DEX Screener Review 2023 – Pros & Cons

2. DEX Screener Review1

If you’re looking for a review of Dex Screener, then you’ve come to the right place. The available blockchains and DEXs, trading pairs, features, cost, and advantages and disadvantages of Dex Screener will all be thoroughly discussed in this article.

DEX Screener is a tool that helps investors research and find information on digital assets on Ethereum, Avalanche, Optimism, Arbitrum, Binance Smart Chain, and numerous other networks. A price tracker, swap feature, news aggregator, and tools for market analysis are among the features available on the platform.

  • Official Twitter: DEX Screener Twitter
  • Official LinkedIn: DEX Screener LinkedIn

This review will give you a general overview of the Dexscreener.com platform, its main features, costs, and the people who created the well-liked on-chain tracking tool.

What is Dex Screener?

Dex Screener is an effective and free cryptocurrency analysis and screening tool that enables crypto investors to examine assets across numerous decentralized exchanges (DEXs) and networks, including Ethereum, BSC, Polygon, Avalanche, Fantom, Harmony, and more.

The platform offers comprehensive details on more than 1,200 tokens and coins, including their price, market cap, 24-hour volume, circulating supply, and more. Dex Screener also provides users with a variety of charting tools to aid in the making of well-informed investment choices.

Some highlights of Dex Screener include:

  • Insane selection: More coins, blockchains, and Dex’s to explore than any other crypto screener (there are 43+ blockchains with over 1200 coins available and thousands of token pairs)
  • Easy DEX analysis: allows you to filter crypto assets by decentralized exchange, network/chain, liquidity, Volume, transactions, market capitalization, price changes, and FDV are all included. Hundreds of EVM-compatible chains, including Ethereum and Polygon, are available for free research on digital assets. You can also save your findings in custom lists and create alerts for them.
  • Free charting and technical analysis: gives you access to charts and indicators that can help you identify trends and make better investment decisions.
  • DEX and DeFi data: you get tons of publicly available data on a tokens contract and pool data for token pairs.

Pros and Cons

Pros

  • Free to use with no sign-up required, no KYC, and no login via wallet necessary
  • More blockchains and pairs than any other crypto screener (over 37K pairs)
  • Free charting tools via TradingView

Cons

  • The overwhelming number of coins, pairs, and blockchains is also a pro!)
  • No mobile app, however, the mobile site works great
  • User interface could be more intuitive

What is a Crypto Screener?

A cryptocurrency screener is a tool that scans and examines data on blockchains and crypto tokens that is openly available. You can quickly and easily sort through dozens or hundreds of crypto tokens and assets with a screener to discover new opportunities.

How Do Crypto Screeners Work?

In order to compile enough data to be helpful for their end users, screeners typically scrape and aggregate publicly available information on digital assets via blockchain explorers, publicly available code, liquidity pools, company websites, and blockchains.

Dex Screener Features

Users can take advantage of a number of tools and features provided by Dex Screener to facilitate crypto analysis across decentralized exchanges.

With Dex Screener, you get:

  • Detailed information on over 1,200 cryptocurrencies
  • User-friendly interface
  • Suite of investment tools
  • Real-time data
  • Multiple language support

Some of the key features of Dex Screener include:

Trends:

Users can view emerging trends with the help of Dex Screener. You can find trending pairs and tokens with recently high prices using this information, which includes both price and volume data.

Indexes:

In addition, Dex Screener provides a dex index, which is a summary of all the most popular dex pairs. This can assist you in finding fresh trading opportunities and monitoring the overall dex market.

Trade Explorer:

You can see every recent trade that has occurred on dexes by using the Dex Screener Trade Explorer. Observing patterns and opportunities in this way can be helpful.

Watchlist:

You can keep track of your preferred dex pairs and tokens using the watchlist feature. You can do this to stay organized and up to date with the tickers that interest you.

Ethereum:

For well-known blockchain networks, users can now find tabs. The information about the DEXs built on the network is available under each tab. To display more specific data, you can even choose a specific DEX.

