DexScan: How To Find Hidden Memecoin Gems Before the Hype

DexScan: How To Find Hidden Memecoin Gems Before the Hype

7 Minuten
1 month ago

Are you tired of missing out on the big memecoin pumps? DexScan can help you out!

DexScan: How To Find Hidden Memecoin Gems Before the Hype


You're scrolling through Crypto Twitter, and you see a post that stops you dead in your tracks.

"MemeCoinWithaWeirdName ($MCWWN) just pumped 600% in 24 hours!"

As you dig deeper, you realize this random coin with an ‘unconventional’ name has exploded in value overnight, minting new millionaires left and right.

Your mind starts racing..."How did I miss this?? If only I had spotted it in its early stages before the masses piled in!"

Well, what if we told you there's a way to get ahead of the crowd and catch these viral sensations before they erupt?

Introducing the CoinMarketCap DexScan - your weapon to find the next memecoin gem!

This DEX scanner lets you monitor over 50 blockchains and 100+ decentralized exchanges, allowing you to spot potential meme coins before they explode into the mainstream conscience. DexScan can help you surface those diamond-in-the-rough tokens and engaged communities driving the next big rally by tracking key indicators like trading volume, transactions, and liquidity pools.

Ready to get on the ground and stop watching the life-changing gains pass you by? Let's explore how DexScan can power up your meme-hunting abilities!

But First - What Exactly Is A DEX?

We get it - all this DEX talk might have some of you confused. Before we dive into CoinMarketCap's powerful DEX scanner, we need to lay some groundwork.

A decentralized exchange (DEX) is a crypto trading platform that allows users to directly swap tokens in a permissionless, decentralized manner. No more dealing with centralized exchanges!

There are a few different flavors of DEXs out there, but the main ones you'll come across are:

Automated Market Makers (AMMs): Using decentralized liquidity pools and mathematical pricing formulas, these let traders swap between assets. Think big names like Uniswap, PancakeSwap, and Curve Finance.
Aggregators: These protocols aggregate liquidity from multiple DEXs into one simplified platform. They make decentralized trading more efficient and user-friendly. Popular examples are 1inch and Orion Protocol.
Order Book DEXs: These operate more like traditional centralized exchanges by providing order books with bids/asks. But both the orders and liquidity are still fully decentralized, giving you security. See: Serum and dYdX.

The big selling point of DEXs is their focus on security, accessibility, and privacy compared to centralized platforms. And if you're on the hunt for highly volatile memecoins, DEXs are where the action is happening.

So Why DexScan?

Over the last five years, the DEX landscape has expanded at a very rapid & exponential rate. New platforms are continuously popping up across emerging Layer 1 and Layer 2 blockchains.

Trying to monitor all this DEX action and find prime opportunities is becoming borderline impossible.

That's why the crypto gurus at CoinMarketCap built DexScan - to help users navigate this rapidly evolving space.

DexScan scans and compiles metrics from over 100 decentralized exchanges across more than 50 different blockchain networks. These include both established chains like Ethereum, BNB, Polygon and Avalanche and emerging hotspots like Pulsechain, ZkSync, Arbitrum Nova, and many more.

By casting a wide net, DexScan ensures you never miss the next memecoin pump. As new DEXs continue launching, this tool will expand its coverage to give you the maximum visibility.

Here's a sneak peek of the exciting functions you can use on DexScan:

Filtering by Network or DEX

Keeping tabs on every new DEX launching across a multitude of blockchains is a big ask. That's why DexScan makes it simple to narrow your focus with powerful filtering options.

Using the left-hand menu, you can quickly sort DexScan's data by individual blockchain networks.

From there, you can drill down even further by surfacing only the DEX platforms you care about on that network. For example, you could analyze the latest Uniswap pairs on Ethereum versus Optimism to strategize for lower fees.

With a few clicks, you can easily pinpoint arbitrage opportunities that slipped through the cracks.

Pool Liquidity Insights

For data enthusiasts out there, DexScan serves up granular insights into each pool's activity and health metrics. This includes the number of transactions over the past 24 hours, current liquidity levels, and even fully diluted valuations.

These liquidity signals can help traders identify particularly healthy pools primed for trading or bridging opportunities. They also provide a quick litmus test for a token's legit popularity versus just empty hype.

Want to analyze a specific asset like WETH, ETH or USDC across multiple chains and DEXs? Just use the DEX Pairs section to compare volume and liquidity to find the optimal venues for buying or offloading your bags.

Custom Telegram Alerts

Let's be real - manually tracking every pair and pool on DexScan is basically impossible, especially with new memes and projects launching daily. That's why CMC offers a Telegram bot integration for setting custom price alerts.

This feature will ping you regularly on Telegram with the latest pricing updates and trade activity for any DexScan pair you specify. It's an invaluable tool for staying tapped into emerging opportunities without staring at charts.

