DexGuru Review – Is This Decentralized Exchange Worth Using?

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By Austin DeNoce

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DexGuru Review

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DexGuru Review

  • Trading
  • Analytics
  • Fees
  • User Support
4.3

Summary

When it comes to crypto trading and investing, the right exchange can make a world of difference. DexGuru is a decentralized, permissionless exchange that aims to help users analyze real-time data for all on-chain markets from one single fully-integrated UI.  This DEX supports hundreds of Ethereum-based tokens as well as other blockchains and includes tools such as advanced analytics, liquidity charts, and more. Read our complete DexGuru review now to learn more.

Pros

  • Many supported blockchains
  • Beautiful design
  • Integrated analytics

Cons

  • Only market orders
  • Open-ended and often high fees
  • Only spot trading

About DexGuru

DexGuru is a decentralized exchange (DEX) that combines advanced analytics and research tools with powerful trade execution capabilities to help you analyze permissionless, real-time data for every on-chain market, all in one fully-integrated UI. The platform currently only supports spot trading, but it has a beautiful design and incorporates multiple blockchains, and is not just limited to Ethereum. DexGuru is also a fully non-custodial platform, so the assets in your wallet are always under your control.

DexGuru Trading

DexGuru’s trading interface is exceptional, though perhaps overwhelming at first due to the amount of data and windows they include. You can, however, easily toggle between four different window layouts to add or remove the trading volume and liquidity sections or go to a full-screen chart, which is powered by TradingView (always a plus). You can also turn on push notifications in ‘Settings’ if you want to stay up-to-date on price movements for tokens in your ‘Favorites’ list, and if you click to expand the trading volume sidebar, you can view in-depth information about on-chain transactions. 

DexGuru Trading (Volume)

The DexGuru interface is very similar to dydX and Exmo, but certainly more aesthetic. DexGuru’s order panel is front and center and very sleek, but only supports market orders—a major drawback compared to both dydX and Exmo. One major advantage of their platform, however, is their number of listed assets. Like most decentralized exchanges (DEXes), DexGuru supports hundreds of Ethereum-based tokens, but they also support a wide range of other blockchains like Binance and Avalanche, meaning major coins like SOL and ADA (via the BSC), LUNA, and countless other coins and tokens not generally found on Ethereum-based platforms are supported. This is a huge advantage over most DEXes, including the most popular like Uniswap and 1inch.

DexGuru Trading

If you want to dig into liquidity pool activity to aid your trading, you can expand the liquidity sidebar on the left side of the main page to explore mints (adds) and burns (removes) to market pools. You’ll also be able to see liquidity charts and inspect top liquidity pairs. You can’t take part in liquidity pools through DexGuru, but the information they offer is still useful and well organized.

DexGuru Trading (Liquidity)

DYOR

At the top of the main page, you’ll see a mushroom icon next to ‘DYOR,’ which stands for” Do your own research.” Within this tab, you’ll be able to view in-depth stats, analytics, and full transactions derived from on-chain data for each token. The page can be a little overwhelming, but it’s an amazing resource if you like to view and track transactions, and it’s also an easy way to get basic stats on tokens like market cap and circulating supply.

DexGuru DYOR

DexGuru Fees

DexGuru has a variable fee structure meaning your fees will depend on the asset and market conditions. Some fees can be reasonable at around 0.25%, which is better than the flat 0.3% DEXes like Uniswap or SushiSwap offer, but many fees will stretch as high as several percent. If you choose to trade assets from specific chains like BSC, fees can be incredibly low, such as 0.04%, but even some BSC assets can have extremely high fees, so it really depends on what exactly you’re trading. Open-ended fee structures like this aren’t usually that desirable unless you only trade the select assets with low fees, but there is a good chance what you like to trade has reasonable fees, so don’t write it off without confirming each one.

DexGuru User Support

When you first visit DexGuru, you will be prompted with a very helpful walkthrough of the platform. It’s more of an outline of where everything is and helpful tricks like how to add favorites than a full explanation of their services, but it’s very useful for beginners or anyone wanting to familiarize themselves with the UI.

If you scroll to the very bottom of the main page, you’ll see a ‘Docs’ tab that takes you to what is ostensibly DexGuru’s help center. It’s all very well organized and sufficiently comprehensive to help you understand the platform and its features and does a good job of including pictures and graphics to ensure clarity when walking through each section. It’s an amazing how-to guide if you have any confusion, so I would highly recommend checking it out.

DexGuru User Support (Docs)

As it is the standard these days for DeFi platforms, DexGuru also has a blog and discord. The blog is very sleek, but not particularly robust. It doesn’t include that much information, but the information it does include is laid out and organized quite well, so it’s worth checking every once in a while to stay updated on new features or additions to the platform.

DexGuru User Support (Blog)

As for their discord, it’s pretty well-developed with thousands of members and worth joining if you have questions, want to share feedback, or just feel like joining like-minded traders also using the platform.

DexGuru User Support (Discord)

Conclusion: DexGuru Review 

While DexGuru has an exceptional trading interface and a huge number of assets, including many not listed on most other DeFi exchanges due to their inclusion of other chains like BSC, they have a very inconsistent fee structure and nothing beyond market orders, which is very troubling for active traders. They also don’t offer any other services than spot trading, making it a very hard sell, especially given their spot trading isn’t much better than alternatives. The platform is extremely aesthetic and easy to use, but it only does a few things, and it doesn’t do them so well that it would be worth sacrificing that optionality. That said, DexGuru does a great job of seamlessly integrating analytics into the platform and, although not quite on par with the analytics of Bancor or Curve Finance, they’re noticeably better than most DeFi platforms and certainly a differentiating factor. In conclusion, I think it’s worth checking out DexGuru if you’re in the market for a DEX and you focus solely on spot trading as there is a short list of really good trader-focused decentralized options, but you’d probably be better served by 1inch or switching to a derivatives-focused DEX like dydX. This is not to say DexGuru isn’t good, but it’s clearly a trader-focused platform that lacks certain trading desirable, so I wouldn’t hold it at the top of your list.

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Austin DeNoce

Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders. He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein. Austin specializes in topics related to cryptocurrencies and blockchain technology.

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