How to do an in-depth analysis of crypto projects

If you’ve been in crypto for some time and still miss out on significant pumps and 100x projects.

No stress. After reading this article, you will not miss out on top-performing coins or tokens.

One way to stay at the top of your game is to analyze crypto projects. The first step is adding the DeFiLlama plugin to ChatGPT. Now, let’s see a little bit about DeFillama.

What is DefiLlama?

DeFiLlama is DeFi’s largest aggregator. It provides current updates about the L1 and L2 blockchains, including information on total volume locked (TVL) and annual percentage yield (APY). That’s not all. DeFiLlama also provides project metrics that will enhance in-depth research. It’s all free, no extra charges. 

DeFiLlama aims to make DeFi a lot more transparent and accessible worldwide. It will help you make informed investment decisions. Its features include analytics, yields, borrowing, and more. You can also check the performance of other blockchains and compare their progress.

To get started, add the DeFiLlama plugin to your ChatGPT login. It will help in analyzing projects. ChatGPT will use its AI analysis and DeFiLlama’s information capacity. So, you need to:

  • Login to ChatGPT. 
  • Click on the ChatGPT 3.5 option at the top.
  • Go to the GPT-4 model interface.
  • Within the interface, look for the plugins sections. 
  • Activate or enable plugins.
  • Type in a DeFi-related prompt to ensure it is active.
Analyzing Crypto Projects Using ChatGPT

ChatGPT has many unique features. Now, we will use ChatGPT to get information about top protocols in each sector. Here are 3 steps, and promps,  you need to follow:

Step 1: Reviewing top protocols and their TVLs

Prompt: “Using tables, provide the top protocols in each sector and add information about their TVL.”

When you get your response, review the tables and check the categories.

Step 2: Comparing results using token information

We also need to do a comparison. We are doing this because comparing will give you insights into these projects. To do so, ask ChatGPT to add five more projects to each sector like this:

Prompt: “Add five more projects to each sector.”

When you get your response, you’ll have to ask ChatGPT to compare their TVL to the revenue generated. This approach will bring out the best among the five projects.

You need to get the project’s token distribution information. To do this, ask ChatGPT for the project tokenomics. When you know the tokenomics of a project, you can tell if it has potential. 

Then, ask ChatGPT to do the same with the other promising projects you got from your research.

Step 3: Comparative analysis

Now that you’ve got information on their tokenomics, let’s do a comparative analysis while still using ChatGPT. So, you have to ask ChatGPT to do a comparative analysis using the tokenomics data of your research projects. Here’s what to put on ChatGPT:

Prompt: Carry out a comparative analysis using the tokenomics data of the ‘name of the project’ and ‘name of the project’ to see which token has more potential.

You’ll get your results and conclude which token has the best utility. ChatGPT’s results from the comparative analysis would reveal the token with the best utility.

Extra Tip

To get early information on projects with smaller TVLs, use ChatGPT to search for protocols with lesser TVLs. Also, check their TVL to gain ratio. Then, you can get the tokenomics information on ChatGPT and use the procedures in this article to get your result.

To never miss out on 100x potential projects, use DeFiLlama ChatGPT’s plugin in your research. It’s easy to use and you do not need to study charts and trend patterns to get it right.



The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


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