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GeckoTerminal stands out as one of the top tracking tools in the industry, featuring real-time data analysis across over 100 different blockchains
Summary
- GeckoTerminal, its alpha version first released in June 2021, offers real-time tracking of tokens on Decentralized Exchanges (DEXs) across over 100 blockchains.
- It boasts the ability to monitor over 1.6 million tokens in multiple pools on 673 DEXes and offers features like real-time price data, trading volume insights, and liquidity data.
- While it provides a user-friendly interface, real-time updates, and extensive coverage, some small drawbacks may include complexity for beginners, with the tool providing such high-quality granular information.
GeckoTerminal is an advanced tool designed for tracking tokens in real-time as they are traded on Decentralized Exchanges (DEXs). Developed by CoinGecko, a reputable name in the crypto industry, this tool has been a go-to platform for many crypto enthusiasts since its inception in March 2023.
How GeckoTerminal Stands Out
GeckoTerminal boasts a massive tracking capacity, overseeing over 1.6 million tokens in multiple trading pools spread across 673 DEXes, currently, in the blockchain and Decentralized Finance (DeFi) industry.
Further, the platform supports the monitoring of assets across over 100 blockchain networks, including Ethereum, BNB Chain, Solana, Base, and the recently launched opBNB network. Hence, it strives to update its user interface by incorporating the latest features, DEXes, and blockchains to improve the data tracking experience for both professional and novice enthusiasts.
Key Features of GeckoTerminal
1. Real-time Price Data: Prices for all tracked tokens are refreshed every second.
2. Trading Volume: Get insights into a token’s popularity and potential trading spikes.
3. Liquidity Data and New Pools: Determine how easily a token can be bought or sold from analyzing its Liquidity pools. Explore recently added pools across all blockchains and DEXes. Sort the list by volume or the number of transactions to find new crypto pairs that are on the rise and gaining popularity.
4. Interactive Charts: Visualize price movements and discern trading patterns with valuable insights such as Market capitalization, Market info, Token info, Security, and Quick links to the token’s social pages.
5. Customizable Watchlists: Keep an eye on tokens you’re interested in.
6. Proof of Reserves (PoR) Monitoring: Identify Centralized Exchanges (CEX) that might be safe to purchase tokens based on their crypto holdings.
7. DEX Rankings: Get an insight into the DEX rankings based on total volume in the last 24 hours across all blockchains.
Advantages and Disadvantages
Pros:
– Comprehensive real-time data updates.
– Detailed insights into trading volume and liquidity.
– User-friendly interactive charts.
– Personalized watchlists.
– In-built PoR monitoring for added confidence.
– Extensive token and DEX coverage.
– User-friendly interface.
– Cost-effective.
Cons:
– A great deal of information for crypto novices.
Considering Alternatives
If you’re on the fence about GeckoTerminal, there are some other tracking tools you might want to explore:
– CoinGecko: Not just the developer of GeckoTerminal, but also a great standalone crypto tracker. This tool tracks over 10,000 cryptocurrencies and offers a range of features, including data insights, charts, watchlists, and more.
– CoinMarketCap: A versatile tracker monitoring over 10,000 cryptocurrencies, providing insights into price, trading volume, and liquidity. It also features a watchlist and a portfolio manager.
– CryptoCompare: With coverage of over 5,000 cryptocurrencies, this tracker offers real-time data, trading volume information, liquidity data, and much more. It also provides a unique news and research section for its users.
Final Thoughts
GeckoTerminal undoubtedly offers many features catering to the needs of seasoned crypto traders and investors. However, the right tool for you primarily depends on your requirements and experience level. Whether you’re an expert or just starting, it’s essential to find a tracker that best complements your crypto journey.
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