I have seen many Newbies fall into traps in the crypto market, often due to a lack of reliable analysis tools. In an era of tightened regulations and emerging new technologies in 2026, investing based on gut feeling is basically a recipe for disaster. In fact, with the right tools, beginners can also get a good grasp of projects—by combining some practical risk identification techniques, most scam traps can be avoided.

First, let's talk about the core tool matrix. You don't need to learn 50 complex tools; just 6 carefully selected ones will suffice:

**In terms of fundamentals** , TokenTerminal and DefiLlama are standard tools. TokenTerminal covers complete data for over 400 mature protocols, making key indicators such as project revenue and user growth clear at a glance; DefiLlama tracks the TVL and cross-chain traffic of over 3000 protocols, which is particularly useful for discovering niche projects.

**On-chain data analysis**, Nansen and Dune are must-haves. Nansen can track the flow of tokens and large capital movements across 35+ public chains, and the "smart money" indicator can help you sense changes in market sentiment; Dune's visual charts are excellent, presenting user activity and ecosystem growth trends intuitively, making it particularly suitable for researching new tracks like AI + encryption and market prediction.

**Information and Alerts**, don't miss CryptoPanic and Web3alerts. CryptoPanic aggregates crypto news and marks market trends, making it very convenient; Web3alerts allows you to set various risk alerts to help you stay updated on project developments.

Using this trap combination, a Newbie's DYOR efficiency can be improved several times and can also avoid most of the pitfalls.