What is DEXTools? A Must-Read for DeFi and Crypto Traders

What is DEXTools? A Must-Read for DeFi and Crypto Traders

Did you know that DEXTools allow investors and traders to make better decisions based on the real-time data provided? Thanks to its advanced charting tools and seamless trading experiences on Binance Smart Chain and Ethereum, DEXTools is the world's leading DeFi app for traders on cryptocurrencies.

Join us as we take a look at DEXTools, features of DEXTools app, use cases within the DeFi market, and how you can use the DEXTools academy to access premium features for cryptocurrencies and DeFi.   

What Is DEXTools?

DEXTools is an analytics platform in decentralized finance that shows real-time charts from different DEX. Traders can use these trading tools to track, analyze, and perform trades effectively based on the comprehensive analytics in the DeFi space. 

Blockchains like Solana, Ethereum, and Binance Smart Chain are supported within the DEXTools ecosystem, making it a valuable tool for exclusive access into technical analysis and insights into liquidity for traders in DeFi projects.   

Key Features of DEXTools

Within the DeFi ecosystem, the trading app has the following features: 

1. Pair Explorer

The Pair Explorer provides in-depth data of trading pairs like transaction history, price charts, trading volume, and liquidity metrics. This feature allows traders to evaluate the stability and performance of specific token pairs before investing in it or making any decision.   

2. Pool Explorer

Traders can use Pool Explorer to monitor liquidity pools in different DEXs, gaining information into volume, total liquidity, and the number of transactions. This insight is important for liquidity providers who want to minimize risks and increase returns in the huge community.   

3. Big Swap Explorer

This tool tracks large transactions conducted by whales, offering visibility into major market movements that can influence the prices of token in DEXes.    

4. Multiswap

Multiswap allows users to perform trades at the same time in multiple DEXs, making sure that they can get the lowest slippage and best prices. By linking to different liquidity sources, traders can efficiently optimize their swap strategies.  

5. DEXTboard

The DEXTboard shows tokens that are trending, newly listed pairs, top losers and gainers. With this feature, traders can leverage potential opportunities when trading DeFi in real-time  

The Role of the DEXT Token

The DEXT token is the utility token of the DEXTools platform, offering several functions like participating in governance, unlocking premium features, and gaining access to exclusive groups like DEXT Force Ventures.

Furthermore, the token runs on Binance Smart Chain (BEP-20) and Ethereum (ERC|-20_ networks. DEXTools uses a deflationary structure by burning a percentage of the token every month, with the aim of increasing the value of the token over time.  

How to Use DEXTools in Crypto

1. Connect Your Wallet: Start by connecting the DEXTools platform to a cryptocurrency wallet like MetaMask or Phantom.  

2. Explore Token Pairs: Use the Pair Explorer to evaluate certain trading pairs, analyze price trends, and liquidity data.  

3. Monitor Liquidity Pools: Use the Pool Explorer to monitor the performance and health of different liquidity pools.  

4. Set Price Alerts: Configure alerts to get notification on major price movements or when a certain condition is met.   

5. Execute Trades: Leverage the Multiswap feature to execute trades in multiple DEXs, to optimize minimal slippage and pricing.  

Benefits of Using DEXTools

1. Real-Time Market Data: DEXTools offers live data from various DEXs like Uniswap, PancakeSwap, and SushiSwap. This allows traders to instantly monitor token price volume, movements, and liquidity without delay.  

2. Advanced Trading Analytics: Features such as Pool Explorer and Pair Explorer provide in-depth information into liquidity pools and trading pairs. Users can analyze transaction data, historical charts, price impact, and slippage for making better trading decisions.   

3. Whale Tracking and Big Swap Alerts: Users can use the Big Swap Explorer to stay ahead with the latest technology, market trends, and large transactions in multiple decentralized exchanges.   

4. Multiswap Functionality: You can trade tokensacross different DEXs from a single interface. Multiswap finds the lowest slippage and best routes automatically, helping you to increase your trading efficiency.   

5. User-Friendly Interface: The platform is created to be user-friendly for experts and beginners. Thanks to its clean visuals and intuitive dashboards, users can instantly access important metrics without being overwhelmed.    

6. Token Discovery: Trending tokens, newly listed projects, and top gainers/losers can be seen through the DEXTboard. This information gives users the early access to investment opportunities before they are public.   

