DexScreener - Crypto Charting Tools - Coinnav.io

Dexscreener provides detailed analysis of liquidity currency pairs on Defi Kingdoms, including current price, daily trading volume, contract address, and more. You can even explore low liquidity game pairs such as Shvas Runes (DFKSHVAS-JEWEL) or quest items.

DEX Screener is a relatively new website that offers advanced data, charts, order books, and other trading tools for various blockchains. It provides a wealth of information. Let's explore DEX Screener and use the example of the Cronos chain to explain its contents.

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Navigate to DEX filter

step 1. https://dexscreener.com

step 2：On the left side, locate and click on the Cronos blockchain. This will display all the information related to Cronos, at https://dexscreener.com/cronos.

Categories of Cronos DEX screener

All DEXes. At the top of the page, Cronos DEX is listed

A decentralized exchange (DEX), or DEX for short, is a peer-to-peer marketplace where transactions occur directly between cryptocurrency traders. DEXs enable one of the core possibilities of cryptocurrencies: facilitating financial transactions that are not regulated by banks, brokers, or any other intermediary institutions. Many popular DEXs, such as Uniswap and SushiSwap, operate on the Ethereum blockchain.

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There are many DEXs on Cronos. However, it is still in the early stages, and it is difficult to predict which projects will take a dominant role.

The "Latest Blocks | 1hr txns | 1h volume" section is located near the top. You can use the dropdown menu pointing to the center to select different time intervals such as 5 minutes, 1 hour, 6 hours, and 24 hours to view the data. It provides information on the latest blocks, transactions in the past hour, and volume traded in the past hour.

• What do you mean by "block"?

A blockchain is a shared database that differs from typical databases in the way information is stored. In a blockchain, data is stored in blocks and connected together through cryptography.

As new data arrives, it is added to a new block. Once a block is filled with data, it is linked to the previous block, creating a sequential chain of data.

source: https : //www.investopedia.com/terms/b/blockchain.asp

For example, at the time of writing this article, Cronos is at block 310k on its chain. This is understandable considering it was launched only three weeks ago. When you see BSC, it is on a block of 13M because it has been around for a long time.

• TXNS: This represents transactions. There have been 580 transactions in this hour.
• VOLUME: This is the dollar amount of transactions in that hour, which in this case is $610,000 on the Cronos blockchain.

TOKEN: Positioned at the top of the table, TOKEN is the name of the Cronos token. The tokens are listed in descending order based on the number of recent transactions (5 minutes, 1 hour, 6 hours, 24 hours). In this case, VVS/WCRO is leading with 211 transactions.

• Why are some tokens repeated and paired with different tokens?

In order to facilitate trading on a DEX, cryptocurrencies need to be exchanged in pairs. These pairs are represented by a hyphen or a slash. For example, BTC/ETH represents a pair where one can buy BTC with ETH or sell BTC to acquire ETH. So in this case, one can buy VVS with WCRO or sell VVS to get WCRO.

Clearly, WCRO is not the only way to purchase VVS, as it can also be paired with #2 VVS/USDC and #7 VVS/USDT. The same applies vice versa. Allowing investors to purchase tokens with more than one cryptocurrency is powerful as it enables more trading opportunities.

 

Summary

Overall, DEX Screener is a powerful tool that provides information about tokens on Cronos. With a simple yet effective user interface, even novice cryptocurrency investors can gather relevant financial information. However, it's important to conduct your own research and verify the information provided at the time as there can be errors or inaccuracies. It's always crucial to stay vigilant and exercise caution when making investment decisions.