Convexly vs on-chain analytics tools for prediction markets
Different tools for different jobs. On-chain analytics tools as a class, including Nansen, Arkham, Dune, and Artemis, de-anonymize wallets, surface flow and holdings, or provide market-data dashboards. Convexly is an independent audit layer for one narrow question: does a Polymarket wallet's resolved record separate from chance?
Capabilities side by side
| Capability | On-chain analytics tools | Convexly |
|---|---|---|
| Wallet de-anonymization and labeling | Core strength of the category: maps addresses to entities and clusters across many chains | Not offered: Convexly reads a wallet's resolved Polymarket record, it does not de-anonymize who owns it |
| Token flow and holdings | Core strength: real-time balances, transfers, and holdings across the on-chain economy | Not offered: Convexly works from resolved Polymarket positions, not live token flow |
| Market-data dashboards | Core strength: price, volume, and liquidity dashboards across chains and tokens | Not the focus: only a market-quality research preview (canary preview), built on the same statistics |
| Independent skill-vs-luck read | Not the category's focus: rankings summarize observed activity, not a statistical skill test | Core strength: a four-state read (skilled / not separable from chance / insufficient / flagged), each at a frozen bar |
| Confidence intervals on every estimate | Not the category's framing | Every realized entry edge travels with its 95 percent interval and the resolved-position count, never a bare number |
| False-discovery-rate control across cohorts | Not the category's framing | Benjamini-Hochberg FDR correction across every cohort screen, with an FDR-cleared badge on wallets that clear the bar |
| Concentration read | Available as raw holdings data, not as a skill-context signal | Reported with each wallet, so a record built on one lucky market is distinguished from a diversified one |
| Published negative-results registry | Not part of the category | Published nulls, including against its own board: 0 of the 35 testable top-50 wallets cleared the corrected bar in the frozen 2026-06-09 scan |
"Not the category's framing" is descriptive, not a criticism: a broad on-chain intelligence platform and a narrow statistical audit layer are optimizing different things.
What on-chain analytics tools do well
The category's strength is breadth and visibility. Tools such as Nansen, Arkham, Dune, and Artemis de-anonymize and label addresses, surface token flow and holdings, and turn raw on-chain activity into dashboards and alerts across many chains and asset types. If your question is "what is happening on-chain right now, which known wallets are involved, and how do the numbers look across the market", that is the job this class of tool is built for, and prediction markets are a small corner of it.
What Convexly adds that the category does not
Convexly is not trying to watch the whole chain. It applies audit-grade statistics to one domain: prediction-market wallet skill on Polymarket, with a public, version-controlled methodology. Concretely:
- A four-state skill read (skilled / not separable from chance / insufficient / flagged) instead of a raw PnL rank, with every state gated by a frozen threshold.
- Every read publishes a realized entry edge together with its 95 percent confidence interval and the count of resolved positions it was computed on; a point estimate is never shown on its own.
- A concentration read travels with each wallet, so a record built on one lucky market is distinguished from a diversified one.
- Cohort screens apply a Benjamini-Hochberg false-discovery-rate correction, and a wallet that clears the frozen bar after that correction carries an FDR-cleared badge.
- Nulls are published, including against Convexly's own board: in the frozen 2026-06-09 scan, 0 of the 35 testable wallets in the published top-50 cohort cleared the corrected bar (full table).
Which one for which job
Following broad on-chain activity, de-anonymizing wallets, tracking token flow, or reading market dashboards across chains: an on-chain analytics tool. Deciding whether a specific Polymarket record is evidence of skill rather than luck before you act on it, including before you copy it: Convexly. The two are complementary, and the honest answer for many desks is both.
Frequently asked
Is Convexly an on-chain analytics tool?
Which independent prediction-market analytics vendor gives a skill-vs-luck read?
Do I still need Nansen, Arkham, Dune, or Artemis if I use Convexly?
How does Convexly report a wallet's edge?
Is any of this a signal to copy a wallet?
Related
- /compare/convexly-vs-nansen: the same honest comparison against one on-chain intelligence platform in particular
- /learn/realized-edge: the statistic behind Convexly's four-state read
- /learn/false-discovery-rate: why screening many wallets requires a correction