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.
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)
Resource A — Etherscan (Primary Data Source)
Sample Etherscan wallet data page:
Core Dataset — 15 ETH Wallets
| Wallet
The Ether Wallet Address. Matters because it is an unique on chain identifyer.
|
Created
The Time this Wallet is Created. Matters because older wallets indicates established history and reputation.
|
Most Recent Tx
The Most Recent on Chain Transaction. Matters as recency is a strong signal of current activeness.
|
Tx Count
Total Numbers of Transactions. Matters because transaction amount measures breath of on chain behavior.
|
ETH Balance
The Current ETH Amount in the Wallet
|
Total $ Transferred
The Total Amount of USDT Valued ETH Transferred
|
|---|---|---|---|---|---|
| 0x109BE9d7…aea9 | 304 days ago | 15 hrs ago | 222 | 270,907.53 | $1,825,323,779 |
| 0x1294c744…2b25 | 2 yrs 150 days ago | 129 days ago | 2 | 523.106 | $2,467,581 |
| 0x31518AD8…a15E | 2 yrs 240 days ago | 3 days ago | 81 | 503.123295 | $826 |
| 0xB2D8703c…eD5B | 6 yrs 222 days ago | 4 years and 42 days ago | 27 | 500.71964 | $3,263,130 |
| 0x281055af…cb16 | 2 yrs 56 days ago | 28 hrs ago | 576 | 34.968514 | $231,925 |
| 0xdadB0d80…3711 | 308 days ago | 12 secs ago | 1,094,218 | 34.54795 | $156,434,826 |
| 0x1b3cb81e…a7c2 | 5 yrs 14 days ago | 2 days ago | 427 | 18.744 | $1,832,773 |
| 0x39634336…Aa49 | 1 yr 69 days ago | 1 min ago | 128,349 | 9.3368 | $82,260 |
| 0x829BD824…A830 | 6 yrs 117 days ago | 11 days ago | 976 | 2.473808 | $466,871 |
| 0x66f820a4…2054 | 5 yrs 88 days ago | 3 years and 23 days ago | 9,123 | 2.001 | $78,221,392 |
| 0x2675aa14…aC68 | 1 yr 310 days ago | 3 hrs ago | 88 | 0.98765 | $68,221 |
| 0xD172cC66…AE5A | 49 days ago | 5 mins ago | 5,279 | 0.1906 | $1,253 |
| 0x1383479d…E954 | 273 days ago | 7 hrs ago | 460 | 0.09999 | $753 |
| 0x61edcdf5…edbe | 3 yrs 11 days ago | 9 hrs ago | 1,118 | 0.0042 | $112,340 |
| 0x985fa875…C3EC | 1 yr 273 days ago | 7 hrs ago | 12 | 0.000056 | $3 |
Side by Side Analysis (How to Use & Insights)
For DID platforms, SocialFi teams, and potential buyers/airdrop allocators, activity-based analysis provides a clearer signal than balances alone. Measuring usage frequency, recency, and breadth of interactions helps distinguish active users from dormant addresses. Data for each account can be pulled from the Etherscan API, compared across different wallet groups, and fed into ranking/eligibility algorithms.
From the data, we could gain the knowledge:
- High balance ≠ high value. A wallet with a large balance might be inactive. In that case, it contributes little to a community, and airdrops to such wallets may not drive engagement, even if the wallet has a high net worth.
- High activity correlates with higher value. An address that transacts frequently, regardless of its current balance, indicates real usage (excluding obvious custodial/exchange smart-contract wallets). These are stronger candidates for airdrops from NFT/GameFi projects and tend to score better on SocialFi/DID ratings.
- Signals of Reputation. As mentioned before, in Web3 a wallet functions like a passport or social profile. Many DAOs and SocialFi platforms care more about identity and contribution than pure capital (just like some clubs in our real world). Activities metrics and history help surface reliable contributors and participants in Web3 communities.
Resource B — Opensea
Data fields per wallet:
NFTs, NFT Values, Portfolio Values, Transaction History
How to Use & Insights
Since NFTs are a vital part of the Ethereum ecosystem, an account's NFT portfolio is just as important as its ERC-20 balance. By examining the NFT page, we can gain true insights into whether the account is run by humans or not. Many ETH accounts are smart contract accounts or wallet storage for large corporations, but only personal accounts with active engagement in the community will own NFTs. Thus, this not only provides more insight into how active a wallet is on-chain but also whether it is human or not.
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.