Analyze Blockchain & DeFi Market Data with ChatGPT
Use ChatGPT to Make Sense of Complex On-Chain Metrics
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Blockchain technology is a difficult area to do your analysis and get insights unless you are an expert in the field. But now we can use ChatGPT to do the expert analysis for us, using the DeFiLlama Plugin and prompting it the right way. All the prompts are shared in this post.
Today you will learn about
Make some basic analyses and get insights on any blockchain projects.
Find the best projects based on TVL for the day.
Identify high-yield projects at the earliest.
Develop a fine-tuned method to find the next x100 project.
DeFiLlama is the go-to DeFi (Decentralized Finance) data aggregator. With the DeFiLlama ChatGPT plugin, you can easily access up-to-date and historical data related to blockchains, DeFi applications, and bridges.
Using ChatGPT Plus and enabling the DeFiLlama plugin we can basically simplify many tasks like
Analysing Bridge Flows
Learning About Unknown Protocols
Identifying High Yields
Let’s take a look at how to do each one of them.
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Bridge Flow analysis
A bridge flow in crypto allows users to transfer digital assets between different blockchain networks, so analyzing them will help us understand where the main attention at right now.
To analyze you can start by prompting
What chain had the most bridge flows today?
You can also ask
What protocols received the most TVL today on ETH?
TVL - Total Value Locked
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Learn about Unknown Protocols
To learn more about unknown protocols, you can prompt the following
Tell me more about [Protocol Name]
Let’s use Lybra as an example here.
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Identifying High Yields
Identifying the blockchain projects with high yields at the earliest will always keep you ahead if done properly and this was only possible through too much research and analysis but now we can prompt ChatGPT to do it for us.
Find the highest stable coin yield on a [specific chain]
Let’s take Arbitrum as an example
Method To Find The Next Best Blockchain Project
The method actually revolves around 3 simple steps:
Look for the blockchain that attracted the most liquidity in the past few days
Within that blockchain, find the project that captured a large portion of that liquidity
Analyze the specificities of that particular project
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