When getting started with crypto, finding the most potential investment opportunities can be difficult. Fortunately, more and more tools are emerging to assist investors in making smart decisions based on various parameters such as price, market Capital , volatility and Trading Volume.

In this article, Coin68 introduces you to how to use DEX Screener, a very useful tool for those who specialize in DEX hunting and searching for "hidden gems" on decentralized exchanges.

On-Chain Tools User Guide (Part 7): DEX Screener

1. Introducing DEX Screener

DEX Screener, a tool specifically designed for data exploration on decentralized exchanges. The platform provides traders with access to high-quality information from multiple blockchains, serving both new and experienced investors. By leveraging the DEX Screener, users can filter through a wide range of assets across exchanges, helping them find the best investment prospects.

DEX Screener provides a user-friendly online interface that makes it easy to track and monitor thousands of cryptocurrencies on networks like Ethereum, Avalanche, Moonbeam, Osmosis, Optimism and Boba Network. This comprehensive coverage ensures that users can stay up to date with real-time information on the cryptocurrencies they care about. Whether it's popular cryptocurrencies like ETH or BNB, or new coins that haven't been listed on traditional platforms like CoinMarketCap or CoinGecko, DEX Screener offers the convenience of information about them. .

By using DEX Screener, traders can save time and effort in finding profitable investment opportunities in the decentralized financial market. This tool equips them with the information and insights they need to make smart decisions.

DEX Screener has attracted great interest for several compelling reasons:

• Easy to use interface: DEX Screener offers a user-friendly and easy-to-use interface, making it easy for users to access even if they have little experience using similar tools.

• Information-rich : The platform provides a significant amount of information. Whether you are a beginner or an experienced trader, DEX Screener provides data and information from market trends to cryptocurrency specifics.

• Diverse Blockchain Network : Different from other platforms that focus mainly on popular blockchains like Ethereum, BSC or Polygon, DEX Screener allows users to explore and analyze on different blockchain networks. This feature broadens the scope of research, providing information on potential investment opportunities beyond known popular cryptocurrencies.

2. DEX Screener interface

After accessing the DEX Screener, you will come to the interface with the following information:

Home page interface

1. DEX Screener: click this icon to return to the homepage.

2. Search: allows you to search by Token name, trading pair and address.

Search box

3. Features : shows the main features of DEX Screen, helps you to go to monitoring, alerts, chart list, new trading pairs, profit and loss list by trader and current market trend .

4. Blockchain: list of chains available on DEX Screener. You can scroll down to find more chains.

5. Social network information: like Twitter, Telegram, Discord and light and dark mode for the interface.

6. Volume and transaction statistics 24h.

7. Token list : there will be columns such as trading pairs, current price, number of transactions, trading Volume , number of traders, price movement over time frames, Liquidation pool of each pair and Capital dilution.

8. Filter: allows you to filter Token by many conditions such as by exchange, Volume by time, Liquidation,...

The interface of DEX Screener is quite simple and user-friendly. The following sections Coin68 will talk more about each feature.

3. Main Features

3.1. Watchlist

Watchlist feature allows you to keep track of trading pairs and tokens on Token favorite decentralized exchange. This helps you stay up to date with the latest information and stay organized.

Creating a Watchlist is very simple. You just need to select Watchlist on the left side of the screen. Then select Add pair and enter the trading pair you want to track on the search bar that pops up.

You enter the name of the Token you want to track. At this point, DEX Screener will present a series of related trading pairs list divided by chain, exchange and contract of the trading pair.

Next to each trading pair there will be a star icon. Select that icon if you want to monitor and select Main Watchlist.

Add watchlist

Enter the trading pair to look for

Suggestions from DEX Screener

Add to watch list

Trading Pairs Added

You can create other watchlists and name them by selecting Main Watchlist . Then select Manage my lists. Enter a name and click Create list.

Create a new list

Name the new list

3.2. View Token information

Select the Token you want to see in the Search box on the left side of the screen. Take for example the PEPE/WETH pair on Uniswap.

Information about a trading pair

1. Display options: you can choose to display chart (2), trade data (3) or not and position information (5).

2. Trading pair price chart: the interface will be similar to Tradingview. You can convert back and forth prices in WETH in the box Switch to price in WETH or in USD.

3. Token Sale Sale Info : allows you to see all recent transactions that have taken place. This can help identify better investment opportunities. The table includes columns for buying and selling actions and adding or removing Liquidation, USD trading Volume , number of Token traded for a pair, transaction price, address of the person making the transaction, and Hash.

On each column there will be a filter to help you filter out the transaction you want. You can filter by transaction type or transaction Volume .

Filter transaction type

Filter transaction Volume

4. Convert trading pairs:

Switch from PEPE/WETH to WETH/PEPE

5. Detailed information includes the following notable sections:

• Information on where to trade the Token pair, price in USD and WETH (may vary depending on the pair), Liquidation pool, FDV, market Capital , price movement, number of transactions and trade spread time frame.

