> For the complete documentation index, see [llms.txt](https://trenchexchange.gitbook.io/trench-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://trenchexchange.gitbook.io/trench-docs/terminal-guide/alpha.md).

# Alpha

### KOL Streams

KOL Streams track activity from a curated set of **400+ influential wallets** — traders who consistently move early and shape narratives.

Instead of guessing what’s trending, you see **where attention and capital are forming**. When multiple KOLs align, it often signals the start of momentum — giving you a chance to position before the crowd.

### Smart Wallet Streams

Smart Wallets are Trench’s **proprietary selection of high-signal wallets**, dynamically ranked based on performance.

These wallets are continuously evaluated using **win rate, PnL, consistency, and early entry behavior**, ensuring you’re always tracking wallets that are **actually performing now — not historically**.

***

#### How it Works

{% tabs %}
{% tab title="Live Transactions (LHS)" %}
Real-time feed of wallet trades.

* Sub-200ms latency
* Continuous updates
* Buy/sell visibility
  {% endtab %}

{% tab title="Token Concentration (RHS)" %}
See where capital is clustering.

* Sort by inflow
* Sort by wallet count
* Identify accumulation
  {% endtab %}
  {% endtabs %}


---

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