7. DEXTools Premium Access: By being a holder of DEXT tokens, you can gain access to premium features like advance search filters, price alerts, early access to partner tokens, private DEXT group, and so on. 

8. Cross-Chain Compatibility: DEXTools is compatible with more than 90 blockchains such as Ethereum, Solana, and Arbitrum, allowing users to manage analytics and trades across several ecosystems from one place.  

9. Community-Driven and Transparent: DEXTools and DEXScreener is constantly growing because of the feedback from its community. The platform promotes transparency in tokenomics and constantly updates features based on the community.   

10. Integration with Wallets: DEXTools are compatible with WalletConnect, MetaMask, and Trust Wallet, making it easy for users to securely track and trade without giving up ownership of funds.   

Trading and Best Practices as a Token Creator

1. Provide Liquidity and Monitor Pool Health

Liquidity is the driving force of any token. Slippage becomes high and users cannot trade easily without liquidity. As a token creator, the best practices to follow include:   

• Launch your token with an adequate liquidity pool (usually paired with ETH, BNB, or USDC).

• Use the Pool Explorer to track total volume, liquidity, and pool growth over time.  

• Stay away from suddenly pulling liquidity because it can destroy visibility and community trust.   

2. Verify and Update Token Information

A token that is well-presented with correct data can build legitimacy for creators.  

• Apply to get a DEXTools token verification badge to show your links, logo, and correct information of your token.    

• Update your social links, website, metadata, whitepaper, and tokenomics.  

• Take advantage of the DEXTools Ads and Promoted Pools feature to get visibility in trending sections. 

3. Enable Community Alerts and Analytics

This is an important practice because it allows investors to feel secure and informed.  

• Encourage your token holders to use DEXTools for setting price alerts and monitoring buy/sell transactions.   

• Use the Big Swap Explorer to monitor whale movement on your token and transparently communicate about market movements.   

• Share your DEXTools chart link in your social channels like Telegram, Discord, and Twitter communities for easy access.

4. Avoid Common Red Flags

Transparency is vital for long-term growth and avoid common red flags with the following practices:  

• Don’t renounce ownership of smart contracts too early, do it only after adequate testing and community trust.

• Avoid setting high taxes (buy/sell fees). If you must, explain the purpose clearly (e.g., for liquidity or marketing).

• Keep your contract open source and audited to prove transparency and security.  

5. Use DEXT Token to Boost Your Project

Holding DEXT tokens as a project founder provides you with insider tools and access to stay competitive in the DeFi space.  gives you insider access and tools to stay competitive.

• Use DEXT Premium to monitor tokens of competitors and set up alerts  

• Join the private groups like DEXT Force Ventures to share insights, network, and get support from other founders.  

6. Track and Respond to Market Sentiment

Early detection of FUD (fear, uncertainty, doubt) or hype can help you pivot your strategy.

• Use the Pair Explorer to monitor volume spikes or drops 

• Watch for abnormal activity in the Big Swap Explorer.

• Engage your community with transparency if you detect sudden rumors or selloffs o 

Check out this YouTube crypto video for learning about the standout features of DEXTools: The Quick and Complete DEXTools Tutorial for 2024

Conclusion

DEXTools stands out as a comprehensive solution for DeFi traders seeking to navigate the decentralized market landscape effectively. With its robust set of tools, real-time data analytics, and user-friendly interface, DEXTools empowers users to make informed trading decisions, monitor market trends, and optimize their strategies across multiple blockchain networks. Whether you're a novice or an experienced trader, integrating DEXTools into your trading toolkit can significantly enhance your DeFi trading experience.

Also Read: Crypto Portfolio Allocation to learn how it can boost your assets

Frequently Asked Questions (FAQs)

1. What is DEXTools used for?

DEXTools is used for analyzing and tracking real-time data from decentralized exchanges, allowing traders to make informed decisions by providing insights into trading pairs, liquidity pools, and market trends.

2. Can I trade directly on DEXTools?

Yes, DEXTools enables users to execute trades directly through its multi-swap feature, which connects to various DEXs, facilitating seamless token swaps.

3. Is DEXTools free to use?

DEXTools offers both free and premium subscription plans. While many features are accessible for free, holding DEXT tokens or subscribing unlocks additional advanced tools and analytics.

4. How does the DEXT token benefit users?

Holding DEXT tokens grants users access to premium features, participation in governance decisions, and exclusive trading groups, enhancing their overall experience on the platform.