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Intermediate
~180 min total8 lessons

On-Chain Research

Eight lessons that take you from reading a block explorer at surface level to running a complete pre-purchase research walk-through on any token, any time.

Intermediate
Evergreen
180 min readUpdated 2026-05-18Block Clarity Hub Editorial Team

About this course

Block explorers, mempools, event logs, and on-chain analytics tools are the closest thing crypto has to a public ledger of intentions. Most users glance at Etherscan and learn nothing. This course teaches the reading skills that let you trace a transaction through its internal calls, decode the calldata that a signature would authorise, distinguish a verified proxy from its actual implementation, and recognise the wash-trading and insider-wallet patterns that precede most scam tokens. Eight lessons of about 22 minutes each, working from primitives (addresses, transactions, event logs) up to a complete worked pre-purchase analysis. No price predictions, no buy/sell signals — just the literacy that lets you verify rather than trust.

What you'll be able to do

  • Read any block explorer (Etherscan, Solscan, BscScan) end-to-end: transactions, internal calls, event logs, calldata.
  • Understand the mempool as a public information surface and recognise the trade-off between public and private transaction submission.
  • Decode any approval or signature request against a contract's verified source code before signing.
  • Distinguish a verified proxy from its current implementation and audit both.
  • Identify the ten most-common token-contract red flags (mint functions, blacklists, hidden admin keys, fee-on-transfer, ownership renunciation theatre) from on-chain inspection alone.
  • Read a Dune dashboard skeptically — what its parameters are hiding, what its time-window choices are doing.
  • Recognise wash-trading and insider-wallet patterns in the on-chain footprint before they show up in price.
  • Run the complete pre-purchase research walk-through on any new token in under 30 minutes.

Who this is for

  • Anyone tired of relying on Twitter, Discord, or YouTube for token research and wanting the on-chain source-of-truth instead.
  • DeFi participants who want to verify claims about TVL, volume, and protocol activity rather than accept marketing.
  • Anyone who has lost money to a token that looked legitimate but had a hidden red flag in the contract.
  • Builders, analysts, and operators who need on-chain research skills as part of professional work.

Who this is NOT for

  • Beginners with no crypto exposure — start with the Beginner 7-Day course first.
  • Anyone wanting buy/sell signals — this course teaches verification, not trading.
  • Anyone seeking financial, tax, or legal advice — none of this is that.

Lessons

  1. 1

    Lesson 1 — Block explorer literacy: addresses, transactions, event logs

    ~22 min

    Every blockchain has a public ledger and every block explorer is just a friendly window into it. Today: the four primitives you need to read fluently.

  2. 2

    Lesson 2 — The mempool and pending state: visibility, MEV, and private submission

    ~22 min

    Once you've broadcast a transaction, it sits in public view before being included. Today: what's in the mempool, who watches it, and when to bypass it.

  3. 3

    Lesson 3 — Approvals and signatures revisited: decoding what you're about to sign

    ~22 min

    Most wallet drains are signed willingly. Today: how to decode the four signature types so you know exactly what you're authorising, before you authorise it.

  4. 4

    Lesson 4 — 'Verified' on Etherscan: proxies, implementations, and the real bytecode

    ~22 min

    A 'verified contract' label looks reassuring. Today: what verification actually proves, why proxies hide the load-bearing code, and how to check both layers.

  5. 5

    Lesson 5 — Token contract red flags: ten patterns to scan for

    ~22 min

    Most malicious tokens reveal themselves in the contract source. Today: the ten code patterns that should trigger immediate skepticism, and how to spot each one.

  6. 6

    Lesson 6 — Dune dashboards and SQL literacy: reading analytics skeptically

    ~22 min

    Dune is the public-square of on-chain analytics. Today: how to read a dashboard for what it shows, what it hides, and which parameters are doing the work.

  7. 7

    Lesson 7 — Wash trading and insider-wallet patterns

    ~22 min

    Suspicious on-chain footprints show up in the data before they show up in the price. Today: the patterns that distinguish organic activity from manufactured.

  8. 8

    Lesson 8 — The complete pre-purchase research walk-through

    ~20 min

    Course closing. The 30-minute checklist combining everything from Lessons 1–7, applied to any new token before allocation.

Final quiz

When you've worked through every lesson, pass the final quiz to mark the course complete. You can retry any number of times.

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Educational only.

Nothing in this course constitutes financial, investment, tax, or legal advice. Cryptocurrency carries significant risk, including total loss. Always consult qualified professionals for advice specific to your situation. We earn nothing from any project, exchange, or tool mentioned anywhere on this site.