Address monitoring bots are automated tools designed to track on-chain transactions and activities. For instance, by monitoring wallet addresses, they convert real-time token transaction data into readable formats for users. This guide explores how to leverage Tokenview's APIs to build such a bot efficiently.
What Is an Address Monitoring Bot?
An address monitoring bot is an automated system that:
- Tracks wallet activity (e.g., deposits, withdrawals).
- Alerts users to specific transactions.
- Transforms raw blockchain data into actionable insights.
For developers, building such tools from scratch can be complex and resource-intensive. Tokenview simplifies this process by providing ready-to-use APIs and node services, eliminating the need to maintain private blockchain nodes.
Tokenview Address Monitoring: Key Features
Tokenview’s Address Monitoring API offers:
- Real-time JSON-formatted alerts via Webhook.
- Coverage for 120+ blockchains, including BTC, ETH (ERC-20), TRX (TRC-20), and more.
- High accuracy and stability for tracking whale movements or investor trends.
👉 Explore Tokenview’s blockchain APIs
Step-by-Step Guide to Building Your Bot
Step 1: Create a Tokenview Account
- Sign up at Tokenview’s developer portal.
- Access RESTful APIs without running your own nodes.
Step 2: Configure Your Webhook URL
- Log in to Tokenview’s API dashboard.
- Navigate to Address Monitoring > Settings.
- Add your server’s URL to receive push notifications.
Note: Incorrect URLs will block transaction alerts.
Step 3: Add Addresses to Monitor
- Select a blockchain (e.g., BTC, ETH).
- Input target wallet addresses (supports batch uploads).
Step 4: Retrieve Balance & Transaction Data
When a monitored address executes a transaction, your Webhook receives:
address: Wallet involved.txid: Transaction hash.value: Amount transferred.token_details: For ERC-20/TRC-20 transactions.
Step 5: Transform Data for User Readability
Convert API responses into user-friendly formats:
- Example:
"Address bc1qmpha0v5whv483qjnvqrcxgpfupt0zxhgkgtxly sent 41 BTC to bc1qw... (TxID: 5c22af60886b...)."
Use Cases for Address Monitoring Bots
- Crypto Projects: Track treasury movements.
- Investors: Monitor whale wallets.
- Exchanges: Detect suspicious transactions.
👉 Boost your bot with Tokenview’s API
FAQ
Q1: Is Tokenview’s API free?
A: Tokenview offers tiered plans, including a free tier with limited requests.
Q2: Which blockchains are supported?
A: BTC, ETH, TRX, LTC, BCH, DOGE, and 100+ others.
Q3: How fast are transaction alerts?
A: Near real-time (1–3 seconds delay).
Q4: Can I monitor smart contracts?
A: Yes, for ERC-20/TRC-20 tokens.
Q5: What programming languages work with Tokenview?
A: Any language supporting HTTP requests (Python, JavaScript, etc.).
Final Tips
- Use Markdown tables to organize transaction data.
- Avoid keyword stuffing; integrate terms like "blockchain monitoring" naturally.
- Expand your bot’s features with analytics dashboards or Telegram/Twitter integrations.