Suppose you’re eager to immediately start using the industry’s #1 wallet profitability checker. In that case, you’ll want to look closer at moralis.com – a top-tier real-time analytics platform for traders and investors seeking up-to-date market data, trading signals, and actionable insights.
With our crypto PnL checker, you can quickly get the total profit of any wallet, along with the daily PnL status of individual tokens, at the click of a button. Simply paste the wallet address in the search bar at the top, click it, and you’re good to go:
Also, if you’d like to maximize your returns, don’t forget to sign up for one of our paid plans. Doing so will give you access to more detailed filters, the Money Line Trend Indicator, whale alerts, and much more!
What is a Wallet Profitability Checker?
A wallet profitability checker is a platform or tool that allows you to analyze the profitability of any cryptocurrency address easily. As such, when using a wallet profitability checker, you get insight into a wallet’s overall performance – as well as the PnL status of individual tokens – across multiple blockchain networks.
What are wallet profitability checkers used for?
- Portfolio Analysis: Analyze your crypto portfolio to gain insight into the performance of your assets over time. Track the success of your strategies and make necessary changes accordingly.
- Risk Management: Determine acceptable levels of risk by evaluating historical data, aiding you in setting reasonable take-profit or stop-loss levels.
- Copy Trading: Find profitable addresses and copy the strategies of other successful traders to optimize your portfolio’s performance.
All in all, a wallet profitability checker can enhance decision-making and strategic planning, allowing you to maximize your crypto profit.
What is Crypto PnL & How is it Calculated?
Crypto PnL – short for “profit and loss” – is an essential term in investing and trading. It refers to the net financial outcome of trading positions or investments over given time periods. As such, the crypto PnL metric provides you with a clear overview of how your assets are performing.
Crypto PnL is calculated by deducting the cost of buying an asset from the total revenue gained when it’s sold or the current market value. A positive value indicates a profit, while a negative value indicates a loss.
Crypto PnL can generally be divided into two parts:
- Realized PnL: The profit or loss resulting from closed or finished trades. Calculated by subtracting the cost of buying an asset from the total revenue gained when it’s sold.
- Unrealized PnL: The profit or loss of open transactions that haven’t yet closed. Calculated by taking the difference between an asset’s buy price and its current market value.
To sum up, crypto PnL is the net financial outcome of your cryptocurrency investments and trades, providing a clear picture of your financial performance over time.
How Does a Wallet Profitability Checker Work?
A PnL checker aggregates transaction and price data from multiple sources to accurately calculate the profitability of wallets. In doing so, these platforms can give you comprehensive insight into the overall performance of a portfolio and the PnL status of individual tokens.
Here’s an overview of the process:
- Data Collection: Data is collected using RPC nodes and APIs. This includes transactions, along with entry, exit, and real-time prices.
- Data Processing: The data is processed, analyzed, and used to calculate the wallet’s profitability.
- Data Visualization: The result is presented to the user in intuitive dashboards and reports, providing a clear overview of a wallet’s overall performance.
Put simply, a wallet profitability checker aggregates data from various sources, calculates the wallet’s PnL status, and displays the results via an intuitive user interface.
Benefits of Using a PnL Checker
There are many benefits to using a crypto PnL checker. Here are four prominent examples:
- Comprehensive Portfolio Analysis: Track the performance of your investments and assess profit/loss across multiple assets and blockchain networks.
- Performance Evaluation: Evaluate which strategies are the most profitable, leading to more informed decision-making.
- Real-Time Data: Access real-time insights, which give you the information you need to react quickly to market changes and new trends.
- Portfolio Optimization: Adjust your holdings based on tangible performance metrics and optimize for improved returns.
That covers the ins and outs of wallet profitability checkers. Let’s now introduce the industry’s leading platform: Moralis!
Exploring Moralis – The Industry’s Leading Wallet Profitability Checker
Moralis is a real-time analytics platform for cryptocurrency investors and traders seeking actionable insights, up-to-date market data, and trading signals. With our easy-to-use interface, you can effortlessly track top tokens by market cap, trading volume, and other on-chain activity across all major chains!
Here are some of the main benefits of using Moralis:
- More Data – Better Signals: Moralis is powered by our industry-leading blockchain data APIs, giving you the edge to act fast and make informed decisions as soon as new opportunities emerge.
- Ease-of-Use: With an easy-to-use interface, you can, for instance, find top Ethereum tokens or top Solana tokens, analyze wallets, set up real-time alerts, and much more at the click of a button.
- Cross-Chain: Find tokens, analyze wallets, and maximize your profits across all major chains, including Ethereum, BNB Smart Chain (BSC), Polygon, Optimism, Base, Solana, and many more.
With an overview of Moralis, let’s dive into the ins and outs of our wallet profitability checker!
Introducing Moralis’ Wallet Profitability Checker
With Moralis’ wallet profitability checker, you can now seamlessly analyze the overall PnL status of any address. Simply paste a wallet address in the search bar at the top, click it, and you’ll be taken to a page that looks something like this:
Note: If you have connected your own wallet, simply click the ”Portfolio” tab to the left to analyze your own profitability.
