Reading blockchain data is quite unlike reading Agatha Christie. It’s hardly a pleasure (unless you’re triggered by a recent pump) and a mind-bender for those who’ve only recently learned to tell apart between Bitcoin and altcoins. But, hey, what do we have apps for.
Over the years, the blockchain ecosystem has become overgrown with countless tools that handle nearly all imaginable tasks. This bottomless repository includes wallet trackers and portfolio analyzers, which provide real-time holdings and performance data and help investors stay on top of things.
If you’re looking to bring order to your investments or get a glimpse of other investors’ moves, read on.
What is a wallet tracker in crypto?
Wallet trackers are software tools intended to help investors monitor and manage their crypto holdings across wallets and exchanges. They provide a centralized view of digital assets, allowing for real-time tracking of portfolio performance, transaction history, and market data.
Wallet trackers make it much easier to access and analyze blockchain data than “raw” blockchain explorers, which can be quite cumbersome for those lacking technical expertise. In addition to user-friendliness, they offer more features, including portfolio management tools, swapping functionality, transaction notifications, social insights, and even price predictions.
Moreover, trackers not only assist users in analyzing their own investments but also enable them to follow the activities of other investors, including prominent figures in the crypto space. In other words, with wallet trackers, you can spy on other users for investment inspiration or other reasons.
Clarifying the lingo: is a wallet tracker the same as a portfolio tracker and portfolio analyzer?
The crypto space teems with jargon words and otherwordly concepts, making it difficult for beginners to distinguish between terms, especially when marketing lingo adds to the confusion. When researching wallet tracking, you may bump into alternative phrases, like portfolio tracker, wallet analysis, or portfolio analyzer.
Basically, they are what they mean and refer to specific functions available within various apps. Some of these programs are crypto wallets with advanced features, others are crypto analysis websites with wallet tracking capabilities, while some are apps designed specifically for wallet tracking.
Here’s a brief overview of the key concepts in this area.
Wallet tracker
A wallet tracker is an app or a feature within a larger system dedicated to – as explained above – monitoring the balances and transactions of cryptocurrency wallets, providing real-time updates on asset holdings and transaction history.
Portfolio tracker
A portfolio tracker consolidates data from multiple wallets and exchanges, giving you a comprehensive view of your entire cryptocurrency holdings. Most tools labeled as wallet trackers enable portfolio tracking. Not all though. For example, DexCheck offers a feature called wallet analyzer, which allows you to visualize data for a specific wallet address rather than combine it from multiple wallets.
Portfolio analyzer
A portfolio analyzer focuses on providing analytics for a whole portfolio rather than a single wallet. It may include features for evaluating investment strategies and performance over time. There’s a significant overlap between portfolio analyzers and wallet/portfolio trackers since many of the latter also provide analytical features.
How does a wallet tracker work?
To start using a portfolio tracker, you first need to connect it to your cryptocurrency wallets, whether non-custodial (e.g. Metamask, Phantom, etc.) or custodial (exchange-based, like on Binance, Coinbase, etc.), using either public wallet addresses or API keys. Once connected, the tracker starts aggregating data from your wallets.
Crypto trackers continuously monitor the market value of each cryptocurrency in your portfolio, updating prices in real-time, and allowing you to see the overall value of your crypto at any moment. You can also view detailed transaction history for each monitored wallet, so you can track incoming and outgoing transactions, fees, etc.
Wallet trackers also let you set up price alerts and notifications for significant (or minor, depending on your strategy) price changes, wallet activity, or specific market conditions, allowing you to make timely decisions without being glued to the charts.
Analytics and insights are other handy features of portfolio trackers. Many tracking apps provide in-depth reports on portfolio performance and transaction history. With user-friendly charts and metrics that track profit & loss (PnL) trends, you can easily assess the effectiveness of your investments and keep track of your crypto activity.
How to connect a wallet to a portfolio tracker?
The specifics of connecting your crypto wallet(s) to a wallet tracker may differ depending on a particular app. In general, though, there are two basic approaches.
One involves connecting through public wallet addresses: you simply paste the public wallet address into the tracker. This allows the tool to pull information about the balance and transaction history for that specific wallet. Important to note: the tracker doesn’t access your private keys.
