In the field of blockchain, although data is public and transparent, the truth is often hidden in a complex ocean of data. Traditional blockchain explorers can provide basic information such as transaction hashes, address balances, and interactions with smart contracts, but this linear and fragmented data is often insufficient to meet investors' needs for in-depth analysis of projects. For a complex token project, investors typically find it difficult to quickly obtain key information, such as the health of token distribution, whether there are hidden large holder groups, and whether the project party retains a large amount of undisclosed tokens. The answers to these questions are often buried deep in the vast amount of on-chain data, requiring specialized knowledge and significant time to decipher.

Bubblemaps was born to address this core challenge. It is not just a data presentation tool, but a powerful on-chain smart contracts visualization engine. Its core technology lies in transforming raw, unstructured blockchain data into intuitive, structured "relation maps" or "bubble charts" through advanced algorithms and clustering analysis.

The technical highlight of Bubblemaps lies in its unique clustering algorithm. The engine comprehensively scans all holder addresses of specific Tokens and intelligently groups them into different "clusters" based on a series of heuristic rules, such as common funding sources, similar transaction times, and associations with known centralized exchange Addresses. For example, all users receiving Tokens from the same initial Address may be classified as the "private investor" cluster, while Addresses obtaining Tokens through Uniswap V2 liquidity pools may be marked as another type of group.

This smart visualization technology provides investors and analysts with a powerful tool that enables them to quickly gain insights into the true condition of projects, identify potential risks, and make more informed investment decisions. The emergence of Bubblemaps marks a new era in blockchain data analysis, providing important support for building a more transparent and healthier cryptocurrency ecosystem.