DEXTools: How Can It Improve Your Trading Experience

Despite facing challenges like low liquidity, recovery ability, and network congestion, DEXs have transformed centralized banks. DEXTools is a platform designed to help users navigate the DeFi market, providing real-time market data and analytics.

The platform aggregates siloed data across exchanges and networks, ensuring transparency and accessibility for traders.

Read the article and find out how DEXTools steers DeFi into a new era of efficiency through data democratization, ensuring transparency and accessibility for traders.

Key Takeaways

• DEXTools is a platform that consolidates market data and integrates them into one interface.
• To access the platform, you have to connect your Web3 wallet to it.
• The platform has a lot of perks, such as asset management and token evaluation.
• The platform offers various benefits, such as accurate pricing for tokens, but also has some downsides.

Explaining DEXTools

DEXtools is an application and ecosystem that provides information and clarity in the DeFi markets.

It addresses the challenges faced by traders and investors in the DeFi space, such as fragmented data, obscure liquidity insights, and rapid price changes. The platform consolidates market data, such as crypto market trends and analytics, from various DEXs and integrates them into a single user-friendly interface offering a 360-degree view of the DeFi market.

The platform was founded in 2020 by Javier Palomino and Pablo Ojanguren, who gathered a team of technology and design experts to develop a user-friendly platform that offers analytics and data tools to help traders manage DeFi’s volatility.

At the date of launch, it had 200 million tokens in its public beta. However, 50 million tokens were burned, leaving 150 million DEXT from subscription tokens. 

DEXTools integrates with leading crypto market players like SushiSwap, Uniswap, and PancakeSwap, allowing users to stake ERC-20 and BEP-20 tokens or swap them within the platform’s safe environment. The DEXTools API (V2) enhances access to DeFi data, supporting over 80 blockchains and 10,000 DEXs and protocols. It offers real-time insights into 2 million tokens and liquidity pools, including prices and metrics. 

The core functionality of the analytical platform focuses on advanced analytics, charts, and tools to enhance trading efficiency.

Fast Fact

DEXTools reached its all-time high on January 12, 2021, when DEXT’s price reached $0.7858 USD.

How It Works

DEXtools provides traders with valuable insights into various tokens by ranking them based on various data and allowing the community to rank them. 

It enables traders to navigate decentralized networks and perform atomic token swaps directly by clicking the ‘Multiswap’ button. Users can access DEXTools on any device, save data, set up live notifications, and create unique trading strategies for maximum profitability.

To access DEXTools, connect your Web3 wallet and navigate to the welcome screen. There are three user accounts: free, standard, and premium. To upgrade to the standard or premium plan, you have to hold 1,000 DEXT and 100,000 DEXT, respectively.

The free program includes basic functionalities, but subscriptions provide additional benefits. Thus, the standard plan users can access the DEXT Force Discord channel, 12 hot pairs, price notifications, and wallet and trade information, while premium users get the DEXTShare reward program, 15 hot pairs, faster updates, price alerts, and access to DEXTForce Ventures, among other innovative features.

The left navigation menu offers access to various tools, including Pair Explorer, which helps monitor trading pair performance and identify investment opportunities. The “DEXTool interface” allows users to stay updated on market trends and make knowledgeable conclusions. To swap tokens, use the “Multiswap” feature and choose a DEX. 

You can also customize alerts for specific tokens to receive forewarnings about significant market activities, ensuring they never miss crucial changes.

Key Features of DEXTools

Here are some key benefits that DEXTools offers to its users.

DEXTools Chart

Dex Tools offers market data and charts for various DEXs and tokens, enabling users to track price movements and analyze market trends. It allows traders to input token contract addresses, access detailed asset information, and create up to ten charts for different token pairs.

Big Swap Explorer

This feature analyses the wallet addresses of traders, detecting significant digital asset movements and alerting users to market dynamics shifts. In other words, it tracks crypto whales, who can manipulate markets and help catch dips. Real-time monitoring of large transactions by whales can significantly influence market sentiment and price directions, with a whale’s buy order signalling price increases or potential drops.