The portfolio page above is enriched with a bunch of useful data. However, for this tutorial, we’re mainly interested in two parts:
- Realized Profitability: In the ”Trading Stats” section to the left, you’ll find both the realized PnL and realized profit of the wallet. Here’s an example of what it might look like:
- Token PnL: Under the ”Tokens” tab, you’ll find the daily PnL status of individual tokens held by the wallet in question. This is what it looks like:
That’s it; it doesn’t have to be more challenging than this when using Moralis’ wallet profitability checker. From here, you can now use the data to analyze the overall performance of any wallet across all supported chains.
If you’d like to learn more about the portfolio tab, please check out our wallet analyzer guide, where we cover this feature in further detail!
Beyond Our Wallet PnL Checker – Diving Deeper Into Moralis
In addition to our premier wallet PnL checker, Moralis offers a selection of other industry-leading tools. Here are three prominent examples:
- Token Explorer: Combine 20+ metrics and filters to find precisely the tokens you’re looking for. This is the ultimate tool for anyone looking to find tokens before they pump. For instance, find trending BSC coins and much more with ease.
- Token Pages: Visit our token pages to get insight into individual cryptocurrencies. Get any token’s current price, market cap, security score, hype score, price changes over time, and much more. Access all the data you need in one place to make informed decisions.
- Token Alerts: Set up alerts for predefined strategies, tokens, and bundles at the click of a few buttons. Discover hidden altcoin opportunities and new market trends without the need to actively trade.
To further highlight the benefits of these features, we’ll show you how they work in practice!
Token Explorer: Easiest Way to Find Tokens Before They Pump
We’ll now demonstrate how our Token Explorer works – the ultimate tool for finding altcoin gems. To do so, we’re going to show you how to generate a dynamic list of new, secure, and promising altcoins in three simple steps:
- Step 1: Go to the ”Explore” tab.
- Step 2: Select metrics, followed by filters, and specify the remaining parameters. In our case, we’ll combine the Coin Age, Security Score, and On-Chain Strength Index parameters.
- Step 3: Click ”Run Strategy.”
Here’s a GIF covering the steps above:
From here, you can now pick and choose from any of our metrics and filters to make your search queries even more targeted!
Also, if you don’t know where to start, try one of our premade strategies further down on the ”Explorer” page. For instance, find trending meme coins, new tokens with positive buy pressure, or trending AI tokens:
Token Pages: Complete Token Insight
Once you find an interesting token, you can do further research using our token pages. Simply click a coin in the Token Explorer or paste an address in the search bar at the top. Here’s an example of what it looks like for Neiro:
On this page, you’ll find a bunch of valuable data:
- General Information: Access general data, including the token’s price, market cap, coin age, Twitter followers, and more.
- Trading Chart: The trading chart allows you to follow the token’s price history and analyze its performance using technical indicators.
- Analysis Section: Check out price changes, liquidity changes, trading volume, and much more over given time periods.
- Insights Section: Access information about holders, top traders, swaps, and pairs.
- Security Report: View a complete security report that helps you determine the legitimacy of a token.
Token Alerts: How to Set Up Real-Time Notifications
We’ll now highlight our Token Alerts feature in action. To do so, we’ll show you how to set up a token price alert in three simple steps:
- Step 1: Go to the ”Alerts” tab and click ”+ Create Alert.”
- Step 2: Select ”Token Alert” and configure the alert based on your preferences.
- Step 3: Click ”Save Token Alert”.
Here’s a GIF showing you how to set up an alert for the Neiro token:
That’s it; we’ll now get real-time notifications whenever the token increases in price by 10%!
Summary: Wallet Profitability Checker – What is a Crypto PnL Checker?
A crypto wallet profitability checker is a tool or platform that allows you to analyze the PnL status of any address. As such, when using one, you get instant insight into a wallet’s overall performance across multiple blockchain networks!
Crypto PnL, short for ”profit and loss,” refers to the net financial outcome of trading positions and investments over time. This metric is calculated by subtracting the cost of buying a token from the revenue gained when it’s sold or its current market value. A positive value means you turned a profit, while a negative value means you made a loss.
The best wallet profitability checker is Moralis, giving seamless insight into the PnL status of any address across all major chains. All you have to do is paste any address in the search bar at the top, click it, and you’re good to go. Doing so takes you to a page that looks like this:
On this page, you can find two key metrics:
- Realized Profitability: Under the ”Trading Stats” section, you can find the realized PnL and realized profit of the wallet.
- Token PnL: Under the ”Tokens” tab, you’ll get the daily PnL status of the tokens a wallet currently holds.
That’s it; when using Moralis’ crypto PnL checker, it doesn’t have to be more challenging than this to get a wallet’s profitability!
Also, if you wish to make the most of Moralis, make sure to sign up for either a Starter or Pro plan. Doing so will give you access to the Money Line Trend Indicator, more narrow filters, and other benefits!
