Best way to track Ethereum addresses

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Ethplorer isn’t the only Ethereum tracking service available. What makes it unique is its ability to track any number of addresses and transactions, millions if needed.

Explorers are blockchain search engines that allow tracking and gathering of chain details and statistics. Each public chain has its own explorer for developers and users to keep tabs on chain activities and vital metrics. There are several blockchain viewers in Ethereum, one of them is Ethplorer.

Since public chains are transparent, developers can use blockchain explorer to access and even extract different details related to wallets, transactions, rich lists, messages and so on.

Focus on Ethereum tokens

The presence of free tools to track ETH and tokens helps in the adoption of smart contracts and blockchains. The Ethplorer shows the public information about ERC-20 tokens.

Through the explorer, anyone can gather detailed information on the market cap, price and ranking of each token. Information on transaction counts is also available. Details on the time of publication, the token symbol, the sender and recipient addresses and the amount moved can also be collected from the main explorer page.

The Ethplorer Bulk Monitor API

The team is also introducing the Ethplorer Bulk API Monitor, a tool optimized for tracking an infinite number of Ethereum tokens and addresses that requires minimal resources and coding. All you need to do is add an address or tracking agreement. Once addresses are added to the tracking list, Bulk API returns all address related operations as they appear in the Ethereum blockchain.

The portal offers new powers to wallet developers, address tracking services, exchanges, airdrops, and all platforms / service providers that handle a large number of Ethereum-based token addresses.

Using the Ethplorer Bulk API Monitor, you can track tokens or transactions for an address list. This service is aimed at developers, but Ethplorer also offers a surveillance service for regular crypto users, with automatic alerts by email and Telegram. It is also based on the Bulk API.

To track transactions related to specific addresses, a user must first create a list (pool) of these addresses. Subsequently, the developer can ask for “getPoolLastOperations” every minute, setting the period from 3 to 5 minutes, to get a list of transactions for the entire pool. Each request can return up to 10,000 transactions for all addresses involved in the requested period, including details of each transaction and values ​​in tokens and balances of participating addresses. This way, you don’t need to make additional requests.

Alternatively, to keep track of a limited number of tokens, the user can add their contract addresses to the pool. Once done, Bulk API Monitor will return all transactions with these tokens, regardless of the addresses involved. You can also manually add addresses to the same pool and get all transactions for these addresses (and any ERC20 tokens) in the same response, saving time.

Each API key used is billed based on the number of transactions tracked in each pool. Depending on the number of queries per month, a user can use the tool for free or sign up for a premium plan.

Billing plans

For each transaction found, one tick or one credit point is billed. Additionally, there are lower daily rates to avoid keeping unused addresses in the pool.

In general, the average daily transaction count in the Ethereum blockchain is around one million. So, for example, tracking 1,000 addresses that also produce 40,000 transactions per month will go into the basic plan of $ 14.90 billed monthly. On the other hand, the Ultimate plan charged at $ 699 per month is enough to track millions of transactions, which is enough to cover the tracking scope of a typical Ethereum project. This way, developers can easily predict their costs without worrying that monitoring costs might impede user growth.
There is also a free plan limited to 1,000 search ticks per month, which is sufficient for individual, non-commercial purposes.

Of course, Ethplorer isn’t the only Ethereum tracking service available. What makes it unique is its ability to track any number of addresses and transactions, millions if needed. This is possible with the introduction of Bulk API Monitor, a specialized development tool that adapts to the needs of crypto projects of any size.

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staff writer
Author: Andrey Sergeenkov

Founder and publisher of BTC PEERS. Andrey writes about financial experiments, DeFi, cryptocurrency and blockchain.

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