ApeSwap is both a Decentralized Exchange (DEX) and an Automated Market Maker (AMM). This means that the platform offers you most of the features are trading tools that you need to become a professional cryptocurrency trader.
This article explains in detail, the benefits of using the ApeSwap decentralized exchange.
1- BUILT-IN ANALYTICS
Many cryptocurrency traders aren’t too pleased with the missing features on certain Automated Market Makers (AMMs). They believe that if those features were in place, they would have more tools to use to make an informed trading decision.
ApeSwap makes cryptocurrency trading much more flexible, thanks to the built-in analytics that make it simpler for traders to make an informed decision.
It is interesting to note that those analytical tools are mostly sourced via APIs. Since ApeSwap is built on the Binance Smart Chain (BSC), it is easier to source and uses APIs from other decentralized trading platforms.
2- REAL-TIME PRICE
Using ApeSwap AMM avails you the opportunity to use the real-time price chart to keep abreast with the current value or price of the crypto asset you want to trade.
That way, you can rest assured of not trading or swapping crypto assets without being sure of the current value.
3- LIQUIDITY VOLUME
Liquidity is very important for any decentralized transaction to be scaled in real-time. Aside from incentivizing Liquidity Providers (LPs) for contributing liquidity to the pool; ApeSwap also has a tool that shows the current liquidity levels. That way, you will know when the liquidity levels are dropping and when they are increasing.
Dropping levels of liquidity is a sign that you will likely pay higher transaction fees and you have to wait for many more minutes for your trade orders to be executed.
On the other hand, sufficient liquidity means that you can place your orders and the same will be executed as fast as possible.
4- TRADING VOLUME
Another feature I like about ApeSwap is the Trading Volume. This is a tool that helps you to understand the amount of money and crypto funds that have been brought into the market within a certain timeframe.
For example, you can use the tool to find out the 24-hour trading volume of the crypto asset you want to trade or invest in.
5- NUMBER OF Transactions
In addition to the trading volume, ApeSwap also has a tool that shows the number of transactions. These transactions are determined by the number of Buy, Sell, and Swap orders facilitated via the exchange.
The higher the number of transactions; the more chances that traders are bullish on the crypto asset.
6- PRICE CHANGES
Just like we have in Centralized Exchanges (CEXs), ApeSwap also shows the changes in the prices of crypto assets in the last 24 hours.
These changes include the increase and the decrease in the value of the crypto assets.
ApeSwap is a decentralized cryptocurrency trading platform with a difference. The platform offers you the opportunity to get both the advanced trading tools of a Centralized Exchange and the faster and more decentralized trading capability of a Decentralized Exchange.
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