DEXTools (DEXT)

What is Dextools?

DexTools provides real-time analytics for trading crypto assets on decentralized exchanges. This is a must-use tool for any trader using the token swap feature on Uniswap or Sushiswap.

What problem was Dextools created to solve?

In the early days, transactions on DEXs were relatively obscure because there was no analytical infrastructure to generate charts or order book depth. Of course, users can track transactions since they are all on-chain transactions. However, it is difficult to filter out relevant information fast enough to have a positive impact on a user's trading strategy. Realizing this problem Dextools has come up with a solution to solve it. Dextools allows users to monitor large spreads across pool pairs, predict market movements by tracking whale wallets, or even warn to copy the most lucrative wallets.

Starting as a base project to oversee IDEX, the project development team quickly grew its followers and focused on supporting various DEXs. Today, the project sees it as an essential hub for DeFi trading, analytics and an official CoinMarketCap partner.

Functions of Dextools

DexTool provides a complete overview of key token analysis to improve users' trading strategies, here are the key features:

Pool Explorer: Easily find trending pools to find gems (tokens or coins with strong future growth potential but low prices) and quickly see the total pool value of a token pair. In addition, users can track the added and removed liquidity, which is a great way to know the gain/loss for the token. In addition, all important links such as the token's Etherscan or Uniswap page are in one place making it easy for users to verify information. There is also a quick link to see if the pool is locked for liquidity via UniCrypt.

Pair Explorer: Track trade history and price action charts in real time, plus keep tabs on your favorite tokens. DexTools also generates scores for token pairs that can help investors avoid obvious scams. Standard and Premium members can also set up decentralized limit orders or use algorithmic trading bots.

Big Swaps: This tool tracks large swaps, aka whale trades. For example, tracking large sell swaps can help users time their buys to catch a drop.

MultiSwap: No need to open multiple browsers and tabs, with DexTools users can interact with multiple pairs on one screen.

Notifications: Price alerts for user's favorite tokens can be sent via computer, mail or Telegram. This is an important tool for improving users' DeFi trading strategies as there are currently no DEXs that support stop-win or stop-loss orders.

Tracking: It is difficult to track a user's position across all Altcoins. Especially if users are buying tokens to move around the pools. DexTools makes it easier for users with a built-in P&L tracking tool for their positions. Having a trading journal is one of the best ways to record trading decisions, hold yourself accountable and improve a user's trading strategy over time.

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