In recent years, decentralized finance (DeFi) has emerged as one of major highlights in the cryptocurrency industry. While DeFi has not quite reached the heights of 2021, the space still shows high potential for growth and expansion.

As of this writing, the entire DeFi industry is valued at roughly $40.59 billion, according to data from DefiLlama. This impressive figure is possible, thanks to the development of various decentralized exchanges (DEXs) and protocols. 

As the cryptocurrency landscape keeps progressing, the significance of decentralized exchanges has become more evident. DEXs enable direct cryptocurrency trading without intermediaries, offering a secure and transparent approach to participate in the cryptocurrency market.

Whether you are a seasoned trader or beginner, employing a seamless and data-driven approach to DeFi trading can help you stay ahead of the game and make well-calculated moves. GeckoTerminal emerges as an effective real-time DEX tracker to meet the needs of DeFi enthusiasts or investors. 

In this article, we will explore the features, benefits, and significance of GeckoTerminal in the context of the ever-evolving decentralized finance landscape.

What Is GeckoTerminal?

GeckoTerminal is a DeFi and decentralized exchange (DEX) aggregator that provides investors and traders with a comprehensive and user-friendly platform to make informed investment decisions in the cryptocurrency market.

As a specialized DEX aggregator, GeckoTerminal serves as an all-in-one for both basic and expert-level analytical tools and information, enabling you to access real-time trading data, liquidity, and transaction counts across different trading pairs on DEXes.

One of the highlight features of GeckoTerminal is its capacity to collect data from various decentralized exchanges and display them based on the blockchain network on which they are deployed. This feature allows users to track millions of crypto trading pairs and liquidity pools across more than 520 decentralized exchanges on 96 blockchain networks.

How It Addresses The Need for Real-time Data Tracking

GeckoTerminal caters to traders and technical analysts by harnessing the robust charting capabilities of TradingView. Through this integration, this platform offers interactive charts that can be fully customized to suit your preferences. 

As a trader or crypto analyst, you have the flexibility to select focus dates, apply various indicators, and utilize other advanced charting features. This empowers you with a comprehensive view of market trends, allowing you to identify potential trading opportunities with precision and confidence.

GeckoTerminal understands the need for personalization in the crypto space, and as such, it offers users the ability to personalize their experience by tracking their favorite assets. This segmentation allows you to focus on the assets that matter most to you, enhancing your decision-making process.

Furthermore, GeckoTerminal incorporates additional data, such as Proof of Reserves, to ensure users have access to the most reliable and up-to-date information about centralized cryptocurrency exchanges. This data is obtained through on-chain analysis of exchanges’ wallet addresses, providing users with insights into the financial health and transparency of these exchanges.

GeckoTerminal’s API opens up new possibilities for independent projects and developers. By offering access to its database and allowing the extraction of specific data, this platform enables the creation of more specialized applications that can leverage its wealth of real-time data.

Key Features of GeckoTerminal

Here, we’ll be looking at some of the best features on GeckoTerminal, highlighting their functions and how to use them.

• Exploring by Network and DEX

GeckoTerminal offers a powerful and user-friendly platform for exploring decentralized exchanges and blockchain networks to track the price and performance of both new and old tokens. 

Upon landing on the homepage, you are presented with trending assets and a comprehensive list of tracked blockchain networks. To streamline your search, you can sort and filter data by selecting your preferred blockchain network from the list. 

This feature allows you to focus on specific networks that interest you. It provides you with on-chain data on the trading activity for each blockchain network.

Additionally, you can conveniently track the pools and assets listed on each DEX, giving you a comprehensive view of the performance and liquidity of various tokens.

• Curve Pools Tracking

The Curve Pools tracking feature allows you to monitor and gain insights into the liquidity pools on Curve Finance. Curve is a decentralized exchange on the Ethereum blockchain and other EVM networks, known for its focus on low-volatility and low-slippage pool systems.

With GeckoTerminal, you can track and analyze the value of assets in each Curve pool, along with daily trade volume and the overall financial viability of the pool. Also, the platform provides information on the individual assets within the pool and their respective percentage of the total pool value.

To access the Curve Pools tracking feature on GeckoTerminal, simply enter ‘Curve’ in the search box or select Curve from the list of decentralized exchanges on the homepage. From there, you can choose the specific pool you wish to track.

• Individual Pairs Tracking 

GeckoTerminal’s Individual Pairs feature allows you to monitor and keep tabs on any crypto asset listed on a decentralized exchange. Whether it’s a new or existing asset, as long as a liquidity pool has been created for the asset and trading activities have commenced, you can easily track it on GeckoTerminal.

Source: CoinGecko

To track a specific crypto asset, you can either enter the token’s smart contract address in the search box or search for the asset on an exchange where it is listed. This convenient and straightforward process empowers you to stay updated on the performance and trading activities of your chosen assets. Ultimately, this enables you to make informed investment decisions in the dynamic cryptocurrency market.

• Filters

GeckoTerminal offers personalized tracking through its filter feature, allowing you to modify the token list based on specific criteria such as price development (top gainers and losers), liquidity pool size, and 24-hour trading volume. 

By using these filters, you can streamline your view and rearrange the asset list to focus on the data that aligns with your indicated preferences, enhancing your tracking experience and providing valuable insights for informed decision-making.

• Watchlist

One of the key benefits of the watchlist feature is its ability to consolidate the selected assets into a single collection list. This streamlines subsequent searches and provides you with a centralized view of the assets you are monitoring. 

Source: CoinGecko

Instead of navigating through various pages or exchanges to check on different tokens, you can access all the relevant data and insights from your watchlist, saving you valuable time and effort.

• Token Details

For each tracked crypto asset, the platform offers a wealth of valuable information, enabling you to make informed decisions in the fast-paced cryptocurrency market.

At a glance, traders and enthusiasts can gauge the financial viability of a tracked asset through key data points. Daily trading volume information allows you to assess the liquidity and popularity of the asset, providing insights into its market activity. 

On-chain transactions data further complements this view, giving you an understanding of the asset’s transactional behavior on the blockchain.

• Interactive Charting Tool

One of the highlight features of the GeckoTerminal is the interactive charting tool. The charting component is conveniently located in the right-hand section of the asset page, allowing traders to easily access and analyze the price movements of their chosen assets. 

With this tool, traders can draw up customized charts for the assets they are interested in and apply a wide range of indicators to gain deeper insights into market trends. Moreover, the chart section consists of interactive tools on the left side, including preset trendlines like Fib Retracements and so on.

Conclusion

With its recent upward trajectory and  continuous expansion, the DeFi landscape is bound to welcome new projects and tokens. As such, there will always be an abundance of profitable opportunities in the developing world of decentralized finance.

However, you will still need a calculated approach and an informed strategy to become successful in the DeFi market. Analyzing the market requires patience and the appropriate tools.

If you are in search of a feature-rich data aggregator, GeckoTerminal is undoubtedly worth a try. This platform will allow you to discover tokens – with potential – yet to be listed on CoinGecko. 

With the aid of its interactive charting tools, you can also conduct technical analysis on various tokens and pairs, empowering you to make excellent trading decisions.

Also Read: An Unlikely Narrative? Key Findings From CoinGecko’s NFT Report 2023

[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]

Featured Image Credit: ChainDebrief

Author: Opeyemi Sule