How to Read a DEX Token Page

Why DEX tokens are different

Anyone can create a token and a trading pool on a decentralized exchange in minutes, with no listing review. Our DEX section only lists tokens with at least $50,000 of real liquidity, but that is a low bar. Most new tokens fail, and some are built to take buyers' money.

Price and live updates

The price comes from the token's pools. On Ethereum, BNB Chain, Base and Arbitrum it updates live from swaps in its top pool; the note under the price says when that is the case.

Liquidity

Liquidity is the value held in the token's pools. It decides how much you can buy or sell before your own trade moves the price. If a pool holds $60,000 and you try to sell $10,000, expect to receive noticeably less than the quoted price. Low liquidity compared with market cap is one of our risk labels.

Market cap and FDV

These are calculated from the token's reported supply. On DEX tokens they are easy to inflate: a token with a $50 million "market cap" but $80,000 of liquidity cannot be sold anywhere near that value.

Age

The age of the oldest known pool. Very young tokens have no track record, and most rug pulls happen in the first days.

Pools

Every pool the token trades in, with the DEX, the paired asset, liquidity and volume. A single pool means one point of failure: if that liquidity is withdrawn, there is nowhere left to sell.

Our risk labels

• New: the first pool is less than 24 hours old.
• Thin liquidity: liquidity is under 1% of the token's market cap or FDV.
• Single pool: all trading happens in one pool.
• Unverified: no data aggregator lists the contract yet; we found it on-chain.
• Under a week old: still very early.

Labels are warnings, not verdicts. A token without labels can still fail.

Before you swap

1. Copy the contract address from the project's official site and compare it with the one on the page. Copycat tokens with identical names are common.
2. Check that other wallets have sold, not just bought (see honeypot).
3. Set a sensible slippage tolerance.
4. Only use money you can afford to lose entirely.

Read how to spot a rug pull next.