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The Best Crypto Tools to Track DeFi Projects
When determining the hottest DeFi projects, you need to use every tool. The market has seen considerable growth over the last year. As a result, there are now more networks, features, and services than ever. However, sorting through these projects’ hype and technical jargon may be a bit much for those new to DeFi.
New investors can feel overwhelmed by the sheer pace of DeFi’s growth. Luckily, today, some tools in the market allow you to judge projects purely based on technical indicators. These next-gen platforms were built from the ground up to help remove the mystery behind DeFi and strengthen your investment strategy.
Dextools
DEXtools is a responsive trading interface that simplifies your DEX trading experience. The interactive interface provides you with all the information you need to create complex and effective DEX trading strategies on Uniswap, and soon, more DEXes will be integrated. In addition, the interface helps new investors avoid dumps by introducing features such as social trading.
Social trading features allow you to copy professional traders to understand the market better. These systems allow users to learn and earn simultaneously. As such, Social trading features are in high demand currently. DEXtools also introduces powerful market data.
For example, the Uniswap Pair Explorer feature allows you to track all pairs easily. You can monitor transactions and add new pairs with a click. Best of all, the data is displayed in customizable real-time graphics. A Pool Explorer feature also allows you to track new pools. This feature introduces a customizable filter to avoid scams and find the true value in the market.
Unicrypt
Unicrypt is another DeFi tool that has helped secure the network in new ways. Unicrypt is a locking mechanism that allows new projects to build investor confidence in their goals and pools. This token launch and liquidity lock mechanism has seen considerable growth over the last six months because it reduces the risk of exit scams.
Unicrypt was built to work directly with Uniswap’s liquidity pools. Projects and users benefit greatly from using this network. New projects agree to a lockup period and lock their pools using Unicrypt’s protocol. Investors rest assured that there is no way for these funds to be accessed before the agreed lockup period. In most cases, this lockup is 1-2 years.
Unicrypt users also gain access to a powerful interface. This portal allows investors to sort through Uniswap pools using a new filter set to see what projects utilize Unicrypt to lock up their funds. Sticking to these pools provides investors with a reduced risk of rug pulls. Unicrypt rewards farmers for providing liquidity to Uniswap using UNCX and UNCL pairs. In this way, the platform provides services for all aspects of the DeFi sector.
DeFi Pulse
DeFi Pulse is another advanced interface that streamlines the entire UX. This protocol tracks ETH DeFi Token Liquidity pools. You can monitor and search through the pools using value and market share filters and even set your categories.
The main draw to DeFi Pulse is its simple interface. This window removes the technical barriers associated with DeFi investing. You can execute your DeFi staking actions in seconds once this handy tool is up and tweaked to your specifications. You can also monitor interest-earning accounts from this online portal.
One of the best features of DeFi Pulse is its DeFi list. The developers managed to gather a very comprehensive list of DeFi platforms. They are organized by category with clickable links to each one. This list is valuable to anyone trying to organize a comprehensive DeFi investment strategy.
Whois0x
Whois0x is another tool that has helped investors stay ahead of the curve. This cloud-based interface allows you to search wallet addresses and their linked social media accounts. You can then cross-reference this data to see what projects have the moment to succeed.
The platform shows many valuable stats in this regard. There is also a full Ethereum block explorer at your fingertips. In addition, you can track all market movements across digital assets, including NFTs, aggregated DeFi positions, pool returns, and lending rates.
Whois0x users have links to participate in the most popular DeFi protocols, including Compound, Uniswap, and MakerDAO. You can also trade Tokensets strategies and Synthetix digital assets. Whois0x doesn’t require downloading or installing software and can be accessed from any smart device.
Tools to Check Out DeFi Projects
Now that you have a firm grasp on the best tools to check out DeFi projects, you are ready to start earning. DeFi is just starting to take flight. The market can expect considerable growth this year as more features, and higher ROIs continue to drive investor interests to new heights.