CoinGecko Launches New API to Provide Real-Time On-Chain Data
CoinGecko, the crypto asset aggregator platform, has introduced a new Application Programming Interface (API) that offers real-time, on-chain data for blockchain projects. This new API, powered by GeckoTerminal, provides comprehensive tracking of decentralized exchange (DEX) activity across the entire cryptocurrency market.
Unparalleled DEX Data
The CoinGecko API unlocks real-time tracking capabilities for DEX data. Users can now access a wide range of insights into various DEX platforms, including crypto prices, market data, metadata, and more. The API covers 2.2 million digital tokens distributed across 2.5 million liquidity pools within the DeFi ecosystem.
- The CoinGecko API offers access to 900 DEX platforms across 120 blockchain networks, including Uniswap, Curve Finance, Sushiswap, and Orca.
- All on-chain DEX data is available through 20 new endpoints, allowing users to navigate pools and search for specific pools using smart contract addresses.
- Users can gain insight into a token’s data via its smart contract address and create charts using the Open, High, Low, Close, and Volume (OHLCV) feature.
Bobby Ong, co-founder of CoinGecko, emphasized that the API makes the platform a comprehensive hub for all DEX-related needs. It eliminates the need for users to gather identical data from multiple sources and enables them to explore DeFi with customer-oriented approaches.
CoinGecko API Addresses a Critical Need
The release of the CoinGecko API fills a crucial gap in the decentralized finance ecosystem. Previously, investors faced challenges in obtaining on-chain data due to interoperability issues across different blockchains. The CoinGecko API resolves this complication by providing streamlined access to vital data for DeFi users.
Limit Order Feature Brings Automation to Uniswap
In another significant development in the DeFi space, Uniswap Labs launched the ‘Limit Order’ feature, the first of its kind in the DeFi space. This feature allows users to buy and sell any ERC-20 token at their preferred prices and timeframes without the need for constant market monitoring.
- Users can set a price range, and Uniswap will automatically execute trades within that range, similar to centralized exchanges.
- The Limit Order feature is now available on the Uniswap web app.
Hot Take: CoinGecko API Enhances On-Chain Data Access
The introduction of the CoinGecko API marks a significant milestone in the crypto industry. With real-time, on-chain data for blockchain projects, users can gain valuable insights into DEX platforms and make informed investment decisions. The API’s coverage of 2.2 million tokens and 2.5 million liquidity pools demonstrates its comprehensive nature.
Furthermore, the CoinGecko API addresses a critical need within the decentralized finance ecosystem by providing streamlined access to on-chain data. This eliminates previous challenges faced by investors and enables them to navigate DeFi with ease.
Overall, the CoinGecko API and Uniswap’s Limit Order feature contribute to the advancement of DeFi by offering innovative solutions and enhancing user experiences.
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