How to effectively use tools to find the next on-chain Alpha?

Written by: Biteye

Shocking! Can you imagine that Robinhood Chain makes $2.6 million a day just from Gas?!

This wave of RH Meme fever has officially sounded the horn for the on-chain bull market. So, in the context of recovering liquidity and attention, how can we use tools effectively to find the next on-chain Alpha? 🤑🤑🤑

To assist you, I've compiled the secrets to becoming a master of the Robinhood Chain ⬇️

Organize by wallet → trading terminal (select coin → launchpad → follow orders → verify coin risk control → address analysis → market dashboard → derivatives. A one-stop shop for all your needs!

💰1. Wallet and Fund Entry: Understand this step of going on-chain first

1. Robinhood Wallet

🔗 https://robinhood.com/us/en/wallet/

One sentence introduction: Official self-custody wallet from Robinhood for managing crypto assets, sending and receiving transfers, exchanging, and connecting to DApps.

Usage rating: The Robinhood ecosystem wallet, currently the minimum Gas subsidy for RH chain exchanges has dropped from $5 to $0.50, with the activity ending on September 29, allowing small transactions to also receive subsidies.

Recommendation level: ★★★★★

2. Binance Wallet

🔗 https://binance.com/web3wallet

One sentence introduction: Web3 wallet under Binance, providing Binance users an entry to participate in RH chain token trading.

Usage rating: Binance users entering RH chain gain a familiar entry point. The transaction service fee for RH chain is discounted by 20% within a month.

Recommendation level: ★★★★★

⚔️2. Trading Terminal: A handy main battlefield is important

1. FOMO

🔗 http://fomo.family

One sentence introduction: Combines social dynamics with trading, watching who is buying while completing orders, supporting diversified deposits.

Usage rating: The engine of the Meme market right now. User-friendly for beginners, Social Trading makes waves, attracting a large number of new users from Europe and America through TikTok, etc.

Recommendation level: ★★★★★

2. GMGN

🔗 https://gmgn.ai/?chain=robinhood

One sentence introduction: Integrates finding new coins, monitoring popularity, checking holdings, wallet tracking, security scanning, and trading.

Usage rating: The largest trench in the Chinese-speaking world, with comprehensive functions, serves as the main page for RH coin selection and research. The connection from selection and research to transaction is tight, essential for those who sit idle.

Recommendation level: ★★★★★

3. Axiom

🔗 http://axiom.trade

One sentence introduction: A trading terminal that emphasizes market operation, quick ordering, and wallet tracking.

Usage rating: Participating in the fast-paced RH market, the more cumbersome the operation is between research and execution, the easier it is to miss the desired price. Axiom is more suitable for those who have already selected targets and need to keep watching and adjust positions. Quick operations can shorten the ordering steps.

Recommendation level: ★★★★☆

4. Uniswap

🔗 http://app.uniswap.org

One sentence introduction: The main DEX of RH Chain, the direct trading entry for RH tokens.

Usage rating: After finding RH tokens from the terminal, you can further check which Uniswap pool they are trading in, what assets they are paired with, and whether the current depth can accommodate your orders.

Recommendation level: ★★★★☆

5. BasedBot

🔗 https://basedbot.app/robinhood

One sentence introduction: Discover new coins through Discover / Pulse and connect with buy-sell operations on RH chain.

Usage rating: Focused on RH's new coin pipeline, suitable for quickly going through new projects.

Recommendation level: ★★★★☆

6. Maestro

🔗 http://maestrobots.com

One sentence introduction: A Telegram trading bot that supports RH chain, connecting token trading with Telegram usage scenarios.

Usage rating: Suitable for heavy users of Tg Bot; if your RH information mainly comes from Telegram groups and channels, it is recommended to use it.

Recommendation level: ★★★★☆

🚀3. Launchpad: Hunting for early big winners

1. PONS

🔗 http://ponsfamily.com/launchpad

One sentence introduction: Provides entry for new coin issuance and trading, focusing on curve stages, graduation mechanisms, and quoted assets.

Usage rating: The Robinhood version of http://Pump.fun, the first to profit, first to buy back, first to pump.

Recommendation level: ★★★★★

2. Long

🔗 http://long.xyz

One sentence introduction: Focuses on the issuance and trading scenarios of Meme and stock token pairings.

Usage rating: The king of stock Meme on Robinhood, $AI and other big players have created immense wealth.

Recommendation level: ★★★★★

3. pools.trade

🔗 http://pools.trade

One sentence introduction: Characterized by directly issuing and trading in Uniswap pools, providing another entry for new RH coins.

Usage rating: Part of the Uniswap system, there is no "graduation" stage, focusing on initial liquidity and pool parameters.

