Santiment Review: Everything You Need to Know

Having access to reliable data and insightful analytics is crucial for making informed investment decisions, and this is especially important with crypto.

Santiment emerges as a leading platform in this domain, offering a suite of tools that provide deep insights into on-chain, social, and development metrics across a vast array of crypto assets.

This review delves into Santiment's features, advantages, and how it distinguishes itself in the crowded crypto analytics landscape.

What is Santiment?

Founded in 2016, Santiment is a behavior analytics platform for cryptocurrencies, sourcing on-chain, social, and development information on over 2,000 coins.

It aims to provide clean and reliable data to help investors navigate the complex crypto market.

Key Features of Santiment

  • Comprehensive Data Coverage: Santiment offers over 1,000 on-chain metrics for more than 2,000 crypto assets, covering 12 blockchains. This extensive dataset includes financial, on-chain, social, and development metrics, providing a holistic view of the market.
  • Behavioral Analytics: The platform specializes in behavioral analysis, turning data points into reliable insights to guide users through the complexities of the crypto market. This includes analyzing investor behaviors, social trends, and development activities.
  • Customizable Dashboards and Alerts: Users can create personalized dashboards and set up alerts for specific metrics or events, enabling proactive monitoring of market conditions.
  • API Access: Santiment provides API access for seamless integration of its datasets into users' data lakes or quantitative pipelines, facilitating advanced analysis and strategy development.

How Santiment Works

Santiment aggregates data from various sources, including blockchain networks, social media platforms, and development repositories.

It processes this data to generate actionable insights, which users can access through its web platform, customizable dashboards, or API.

The platform's tools allow users to analyze market trends, monitor asset performance, and identify potential investment opportunities.

Advantages of Using Santiment

  • Data Accuracy and Reliability: Santiment emphasizes clean and reliable data, ensuring that users base their decisions on accurate information.
  • Holistic Market View: By combining on-chain, social, and development data, Santiment provides a comprehensive perspective of the crypto market, enabling users to understand the multifaceted factors influencing asset performance.
  • User-Friendly Interface: The platform's intuitive design and customizable features make it accessible to both novice and experienced investors.

Challenges and Drawbacks

  • Subscription Costs: While Santiment offers a free tier, access to advanced features and comprehensive datasets requires a subscription, which may be a consideration for some users.
  • Learning Curve: Given the depth of data and analytical tools available, new users may experience a learning curve in fully leveraging the platform's capabilities.

Use Cases and Ecosystem

Santiment caters to a diverse user base, including hedge fund managers, retail investors, crypto project owners, and NFT creators.

Its tools are utilized for market research, investment strategy development, and monitoring of project health and community engagement.

Santiment vs. Other Crypto Analytics Platforms

  • Santiment vs. Glassnode: While both platforms offer on-chain analytics, Santiment distinguishes itself by integrating social and development data, providing a more comprehensive market view.
  • Santiment vs. CryptoQuant: CryptoQuant focuses primarily on on-chain data and exchange flows, whereas Santiment offers a broader range of metrics, including social sentiment and development activity.

How to Get Started with Santiment

  1. Create an Account: Visit the Santiment website and sign up for a free account.
  2. Explore the Platform: Navigate through the available tools, such as Sanbase, to familiarize yourself with the data and analytics features.
  3. Customize Dashboards: Set up personalized dashboards to monitor specific assets or metrics of interest.
  4. Set Alerts: Configure alerts for particular events or threshold breaches to stay informed about market movements.

Future of Santiment

Santiment continues to innovate by expanding its datasets and enhancing its analytical tools.

Future developments may include deeper integration with emerging blockchains, advanced predictive analytics, and enhanced user collaboration features to foster a more interactive community.

Final Thoughts: Is Santiment Worth It?

For investors and analysts seeking a comprehensive and reliable source of crypto market intelligence, Santiment offers a robust solution.

Its extensive datasets, combined with advanced analytical tools, provide valuable insights into market dynamics.

While there is a learning curve and subscription costs to consider, the depth of information and potential for informed decision-making make Santiment a worthwhile investment for serious market participants.

Conclusion

Santiment is ideal for experienced traders, institutional investors, and crypto project teams looking for comprehensive analytics and insights to guide their strategies.

However, beginners should be prepared for a learning curve and may want to start with simpler tools before diving into Santiment's full capabilities.

FAQs

  • Is Santiment suitable for beginners?Yes, while there is a learning curve, Santiment's user-friendly interface and comprehensive resources make it accessible to beginners interested in crypto analytics.
  • What type of data does Santiment provide?Santiment provides on-chain metrics, social data, and development activity for over 2,000 crypto assets, covering financial and behavioral insights.
  • How can I access Santiment's API?Users can subscribe to the API service through Santiment's website, providing seamless integration for advanced analysis and data-driven strategies.
Back to blog