In the world of cryptocurrency, some people consistently make money while others keep losing. The key to success lies in using the best crypto tools available. To make things easier for you in this complex 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 valuable insights and data for smart investment decisions without costing you anything. Let’s dive into part 3 of our series!
1) DeFiLlama
DeFiLlama is an open-source online hub that provides valuable insights into the world of decentralized finance (DeFi). It offers real-time monitoring of popular blockchain networks and their associated decentralized applications (DApps). By sourcing data from diverse blockchain networks such as Ethereum, BNB Chain, Tron, Avalanche, Solana, and more, DeFiLlama ensures comprehensive coverage. The platform focuses on key elements within the DeFi landscape, including Dapps, Chains, Oracles, Forks, Airdrops, and NFTs. A pivotal metric within DeFiLlama is the Total Value Locked (TVL), which represents the aggregate value of cryptocurrency assets and tokens secured in DeFi protocols.
DeFiLlama is a One-Stop Hub for DeFi Insights
As you visit the platform’s homepage, you’ll find a real-time analysis of TVL across all blockchains. The side panel organizes DeFiLlama’s diverse tools and data offerings. The Yields dashboard provides precise insights into the returns offered by the crypto market. Additionally, DeFiLlama has introduced a tool for token swapping called DefiLlama Swap, which streamlines the crypto exchange process.
2) CryptoPanic
CryptoPanic is a news aggregator platform designed to help users comprehend the ever-changing landscape of crypto. It actively crawls through trustworthy news websites and sources, including social media platforms, to provide users with a consolidated view of the latest updates and news about their held or traded cryptos. The platform also provides real-time price updates for major cryptocurrencies, allowing users to monitor news specific to each cryptocurrency.
3) Token Metrics
Token Metrics is an AI-driven platform that offers investment insights and analytics for the crypto market. It provides detailed analysis and ratings for cryptocurrencies, along with price predictions and investment strategies. Token Metrics distinguishes itself by heavily investing in client education and facilitating a structured onboarding process. The platform also offers a Trading Bot that automates trades based on the user’s strategy.
4) Nanoly
Formerly known as Coindix, Nanoly is a platform dedicated to helping users discover the most lucrative locations for farming or staking their tokens to achieve optimal returns or APYs. Nanoly supports various chains and protocols, allowing users to explore different ecosystems for their investment strategies. The platform provides valuable information on stablecoin pairs and allows users to compare vaults based on parameters like APY interest rate, total blocked funds TVL, and earning methods.
In conclusion, DeFiLlama, CryptoPanic, Token Metrics, and Nanoly are all powerful tools that empower crypto enthusiasts with insights and real-time information. Stay tuned for part 4 of our series, where we will unveil more crypto tools to enhance your journey!
Hot Take: The Best Free Crypto Trading Tools to Empower Your Journey
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