CoinGecko Launches New Feature for Easy On-Chain Data Access from DEXs Through API
Summary:
Digital asset data compiler, CoinGecko, has added a tool allowing users to access on-chain data from decentralized exchanges (DEXs) through its application programming interface (API). Supported by its DEX tracking subsidiary, GeckoTerminal, this feature integrates crypto prices, market data, and metadata to create a unified API. It also provides on-chain liquidity pool data for unlisted cryptocurrencies. This development further expands the company's API coverage, making data from approximately 900 DEXs across various networks readily available to API subscribers.
The popular digital currency data compiler, CoinGecko, has instigated a new tool that will provide easier access to on-chain data from decentralized exchanges (DEXs) for its users. The feature brings together on-chain token and liquidity pool information with standard crypto prices, market data, and metadata via CoinGecko's API, and was announced on February 28. The data layer is facilitated by GeckoTerminal, CoinGecko's arm dedicated to DEX tracking.
Those using this new offering will locate on-chain liquidity pool information for digital currencies yet to be listed on CoinGecko. With these enhancements, CoinGecko's API's reach will extend to include data surrounding 2.2 million tokens across 2.5 million liquidity pools. Information from around 900 DEXs operating on 120 networks, including platforms like Uniswap, PancakeSwap, Orca, Curve, and Balancer, will be readily available. Paid API subscribers now have access to this wealth of data via 20 new endpoints.
Bobby Ong, the co-founder of CoinGecko, clarified that the update is evidence of their dedication to enabling the crypto community's access to pivotal market data and digital asset prices. "The availability of on-chain DEX data via the CoinGecko API enables users to make use of the information effortlessly, delve further into the decentralized ecosystem and identify novel paths for product creation," added Ong.
The unveiling of this feature ensues several developments in the sphere of decentralized finance (DeFi). On February 22, Aave launched its lending protocol on the BNB Chain network. This collaboration will empower network developers to initiate apps that capitalize on Aave's liquidity.
Uniswap, another decentralized exchange, intends to introduce a web extension for its proprietary wallet on February 27, enabling users to execute transactions involving digital assets straight from their browsers. A beta version of the extension will be made available to users who have registered for a uni.eth username.
Published At
2/28/2024 3:51:18 PM
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