You can view data for all DEX in a network, such as 24 hour volume, 24 hour transactions, latest block, etc., at the top of the page.

Similar tabs are present for various networks, including BSC, Polygon, Avalanche, etc. You can check similar data by going to any network tab. Select the desired DEX from the top if you want to verify data at the DEX level.

Alerts:

Additionally, DEXScreemer gives users free alerts. This makes it easier to monitor changes in volume or price for particular pairs. Any pair’s price movement can be alerted to.

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Multicharts:

Dex Screener also offers Multicharts, which is a tool that allows you to add multiple charts to one screen. In essence, a personalized dashboard is possible. You can compare price changes and spot patterns on the cryptocurrencies you’re interested in using this.

New Pairs:

They also provide a new pairs tool that enables you to locate fresh token pairs that have just been added to the platform. You may be able to use this to locate a fresh token that has just been listed on a DEX. They can be extremely dangerous, so use caution.

Gainers and Losers:

A list of the top winners and losers is also included. This can assist you in determining which tokens are rising or falling right now.

Charts:

Dex Screener provides TradingView charts for each pair, which can be used to visualize price changes and spot patterns. You can switch between line and candlestick charts, spot trends, and use every technical indicator and chart tool that TradingView provides.

From the chart screen, you can:

  • View information on recent trades (date, type, USD price, transaction, and contract number)
  • View pool and trading data (liquidity, FDV, market cap, buys, sells, trading volume, transaction volume, etc)
  • See price trends in USD across multiple time frames
  • Add the pair to a watchlist
  • Set price alerts
  • View all contracts for the pairs
  • find out more about the business (website, Telegram, Twitter, etc.)), scan on Token Sniffer, search Google, Twitter
  • Get the links to the Dex pool it’s being traded on

Available Blockchains on Dex Screener

As of August 2022, there are 43 blockchains to choose from, more than 1200 tokens, and thousands of trading pairs.

  • Binance Smart Chain (BSC)
  • Huobi ECO Chain (Heco)
  • Polygon
  • Avalanche
  • Fantom
  • Harmony
  • Cronos
  • Osmosis
  • Aurora
  • Moonriver
  • Moonbeam
  • Metis
  • Arbitrum
  • Optimism
  • Oasis Emerald
  • Astar
  • Evmos
  • Milkomeda
  • Avalanche DFK (Jewel)
  • xDai
  • Velas
  • OEC
  • Celo
  • SmartBCH
  • HSC

These are being aggregated from tons of different decentralized exchanges (DEXs) from each chain, including:

Pancake Swap, Trader Joe’s, Balancer, Uniswap, SushiSwap, and a lot more (too many to list here).

How to Use Dex Screener

You can use Dex Screener without creating an account or logging in; just go to dexscreener.com and choose the chain, DEX, or token you want to analyze.

To expedite the process, use the search bar. Alternatively, use the left-hand navigation bar to find the appropriate chain.

If you click on the desired trading pair after finding what you’re looking for, charting tools and details about the pairs pool will be displayed.

From there, you can set alerts, make watchlists, and cross-analyze data from various tokens.

If you’re not sure where to start, the home page offers a few helpful options:

You can see the index, a summary of all the most actively traded Dex pairs. In addition to keeping tabs on the Dex market as a whole, this can assist you in locating fresh trading opportunities.

If you’re looking for a new coin to invest in, a new crypto gem, or an emerging trend, you can view the Trends section, New Pairs section, or Gainers and Losers.

How to Trade on Dex Screener

Dex Screener itself merely aggregates token data and price data from decentralized exchanges. On the DEX, trading actually occurs.

Decentralized Exchanges (While Centralized Exchanges (CEX) are owned and run by corporations, Decentralized Exchanges (DEXs) operate a little differently. The majority of DEXs are automated market makers, which means they programmatically manage and settle buy and sell orders from unidentified traders around the world. The DEX is not run by human operators; instead, transactions are settled automatically through a liquidity pool.

You must first buy some cryptocurrency, send it to your wallet on the appropriate blockchain, and log in to the DEX where your desired coin is trading if you want to start investing in cryptocurrencies you find on Dex Screener.

