You’ve probably heard a lot about Dexscreener.com and how useful it is for Finding gems as early as possible? However, there is no comprehensive guide on how to utilise it. Stay with me, you’ve come to the right place.
This thread will cover the following:
1. introduction
2. Blockchain explorers
3. What is a DexScreener.com?
4. Where does DexScreener.com get data from?
5. How to use DexScreener.com?
6. Alternative tools to Dexscreener.com1. introduction
In traditional investments, individual investors closely monitor the actions and recommendations of their preferred financial advisors (jimcramer as example 🤡), and then mimic their strategies. However this move may lead to a potential loss or reduced profits since the information often arrive late. In the crypto space, you have the option to either:
- Await guidance from your influencer just like in traditional investments, and be late on the game.
- Being as early as them or even earlier.
But how, the answer is Blockchain explorers
2. Blockchain explorers
Blockchain explorers allows users to view, search, and analyse activities on the network. It provides information about transactions, addresses, and smart contracts, offering transparency and insight that helps uncover potential opportunities in the crypto space (find new gems before the folk). Yet, its complexity can be overwhelming for new users, making alternative explorers like DexScreener.com valuable options
3. What Is a Dexscreener.com?
DexScreener.com is a powerful and easy-to-use platform that allows traders and crypto investors to track, analyse and filter real-time data gathered from multiple chains such as price movements, trading volumes, on-chain trades, and other relevant metrics, all presented in an organized and user-friendly interface, allowing to help find the best investment opportunities.
4. Where does DexScreener.com get data from?
All DexScreener.com data comes directly from the blockchains it tracks, without the use of any external APIs or data sources. It has a custom-built indexer to parse, analyse and store raw blockchain logs, which is then used to create screeners, charts and analytics. All data is processed automatically in real-time without any human moderation or intervention, so it’s important to use all the tools and information provided to do your own research before interacting with any tokens and smart contracts.
5. How to use DexScreener.com?
upon opening the DexScreener.com site you will encounter the following interfaces:
5.1- Trending Pairs:
This page displays the trading pairs in the last (5min | 1h | 6h |24h) across all chains supported by the platform.
5.2- Top Pairs:
This page displays the top pairs by (volume | Txns) across all chains supported by the platform.
5.3- Gainers Pairs:
This page displays the top gainers pairs in the last (5min | 1h | 6h |24h) across all chains supported by the platform.
5.4- New Pairs:
This page displays the new pairs created in the last (1h | 6h | 24h | 3d | 7d) across all chains supported by the platform.
5.5- Rank and Filter:
In reality, the pages we talked about above are just preconfigured pages utilising the “Rank and Filter” option. The “Rank and Filter” option gives you the flexibility to customize your search result based on several key criteria, including:
Platforms or chaines:
For example, filter the results to just display Ethereum blockchain pairs.
Dexes:
For example, filter the results to just display pairs listed on uniswap
Liquidity:
For example, filter the results to only display pairs with liquidity
greater than $100k.
FDV:
For example, filter the results to only display pairs with FDV under $1m.
Pair Age:
For example, filter the results to only display pairs that were listed
during the last 24 hours.
24H volume:
For example, filter the results to only display pairs with
trading volume above of $100kUnderstanding how to use the “Rank and Filter” option properly will allow you to easily identify some real gems that have the potential to generate 100x returns.
Pro Tips: From the table header, you can sort the results you get based on your preferences such as: price, txns, volumes, makers, price change over times, liquidity, and FDV.
5.6- Search:
Any word becomes popular after being stated by Musk or any other influencer, most likely becomes a memecoin ( $GFY as example). The search option is a valuable tool that enables you to rapidly locate such a project but be careful, you will find many scam projects when searching using a ticker/Name; however the best method to avoid this risk is to locate your project name from websites like coinmarketcap/coingecko, get its contact address then paste on the DexScreener.com search box.
5.7- Project Page:
Once you found a project that fits your criteria and click on it, you’ll see an incredible dashboard full of informations related to your project including:
Project Information: Allow you to view all important details related to your project such as token price, liquidity, FDV, market cap, and more.
Watchlists: Allow you to keep track of your project for the next time .
Alerts: Allow you to set prices alerts and get notified when they triggered.
Security: Allow you to give a quick insight about the security of the smart contract address in term of: buy/sell tax , honeypot, mintable, trading pause and more, these information taken from the go+ security and Token Sniffer websites.
Charts:
Allow you to gain deeper insights into your finding, with powerful charting tools to analysing trends and patterns just as you would with TradingView
Transaction Explorer:
This page displays all the transactions that occurred within your pair findings. The basic idea here is to customise the transactions book based on several key criteria, including:
Type: For example, filter the results to just display Buy/Sell transaction.
USD/ WETH/$PEPE: For example, filter the results to just display Buy transaction above 10k or 2WETH.
Maker: For example, filter the results to only display what the exact maker is buying/selling.
Txn: After your findings, you can get a direct link to the transaction where you can get the full address of the maker.
Understanding how to properly play this section is a game-changer that will enable you to easily identify winning wallets -direct link to the txns- that have the potential to generate you 100x returns when you follow their next move.
Ranking system:
hover over the maker for more information about his buy/sell size, realized/unrealized PnL, numbers of buy/sell Txns and his rank.
Plankton: <$10 bought or sold
Fish: $10-$250 bought or sold
Shrimp: $250-$1k bought or sold
Dolphin: $1k-$10k bought or sold
Whale: $10k+ bought or sold
Top Traders:
This page displays the winning wallets altogether with their buy/sell size, realized/unrealized PnL with a direct link to their txns within the specific pair, as well as a direct link to his address.
5.8- Left Sidebar:
Get a direct access to every page we’ve covered above In addition, there are a few very useful tools there, including:
Multicharts: help you to monitor up to 16 different trading pair charts into one screen.
API: In addition to all of the in-app features provided, they also provide a free API that you can incorporate in your app or Google Sheet. For more info about their API, check their docs from here.
6. Alternative tools to dexscreener.com?
As people may expect, DexScreener.com is not the only tool in the market that you can use to track your favourites tokens, there are a lot of other alternatives, and here are some of the most popular ones:
dextools.io
dex.guru
dexview.com
geckoterminal.com
coinscan.com
arkhamintelligence.com
