Dex Screener vs. DexTools: A Comparative Guide

Decentralized finance is a significant blockchain infrastructure. Due to its receptive nature, traders and investors should have a solid understanding of the market to minimize financial risks and manage portfolio assets effectively.

As a result, these traders must perform due diligence, using various available research tools to provide them with market insights to stay abreast of the market. While there are several tools, we will focus on Dex Screener and DexTools, along with their differences, in this article.

What Is Dex Screener, and What Does It Do?

Dex Screener is a DeFi analytics tool that provides real-time data across various decentralized exchanges (DEXs). It offers users insights into trending tokens and tracks trading volume and liquidity for different tokens and pairs across multiple blockchains. Dex Screener consolidates token performance data from various decentralized exchanges and across different chains.

What are the Top Features of Dex Screener?

Various features help users analyze market insights effectively on Dex Screener. Here are some core features of Dex Screener:

Blockchain Token Pairs: This feature encompasses different blockchains and their token pair performance. It displays real-time token transactions, top traders, holders and asset value, liquidity providers and the percentage of burned tokens, bubble maps that track wallet inter-connectedness as well as a real-time trading chart that includes price, liquidity, Fully Diluted Valuation (FDV), market capitalization, transactions, volume and unique wallets (Makers).

Gainers and losers: It displays the highest and lowest-performing token pairs across various blockchains and display timeframes, ranging from 5 minutes to the past 6 hours.

New Pairs: This feature lists newly listed token pairs on the platform including how long it was listed, the buyers, sellers, trading volume, and liquidity.

Portfolio: It allows users to track their assets or monitor someone else’s investment (usually smart money).

Multichart: This feature allows traders to check the price performance of multiple decentralized (DEX) asset pairs across several chains simultaneously. Instead of focusing on a single chart, they can view up to 16 charts at once.

Watchlist: Users can add their favorite pairs to the Watchlist and monitor price movement.

Alert: This notifies traders of real-time updates for their favorite decentralized pairs.

What Is DexTools, and What Does It Do?

DexTools is a decentralized finance tool that provides traders with real-time data to analyze market trends. It offers users token pair analysis, transaction history, performance tracker, safety scores, and educational resources to assist them with decentralized trading and on-chain analysis.

Top Features of DexTools

Below are some of the core features of the DexTools platform:

DEX Explorer: This feature allows users to search for various pairs, view their live charts and transaction history, and see top traders, swaps, trading positions, and traders’ swaps.

Live New Pairs: This enables users to check newly available token pairs across different blockchains. They can view the token price, time listed, initial liquidity date, token liquidity, pool amount, variation, and remaining pool price.

Safety Score: This feature lets users check the security strength of tokens, which ranges from 99 to 1.

Big Swap Explorer: Users can see the latest big swaps across several blockchains. They can view the swap time, quantity, total amount, variation, and wallet address.

Token Creator: This allows users to create tradable tokens within minutes. The fee depends on the blockchain they are deploying their tokens on, whether it is Ethereum, Binance Chain (BNB), Polygon, Base, Arbitrum, Avalanche, Optimism, or Pulse.

MultiChart: This feature enables users to view multiple charts of up to 10 pairs across different blockchains at once.

Multiswap: Users can view multiple swaps across different chains and execute them.

DEXTstats: This allows users to check trending pairs across several decentralized exchanges.

Wallet Info: This premium feature enables users to track the activities of specific wallets.

DX Fun: This feature lets users create instantly tradable meme tokens for less than $2. They can upload their ticker symbol, add a token image, provide a token description, and include social media links to create their token.

Simulator: This enables users to test-trade without investing real money.

Dex Screener Vs. DexTools

While Dex Screener and DexTools both provide real-time insights for users to conduct due diligence before investing, their product features differ. Below is a comprehensive comparison of both platforms:

User Interface

Dex Screener and DexTools both offer smooth interfaces for users, utilizing strong UI/UX design that makes DeFi research engaging.

While both platforms prioritize simplicity, accessibility, and a positive user experience, Dex Screener features a more streamlined interface, whereas DexTools offers a more comprehensive set of features.

Mobile Accessibility

Both Dex Screener and DexTools are available on Android and iOS. The apps are user-friendly and equally accessible.