For exchanges or wallets with API integrations, the tracker can use API keys to sync with your account’s transaction data. API keys allow the tracker to monitor balances and transactions automatically. Like in the previous approach – you don’t need to worry about your private keys.
A more detailed scheme of connecting crypto wallets to a wallet tracker involves the following steps.
1. Choose a wallet tracker: select a reputable app that suits your needs (we’ll discuss popular options in a moment).
2. Create an account: if required, download the app or access the website of the wallet tracker and create an account with strong security measures (2FA recommended).
3. Connect your wallet: typically, you can do it by pasting your wallet address and clicking “Connect” in the relevant section or scanning a QR code associated with your wallet (a common option in mobile apps).
4. Configure your portfolio: after connecting your wallet, configure any additional settings like currency preferences, alerts for price changes, and notifications related to market updates.
5. Review your portfolio: once connected, review your portfolio to ensure all data is accurately synced.
6. Last but not least: always ensure you’re connecting only public wallet addresses and regularly update your wallet tracker app to implement new security patches and enjoy new features.
Now, let’s take a closer look at how the process looks in the example of the De.Fi wallet tracker
Go to the De.Fi website and click the white “Connect Wallet” button in the top-left corner. A drop-down menu will appear: click the blue “Connect Wallet” button.
A pop-up window will appear, prompting you to select the relevant network. Let’s assume you want to connect a non-custodial Ethereum wallet, such as MetaMask. Click on the first option labeled “EVM,” which displays the MetaMask logo.
Now, you’ll see a list of Ethereum (EVM) wallets. Choose the one you use, in this case, MetaMask.
The final step on the De.fi webpage is simply to click the “Open MetaMask” button, which will teleport you to your MetaMask wallet where you complete the procedure.
Before you click on the “Connect” button in your wallet app, consider editing your accounts and networks to include the ones you want or tick off those you want to exclude from tracking.
Best wallet trackers and portfolio analyzers
The industry offers plenty of tools for crypto analysis and management. They differ in many details, specific applications, and – quite often – performance. Here’s the list of several top-quality tools for tracking wallets and analyzing portfolios of crypto assets.
De.Fi
De.Fi, brought up above, is a decentralized finance (DeFi) platform that offers tools for managing, tracking, and interacting with cryptocurrency assets. It allows users to connect their cryptocurrency wallets, access decentralized exchanges (DEXs), and monitor their DeFi activities in one place.
Key capabilities of the De.Fi wallet tracker include the following:
– multi-chain asset tracking: with the De.Fi portfolio tracker, you can track your assets across multiple blockchain networks,
– real-time portfolio analysis: you can view real-time data on your portfolio’s performance, including current asset values, historical performance metrics, and yield opportunities,
– built-in DeFi tools: you can access various DeFi functions directly from your portfolio dashboard, such as swapping tokens, bridging assets between chains, and staking tokens without leaving the platform,
– automated updates: the platform automatically updates asset balances and positions directly from the blockchain, eliminating the need for manual entry.
De.Fi offers premium features with its DeFi Pro subscription. The platform’s premium plan provides a range of advanced tools, including De.Fi GPT, scanner PRO, advanced shield, priority live support, six-month transaction history, full swap history, and more with additional features coming soon.
Zerion
Zerion is a user-friendly, non-custodial crypto wallet that simplifies managing digital assets, DeFi investments, and NFTs. It provides a comprehensive dashboard, serving as a one-stop platform for users to track and analyze their portfolios, including both DeFi tokens and NFTs. Zerion supports over 13 major blockchains, allowing you to manage and navigate across different protocols.
Here are key Zerion’s wallet tracking features:
– multi-chain support: Zerion supports over 40 EVM networks, including Ethereum, Base, Polygon, and more,
– real-time updates: you get real-time info on token balances, prices, and portfolio performance,
– historical performance: Zerion provides historical charts and 24-hour profit & loss analysis, helping you keep track of your investment performance over time,
– transaction tracking: you can monitor incoming and outgoing transactions across all connected wallets.
Zerion also offers a premium plan dedicated to active Web3 users. However, the subscription covers comprehensive wallet features rather than just Zerion’s portfolio analyzer capacity.