Here’s the step by step:

Step 1 – Get a wallet

To store the cryptocurrency you want to purchase, you’ll need a wallet. There are many other hot wallets, but MetaMask is the most popular one for Ethereum-based chains. Additionally, you can use a Trezor or Ledger cold-storage wallet. Make sure to backup your personal seed phrase and store your password offline for security purposes.

Remember: if you lose your backup seed phrase, your crypto is gone.

Step 2 – Fund your wallet

Buy cryptocurrency from a CEX like Coinbase, Gate.io, or KuCoin. Send it to your wallet after that. The time it takes for the money to appear could vary. Use a chain explorer, such as etherscan.io, to check your wallet balance and confirm that your funds have arrived if you don’t see it in your wallet right away.

Step 3 – Connect To The Dex

The DEX and your wallet must then be connected. You accomplish that by receiving a number of wallet approvals. Locate the “Connect Wallet” button and follow the prompts until you are connected.

Warning: Ensure that the DEX you are connecting to is one you can completely trust.

Step 4 – Make a Swap and start trading

Now all you have to do is start trading, or swapping as it is also known. In the liquidity pool, a swap is a transaction that happens automatically. We are exchanging 1 ETH for 16.6 AAVE tokens in the example below.

For the largest selection of alternative coins, we suggest KuCoin, Gate.io, and ByBit; however, if you live in the US, you might want to try FTX.us.

Dex Screener API

The Dex Screener API is a set of programming instructions that enables software programmers to programmatically interact with the Dex Screener website and data set. It is currently in beta (as of August 2022). 100 API requests are allotted to users each minute.

You should be cautious when creating applications that use Dex Screener’s data while the API is still in beta because endpoints and types could alter in the future.

With the Dex Screener API you can:

  • Get data on one or multiple pairs by network or address
  • Get data on a single token or a tokens pair
  • Search Dex Screener’s pair data for a matching query

Check out the API documentation here.

Pricing – How Much Does Dex Screener Cost?

It’s completely free to use Dex Screener. Neither subscription fees nor paywalls exist. You are not even required to log in or create an account. You can access all of the data on their platform with just an internet connection.

Dex Screener FAQs

Features to look for in DEX tools

There are a number of features organizations should look for when researching DEX tools, including:

  • Continuous employee experience measurement across networks, applications, virtualization, and devices.
  • administrators receive notifications and real-time reporting when problems occur.
  • using tools like integrated desktop messaging to communicate with staff.
  • IT can fix issues thanks to prebuilt scripts and customisable features.
  • Root cause analysis to enable troubleshooting across devices, applications, virtualization, and networks.
  • Analytics and troubleshooting are integrated with messaging and remediation tools to identify and fix problems.
  • Ability to gather qualitative feedback through integrated surveys on employee sentiment.
  • Internal benchmarking ability to compare employee ratings of their digital employee experiences across different locations.

Additionally, Wilson advised businesses to search for DEX tools that are hosted in the cloud as opposed to on-premises tools. “The big difference is the analytics capability — the engine that is used to do the analysis,” he said. “Machine learning and big data analysis are not powerful on premises.”

How does the Dex Screener operate?

The Dex Screener platform provides users with comprehensive information on more than 1,200 cryptocurrencies by combining data from a number of different sources. Blockchains, decentralized exchanges, and market data providers are some of these sources of information.

Exists an app for Dex Screener?

No, there isn’t a Dex Screener app. But any device can access the platform because it is mobile-friendly.

Is Dex Screener safe?

Dex Screener is a secure platform, yes. All information is encrypted, and they do not keep any user money. The platform simply aggregates data from other sources and is hosted on a secure server.

Summary

Dex Screener is one of the best cryptocurrency screeners available for researching decentralized exchanges, according to our review of the service. The platform is free to use and offers access to more blockchains than any other screener, making it a useful tool for both novice and experienced investors.

Overall, we were very impressed with Dex Screener and would recommend it to anyone interested in exploring the uncharted territory of decentralized exchanges, despite the tool lacking some features that would be useful for more experienced traders.

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