history, including tokens, NFTs, and LP positions.

Associated Wallets are additional wallets linked to a user’s main wallet. This feature enables users to track asset movements across multiple wallets, offering greater visibility into a trader’s overall investment activity.

This is particularly useful for identifying the origin or destination of a wallet’s funds, as it’s common for users to create new wallets and shuffle assets for various reasons.

Trade History allows you to view any wallet’s profit/loss summary in aggregate and by token, as well as view individual trades to see each move they’re making. This helps you determine profitable vs. unprofitable traders and subsequently see the individual trades the wallet has made.

The above wallet has shown impressive trading success, reflected in a realized profit of 477,817 ₳ and an unrealized profit of 132,425 ₳. The win/loss ratio stands at 15 to 33, with the wallet gaining 724,664 ₳ from winning trades while losing 246,847 ₳. Despite a higher number of trades that resulted in losses, the gains from profitable trades far outweighed them in terms of ADA.

The Mint History feature provides a comprehensive view of every mint a wallet has participated in, along with details on how many NFTs were bought or sold on secondary markets.

The above wallet is the leading wallet on jpg.store in terms of XP earned, so we examined it further in Wallet Profiler to view its extensive NFT minting and trading history.

Ownership History provides insights into how a wallet interacts with a particular token, including accumulation and distribution strategies, and identifies the wallets they’ve received tokens from and sent them to. This offers a clear view of the wallet’s approach to the token, whether they are farming, swing trading, accumulating, or receiving vested tokens.

The tool also highlights the top depositors and recipients, allowing you to see who is sending tokens to this wallet and who is receiving the most from it. For more in-depth insights, the data can be further examined by individual transfers, including trade history, staking, and mints, which are particularly relevant for synthetic assets.

This tool is essential for determining the type of actor a wallet is in relation to a specific token, such as a team member, private investor, farmer, or trader, and for analyzing their behavior as the token price fluctuates.

Money Flow

Money Flow visualizes the movement of funds, showing where money is coming from and going to. It allows you to break down the flow by wallet value, asset, liquidity pool, and staking.

In the screenshot above, the market experienced a net outflow of ~10.01M ADA over the last 7 days, indicating that wallets have been selling assets, with sell volume exceeding buy volume by ~10.01M ADA.

You can further analyze this by wallet class, revealing that orcas, sharks, and swordfish are buying both tokens, while smaller wallets are selling. In the NFT market, fish-sized wallets are also buying alongside the larger wallet classes.

After identifying which wallet values are buying or selling, you can explore the specific assets being traded in the charts below:

Each chart can be filtered by wallet value and timeframe, allowing you to see what shrimp are selling and what whales are buying during any period.

Distribution Pro

Distribution Pro lets you view token distribution, top balances, and holder details. It also allows you to track wallet groups, holder duration, and unique address growth. We’ll now examine the various sections of the tool.

Top Balances displays which wallets control a majority of a token’s holding, understand the percentage of the total supply they possess, track their transaction history, and view the total tokens they’ve received.

Holders Distribution displays the number of wallets grouped by their token holdings.

The Token Seniority Distribution chart provides a depiction of the duration for which holders have retained their tokens, detailing both the number of addresses and the cumulative amount of tokens held within each timeframe.

The Unique Addresses tool tracks the growth of a token’s holders over time, allowing you to see whether the number of holders is increasing or declining. This provides valuable insight into the interest levels surrounding the token, helping you gauge market sentiment and potential demand.

Volume Profiler Pro

The Volume Profiler provides traders with in-depth analysis of a token’s trading volume, transaction trends, buy vs. sell activity, and wallet distribution. These robust tools empower traders to make informed decisions, confidently navigate the market, and capitalize on opportunities at the right time

The Volume by Wallet Value feature breaks down token transactions by wallet size, allowing you to effortlessly monitor which wallet sizes are actively buying or selling your preferred token. This insight helps you stay informed about the market dynamics and make strategic decisions with confidence. This can spot potential opportunities where whales have not entered sizeable positions on a token yet.

