In the decentralized finance ( DeFi ) space, traders and investors are constantly looking for powerful tools to navigate the complex landscape of decentralized exchanges ( DEXs ).
This is where DEXtools comes into the scene, they are a game-changing DAapp that offers a comprehensive suite of trading and analysis tools for DeFi users. In this guide, we will explore the functions and applications of DEXTools and briefly explain what they are.
What are DEXTools?
DEXTools are decentralized applications ( DApps ) created to provide decentralized finance (DeFi) users with a set of trading tools for decentralized exchanges. It is different and unique.
Because it offers an extensive range of functions like real-time data aggregation and integration with leading crypto projects through multi-swap like Pancakeswap, Sushiswap, and Uniswap. This platform enables traders and users to manage, analyze, and execute trades from a single, easy-to-use interface.
Functions of DEXTools
DEXTools have multiple functions:
Liquidity pool explorer
The liquidity pool explorer is a potent function that enables users to track liquidity movements and create new pools across decentralized exchanges (DEXs). This function is important for identifying potential investment opportunities and it also helps in assessing the stability of different trading pairs.
Trading Analytics
DEXTools offers in-depth trading analytics. It provides users with charts, real-time price data, and trends that are of various cryptocurrencies during that time. Through this feature traders get to make more informed and data-driven decisions.
Trading pair explorer
The trading pair explorer provides live price data and charts to users along with highlighting cryptocurrencies. Through this feature, users discover new tokens and also analyze their performance in real-time.
Price Notifications
Users can set up their own customized price alerts through email, Telegram, and their desktop. Through price notifications, traders never miss any market price fluctuations or movements even when they are not active.
On-chain metrics
DEXTools also provides on-chain metrics which include swaps, wallet tracks, and transactions from whales and other holders. This information can be valuable in understanding market sentiment and potential price movements as well.
Cross-blockchain
Cross-blockchain does a more wide market analysis and supports on-chain analysis along with data from multiple blockchains. Users get more interested as this feature allows them to have information and data about different blockchains.
Large swap explorer
DEXTools have large swap explorers which highlight the significant market traders and alerts the users about market changes.
What are DEXT tokens?
DEXT tokens are the utility tokens of the DEXTools platform. It has multiple uses in the platform like they are used for community participation, membership, access to premium features, and for rewards.
DEXT is a multi-chain token that is built on the Ethereum network hence called an ERC-20 token and it is also made on the Binance Smart chain making it a BEP-20 token as well. This feature allows this token to be used across multiple blockchains. The total supply of DEXT tokens is 150,000,000 and 70% of the tokens are circulating.
How to use DEXTools?
Follow the steps below to use DEXTools:
Step 1: First, you have to link your crypto wallet with DEXTools. This step is very important so do not skip this as you will also get access to features.
Step 2: Once you connect you wallet you will get redirected to a welcome page and you will find free, standard, and premium accounts. Choose the plan you want but to get standard and premium plans you need to have 1,000 DEXT tokens and 10,000 DEXT tokens.
Step 3: After choosing a plan you will see multiple functions or features on your screen like Pair Explorer. You can stay up-to-date about the market changes with these tools and take an informed decision. Set up price alerts to never miss any opportunity related to price changes.
Step 4: To swap your tokens you just have to use the “Multiswap” feature. Select the DEX trading pair you want, enter the amount you want to swap, and then confirm the transaction.
Step 5: Then do the swap of tokens through your wallet. Add and hold the DEXT tokens in your wallet.
DEXTools API
DEXTools API has significantly enhanced access to decentralized finance (DeFi) data. The DEXTool API uses over 80 blockchains and offers data from 10,000 DEXs.
It also provides users with real-time insights into 2 million tokens and liquidity pools. This is the new version of API which was released in December 2023. The main aim of this was to create a comprehensive market for users.
Conclusion
DEXTools has come up as a crucial platform in the decentralized finance ecosystem. It provides multiple tools for crypto investors. By offering easy-to-use features, real-time data, and advanced analytics DEXTools solves major issues faced by DeFi users.
No matter if you are an experienced trader, DEXTools can help you make informed decisions and navigate through complex decentralized finance space.
