In a market that never sleeps, new tools are emerging to assist customers in locating new opportunities, tracking their investments more conveniently, or having a better understanding of their sector.
In this article, we’ll introduce you to the Dex Screener and additional tools that can make your time in the cryptocurrency world easier.
What Is a DEX Screener?
DEX Screener is a tool that lets users filter and examine digital assets on decentralized exchanges (DEXs).
In the field of decentralized trading, it facilitates informed decision-making by providing real-time data on many cryptocurrencies, including price changes, trading volumes, and other relevant indicators, all presented in an intuitive and well-organized interface.
Therefore, you can follow your preferred cryptocurrencies in real-time with DEX Screeners, from well-known coins like Ethereum (ETH) or Binance Coin (BNB) to more recent coins that aren’t yet listed on conventional platforms like CoinMarketCap or CoinGecko.
Why Is DEXScreener.com so Popular?
Although there are several dex screeners on the market, DEXScreener.com is the one most cryptocurrency enthusiasts use, and there are a few strong reasons for this:
- A user-friendly interface with a wealth of helpful information that is readily accessible, especially for someone with little to no previous experience with this type of application.
- For a more personalized experience, you can customize the site’s look and charts to fit your preferences.
- Users are not limited to using only coins from well-known blockchain explorers like Ethereum, Binance Coin, or Polygon; instead, they can investigate a multitude of explorers.
How to Use DEX Screener?
1. Choose the DEX Screener that best fits your needs
Every DEX Screener that can be found online has special features and advantages of its own. Select a DEX Screener based on your trading preferences and objectives.
We have selected the DEXScreener.com platform for this instruction to swiftly expose you to the use of a DEX Screener.
2. Become familiar with the user interface
Typically, a DEX Screener provides a dashboard with the most recent information on different cryptocurrencies. Make yourself familiar with the various metrics and features that are available to you. Let us examine some of DEXScreener.com’s most salient details and features.
DEX Screener Charts
Click on the token or the appropriate pair to view the available charts. If you are having trouble finding it quickly on the main page, you might try using the “search” option. Enter the desired address, pair, or token there.
Once your chart shows up, you can examine the trend your selected coin is following.
Additionally, you can get details on token price, liquidity, fully diluted valuation, market capitalization, and other topics on the right side of DEXScreener.com. You can create price alerts by clicking the designated button on the right. If you do so, the alert will also show up in the menu on the left.
MultiCharts
While we’re talking about charts, don’t forget about the MultiCharts function. You can make a customized dashboard using MultiCharts, which will let you analyze price changes and spot trends in the cryptocurrencies you want to trade.
Trends
The Trends tab provides a thorough analysis of the market’s trading pairs based on their pricing and present performance. By customizing your search with adaptable filtering options, you can quickly and insightfully gain an overview of the crypto industry and the particular trends that interest you.
You have the option to filter by:
Trend Type: See a summary of price adjustments, new listings, volume growth, and other information.
Platform: Check out the latest trends for well-known platforms including Solana, Ethereum, Aptos, and more.
Time Frames: Choose from 5 minutes, 1 hour, or 24 hours to explore the trends across various time frames.
New Pairs
With the new pairs tool, you can find the most recent pair listings on various exchanges. The data is displayed based on a number of factors, such as the name of the pair, its current price, how long it has been listed, traded volume, market liquidity, and more.
Gainers & Losers
You can use this feature to find influential people in the token industry on a particular network. With the “Rank and Filter” option, you can customize your search results according to several important factors, such as:
- Rank
- Liquidity
- FDV
- Pair Age
- Transactions, etc.
3. Keep track of your trades
You can track your trading actions with a DEX Screener as well. Use it to keep tabs on your investments, record your gains and losses, and modify your plan of action as necessary.
Other DEX Scanner Tools
As one might expect, DEXScreener.com is not the only tool available on the market for tracking your preferred tokens, staying informed about newly minted coins on a daily basis, or even just seeing stunning charts customized to your preferences.
No, there are plenty of substitutes for DEX Screener. Here are a few of the most popular ones:
DEXTools
DEXTools.io is one of the earliest products of this type on the market. DEXTools.io gives you access to a ton of great benefits like:
- Ads-free
- You can see high-demand tokens
- The ability to add more tokens to your favorite list for easier monitoring
- The potential to track profits and losses
- And many more great features
DexGuru
Though it was maybe the first tool to track tokens generated on a particular coin block explorer, Dex Guru is still relatively young and a competitor of DEXTools.io.
Although it has the same options as other tools, this one stands out from the others because of its sleek, user-friendly design. At the same time, the capability to view the entire liquidity supplied by an address in various coins helps monitor the recent activities of the whales.
CoinMarketCap’s DEX Scanner
The DEX Scanner from CoinMarketCap, a reputable website in the cryptocurrency space, is another really useful tool that you can use to keep track of your preferred pairs and market moves.
After being acquired by Binance, the team at CoinMarketCap has increased the number of features available. These features now include an ICO calendar, a blockchain explorer, a portfolio tool that lets you monitor the profitability of your investments, and more.
Conclusion
DEX Screener is fantastic is a great tool for anyone searching for a free and user-friendly application to source data across numerous blockchain networks. The site is a great resource for novice and seasoned investors equally because it is user-friendly and offers several clear features.