The Weekly Trades per DEX feature pinpoints where the trading volume for a specific token is concentrated, enabling you to easily identify the most active decentralized exchanges for that token. This insight helps you focus your trading strategy on the DEXs with the highest volume.

The Top Traders feature showcases the most active wallets for a specific token, detailing their total trading volume, sales, purchases, net volume, average buy/sell prices, and the remaining balance they hold. This comprehensive overview provides valuable insights into the strategies of top traders, helping you refine your own trading decisions.

The Trade History feature in Volume Profiler consolidates all trades across every DEX, offering a unified and convenient view of all transactions in one place. Users can easily filter this data by specific DEX and different time frames, enabling a more tailored analysis that fits their trading strategies.

Liquidity Pro

The Liquidity Pro dashboard offers a clear view of available liquidity across all major AMM DEXs. You can easily see how liquidity is distributed across different platforms, along with a trend graph that tracks liquidity changes over time for a specific token. This feature is key to understanding how liquidity is shifting and which DEX has the most market depth for a particular token.

With the Top Balances view, you can quickly see the largest liquidity providers or farmers for a specific token or DEX. This insight helps you determine whether liquidity is concentrated in a few wallets, which could be risky, or spread across many wallets, which typically carries less risk.

The Liquidity Netflow by Address feature allows you to track the largest liquidity movements by wallets over a given timeframe, in addition to viewing the top current liquidity providers. This capability helps you identify key players who are either adding more liquidity for farming or removing it to allocate their capital elsewhere. Monitoring these shifts enhances your ability to navigate the market effectively, adjust your token or LP strategy, and capitalize on potential opportunities.

Lastly, you can view Individual LP Transactions with greater detail, including the time of transaction, token price, amount of the token, amount of ADA, and the type of LP action.

Staking Pro

The Staking Pro feature offers precise insights into the portion of a token’s supply that is locked in staking, whether for yield or governance. By understanding how much of a token is staked, you can better assess the actual circulating supply available for trading. In the example above, Staking Pro data shows that despite a decline in staked LQ earlier this summer, the amount has since stabilized, providing a clearer view of market liquidity and potential selling pressure.

The Staking Netflows tool lets you track daily staking inflows and outflows by address, accompanied by a table of top stakers. This dashboard is crucial for assessing supply dynamics and identifying potential token movements before they hit a DEX, giving you an edge in market analysis. The Transactions feature offers deeper insight into individual staking transactions, providing a more detailed view of staking activity.

The Individual Transfers tool allows you to delve deeper into the data by viewing large individual transactions, enabling you to potentially spot significant token movements before they reach a DEX. As shown in the above image, many of the largest positive netflow addresses are Decentralized Exchanges (DEXs), providing further insight into how tokens are moving within the market.

Pro Dashboard

The Pro Dashboard offers a comprehensive overview of the most traded tokens, NFTs, policy mints, LP activity, and smart contract usage within the Cardano ecosystem. This powerful tool provides key insights through features like Top Tokens, Top NFT Projects, Top Movers, Hot Contracts/Scripts, Policies Minting, and Top LP Flows. These features are essential for traders to spot market trends, identify potential opportunities, and make informed decisions based on real-time data and activity across the ecosystem’s most active and popular assets.

The Pro Dashboard equips you with the ability to track Top Token Transfers, Top Token Trades, and Top NFT Trades, making it easier to follow large transactions and identify significant market movements. This allows you to monitor the activities of major players and anticipate potential shifts in market trends. The Dominance Chart provides insights into token and NFT dominance, along with trading volume, helping you understand which assets are leading the market and how trading activity is distributed. It visualizes market share, offering a clear picture of where the most significant activity is occurring. By delivering all this information at a glance, the Pro Dashboard saves you valuable time and puts critical data at your fingertips, empowering you to make informed trading decisions with confidence.

