In the Web3 world, it is often difficult to distinguish between truth and falsehood. Some projects that claim to be decentralized actually hide secrets. On-chain data shows that certain tokens, which claim to be governed in a decentralized manner, have 80% of their supply concentrated in just a few obscure wallets. This situation, which appears to be community-led but is actually manipulated by a small number of people, is becoming a significant issue in the industry.

To address this challenge, an innovative tool called Bubblemaps has emerged. It uses visual on-chain analysis technology to transform complex blockchain transaction relationships into intuitive bubble charts. This allows users to quickly identify whether token distribution is overly concentrated, discover suspicious frequent transfer activities, and other potential irregular operations. The emergence of Bubblemaps has greatly simplified the process that previously required time-consuming searches on Etherscan.

The applicability of Bubblemaps is quite broad, covering not only mainstream projects on Ethereum but also analyzing emerging tokens in the Solana ecosystem. What it provides is not guesswork or inference, but objective evidence based on actual on-chain data.

The platform has also introduced an innovative community participation mechanism. Users can submit their on-chain investigation reports on Bubblemaps' Intel Desk. If the content of the report is recognized by the community, the submitter will receive $BMT Token as a reward. This reward mechanism differs from traditional point or like systems; $BMT is a tradable utility Token that participates in ecological governance.

The emergence of Bubblemaps marks a significant step towards greater transparency in the blockchain field. It is not just a simple data visualization tool, but an important force in promoting the decentralization and data-driven public availability of on-chain information. Through this approach, we can better identify and prevent potential project risks, contributing to the healthy development of the entire cryptocurrency ecosystem.