Recommendation level: ★★★★☆

👀4. Follow Orders and Routing: Observe first, then decide how to follow

1. GMGN Copy Trade

🔗 https://gmgn.ai/trade?chain=robinhood

One sentence introduction: Select a target RH Chain wallet, set positions and execution conditions, and automatically follow buy-sell operations.

Usage rating: When filtering RH follow order addresses, look at what type of coins they mainly trade, how long they usually hold them, and whether the order size is suitable for you to follow.

Recommendation level: ★★★★☆

2. CopyFomo

🔗 http://copyfomo.com

One sentence introduction: Using FOMO accounts as an entry point, provides follow order functionalities for relevant traders.

Usage rating: Turns "following this person" into "betting along with this person," the distance is short. Social popularity adds a halo to the trader, best to set your own position.

Recommendation level: ★★★☆☆

🔐5. Safety and Risk Control: Essentials to prevent rugs and pitfalls

1. Blockscout

🔗https://robinhoodchain.blockscout.com

One sentence introduction: Queries transactions, contracts, deployers, and asset transfers on the RH chain to provide original on-chain records for research.

Usage rating: If you see suspicious trades or holding changes in the RH terminal, you can take the transaction hash and contract address back to the browser for verification.

Recommendation level: ★★★★★

2. Ruginhood

🔗 http://ruginhood.com

One sentence introduction: A token risk scanning tool for the RH chain, enter the contract address to check simulation trades, permissions, liquidity, and concentration of holdings.

Usage rating: Suitable for quick initial screening before placing orders, checking for obvious contract issues.

Recommendation level: ★★★★☆

3. HoodScan

🔗 http://hoodscan.co

One sentence introduction: Focuses on asset and trading activities on the RH chain, helping distinguish between stock tokens, stock-related Memes, and protocol activities.

Usage rating: Stock codes, stock tokens, and related Memes on RH can be easily confused; HoodScan helps clarify the type of target first, then continue research on trading. You can also observe what funds are trading along the protocol, assets, and swap activities to avoid mistaking similarly named different assets as the same opportunity.

Recommendation level: ★★★★☆

📊6. Market Watching and Screening: Look beyond prices to see other information

1. Dexscreener

🔗https://dexscreener.com/robinhood

One sentence introduction: View the K-line, trading pairs, liquidity, and buy-sell data of RH tokens to discover and compare market opportunities.

Usage rating: Suitable as a commonly used market page. Confirm CA, specific pools, and liquidity before buying to avoid only looking at price increases.

Recommendation level: ★★★★★

2. Fomo Helper

🔗https://github.com/mickeyhogen/fomo-helper

One sentence introduction: A plugin that supplements narrative information, holding analysis, and trading dynamics of followed objects in FOMO scenarios, developed by @0xHogen.

Usage rating: Suitable for those who have already made FOMO their main entry. First check which information you are missing, then choose the corresponding tool.

Recommendation level: ★★★☆☆

📈7. RH Macro Dashboard: Determine if the overall chain liquidity is online

1. DefiLlama

🔗 https://defillama.com

One sentence introduction: Start with the TVL and protocol data of the RH chain to observe the scale of funds and their distribution within the ecosystem.

Usage rating: When popular coins on RH rise, you can look back to see if the overall fund scale of the entire chain changes in sync, and where the funds are primarily concentrated in which protocols. Study trading popularity and combine it with metrics like transaction volume and fees.

Recommendation level: ★★★★★

2. Dune

🔗 https://dune.com/blockchains/robinhood

One sentence introduction: Research topics like RH chain activities, trader performance, and launchpads through community SQL dashboards.

Usage rating: Suitable for further breaking down RH market: whether there are more active traders, how a particular launchpad performs, whether trading volume is concentrated on a few tokens. What specific questions can be answered depends on the query content of the selected dashboard.

Recommendation level: ★★★★☆

⚖️8. RH Perp DEX: Confirm your RH derivatives

1. Lighter

🔗https://robinhoodchain.lighter.xyz/trade/LIT

One sentence introduction: Provides a dedicated entry for perpetual trading on RH for participating in corresponding derivatives markets.

Usage rating: Participating in RH perpetual trading allows you to view the market directly from a dedicated entry, focus on margin, funding rates, market depth, and liquidation rules.

Recommendation level:★★★★★

2. Arcus

🔗 https://arcus.xyz

One sentence introduction: Provides perpetual and pTokens derivatives in the RH ecosystem, connecting stock, commodity, and crypto asset-related trading scenarios.

Usage rating: Suitable for those focusing on cross-market trading in RH. When facing stock or commodity-related products, first confirm the specific exposure they provide, reference prices, and settlement methods, then compare trading opportunities.

Recommendation level: ★★★☆☆

Finally, I wish everyone success in mining profits on Robinhood! Achieving great results while sitting idly!