Trading Pair Explorer

The platform offers detailed trading pair information, including price changes, volume, and historical performance. The pair explorer feature generates a score for token pairs to avoid scams. Users can set up decentralized limit orders or algorithmic trading bots, and the platform provides price data and market cap data.

Token Evaluation

The DEXTools Score is a tool that evaluates tokens based on liquidity and trading volume, enabling users to identify high-quality projects and save time and effort in research, focusing on those with the best growth potential.

Multiswap

The platform enables users to interact with multiple cryptocurrency pairs on a single screen, enhancing the accessibility of its tools and improving market interactions. Multiswap operates on multiple DEX portals, accelerating swap times and allowing users to access multiple trading pairs on a single screen.

Asset Management

The venue enables traders to manage assets, perform transactions, track cryptos, follow real-time trends, and conduct research based on provided data, allowing them to discover market trends and market movements.

Liquidity Pools Explorer 

This attribute offers traders insights into liquidity pools, allowing them to assess market depth and stability. It helps identify trending pools and monitor liquidity trends for a better understanding of potential tokens’ impact and finding a safer investment opportunity. The feature also provides links to token explorers and DEX pages, making data verification easier. 

Price Notification

DEXTools provides a price alert feature for users’ favorite tokens, enabling them to improve their crypto trading strategies. The platform aggregates on-chain data to generate accurate signals about asset price changes, allowing traders to make correct trading decisions. 

P&L Tracking

The platform offers a profit and loss tracking feature that simplifies the process of monitoring users’ positions across all altcoins. This feature creates a trading journal, allowing users to document transactions and analyze the collected information to improve their trading strategy over time.

Order Book And Portfolio Tracking

The platform offers users tools to monitor liquidity across various DEXs, analyze order book data, and track portfolio performance, providing valuable insights into market conditions and trends.

How to Stay Ahead with DEXTools

DEXTools is a platform that simplifies DeFi trading by offering atomic swaps and extensive tools for traders. It integrates with multiple blockchains and exchanges, providing access to a wide range of trading options. Real-time analytics are crucial in the rapidly evolving DeFi market, providing detailed insights into token pairs, trading volumes, and liquidity pools.

The platform helps liquidity suppliers optimize capital allocation and amplify returns by tracking metrics and performance indicators. By leveraging DEXTools’ features, users can stay ahead of market trends and move forward with their investment strategies.

DEXTools enables users to perform atomic swaps of tokens directly on the platform by selecting a trading pair and DEX. Users can connect their wallets to the chosen decentralized exchange and open a DEXTool price chart on any available trading pair. 

The charts on DEXTools are sourced from TradingView, a leading platform for chart analysis.  It is also possible to store and pass along the info you discover on social media. To utilize DEXTools, users are required to link their wallets to the platform and authenticate their ownership of one of the eligible wallets.

Benefits of DEXTools

The ecosystem works on a subscription basis. The free subscription provides such basic features as real-time data, 10 favoured pairs, charting tools, pool and pair explorers, price signals, top 10 hot pairs, and an aggregator. 

The Premium plan offers enhanced features such as a big swap explorer, the ability to open multiple swap windows, a tool to track a trader’s positions, trading analytics, a wallet tracker, and price alerts on desktops and certain apps.

The absence of advertisements is one of the highlights of this plan, which also includes the top 15 hot pairs, DEXTForce ventures, and upcoming functionalities. Additionally, it includes limit orders and trading bots, as well as entry to the DEXTForce Premium Discord. Take advantage of these capabilities to seek out superior trading alternatives, oversee large transactions, monitor your wallets, employ Multiswap, and execute trades within the app.

DEXTools offers accurate pricing for tokens, allowing traders to trade with confidence and avoid heavy fluctuations. The platform also features trending coins, providing a useful tool for hopping on the next trend or monitoring current money flow. To access charts and tokenomics for a specific token, users can enter the token’s name or contract address in the search bar. 

