What is Birdeye? How to become a better crypto trader with Birdeye

1. What is Birdeye?

Birdeye, a comprehensive crypto trading data aggregator, consolidates trading information across multiple blockchains including Solana, Ethereum, Polygon, Arbitrum, Optimism, Avalanche, and BNB Chain. 

Its intuitive dashboard presents users with token prices, candle charts, historical data, and other essential trading metrics, all color-coded for easy interpretation of top trades, trends, and price movements. 

The brainchild behind Birdeye is Kha Nguyen, former head of product at Solscan, who launched the platform in 2021 with the aim of empowering users to make informed trading decisions.

2. Key features of birdeye

2.1. Chart

Upon arrival, you'll find the chart for SOL displayed by default. If you're interested in exploring other tokens, you have the option to either copy the token address or seamlessly navigate to Solscan via the Basis stats section on the left side of the page. On the right side, you'll discover the Swap section, featuring Jupiter, a robust DEX aggregator. With Jupiter, you can execute token swaps without the need to visit external websites, streamlining your trading experience. 

Additionally, you have the flexibility to monitor multiple charts simultaneously, with the ability to view up to four charts at once. Simply select the add button to include additional charts to your dashboard. Whether you're tracking SOL or exploring other tokens, the Chart page offers a user-friendly interface for all your trading needs.

2.2. Find Gems

In the Find Gems section, you have the power to refine your token search using various sorting options. Customize your search by selecting or adjusting parameters within the highlighted red frame. You can sort tokens by:

• Most Viewed: Reflects the number of times users have viewed the token.

• Most Watched: Indicates how frequently the token has been added to users' watchlists.

• Most Trades: Ranks tokens based on the volume of trading activity.

• Nano Cap: Identifies tokens with a Fully Diluted Market Cap (FDMC) of less than $10 million.

Additionally, you have the flexibility to set upper and lower limits for Total Value Locked (TVL), Fully Diluted Valuation (FDV), 24-hour Volume, number of holders, and more.

Furthermore, visualize the outcome of your sorting by selecting "View 360". This feature enables you to quickly assess whether token prices are trending up or down through a color-coded system – green signifies price increases, while red indicates price decreases. With these comprehensive sorting and visualization tools, navigating the crypto market to discover hidden gems becomes a seamless and intuitive process.

2.3. Trader Profile

Within the Trader Profile section, you'll discover the top 10 users who have experienced gains or losses in their trading activities. You have the flexibility to select the timeframe of interest, ranging from Yesterday, Today, 1 Week, 1 Month, 2 Months, to 3 Months.

Delving into the trade history of these top traders can provide valuable insights, offering glimpses into promising projects and facilitating the acquisition of essential trading skills. By observing the strategies and decisions of successful traders, you can glean knowledge that may enhance your own trading approach and potentially uncover lucrative opportunities within the market.

2.4. Sol360

Sol360 is a powerful tool designed to visually represent price trends of tokens within the Solana ecosystem. When token prices increase, they are displayed in a vibrant green color, while price decreases are depicted in red. This intuitive color scheme allows users to grasp price movements at a glance, with the depth of color indicating the magnitude of the change rate.

By default, Sol360 visualizes tokens sorted by Total Value Locked (TVL), 24-hour Volume, and 24-hour Change. Additionally, users have the option to visualize the results of their original sorting criteria from the Find Gems section, providing a comprehensive overview of token performance and market dynamics within Solana.

2.5. Price Bots

To begin using Birdeye's Discord Price Bot, navigate to the Price Bots page and select "BIRDEYE'S DISCORD PRICE BOT 02." You'll then be prompted to choose the servers where you wish to add the bot. After selecting the server, click "Continue" to proceed with the installation. Once the bot has been successfully added, you'll find birdeyePriceBot listed in the user roster.

To utilize birdeyePriceBot, simply type the command "/price (token name or address)" in your Discord chat. This command allows you to access key information such as Price, Volume24h, Trade24h, Liquidity, Marketcap, Holder, and a direct link to Birdeye for further insights. With birdeyePriceBot at your disposal, staying informed about token metrics and market trends has never been easier.

