Arken Finance review: An all-in-one trading tool for DEX traders

Arken Finance is an all-in-one trading tool for people who open their positions on decentralized exchanges.
Arken Finance is an all-in-one trading tool for people who open their positions on decentralized exchanges.

Arken Finance is an all-in-one trading tool for people who open their positions on decentralized exchanges. Traders have real-time access to market data which is very comprehensive. Furthermore, it aggregates the data from varying decentralized exchanges and gives the best swap rates for a huge number (more than 266,000) of tokens.

What is Arken Finance?

Arken Finance was established with the goal of removing all the problems associated with crypto trading on decentralized exchanges. The presence of a number of exchanges with varying liquidity and complexities posed by AMMs or automated market makers pose a challenge to new investors. 

Arken Finance follows a complicated algorithm to take into account numerous factors in selecting the best possible exchange provider for a given token swap and facilitate split trades to offer the best possible prices. 

What is TxFlow™?

TxFlow™ is an improved version of Arken’s Token Price Engine. It provides an improved experience to users in terms of scalability, speed, and stability. 

TxFlow™ modifies the polling mechanism used by Arken earlier into a streaming mechanism that consumes less time. The whitepaper claims that the timing has been reduced from 1 minute to nearly 1 second, enhancing the speed of the platform. 

Previously Arken used a third-party blockchain node but now has developed its own node with the help of TxFlow™, thus improving the stability of the platform. 

TxFlow™ supports a wider range of tokens and makes the platform more scalable, providing a better experience to the users.

How to use Arken?

Here’s how to use the platform for the best experience:

How to use Arken
Source: Arken

Explore All Coins/Tokens with Market Page

Below is the market page, which consists of all the major tokens across the most popular blockchains, including BSC, Polygon, Ethereum, and Avalanche.

Explore All Coins/Tokens with Market Page
Explore All Coins/Tokens with Market Page

Moreover, the market page includes other details of a token along with a Swap button at the lower right corner. The tokens on the page are classified in the following categories: DeFi, Yield Farming, Memes Tokens, NFT Tokens, and Synthetic Assets.

Price Checking with Real-time Trading View

You can also check real-time prices with TradingView, one of the most notable names in the crypto space.

Price Checking with Real-time Trading View
Price Checking with Real-time Trading View

Notifications can also be configured if traders want to be alerted when certain prices have been reached. 

Import Any Tokens and Add Favorites for Easier Access

The platform also has a favorites section for quick access, which will be available once you connect your wallet.

Import Any Tokens and Add Favorites for Easier Access
Import Any Tokens and Add Favorites for Easier Access

Buy and Sell with Arken Best-Rate Swap Engine & Any Coin Swap 2.0

Arken will split your order across various DEXs, which will help you get the best rates and best liquidity.

Buy and Sell with Arken Best-Rate Swap Engine & Any Coin Swap 2.0
Buy and Sell with Arken Best-Rate Swap Engine & Any Coin Swap 2.0

Price matching across DEXs, calculation of slippage and cost of each transaction followed by price impact factoring are some of the major functions of split order.

Avoid Spending Costly Gas Fee with Arken Gas Optimization Mode

To give you the best prices, the platform consumes higher energy, thereby charging more gas fees. This is the Max Return mode. However, the Gas Optimization Mode will take both the best prices and lowest gas fees into account. 

Avoid Spending Costly Gas Fee with Arken Gas Optimization Mode
Avoid Spending Costly Gas Fee with Arken Gas Optimization Mode

Prepare and Set Your Own Price to Buy/Sell with Price Alerts and Limit Orders

Adding alerts in Arken Finance is quite easy. Just follow these simple steps: 

  1. At the bottom box, click “Price Alert” and then select “Add New Alert.”
  2. Connect your wallet to Arken Finance
  3. Set your “Price Alert” configurations

You will get 2 options for notifications. One will be browser notifications, and the other will be Telegram notifications. 

Predict Market Movements with Comparison Feature & Chart Indicators and Tools

The charts showing prices in the Arken Finance are very comprehensive and also support all the indicators that traders can use to predict market movements. 

Predict Market Movements with Comparison Feature & Chart Indicators and Tools
Predict Market Movements with Comparison Feature & Chart Indicators and Tools

Study and Research Token Insights from Directory Page

There are more than 266,000 tokens on the platform, and Arken Finance has provided investors the opportunity to research and find out the best projects on the platform. You can find tokenomics and other details on the directory page. 

Study and Research Token Insights from Directory Page
Study and Research Token Insights from Directory Page

Tokens Performance Comparison across chains

Investors that rely heavily on statistical data for their trading procedure can make use of the comparison feature that allows them to compare the statistical performance of 5 different tokens at the same time (and across different chains), making it a perfect tool for investors.

Tokens Performance Comparison across chains
Tokens Performance Comparison across chains

Recommend Arken to Projects You Trust

If you are following a certain topic, you can certainly recommend Arken to them. This shows that the platform aims to expand in the DeFi world.

Roadmap

In the diagram below, you can see the events planned by the Arken Finance team for 2022. 

Arken Roadmap
Arken Roadmap

Tokenomics

The native token of the platform is $ARKEN, and they are yet to be released by the platform. You need to beware of any fake $ARKEN token. The following image defines what can be done with the $ARKEN token on the platform. 

Arken Tokenomics
Arken Tokenomics

A total of 10,000,000,000 ARKEN will be minted and 1% (100,000,000 $ARKEN) will be allocated for all Airdrop campaigns. 0.1% (10,000,000 $ARKEN) were airdropped in the first airdrop round in Oct-Nov 2021. 

Conclusion

To conclude, Arken Finance aims to provide a speedy, more stable, and scalable solution to investors in DEXs. The platform brings the best prices from more than 34 supported platforms and also gives investors the option to decrease their cost on gas fees. Arken is an efficient platform with a wide variety of tokens across 4 major blockchains.

You can also read more such reviews of new amazing projects by TheCoinRise here.