We all know that crypto platforms are complicated for using on a day-to-day basis. Introducing simple-to-use blockchain applications has become the need of the hour for commoners to adopt the system. TapTools on the Cardano blockchain is one among these kinds of developments that helps Cardano users in engaging with the Cardano blockchain and its applications. We will learn more about TapTools in this article.

What is TapTools?

TapTools is a platform on Cardano that gives a complete overview of the Cardano blockchain at one place. From price charts, and portfolio management to providing price alerts and wallet tracking services, it covers everything. It is the best place for Cardano users to keep track of their assets, portfolios, along with a wide range of tools.

Every Cardano user who interacts with its blockchain must and should have the TapTools account. Because it helps them monitor live token prices, manage their crypto portfolios and wallets, and allows them to interact with DEX tools. Moreover, TapTools does all of this at one place, which makes it a simple-to-use platform that users are in need of.

How Does TapTools Benefit Cardano Users?

TapTools assists Cardano users in multiple ways, which makes it a must-have tool. Apart from helping users with tracking price charts and portfolios, it also gathers and aggregates information from decentralized exchanges on Cardano. Some of these platforms include Minswap, VyFinance, Sundaeswap, MuesliSwap, WingRiders, and more. Let us learn more on how TapTools makes it easy for Cardano users in the coming sections.

Asset Tracking and Portfolio Management

TapTools displays detailed charts of all the assets that exist on the Cardano blockchain. You can find all Cardano Native Assets (CNAs) and non-fungible tokens, and their live price movements, trading volume, along with historical data on TapTools. Thus, it enables you to track your assets and helps making better trading decisions.

The TapTools platform also makes it easy for you to connect your crypto wallets like Yoroi and Daedalus to the platform. When you connect your wallet, the platform automatically tracks your wallet and displays portfolio performance, asset diversification, transaction history, along with losses and gains. This not only makes it simple to understand how your portfolio is performing but also helps you detect any unusual activity.

The decentralized finance part on the Cardano blockchain is also covered by the TapTools. It covers DEX marketplaces on Cardano such as Minswap, Muesliswap, and more. This helps in gaining insights into these platforms such as total value locked (TVL), APYs, and liquidity.

Decentralized Trading Tools

The use cases of TapTools goes a long way from just tracking price charts and portfolios. It also helps users to access decentralized trading tools directly on the platform. For example, TapTools allows you to initiate swaps directly on its interface, enabling users to make transactions. All of this is possible thanks to the seamless integration of decentralized exchanges into the TapTools platform.

Despite not being a crypto trading platform itself, TapTools provides price alerts to its users. Users can set up these price alerts for their preferred CNAs and get notified. When the price of a particular asset reaches a threshold value, users can not only stay updated but also make better investment decisions.

Market Insights and News

TapTools is also known for providing latest industry news and updates in its blog section. It publishes featured news, analysis, and educational articles regularly to get a glimpse of what is happening on the Cardano blockchain. The recent Cardano developments and market trends helps Cardano users stay informed.

The Cardano community is constantly in touch with the TapTools platform. It actively participates in community discussion through various social media channels like X.com and Medium. The developers behind the project and industry officials host AMA sessions and online discussions to share upcoming developments and engage with community members.

Conclusion

TapTools is a one-stop shop for everything you need to know about the Cardano blockchain. From tracking the prices of Cardano assets to executing decentralized swaps, TapTools offers a wide range of services to users. If you are a Cardano enthusiast, you must have an account on the TapTools platform to experience all of its features and benefits.