What is Bubblemaps?
Bubblemaps is a token supply auditing platform that allows users to visualize complex on-chain data. Users can analyze the token supply, wallet holdings, and crypto investor behavior on Bubblemaps.
Bubblemaps’ mission is to enable anyone to leverage blockchain data for market insights when studying Decentralized Finance (DeFi), Non-Fungible Token (NFT), meme coins, and other crypto tokens. The platform collates on-chain data and represents them as interactive visuals that are easy to understand.
Key Takeaways
- Bubblemaps is a Paris-based crypto company founded in 2022 by Nicolas Vaiman.
- The platform enables users to understand complex on-chain data.
- In September 2023, Bubblemaps raised $3.2 million in a seed funding round led by INCE Capital.
- Bubblemaps has a utility token called Moonlight that is used to pay for premium membership.
- Spot On Chain, Nansen, and DEX Screener are alternatives to Bubblemaps.
Bubblemaps Origins
Bubblemaps is a Paris-based crypto company that was founded in 2022 by Nicolas Vaiman.
In September 2023, Bubblemaps raised $3.2 million in seed funding. Venture capital firm INCE Capital led the funding round, while other investors including Stake Capital, Momentum 6, Lbank, and V3ntures participated.
As of August 2024, Bubblemaps has grown to a company with 22 employees, LinkedIn data showed.
Founder Vaiman’s LinkedIn profile showed that he co-founded a crypto investment solution company called Cryptonavia in 2019. Vaiman worked as a consultant at business solutions company Ekimetrics between 2017 and 2019.
How Bubblemaps Works
Transparency is one of the biggest value propositions of blockchain technology. Transactions executed on crypto networks like Bitcoin (BTC) and Ethereum (ETH) can be tracked on blockchain explorer websites like Etherscan. These websites allow users to monitor transactions, wallet balances, token supply, whale concentration, and smart contract activities in real time.
However, crypto users have found ways to conceal their token balances by spreading their holdings across multiple wallets. Furthermore, blockchain explorer websites are complicated to use. A user who does not have technical knowledge about transaction hashes, smart contracts, and wallet addresses will find it difficult to understand and decipher the available on-chain data.
This is where crypto analytics platforms like Bubblemaps step in. Bubblemaps simplifies on-chain data with visual interfaces and easy-to-understand labels.
It lowers the entry barrier and makes blockchain data available for everyone to use. In contrast, blockchain explorer websites are suited for technical users such as analysts, engineers, and developers.
On Bubblemaps, crypto wallets are represented by bubbles. Each bubble represents a crypto wallet. Bigger bubbles represent wallet addresses with a larger share of a token’s total supply.
Interconnected bubbles represent wallets that have conducted token transfers between each other. This connection may indicate a single owner who has distributed their token holdings across multiple wallets.
On Bubblemaps, users can access on-chain data from nine different blockchains, namely Ethereum, Base, Arbitrum (ARB), Polygon (MATIC), Binance Chain (BNB), Fantom (FTM), Avalanche (AVAX), Cronos (CRO), and Solana (SOL).
How to Use Bubblemaps?
To begin using Bubblemaps you need to visit their official website on smartphone or laptop.
Bubblemaps recommends customers use the Google Chrome browser when using its platforms for the best results. Bubblemaps can be accessed from alternative browsers like Safari however, the platform said users “may experience unexpected errors or laggy graphs.”
Tap on the “Launch App” button.
You can use the Bubblemaps platform without logging in. If you have a premium account, you can log in to your account using your X (formerly Twitter) account or your crypto wallet.
Choose the blockchain network you want to investigate.
In our definition, we will be investigating the supply of the native token of decentralized exchange (DEX) Aerodrome Finance called AERO.
- Since Aerodrome Finance exists on the Base L2 blockchain, we select “Base” from the blockchain network options.
Type the token you want to investigate in the search bar. In this case, we type “AERO.”
Ensure that you select the right token by verifying its blockchain network and smart contract address.
- Next, you will find bubbles that represent crypto wallets. Tap on a bubble to learn more about its token holdings. The bubbles that are connected via dotted lines represent interconnected wallets that may belong to a single owner or common entity.
Bubblemaps Use Cases
In July 2024, a new Shiba Inu-themed memecoin called NEIRO took the crypto market by storm due to its close association with the most valuable memecoin in the world – Dogecoin (DOGE).
After investigating the NEIRO token, Bubblemaps warned its followers on X that NEIRO’s supply was “heavily controlled” by insiders who held 78% of the total supply across 350 wallets.
Bubblemaps also reported that insiders sold NEIRO tokens worth $4 million in 2,500 transactions across decentralized and centralized crypto exchanges.
Any token with a high insider holding is vulnerable to pump-and-dump market scams and rugpulls. Therefore, having such market insights can help crypto users make informed decisions when investing their money.
We analysed 10,000+ transactions of $NEIRO on ETH to follow the insiders. Here’s what we found:https://t.co/GG8le39nJb
• 78% of the supply spread across 350 wallets
• $4M sold in 2,500 transactions
• Sells on 10+ DEX and CEXThis was so meticulous that we believe scripts…
— Bubblemaps (@bubblemaps) July 31, 2024
Bubblemaps Features
Here are the key features of Bubblemaps:
Moonlight is the native token of the Bubblemaps platform. It is a BEP-20 token that exists on the BNB Chain.
The main utility of the Moonlight token is to pay for premium membership on Bubblemaps.
To sign up for Bubblemaps’ premium membership, users have to connect their crypto wallet to the platform and hold 250 billion Moonlight tokens.
Bubblemaps’ premium membership unlocks the Time Travel feature and unlimited access to the platform.
Here is additional information on the Moonlight Token and its tokenomics, according to data compiled by Coinmarketcap as of August 15, 2024:
- Total supply: 1,000 trillion tokens
- Market cap: $6.86 million
- Crypto rank based on market cap: 4487
- Price: $0.000000006857
You can buy Moonlight tokens on BNB Chain-based decentralized exchanges PancakeSwap and ApeSwap.
Bubblemaps Alternatives
Here are some alternatives to Bubblemaps:
Bottom Line
Having learned the definition of Bubblemaps, we hope that you discovered a handy and free-to-use tool for your cryptocurrency analysis. Spending the extra minute studying the token holder profile on Bubblemaps can help you avoid a poor investment decision.
Crypto analytics platforms like Bubblemaps are democratizing the use of complex on-chain data that was once only leveraged by crypto experts, analysts, and developers.
FAQs
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References
- Blockchain data visualization firm Bubblemaps raises $3.2M in funding | The Block (Theblock)
- Bubblemaps: Overview | LinkedIn (Linkedin)
- Nicolas Vaiman – Bubblemaps | LinkedIn (Linkedin)
- Ethereum (ETH) Blockchain Explorer (Etherscan)
- Innovative Visuals for Blockchain Data | Bubblemaps (Bubblemaps)
- Bubblemaps on X (X)
- Bubblemaps | Get premium to access our unique crypto bubbles (Bubblemaps)
- Moonlight Token price MOONLIGHT (Coinmarketcap)
- Exchange | PancakeSwap (Pancakeswap)
- ApeSwap | Your One-Stop DeFi Hub (Apeswap)
- Spot On Chain – Spot the opportunities, unlock insights (Spotonchain)
- Nansen | Crypto, Defi & NFT Analytics (App.nansen)
- DEX Screener (Dexscreener)