Revolutionizing Etherscan — How to Find the True Value of an ETH Wallet
Purpose
This project aims to provide a new framework for measuring the value and integrity of an Ethereum wallet and smart contract by utilizing all on-chain data.
Vision
When people talk about blockchain Ethereum wallets and browse Etherscan, they always focus on the transferable assets—the amount of crypto or NFTs inside a wallet. At first glance, this is reasonable: what value could a wallet with no assets possibly hold? Yet, in my opinion, there is far more data behind a wallet’s address than just transferable assets. I believe that even if a wallet currently has no crypto or NFTs, it might still hold value. And sometimes, these fixed assets may yield more than transferable ones.
This is because wallets in Web3 are not just a means of storage but also accounts and identities that grant access to decentralized applications like GameFi and SocialFi. Just as people sell their PUBG or Instagram accounts for thousands of dollars, wallets may inherently contain similar value. For example, if you play Otherdeed for Otherside by Yuga Labs and decide to quit, you can easily sell your ApeCoins and NFT island, but you cannot sell your “In-Game Achievements,” “Account Level,” “Ranks,” or “Historical Records.” This mirrors Web2 gaming accounts, where some sell at high prices not only for their skins but also for historical records such as ranks and achievements.
This phenomenon extends beyond GameFi. Many projects mint non-transferable NFTs as identification. These NFTs might be in extreme demand, but there is no way to transfer them. Moreover, Decentralized Identity (DID) projects have already proven that account activity itself has value: an active address earns a high rating, and many project airdrops prioritize those with higher DID ratings.With the help of smart contract wallets built on ERC-4337, transferring the ownership of an entire wallet becomes possible. Therefore, we need a new way to measure the value of a wallet.
How to Navigate
The landing page includes the project's purpose, vision, and glossary terms. There are two core data sets, one on Etherscan and one on OpenSea. Both evidence and analysis could be accessed separately through the nav bar on the top left. The top right features two portals to directly access Etherscan and OpenSea. You can interact with the glossary and the core data sets by moving your mouse over them.
Data Sub-Genre
Etherscan (Wallet Address, Created Time, Most Recent Transaction, Total Transactions, Current Balance, Total Value Transferred) OpenSea (NFTs, NFT Values, Portfolio Values, Transaction History)
Glossary
- ERC-4337
- ERC-4337 is a standard for account abstraction on the Ethereum blockchain. It defines a set of rules and interfaces that allow users to interact with smart contracts without managing their own private keys.
- DID (Decentralized Identifier)
- An identity model where on-chain activity can inform a reputation/score used for access/airdrops.
- Airdrop
- Token/NFT distribution from NFT/GameFi platforms typically favoring highly active accounts.
- Smart-Contract Wallet
- A programmable wallet controlled by code(smart contract by its name) rather than a single EOA private key.
- ERC-20
- Fungible tokens like ETH.
- Soulbound Token (SBT)
- A non-transferable token used for identity, credentials, or membership proof.