2.6. APIs

Birdeye provides access to APIs that offer valuable information including Token Price and OHLCV (Open, High, Low, Close, Volume) data. While these APIs may be more technical in nature and less familiar to non-developers, they offer powerful insights for those looking to dive deeper into crypto trading analytics.

If you're interested in utilizing these APIs, you can reach out to @kingfisher_eye on Telegram to inquire further and explore how they can benefit your trading strategy or analysis. Whether you're a seasoned developer or a novice enthusiast, Birdeye's APIs offer a wealth of data to help inform your decisions in the dynamic world of cryptocurrency.

2.7. Newly Listed

On the Newly Listed page, you'll find a curated selection of pairs recently added to decentralized exchanges (DEXs) and automated market makers (AMMs). This is where the hunt begins for newly generated tokens and projects poised to skyrocket in value. Explore this section to uncover promising opportunities and potential moonshot projects that may offer significant growth potential in the crypto market.

3. Why use Birdeye?

There are several compelling reasons to use Birdeye in the realm of cryptocurrency trading:

Comprehensive Data Aggregation: Birdeye aggregates data from various sources across multiple blockchains, providing users with a centralized platform to access comprehensive trading information. This saves time and effort by eliminating the need to visit multiple websites or platforms for data.

Real-Time Insights: Birdeye offers real-time data feeds and updates, ensuring that users have access to the latest information about token prices, trading volume, market trends, and more. This timely information is crucial for making informed trading decisions in the fast-paced cryptocurrency market.

User-Friendly Interface: Birdeye features a user-friendly interface with intuitive navigation and visually appealing charts and graphs. Whether you're a beginner or an experienced trader, Birdeye's interface makes it easy to understand and analyze complex trading data.

Customization Options: Birdeye allows users to customize their experience by adding tokens and trader profiles to their watchlist. This enables users to track the performance of their favorite assets and traders, providing valuable insights for trading strategies.

Community and Insights: Birdeye fosters a community of traders and enthusiasts, providing a platform for sharing insights, strategies, and market analysis. By connecting with other users on Birdeye, traders can gain valuable perspectives and stay updated on the latest trends and developments in the cryptocurrency space.

Overall, Birdeye offers a comprehensive, user-friendly platform for accessing real-time data, insights, and community engagement in the cryptocurrency trading world, making it an invaluable tool for traders of all levels.

4. How to get started with Birdeye?

Getting started with Birdeye is straightforward. Here's a step-by-step guide:

Visit the Birdeye Website: Navigate to the Birdeye website using your web browser.

Sign Up for an Account: If you're new to Birdeye, sign up for a free account by providing your email address and creating a password. If you already have an account, simply log in.

Explore the Platform: Once logged in, take some time to explore the various features and tools available on Birdeye. Familiarize yourself with the dashboard layout, navigation menu, and different sections such as charts, tables, and community forums.

Add Tokens to Your Watchlist: Customize your experience by adding tokens of interest to your watchlist. This allows you to track the performance of specific assets and stay updated on their price movements and market trends.

Follow Traders: Consider following traders whose strategies and insights align with your trading goals. By following traders, you can gain valuable perspectives and stay informed about market developments.

Utilize Tools and Resources: Take advantage of Birdeye's tools and resources to enhance your trading experience. This may include price charts, trading data analysis, market insights, and community forums.

Engage with the Community: Join discussions, ask questions, and share insights with other members of the Birdeye community. Engaging with fellow traders can provide valuable learning opportunities and help you stay updated on the latest trends and developments in the cryptocurrency market.

By following these steps, you can get started with Birdeye and begin leveraging its features to enhance your cryptocurrency trading experience.

5. Conclusion

In conclusion, Birdeye offers a valuable toolkit for crypto traders looking to enhance their skills and stay ahead in the competitive cryptocurrency market. By leveraging Birdeye's real-time data, comprehensive insights, and community engagement features, traders can make more informed decisions, spot emerging trends, and connect with like-minded individuals. Whether you're a seasoned trader or just starting out, Birdeye provides the resources you need to elevate your trading game and unlock your full potential in the exciting world of cryptocurrency.