In crypto, some people make money consistently, while others keep losing. The key difference? Successful folks use the best crypto tools available.
So, to make things easier for you in the complex crypto world, we’ve compiled a list of the best free crypto trading tools. Whether you’re an experienced trader or new to digital assets, these tools offer insights, charts, and data for smart investment decisions—without costing you a dime. Let’s dive into part 3 of the series!
DeFiLlama stands as an open-source online hub, offering a window into the dynamic realm of decentralized finance (DeFi). This platform provides valuable insights to users through real-time monitoring of popular blockchain networks and their associated decentralized applications (DApps).
Top 10 DEXs by monthly trading volume, and the percentage change compared to the previous month pic.twitter.com/gjtY55Vug6
— DefiLlama.com (@DefiLlama) December 4, 2023
DeFiLlama takes the jumble of trading activities from almost all blockchains and turns it into an easy-to-read format. Imagine getting all the important info about the DeFi market neatly packaged in one place. That’s what DeFiLlama does best!
DeFiLlama places its primary focus on several key elements within the DeFi landscape, namely:
By sourcing data from diverse blockchain networks such as Ethereum, BNB Chain, Tron, Avalanche, Solana, Polygon, Cronos, Fantom, Waves, and others, DeFiLlama ensures comprehensive coverage. So, the rest easy knowing that the data on DeFiLlama is rock-solid. The data’s reliability is fully assurable as it originates from open blockchain protocols where information is publicly accessible.
A pivotal metric within DeFiLlama is the Total Value Locked (TVL), representing the aggregate value of cryptocurrency assets and tokens secured in DeFi protocols. TVL is calculated based on the USD-denominated value of tokens locked in smart contracts, encompassing staking pools, lending platforms, and liquidity mining incentives.
We now track data for over 3500 projects across 231 blockchains pic.twitter.com/WHasXAxAFd
— DefiLlama.com (@DefiLlama) November 20, 2023
DeFiLlama is a One-Stop Hub for DeFi Insights
As you visit the platform’s homepage, the first thing that catches your eye is a real-time analysis of the TVL across all blockchains. To the left, a side panel neatly organizes DeFiLlama’s diverse tools and data offerings.
For instance, the Yields dashboard is a game-changer for those hungry for maximum crypto profits. It provides precise, real-time insights into the returns offered by the crypto market.
Moreover, DeFiLlama goes beyond mere information display by introducing a tool for token swapping, with an impressive added utility. The DefiLlama Swap is an innovative “aggregator of DEX aggregators,” streamlining the crypto exchange process.
CryptoPanic is a news aggregator platform designed to assist users and traders in comprehending the ever-changing landscape of crypto. In web3, where prices fluctuate daily, grasping the reasons behind these shifts can be time-consuming. Traditionally, this would involve scrolling through various crypto news sites and social media platforms for research.
CryptoPanic eliminates the need for extensive research by actively crawling through trustworthy news websites and sources such as social media platforms (X, Reddit, YouTube, etc.). It ensures users receive a consolidated view of the latest updates and news about their held or traded cryptos.
In addition to news updates, the platform provides real-time price updates for major cryptocurrencies, displayed conveniently on the right border of the page. This unique feature enables users to monitor news specific to each cryptocurrency, allowing them to stay informed and mitigate panic not only in the overall crypto market but also in individual crypto markets and communities.
While CryptoPanic may not immediately stand out from the crowd of crypto news aggregators, it distinguishes itself with defining features that position it as a top-tier platform in this category.
The interface has two sections: a news feed from various sources on the left and detailed information about selected news on the right. Users can explore specific subjects, access sections like Top News and All News, or organize news based on categories such as price analysis, regulation, ICO news, and events.
On the left toolbar, users can seamlessly access the platform’s main sections: News, Media, Oasis, Portfolio, and Develop (providing access to APIs, bots, and widgets). Users can change language preferences, ensuring a personalized experience. The Media section curates crypto videos, news, and analysis from relevant YouTube channels.
We have switched to https://t.co/PEEXNWKQ4e for coins prices, information and charts. Using their great API there are now more coins available and it also allows us to do more frequent price updates. @coinpaprika – Thanks for providing great service! https://t.co/t1VyKTxYut
— CryptoPanic HQ (@CryptoPanicHQ) April 4, 2020
The Portfolio section serves as a valuable tool, enabling users to track the performance of their crypto portfolios. Interestingly, the Oasis section proves particularly engaging, offering a space to share, discover, and discuss crypto-related issues. Users can post content, engage in discussions, ask questions, and showcase projects.