Charting Tools

Dex Screener and DexTools provide comprehensive charting tools for traders, making it easier to analyze market trends. Each platform displays various timeframes, real-time charts, candlesticks, indicators, and extensive drawing tools powered by TradingView.

Data Analytic Tools

Both Dex Screener and DexTools provide real-time data insights across several blockchains they track. They help users monitor the historical data of various assets, provide liquidity insights, and offer insights on token pairs, as well as market depth and token metrics. Thus, in terms of data analysis, both platforms are equally comprehensive and beneficial.

Pricing

DexTools provides various trading and research features for free, including an aggregator, Price alerts, Multichart, Pair Explorer, Multiswap, and more. It also offers additional features, such as a private group, position tracker, and wallet info, at a monthly fee of 1,000 DEXT for a standard subscription and 100,000 DEXT for a premium subscription.

Although Dex Screener offers similar features, such as Multichart, Live pairs, Price Alerts, Pair Explorer, and even a Wallet Tracker for free, it does not provide the same comprehensive features as DexTools.

For users seeking a completely free DeFi research and trading tool, Dex Screener excels in this area.

Community Features

Dex Screener and DexTools both foster a sense of community on their platforms. While Dex Screener offers a live chat feature that allows users to react to price movements and engage with one another, DexTools provides this functionality only on DX Fun, where users can respond to meme token live prices.

Additionally, DexTools has the DEXT Force Private Group for its holders, which enhances community engagement. It also features the DEXT community option, which allows holders of 1,000 DEXT tokens and above to vote on projects’ trust scores; however, this requires a paid subscription.

For users seeking a free option, Dex Screener excels in promoting community interaction without any cost, making it the better choice in that regard.

Wallet Integration and dApp Compatibility

Dex Screener allows users to connect with three wallets: MetaMask, Rainbow Wallet, and WalletConnect, enabling access to various decentralized applications using a QR code.

DexTools, on the other hand, lets users connect through MetaMask, Kepl Wallet, Coinbase Wallet, WalletConnect, or over 430 wallet varieties.

While both Dex Screener and DexTools are compatible with multiple wallets and dApps, DexTools is superior in this area due to its compatibility with a more significant number of wallets.

Portfolio Tracking

While users can track various wallets on Dex Screener, DexTools offers the ability to track up to 500 wallets, but only with a paid plan. This makes Dex Screener the better option for free wallet tracking. However, if you want to monitor smart money movement with more detailed portfolio tracking, DexTools may be the better option.

Safety and Security

Both Dex Screener and DexTools allow users to sign a signature request before logging in. While the platforms don’t guarantee 100% accuracy in data metrics, Dex Screener integrates Bubblemaps to track wallet interconnectedness. In contrast, DexTools utilizes DEXTscore to gauge project reliability.

Therefore, depending on how users conduct safety research, both platforms are beneficial.

Demo Trading

Dex Screener is solely a live-trading platform, while DexTools allows users to test-trade before going live through its Simulator feature, giving DexTools an advantage in this area.

Educational Support

While both platforms address product concerns by providing relevant answers through their Frequently Asked Questions (FAQs), DexTools enhances the learning experience with DEXT Academy, which offers educational resources on navigating DexTools and the DeFi ecosystem. Therefore, DexTools is ahead in this aspect.

API Access

Dex Screener and DexTools both allow developers to generate data via API. However, while Dex Screener provides access to its API Google Sheets Integration for free, DexTools requires a subscription to generate API keys for different products. Therefore, Dex Screener is better in this aspect.

Token Listing

Both Dex Screener and DexTools do not permit token listings; instead, they pull data across several chains whenever a token is added to a liquidity pool with at least one executed transaction.

However, DexTools allows users to create a token and provide liquidity, making it tradable across various dApps on the blockchain where the token was created. Therefore, DexTools may be the better option for those looking to deploy their tokens and get it listed across multiple dApps.

Multi-Language Support

Dex Screener is available in English, while DexTools supports nine different languages: English, Chinese, Spanish, Russian, Arabic, French, Hindi, Turkish, and Portuguese. Therefore, DexTools has an edge in this area.

Bottom Line

Dex Screener and DexTools are both essential for DeFi data tracking across various dApps. While they share similar features, each offers its unique strengths.

Depending on your preferences and budget, both platforms are effective for token tracking and research.

Disclaimer!: This article is for educational purposes only and should not, in any manner, be interpreted as a piece of financial advice.