In-App and Browser Notifications

For those preferring a more native notification experience, DexScan has you covered there too. The platform lets you create custom alerts based on your desired trading conditions like price thresholds or volume spikes.

When those parameters are triggered, you'll get automatically pinged via web push notification or mobile app alert on your devices.

No more having 15 different decentralized apps, exchanges, and websites open at once. DexScan consolidates everything into a streamlined experience, allowing you to actually reclaim your evenings from the dreaded "charts and servers" tunnel vision.

The Full List Of CMC DexScan Features

#1 - Top Traders

Want to know what the smartest traders in crypto are doing with their money? DexScan's Top Traders section can help you with that.

This unique feature provides a comprehensive look at the most active and profitable DEX traders over a 7-30-day period.

The leaderboard breaks down each trader's wallet address, tokens traded, realized/unrealized profits, total ROI, trade counts, and recency of activity. You can even filter the list to show only the top 1000 traded tokens across Ethereum and BNB Chain for now (with more chains coming).

Instead of aimlessly chasing pumps, you can actually learn from the best of the best. Study up on what tokens and pairs the top performers are favoring. Identify commonalities in their trade timing and sizing.

Just remember, this is a leaderboard of individual traders - not financiers or institutions. These are your fellow degen retail traders who have simply cracked the code, for now.

Our next feature is the Trending Pairs tab, a section you're likely familiar with.

This tab tracks the crypto pairs that have experienced the most significant price movements, volume shifts, and user interest in the last 24 hours. It's an up-to-the-minute list, refreshed hourly, providing an excellent way to keep your finger on the pulse of the hottest memecoin action in the market.

By cutting through the noise, this feature helps you quickly identify up-and-coming memecoins and hot liquidity pools.

However, it's crucial to remember that a trending pair doesn't necessarily equate to an attractive investment opportunity. The tool identifies asset pairs generating the most hype and user interest by tracking pairs based on multiple criteria.

Regarding data columns, they are extensive, including the following nine:

  • Pair Dex
  • Price USD
  • 1H % Change
  • 24H % Change
  • 24H Txns
  • 24H Volume
  • Liquidity
  • FDV (Fully Diluted Value: (Total Supply - Burned Supply) * Price)

#3 - Gainers & Losers

In the fast-paced world of DEX trading, timing is everything. Luckily DexScan's Gainers and Losers board makes it easy to spot the hottest assets across all tracked DEXs.

This board provides a clear breakdown of the top gainers and top losers over the past 24 hours ranked by percentage change in token price.

The rankings also factor in 24-hour trading volumes to bypass any low-liquidity outliers that could sway the percentages. You can even use the swap feature to filter the results down to a specific blockchain like Ethereum or Arbitrum to keep your focus tight.

For memecoin traders who struggle to find value, this board will illuminate the current market temperature and areas of peak speculation. Those not afraid of catching falling knives or chasing pumps can use it to pinpoint their entries and exits with precision.

The Gainers and Losers board is a simple but effective tool for rapidly identifying assets in a bullish or bearish trend. Knowing the ebbs and flows of market sentiment is key for timing those volatile DEX trades properly.

#4 - Community Votes

Our final DexScan feature is really more for the good of the crypto community. The Community Upvote leaderboard displays tokens currently being heavily upvoted by CoinMarketCap users for getting listed on the platform.

While not necessarily trade signals, these user votes do provide insight into up-and-coming tokens and projects with strong community support. It's a handy look into retail hype before an official CoinMarketCap listing and the attention that comes with it. You may even discover an exciting new narrative or use case to analyze deeper.

At the very least, the Community Upvote board adds another layer of informational intelligence to your DEX trading activities. In the rapidly evolving world of crypto, having every possible angle covered is invaluable.

The Choice is Yours…

At the end of the day, being an effective crypto trader requires two key things - information and execution.

The CoinMarketCap DexScan provides you with the highest-level information available in crypto.

With comprehensive DEX data aggregation across dozens of blockchains, screening tools like Trending Pairs and Gainers/Losers boards, and unique insights into top traders' activity - DexScan gives you a panoramic view of what's moving the decentralized markets.

Instead of aimlessly chasing overheated meme coin pumps and shilled tokens, you can get ahead of the hype cycles by tracking unusual volume spikes, newly engaged communities, and fresh liquidity sources.

The choice is yours - stay a pleb, getting rekt by hype cycles and chasing over-bought setups. Or use DexScan to always be first to the trends and rallies.

It's important to note that while DexScan provides powerful data and tools, it doesn't guarantee profits. As with any trading or investing, you still need to do your own thorough research and make rational decisions based on your individual strategy and risk tolerance.

DexScan simply gives you an informational edge - the execution is up to you.

Contributor: Ryan Curry

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