Nexa Trading and DeFi Analytics Platform for the Sui Ecosystem

Today, we’re taking a closer look at the Nexa trading and analytics platform on Sui. Formally known as insiDex, it recently rebranded to Nexa and has upgraded the platform with the aim of becoming the premier trading and data analytics solution for Sui ecosystem DeFi.  In this tutorial, we’ll walk you through the key components of the Nexa app and go through the process of making a “one-click-trade”.

What is Nexa on Sui?

Nexa is an all-in-one decentralized trading terminal powered by the Sui Network. With its recent rebrand (from insiDeX to Nexa) and large Bluefin investment, Nexa now features:

• A sleek new front-end interface
• Faster back-end performance
• Enhanced product features
• Exclusive focus on Sui ecosystem tokens and DeFi

Nexa is similar to Dex Screener but with even more functionality and data analytics.  Like its competitor Noodles Finance, Nexa doesn’t currently support other blockchains, instead it’s laser focused on providing deep integration with the Sui Ecosystem.

Nexa on Sui Key Features

Nexa is the definitive platform for all DeFi and analytics needs on Sui.  It’s a decentralized trading tool for Sui ecosystem meme coins and utility tokens like DeepBook.  Let’s take a look at some of the key features of the Nexa app.

Nexa for Sui Tokens Analytics

Nexa serves as both a decentralized Sui trading platform and an analytics hub. Users can:

• View trending utility tokens and meme coins within the Sui ecosystem
• Discover newly launched Sui tokens (sorted by creation day/ time)
• Access a curated list of “Blue Chip” Sui ecosystem tokens
• Explore the Nexa “Meme Zone” featuring tokens from popular Sui launchpads like:
  • 7K Fun (by 7K Aggregator)
  • Move Pump (by BlueMove)
  • Turbos.Fun (by Turbos Finance)
  • SuiAi

Nexa Offers Advanced Portfolio Tracking for Sui Tokens

Monitor the status of your Sui token portfolio with Nexa.  Simply connect your Sui wallet (now Slush Wallet) or Phantom wallet to Nexa to get in-depth insight into your holdings.  Once connected to Nexa, click on your wallet address at the top-right-side of the screen to find your portfolio and track the following:

• Overview of all the Sui Tokens held in your wallet
• Total Worth of all the Sui ecosystem tokens held in your Web3 wallet
• Detailed on-chain trade history
• Trading performance analytics including:
  • Total trade volume
  • PnL (Profit and Loss)
  • ROI
  • Win rate
  • Other key metrics

Nexa Leaderboard

There are currently 3 categories that make up the Nexa Leaderboard and they are; Global, Walrus LP, and Walrus Perps.  The Nexa Leaderboard is a good place to do the following:

• Discover top trading wallets within the Sui ecosystem
• Track wallets that are crushing the Sui DeFi game on the Walrus LP Leaderboard

Nexa One-Click Trading of Sui Tokens

A standout feature of Nexa is its one-click trading functionality which eliminates the need to confirm transactions in your wallet.  That saves Sui traders time and makes getting in/out more efficient.  Nexa One-Click Trades can be turned on or off at anytime.  Follow the steps below to enable One-Click Trades in your Nexa account:

1. Cick the computer mouse icon on the top-right-side of your screen
2. Deposit $SUI to your Nexa trading account
3. Execute trades instantly without needing to approve each transaction in your Sui wallet
4. You can withdraw your funds from Nexa back to your wallet at anytime

Nexa One-Click Trades significantly speed up the trading process and are especially valuable in volatile crypto market conditions.

How to Trade Sui Tokens on the Nexa Platform

Trading top Sui ecosystem tokens on-chain with Nexa is super simple.  We’ll use $WAL in this example but the process is the same no matter which token you’re trading.  If you’ve traded Walrus token in the wallet attached to Nexa app in the past, then you’ll see all of your Buys and Sells on the chart which is great.  Nexa uses TradingView charts which provide; professional technical analysis tools, clean UI, and real-time price action data.

Trading on Nexa has the feel of a high-end platform and is completely decentralized so everything is on-chain.  It provides key token metrics like holder count, safety audit checks, buy volume, sell volume, total trade volume, and much more. You can adjust your max slippage and use MEV protection if you so choose.  All the bells and whistles a top Sui trader needs are provided on Nexa.

When you’re ready to make a trade, simply specify the amount of $WAL you want to buy in $SUI, click the Buy button, and the trade will execute in seconds.

Nexa Mobile Version is Coming Soon

Soon you’ll be able to use Nexa to trade Sui tokens on your phone as well as desktop!  Nexa mobile is launching soon and the team said all trades will be sponsored.  The mobile version should further enhance adoption and accessibility of the Nexa platform on Sui.

Nexa is in Position to be a Top Trading and Analytics Platform on Sui

Nexa has positioned itself as a comprehensive solution for trading, DeFi, and analytics in the Sui ecosystem. With its focus on data analytics, seamless trading experience, and upcoming mobile functionality, Nexa is poised to become a go-to platform for Sui token trading.

Emerging platforms like Nexa on growing blockchains like Sui often reward early adoption. While there’s been no announcement regarding a Nexa token or airdrop, staying engaged with evolving platforms often provides advantages and can be rewarding in the crypto space.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.