Besides, CryptoPanic extends its user-friendly features to a mobile app, ensuring that decision-making and staying updated on the latest crypto developments are accessible to users on the move.
3) Token Metrics
Token Metrics is a cryptocurrency research platform harnessing the power of AI and Machine Learning. With a team comprising data scientists, quant traders, and native crypto research analysts. The platform delivers timely insights on over 6,000 crypto and NFT projects.
Back to our topic, users leveraging Token Metrics gain access to a comprehensive suite of tools, including fundamental analytics, technical indicators, expert opinions, and other valuable information encompassing a wide array of crypto coins.
Moreover, Token Metrics’ AI and Machine Learning algorithms are at the forefront of identifying potential trends and predicting future price movements. Factors considered in this analysis include Fundamental Reports, Code Quality, Sentiment Analysis, Moving Averages, Support/Resistance levels, etc.
The AI Chatbot and Analytics Platform delivers real-time insights, data, analysis, and investment guidance, complemented by the Trading Bot, which automates trades based on the user’s strategy. Additionally, the platform provides a Data API to enhance functionality.
Besides, Token Metrics distinguishes itself by heavily investing in client education and facilitating a structured onboarding process. The platform educates users on blockchain tech, cryptocurrency fundamentals, investment strategies, risk management, hidden gems, and market analysis through tutorials, videos, webinars, and detailed investment reports. The AI-driven investment guide ensures objectively evaluating crypto assets with analytically verifiable conclusions.
🚀 Vertex Protocol – The Hidden Gem?
🌐 Have you discovered the potential hidden gem in the world of cryptocurrency? 🚀 Vertex Protocol, a derivatives project on Arbitrum, has experienced remarkable growth of 6x in just 30 days! 📈 With a market cap of only 6.
— Token Metrics (@tokenmetricsinc) December 4, 2023
Token Metrics offers substantial discounts across all plans for those opting for an annual subscription paid upfront. Detailed pricing information is available in the website’s pricing section.
Formerly Coindix, Nanoly is a platform dedicated to aiding users in discovering the most lucrative locations for farming or staking their tokens to achieve optimal returns or APYs. This versatile platform empowers users to maximize their investments by offering support for various chains, although it is important to note the inherent risk associated with fluctuating prices and rates.
Nanoly is an invaluable tool for individuals seeking to optimize their returns in the DeFi farming scene. Nanoly supports 27 chains, including Ethereum, BNB Chain, Polygon, Avax, Solana, and more. Furthermore, it embraces over 53 protocols, featuring renowned names like Aave, Beefy, Curve, Uniswap, Marinade, and others. This diversity allows users to explore and leverage different ecosystems for their investment strategies.
Nanoly sets itself apart with a user-friendly interface designed for simplicity and functionality. Navigating the platform is a breeze, and users can effortlessly access information on various DeFi money-making methods.
For instance, Nanoly’s “Today’s Best Vaults on the DeFi” section is a gateway to discovering the maximum yields available for stablecoins within a specific blockchain network and project. This informative section provides a concise overview of stablecoin pairs, allowing users to assess current options and strategically maximize their yields.
Meanwhile, the tabular data below this section enables users to quickly compare vaults and sort based on parameters like name, protocol, base APY, reward APY, rewards, APY, days, and TVL. Additionally, users can filter results based on specific criteria such as coin, protocol, blockchain, APY interest rate, total blocked funds TVL, and earning methods like liquidity pools, staking, no impermanent loss, and stablecoins. For Free users, Nanoly provides:
- Access to all vaults and protocols.
- Wallet connectivity.
- Adding vaults to watchlists.
- Creating custom alerts.
- Viewing split base and reward APY.
Nanoly monitors the best yield prospects in DeFi.
It's a fantastic method to learn about yield farming opportunities. pic.twitter.com/Svmf62rT2b
— Cyril – DeFi (@cyrilXBT) June 11, 2023
Nanoly, Token Metrics, CryptoPanic, and DeFiLlama each uniquely empower users with insights, analytics, and real-time information, shaping a comprehensive landscape for crypto enthusiasts.
Stay tuned for the upcoming part 4 of the series, where we will unveil additional crypto tools to enhance your crypto journey further! This is part of an article series – Top 20 Crypto Tools, and you can find the second part here.