CoinStats
Unlike Zerion, CoinStats is a comprehensive suite of tools for crypto management, with a primary focus on portfolio tracking. The app allows users to track and manage their assets across various exchanges and wallets. It offers several plans, beginning with a free basic one and progressing to a tailored team plan.
Here are main CoinStats features in bullet points:
– multi-exchange and multi-wallet support: the app supports over 300 platforms, including Binance, MetaMask, Phantom, Trust Wallet, and others,
– real-time data: like other trackers, CoinStats provides real-time updates on token prices, balances, and portfolio performance, giving you the most current information,
– DeFi integration: the app tracks and manages over 20,000 cryptocurrencies on over 1,000 DeFi protocols across 10+ chains, enabling comprehensive DeFi management,
– custom alerts: you can set custom crypto alerts to stay informed about price movements and other important events,
– historical performance: CoinStats provides historical charts and profit & loss summaries, helping you analyze your investment performance,
– AI-powered crypto price predictions: based on advanced AI models, the app predicts market trends and provides insights into potential price changes,
– crypto swaps: the app allows you to swap crypto for a fee.
As already said, CoinStats offers several plans. The basic and free one supports up to 10 portfolios and up to 20 000 transactions with a maximum of 40 daily sync count per portfolio. The premium plan (7-day free trial available) takes it up to 100 portfolios, 100,000 transactions, and 200 daily sync count per portfolio, adding plenty of additional features, like 0% swapping fees. The degen subscription gives you even more with 500 portfolios, 1 million transactions, and unlimited sync count. For more details, check the CoinStats website.
DexCheck
DexCheck.ai is another advanced blockchain analytics platform powered by AI. The app is designed to provide comprehensive insights into the DeFi ecosystem and it offers wallet analysis and tracking functionalities. However, unlike CoinStats, which helps you manage your assets more efficiently, DexCheck allows you to track crypto whales’ wallets. Still, it provides a wallet analyzer functionality, enabling you to quickly visualize profit and loss and trading history of a submitted wallet address.
Here are some of DexCheck’s key capabilities:
– multi-blockchain support: the platform supports over 30 DEXs across 26 chains, including Ethereum, Solana, BNB Chain, and more,
– AI-powered analytics: DexCheck leverages AI to offer deep insights into token analytics, whale tracking, and market trends,
– real-time market insights: the platform provides real-time updates on token prices, trading volumes, and market movements,
– crypto whales tracker: you can track whales and their transactions for inspiration or copy trading,
– profit and loss tracking: DexCheck’s address analyzer allows you to visualize the PnL (profit and loss) and trading history of your wallet addresses,
– intelligent alerts: with DexCheck, you can set up AI-powered alerts to keep track of important market events.
Like other wallet trackers and portfolio analyzers, DexCheck offers multiple plans. Going Expert allows you to enjoy all rookie features plus get full access to the crypto whales tracker and wallet analyzer, plus other options. You can unlock even more features with the Oracle plan.
Cielo
Cielo is an on-chain activity feed and wallet tracker for monitoring crypto activities and managing wallets. The platform self-describes as “an information layer for web3,” allowing users to “discover wallets and tokens and add them to a real-time feed of onchain activity.” You can filter transactions by type, size, and network and view them in the Cielo web app or in Discord or Telegram using a Cielo bot.
Cielo’s key features include the following:
– multi-chain support: the platform supports over 28 chains, including Ethereum, Solana, Sui, Tron, and Bitcoin,
– real-time updates: Cielo provides real-time updates on token prices, balances, and portfolio performance,
– wallet discovery: you can discover top traders and profitable wallets,
– unrealized PnL insights: Cielo offers insights into the unrealized profit and loss of tracked wallets,
– advanced alerts: users can set up alerts for major on-chain events and token trades,
– integration with Telegram and Discord: Cielo provides bots for receiving real-time alerts on these platforms,
– customizable feed: you can personalize your feed to focus on specific wallets, tokens, and transactions.
There’s much more. Available features differ depending on the subscription type. In addition to the basic option, Cielo offers Pro and Whale plans, which allow you to follow more wallets (classified by chains) and tokens, leverage more Telegram bots (up to 9) and Discord channels, gain access to insights, API, wallet profile exports, and more.
