Are you a user of decentralized finance (DeFi) and looking for some tools capable of to simplify your life and help you make decisions ? This series of articles is here to help! If you haven’t yet read the first part of our 2023 selection, you can find it here. here. Otherwise, sit back and enjoy the rest of this roundup of the best DeFi platforms around.
Estimated reading time : 9 minutes
Last week, we took a look at the platforms that make it possible to track and manage your portfolioand find airdropsandanalyze blockchain data.
This week, we’ll start by introducing you to some useful tools for find new projects as soon as possible. After that, we’ll move on to the platforms that can help you help you make trading decisions. Finally, we’ll conclude with a look at those that help to compare available yields on the whole market.
Over the coming weeks, we’ll be describing these tools in more detail, taking you through their features and explaining how to use them.
Want to be your own bank? Choose a Ledger wallet (commercial link) >>
DeFi’s best tools for finding new projects
The earlier you invest in a project, the greater your chances of making big profits if it’s successful. But it’s not always easy to find new projects. The following tools can help you discover some of them.
Crypto-fundraising: all crypto fundraisers
Crypto-fundraising lists all fund-raising activities in the fields of cryptocurrencies and blockchains. It enables projects to be classified according to various criteria (categories, dates, amounts, token types, regions, investors).
The site also offers an overview of industry trends and statistics in its » Research blog « .
Galxe: a tool used to create communities
Galxe.com is a platform used by Web3 projects to develop their community. By surfing the site, you can find new projects and get involved with them while reaping the rewards.
In addition to learning more, completing the requested tasks may also make you eligible for airdrops.
Layer3.xyz: learn by earning rewards
Like Galxe, layer3.xyz is used for propose quests to users in exchange for rewards. In this way, you can discover projects that are looking to make a name for themselves.
The missions you complete may eventually entitle you to an airdrop.
>> Security is the basis! To keep your cryptos close to you, trust Ledger (commercial link) <<
The best DeFi tools to help you trade
The following tools give you access to a wide range of indicators for guide your trading decisions. Whether you’re a fan of technical analysis or fundamental analysisyou should find what you’re looking for on these platforms.
CoinGlass: data on derivatives
CoinGlass is a platform dedicated to analyzing data on cryptocurrencies and their derivatives. Here you will find a multitude of indicators of all types (Bitcoin dominance, price trends, futures trading volumes, volume per exchange platform, open interest, funding rates, liquidations, options data…).
This is a comprehensive tool that can help traders make more informed decisions.
CoinGecko: all market tokens
CoinGecko is a website that provides a wealth of information on cryptocurrencies and exchanges (prices, charts, market capitalization, trading volume, news, analysis…).
By clicking on a token, you’ll see its historical and technical data (price, usefulness, history, address…) as well as the marketplaces on which it is traded and the latest related news.
Coinmarketcap: tokens ranked by market capitalization
Coinmarketcap is the direct competitor of Coingecko, acquired some time ago by Binance. It offers much the same information, just presented differently.
As with CoinGecko, just click on a token to find all the information about it.
TradingView: the ultimate tool for technical analysis
TradingView offers interactive, customizable price charts for most cryptocurrency pairs as well as other assets (stocks, commodities…). The application provides access to over 100 technical indicators, drawing tools, trading models…
TradingView also has a social dimensionwith the ability to share your ideas and trading plans with other users, and learn from theirs.
VestLab: the vesting calendar
Vestlab enables consult distribution calendars (vesting) of the tokens of the various projects on the market, as well as other information concerning them.
The site allows you to classify projects according to various criteria, and can help you optimize the timing of your purchases/sales.
DeFi’s best tools for finding the best returns
The interests offered by DeFi protocols are constantly evolving, and it can be very time-consuming and difficult to find the solutions that best match your expectations. The following two platforms will save you precious time in your search.
Nanoly: DeFi vault analysis
Nanoly (formerly Coindix) continuously scans over 10,000 vaults on 27 blockchains. It enables them to be classified according to several criteria, and thus compared in the blink of an eye.
Thanks to Nanoly, you can quickly find out the APY, the available liquidity, the token with which your interest is paid, and get an idea of the risks involved.
The graphs available for liquidity pools show how interest and TVL evolve over time.
StakingRewards : yield comparison
StakingRewards allows you to compare the yield offered by staking numerous tokens from different service providers.
You can rank tokens using many criteria, such as TVL, interest, staking ratio, etc.
By clicking on the asset you’re interested in, you’ll see a wealth of other information. In particular, you’ll find a list of platforms or validators offering this service, an estimate of the associated risk, the evolution of interest over time and of the token price…
The » Providers The « Providers » section offers a list of entities to which you can delegate your tokens, with several parameters to help you make your choice.
The last word
Like the world of cryptocurrencies and blockchain, the DeFi is still a young and rapidly evolving sector. It promises to revolutionize the world of finance and economics, and still holds many surprises and opportunities in store.
We therefore invite you to keep a close eye on the latest news and developments, and to explore for yourself the tools that most interest you.
As a guide, we look forward to seeing you in the coming weeks to find out more about the tools we’ve introduced in these two articles.
And if you have any special requests, or we’ve forgotten to mention your favorite tool, don’t hesitate to let us know by commenting on our tweet.
To store your cryptos, nothing beats a Ledger wallet. The Nano S and Nano X offer security and ease of use. In fact, they are compatible with the vast majority of cryptos and networks. They are an absolutely essential alternative to all the exchanges that offer to hold your assets for you. Remember, « Not your keys, not your coins »!