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Parsing Token Program Transactions

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I'm currently working on monitoring the Solana Token Program with the address TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA.

My goal is to filter out specific events, namely Token Mints, Token Burns, New Pools (initializeAccount), and Liquidity Addition/Removal.

I'm exploring the optimal approach for reading the instructions and extracting information invovled such as token mints and the associated amounts.

Is going the Anchor route by fetching the IDL of the program and parseing a possibility?

I'm curious about the methods used by projects like Helius/Shyft to effectively parse this data.

Could anyone provide insights or guidance on the most efficient and accurate approach to achieving this task? 🙏

TIA 🤝


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