Here you can also add the Token pair directly to the watchlist by selecting Watchlist and add an Alerts alert when the price crosses a certain level.

Price and transaction information over time

DEX Screener also provides users with a free notification feature. This can help you track price movements or volume changes on specific trading pairs. You can set up alerts on price movements for any pair.

More Alerts

• Contract information: you can find the time the trading pair was created and the Liquidation pool for each Token and their contract.

Contract information

• Confidentiality and Safety: DEX Screen will warn if there is a problem with the contract. As you can see below, Pepe's contract will have a blacklist section, meaning you will be at risk of being put on the list and banned from trading. Some other Token have the problem of Tax modifiable, that is, the tax rate can be adjusted very high by the developer to make a profit.

Warning about the risks of contracts

DEX Screener also integrates other tools for you to check for risks such as Token Sniffer or Bubblemaps.

Links to other tools

Recently on Twitter, there was news that LayerZero (ZRO) Token was minted. You can use the DEX Screener to check if this Token is safe to trade by looking for its Token .

Reading the information, we see that the Liquidation of this Token is very low below 1 dollar but the price is pushing quite high.

Fake ZRO Token

In addition, there are two issues related to safety that this Token may not let you sell and there is no limit to the number of mints.

ZRO transaction risk

3.3. Multicharts

DEX Screener also offers Multicharts, which is a tool that allows you to add multiple charts to a single screen. Basically, you can create a custom table. This can help you compare price movements and identify patterns across Token of interest.

Multicharts

The basic customizations at Multicharts include:

• On the customization bar at the top, select Manage tabs to add or remove tabs. You can create up to 16 charts per tab.

Add or remove tabs

• Show or hide header/footer.

Hide or show header/footer

• Customize the number of charts in horizontal rows by getting - or + at Columns.

Add or reduce the number of charts in horizontal rows

• Customize chart height in Card height and spacing between charts in Spacing.

• Under the footer of each chart, you select the three-dot icon to make other options.

More options

3.4. New Pairs And Gainers and Losers

3.4.1. New Pairs

All Token are automatically listed on DEX Screener as soon as they are Liquidation and there is at least one transaction. You can use the search bar to search for any particular Token by its name, symbol or address, as well as the pair address.

DEX Screener automatically searches for Token information from external listings, like CoinGecko. Once a Token is present on such a list, all its information will be displayed on the DEX Screener automatically.

The information is presented based on various criteria, including the name of the pair, current price, time it was created, number of trades bought and sold, Trading Volume, price movement over time frames, market Liquidation and FDV.

New trading pair

You can filter information by DEX exchange at All Platform or to filter the timeframe or trading Volume you choose in the Rank & Filter blue frame below the screen.

Filter time frames

Or you can filter by sorting condition by number of transactions, price movement, Liquidation, creation time of trading pairs,...

Sort by type

Filter by time frames

3.4.2. Gainers and Losers

With this feature, you have the ability to find out which wallets move and impact specific Token on a chain. If you want to switch between Top Gainers and Top Losers then click on box number (1).

The rest of the information will be similar to the interface of New Pairs, allowing you to use the Rank and Filter option to find information better.

Gainers and Losers

3.5. Trends

Trends provides an overview of trading pairs in the market based on current prices. With these flexible filtering options, you can customize your search to get a quick overview of the specific trends that interest you.

Trends item information

The ability to filter based on specific parameters makes it easy to find the information you're looking for. You can filter by:

1. Trend Type : Get an overview of price changes, current listings, volume growth,..

Filter Trends

2. Platforms: See trends for popular platforms like Ethereum, Solana, Aptos and others.

Filter by chain

3. Duration : Choose between 5 minutes, 1 hour, or 24 hours to see trends over different time periods.

Filter by timeframe

4. Trends updated from Twitter and Telegram in the last hour.

5. Trending trading pairs and their price movements.

3.6. View by chain

Currently on DEX Screener there are more than 43 chains. If the chain you need is not currently supported on this app, you can contact the team through Discord to request it to be added but must ensure the following requirements:

• Must have at least one active DEX.

• There must be a significant amount of Liquidation and daily Trading Volume .

• Must be open source and tested.

• Must have at least one open source, tested and reputable bridge.

• Must have active community and users.

For supported chains and protocols, DEX Screener will automatically track all DEXs, regardless of whether they are listed or not. Here are some factors to consider before listing a new DEX:

• The DEX must have a significant amount of Liquidation and daily Trading Volume .

• The DEX must have an open source and tested smart contract.

• The DEX must have an active community and users.

Select a chain you want to see, then you will see all the trading pairs on this chain. The interface and information will be the same as the sections above.

Token pairs by chain

4. Summary

So Coin68 has shown you how to use DEX Screener, a very familiar and necessary tool when you want to trade Token on a decentralized exchange. Overall using DEX Screener is very simple and user-friendly with all the features required for a monitoring, analysis, trend update and Token trading tool.

Coin68 hopes that this guide to using DEX Screener will help you limit the risk of getting caught in scam Token and choose high potential projects.

Cameron

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