The Pro Dashboard also features a news section where “The Tap in with TapTools” articles are posted. These articles cover crucial news, protocol launches, Cardano technical developments, and other key updates. Staying informed through this section is essential for making timely decisions, keeping track of critical changes, and staying on top of developments that can directly impact your investments and strategies.

Transfers Pro

The Transfers Pro tool lets you monitor non-DEX transactions with precision. The Transfers dashboard enables you to track and analyze transfer activity over time, helping you identify trends and patterns, such as team vesting on the 1st of the month. Additionally, it breaks down activity by wallet, allowing you to see the top receivers and senders within a specific timeframe.

Wallet Watchlist

The Wallet Watchlist Pro tool allows you to track and manage multiple wallets of interest. Keep an eye on the most active traders, whales, and other degens in the ecosystem in one easily accessible place.

Hot Wallets

The Hot Wallets tool lets you track the most active traders in our ecosystem.

Top Volume Traded allows you to view the most active traders by volume across multiple timeframes, along with what tokens they are trading the most. This view can help identify the wallets making the largest movements within the market over a given timeframe.

Total ADA also known as the “Cardano Ecosystem Rich List” allows you to view the wallets with the largest net worth (including ADA, token, NFT, and LP holdings). This page shows the wallet’s largest holdings and can help identify players that can make the largest market movements.

Token Transactions in Hot Wallets allows you to see recent large transactions that have occurred on Decentralized Exchanges. It also provides you with the wallet’s current token balance, so you can identify if they have sold all of their holdings or are adding to an existing position.

Profit Leaderboard

Profit Leaderboard lets you track the most profitable traders in the Cardano ecosystem. Monitor a token’s aggregate realized and unrealized profit/loss, and see the percentage of holders in profit or at a loss.

View wallets ranked by total, unrealized, or realized profits. The leaderboard offers detailed insights into current holdings, ROI, average buy and sell amounts, and both realized and unrealized gains.

Portfolio Pro

The first feature we’ve added to Portfolio Pro is Profit/Loss Pro. On the token side, this tool provides a comprehensive overview of realized profit, unrealized profit, total profit, income, and ROI% for your portfolio or any other wallet. It also displays key information such as current holdings, buy amounts, average buy price, sell amounts, and average sale price. You can quickly assess a wallet’s profitability at a glance near the top of the tool, where you’ll find income, realized profit, unrealized profit, and win/loss ratio.

On the NFT side, Profit/Loss Pro allows you to view a wallet’s current NFT holdings, the number of mints for a collection, buys, average buy price, sells, average sale price, and mint sales. Additionally, it details the trader’s income, realized profit, unrealized profit, and win/loss ratio, enabling you to quickly gauge the wallet’s NFT trading performance at a glance.

What is TapTools Doing for Non-Pro Users?

In our ongoing commitment to accessibility and support for the Cardano community, we’re excited to share that we’ve expanded our free offerings to include even more powerful tools. In addition to our previous free features, such as Token and NFT charting, live listings, and extensive portfolio tracking, we’ve now added Global Trades, the Markets Dashboard, Recently Updated Tokens, and debt and loan positions in your portfolio.

These additions reflect our dedication to ensuring that every user, whether pro or non-pro, has access to essential tools for navigating the Cardano ecosystem. By providing these resources at no cost, we empower community members to track their tokens, NFTs, liquidity pool (LP) investments, and farming data with ease. Our goal is to enhance the accessibility of Cardano, giving users comprehensive visibility and control over their assets, and enabling informed decision-making as active participants in the network.

We continue to work towards our goal of growing Cardano and are committed to building and releasing many more tools, just as we have over the past years. We love the Cardano Community, and our ultimate goal remains the same: to help strengthen and expand Cardano for everyone.

You can visit the Tappy 02 landing page at the following link: https://www.taptools.io/pro

This article is strictly for informational purposes and does not constitute a promotion or financial advice. Our aim is solely to provide users with the latest news and updates within the Cardano ecosystem.

We hope this helped you get caught up with the most recent crypto news. If you enjoyed the read make sure to follow TapTools on X and join our Discord.