Transaction overviews provide details about buy and sell orders, wallet addresses, and token amounts. DEXTools transactions are recorded on the blockchain and displayed in real-time, allowing users to track buy orders and whales’ buying and selling activity, as well as check their own transactions. It is essential to use the correct name and address to avoid fake and fraudulent tokens.

DEXTools aims to be the standard for insights, trading capabilities, cross-platform interoperability, consumer protection, and crypto education. However, it has potential technical limitations and market risks. Thus, real-time data can lead to missed opportunities or significant losses, while overconfidence can encourage riskier trades. 

DEXTools’ data accuracy is also a concern, as the decentralized nature of its sources may cause discrepancies or delays, potentially misleading users into making ill-informed decisions. The DEXT token’s value can fluctuate widely due to market trends, regulatory news, or changes within the DEXTools platform. Users should be cautious when using DEXTools to avoid potential losses.

DEXTools’ Token

DEXTools DEXT is a multi-chain token that exists on the Ethereum network and Binance Smart Chain. The current token price is $0.5, with the highest price paid being $0.9, almost double its current price. DEXT’s tokenomics include an initial supply of 200 million tokens, 100 million coins set aside as team funds, 50% of team funds burnt, and 10% of subscription fees burned each month.

DEXT is available for trading in most decentralized markets, with Uniswap having the highest trading volume. 

The DEXTools’ native utility token allows users to access exclusive DEXTools features, access DEXT Force Ventures, and participate in the DEXTShare reward program and airdrops. Premium members can earn tokens through the DEXTShare reward program, which generates over $5 million in monthly airdrops.

The DEXT token’s value is expected to appreciate due to its deflationary supply, which is guaranteed by token-burning events. It can be bought in exchange for Wrapped Ethereum or USDT stablecoin. 

DEXT ranks 681 on CoinMarketCap and has a total circulating supply of 98,053,798 coins. 

DEXTools’ Future

DEXTools is gaining popularity in the DeFi sector, offering innovative market trends analysis for crypto token traders. It aims to do the same for DeFi as cryptographic networks do for transferring value and information. 

If DEXTools maintains accuracy and decentralization, it could become a popular tool in the crypto space. However, the token’s value could potentially crash if the platform offers poorer services. As the DeFi space evolves, DEXTools is expected to introduce new enhancements, so users should stay updated. 

The DEXTools Academy pages and YouTube channel provide excellent resources for tutorials and updates. Overall, DEXTools is an essential tool for traders and liquidity providers in the DeFi market.

DEXT, a utility token, has the potential to grow in value due to its active burning mechanism and deflationary nature. The DEXTools protocol provides a real-life supply and demand dynamic, making it a potential long-term growth asset. However, ongoing research on DeFi, DEXs, and DEXTools platform developments could significantly impact the coin’s future.

Final Thoughts

DEXtools is a DEX platform anchored by blockchain technology that offers a structured approach to information. It simplifies complex processes and eliminates middle parties, allowing for transparent transactions and clear data structures. As a community-driven platform, DEXTools delivers robust free services without subscription fees, focusing on channeling value back to users. 

The platform also offers passive income prospects for premium members, rewarding engagement with user-friendly airdrops. This deflationary model empowers everyday users and maintains a sustainable and equitable model for DeFi by prioritizing the community of token holders and platform contributors. By concentrating on the community, DEXTools ensures a more efficient trading experience for DeFi users.

FAQ

Is DEXTools an exchange?

No. DEXTools is an analytics platform providing insights and data for DeFi markets. It helps analyze trading activities on various decentralized exchanges but does not offer direct trading services.

Why should I use DEXTools?

With the DEXTools app, you can get information on token pairs across various blockchains and DeFi protocols, valuable insights, and up-to-date knowledge on new token pairs and exchange activity.

Is DEXTools free?

DEX Tools.io offers basic features for free, including real-time market data, charts, and order book tracking. However, some advanced features require a subscription.

How do I trade on DEXTools?

DEX Tool enables users to perform atomic token swaps directly on the platform by picking the desired pair and DEX on the “Multiswap” tab.