Do you want to learn blockchain analytics to analyze data on the blockchain? Unfortunately, there are not many well-structured resources out there.
This article lists hands-on blockchain analytics learning resources available as of today. It also gives an overview of blockchain analytics, its importance, and the challenges to learn it.
What Is Blockchain Analytics
Blockchain analytics is the practice of analyzing blockchain data to generate value from it in the form of insights and data prodcuts.
It relies on both on-chain and off-chain analytical methods. On-chain derive insights straight from the data of the blockchain. Off-chain methods can include both data and non-data related techniques.
Why Blockchain Analytics Is Important
There are many use cases of blockchain analytics. The most obvious examples involve the tracking of blockchain acccounts, transactions, tokens, and smart contracts.
This information can be important for building, operating, and monitoring blockchain projects, financial trading, regulation and compliance, and projects that use the blockchain for verification.
Challenges to Learn Blockchain Analytics
Blockchain analytics is a relatively new and niche topic. For this reason, there are not many people who can do it and even less who have the time and skills to teach it.
Many resources that discusses the application of analytics on blockchain are academic writings focusing on possible use cases of blockchain in data science and management or data science method on blockchain problems. They do not teach you how to start blockchain analytics but show you advanced analytics and data science techniques.
Resources to Learn Blockchain Analytics
There are two traditional ways you can learn blockchain analytics: courses and books.
The rest of the article gives examples for each type.
Courses
Currently there are two courses where you can learn blockchain analytics:
- MetricsDAO Web3 Analytics 101: This is the only actively developed course about Web3 Analytics developed by the MetricsDAO community. It is a free course giving a great introduction about how to analyze blockchain data with SQL on platforms like Dune and Flipside.
- OurNetwork Web3’s Learn-to-Earn Data Cohort Program Course: This was a 30-day cohort learning course teaching Blockchain Analytics on Dune. It has ended but you can freely access its materials.
Books
- Blockchain Analytics for Dummies: This is a high-level overview of blockchain analytics including its use cases, main ways to access and analyze blockchain data, and applying analytical models on blockchain data.
- Investigating Cryptocurrencies: Understanding, Extracting, and Analyzing Blockchain Evidence: This book gives an introduction about analyzing blockchain data with a focus on digital forensics. It gives an overview of the challenges with analyzing blockchain data and presents a set of tools and methods to access, analyze, and understand what is happening on the blockchain.
Do You Want to Learn More About Blockchain Analytics?
This article showed you the few resources from which you can learn blockchain analytics.
Do you want to learn more about them? Do you miss a resource from the list? Feel free to reach out.