DeFi-focused crypto data platform partners with CoinMarketCap

A DeFi-focused crypto platform has entered into a partnership with CoinMarketCap — enabling its users to access more comprehensive decentralized finance data.

DEXTools says the collaboration with CMC is the latest milestone in its rapidly growing operation, which has already come a long way since launching early last year.

“CMC has recognized our product and its quality and has chosen us to be a reliable partner to move forward and strengthen their position into the DeFi sector,” the platform said.

As a result of the partnership, CoinMarketCap will be using the data provided by DEXTools’ API — and integrating the platform’s links across all trading pairs it supports.

The DEXTools team says this will enable millions of CMC users to be directly referred to its platform to benefit from in-depth DeFi data insights.

Where to find the info

DEXTools data can be found by going to the Exchanges section of the CoinMarketCap website and clicking on the DEX button.

This then presents a comprehensive list of decentralized exchanges, ranked by their trading volume in the past 24 hours — and the market share they command as a result.

By clicking on Uniswap, users can then assess the 1,430 markets that exist on this DEX at the time of writing, and tap on the DEXTools icon for the latest analytics.

For example, the USDC/WETH page on DEXTools offers an insight into the total liquidity seen in this trading pair — along with daily volumes, current quantities of pooled WETH and USDT, and the total number of transactions over the past 24 hours.

The reliability of trading pairs is assessed through the DEXT Score, which runs on a scale of 1 to 99. Last December, a Community Trust feature was also added — enabling DEXT subscribers and premium users to vote trading pairs up or down. This tool is designed to help fight scams in the community, and support legitimate projects.

Data from SimilarWeb recently suggested that CoinMarketCap was visited more than 100 million times in February — more than Investopedia, Bloomberg, Reuters and The Wall Street Journal.

A ‘powerful and intuitive’ experience

As previously reported by Cointelegraph, DEXTools enhances Uniswap by offering a pool explorer that enables investors to discover new trading pairs — showcasing promising projects all while highlighting scams. A pair explorer also delivers real-time analytics, and the Wallet Info tool allows addresses to be tracked and followed.

Data from SimilarWeb suggests that the DEXTools app secured 4.75 million visits in February — delivering month-on-month growth of 47% compared with the 3.25 million seen in January.

All of this comes as the DeFi sector continues to flourish, with a plethora of tokens in this industry recently surging to all-time highs.

DEXTools offers a free package that provides real-time data, desktop price alerts and access to its pool and pair explorers. Those who subscribe to the standard monthly subscription can also enjoy an ad-free experience, track as many trading pairs as they like, and will soon be able to benefit from limit orders and trading bots.

Premium members are able to receive a share of subscription revenues, and unlock access to a range of exclusive private rales and seed rounds of early-stage projects.

Looking ahead, NFT marketing and presale promotion tools are set to be released in the second quarter of this year — alongside improvements based on feedback from the community. CEX tools and more DEX integration will follow in Q3.