The growth of DEX volumes (Uniswap, Sushi) led to the fact that many assets are traded only there or have the best liquidity there. However, decentralised exchanges do not provide a convenient tool for tracking ERC-20 token prices in real time.
EtherDrops solves it.
Add any ERC-20 token. Prices are parsed regardless of listing on Coingecko or Coinmarketcap. Also you can choose what price source is more suitable.
Every time you will receive instant notifications when a price changes within the specified range. If you choose DEX, price will be calculated on the most liquid exchange on-chain.
Also you can add non Ethereum tokens like Bitcoin, Polkadot, Dogecoin, Cosmos etc. If you prefer CEX, price feed will be from DropsTab (but it can have a delay).
Why do you need it?
- Price monitoring for being aware. Price notifications about on-chain trade ERC-20 tokens from our bot will be received instant unlike Delta, Blockfolio etc.
- Price monitoring is like a trading tool. Big difference between DEX (Uniswap, Balancer) and CEX is that the first one can’t set a limit order which limits functionality for many investors. Thus, when you receive a notification that a price has been reached, you have the opportunity to buy / sell an asset at approximately the notified price.