Bubblemaps, a blockchain analytics and visualization app, has been revamped to help cryptocurrency enthusiasts identify large token holders, known as whales, using new AI technology. This app was first launched in 2021 to provide a user-friendly way for people to understand the distribution of digital assets on the blockchain. The latest update aims to increase transparency in the crypto market by revealing patterns of token ownership that may suggest centralization or manipulation.
According to Bubblemaps CEO Nicolas Vaiman, on-chain data is crucial and deserves more attention as it is the backbone of the entire system. However, many crypto users tend to overlook this data because traditional tools can be complex and overwhelming. Bubblemaps occasionally shares its research findings online, shedding light on how certain entities hold significant control over specific tokens, such as Andreessen Horowitz with the UNI token for Uniswap.
One of the new features of Bubblemaps is the ability to display the top token holders as nodes in a graph, represented by bubbles that vary in size based on ownership stakes. The platform analyzes transaction histories to identify connections between wallets, creating clusters that represent individual entities. The latest version of Bubblemaps also includes a “time machine” feature that allows users to view historical token distribution snapshots. Additionally, AI technology powers the “magic nodes” feature, which uncovers links between blockchain addresses that may have gone unnoticed in previous versions of the app.
Another significant update is the addition of cross-chain support, enabling users to analyze asset supply across multiple blockchains. For example, stablecoins like USDC and USDT exist on various chains, and there are wrapped versions of bitcoin on different networks. Previously, Bubblemaps only displayed ownership on one chain at a time, but now users can view ownership across multiple chains simultaneously.
With the release of Bubblemaps V2, the CEO mentioned that the team is now focusing on expanding to new blockchains. The tool will initially support blockchains based on Ethereum’s Virtual Machine (EVM), with plans to add support for Solana and other chains in the future. Vaiman believes that Version 2 aligns with their long-term vision and may not require further expansion.
In conclusion, Bubblemaps’ latest update brings enhanced features and capabilities to help users gain insights into token ownership and distribution patterns in the crypto market. The use of AI technology, cross-chain support, and a user-friendly interface make Bubblemaps a valuable tool for both experienced and novice cryptocurrency enthusiasts. As the platform continues to evolve, it will likely play a significant role in promoting transparency and understanding within the blockchain ecosystem.
