On Wednesday, CoinGecko, the crypto asset aggregator platform, rolled out a new Application Programming Interface (API). This API is designed to furnish users with real-time, on-chain data for the blockchain projects they favor.
As per CoinGecko’s recent announcement, GeckoTerminal will drive the CoinGecko API, delivering extensive monitoring of decentralized exchange (DEX) activity throughout the cryptocurrency landscape.
Unmatched DEX Data: CoinGecko’s Latest API Unveiling
The introduction of the new CoinGecko API enables real-time tracking functionality for DEX data, granting users immediate access to crucial insights and trends within decentralized exchange networks.
1/ GM Geckos, today's the day… 🚀🚀
On-chain DEX data is now directly accessible on CoinGecko API – powered by @GeckoTerminal.
Get on-chain token & liquidity pool data along with crypto price, market data, metadata and more from our API! Read on ⬇️#BuildwithCoinGecko pic.twitter.com/4LS41l3jBt
— CoinGecko (@coingecko) February 28, 2024
Users will gain access to a vast array of insights spanning various DEX platforms, encompassing cryptocurrency prices, market data, metadata, and more. With coverage extending to an impressive 2.2 million digital tokens distributed across 2.5 million liquidity pools within the DeFi ecosystem, the CoinGecko API offers unparalleled access.
This signifies that the CoinGecko API will provide unmatched access to 900 DEX platforms across 120 blockchain networks. Prominent platforms such as Uniswap, Curve Finance, Sushiswap, and Orca are included in this comprehensive list.
CoinGecko has also announced that all on-chain DEX data will be accessible through 20 new endpoints. This functionality enables users to effortlessly navigate DEX pools, whether by browsing top trends or searching for specific pools using smart contract addresses.
3/ All on-chain data is immediately available through 20 new endpoints. Don't miss out on exploring these:
POOLS
• Trending Pools by Network
• Specific Pool by Contract Address
• Search Pools pic.twitter.com/hwDexHXPpB— CoinGecko (@coingecko) February 28, 2024
In addition to the pool option, users have the ability to directly access detailed information about a token by inputting its smart contract address. Furthermore, they can utilize the OHLCV feature to generate comprehensive charts, incorporating data points such as Open, High, Low, Close, and Volume. This functionality offers users a versatile toolkit for analyzing token performance and market trends with precision and depth.
4/ TOKENS
• Top Pools by Contract Address
• Token Data by Contract Address
• Token Info by Contract AddressOHLCV
• Pool OHLCV Chart by Contract Address…and many more! Check out all on-chain endpoints in our revamped API Docs 👇https://t.co/Wijvq4C6lD
— CoinGecko (@coingecko) February 28, 2024
Bobby Ong, co-founder of CoinGecko, emphasized that the API transforms the platform into a one-stop destination for all DEX-related requirements. This advancement streamlines the process for users, eliminating the necessity to collect identical data from multiple sources, delve extensively into DeFi, and devise new customer-centric strategies.
CoinGecko API Meets Vital Demands
The launch of the CoinGecko API marks a significant milestone in addressing a crucial void within the decentralized finance ecosystem.
Previously, investors encountered obstacles in acquiring on-chain data for making informed decisions, largely due to interoperability challenges across different blockchains. The CoinGecko API effectively resolves this issue by offering seamless access to essential data for DeFi participants, thereby streamlining their decision-making processes and enhancing their overall user experience.
Automating Trading on Uniswap: The Significance of the Limit Order Feature
The introduction of the Limit Order feature represents a significant advancement in bringing automation to the Uniswap decentralized exchange platform.
Traditionally, decentralized exchanges like Uniswap relied heavily on manual trading, where users had to actively monitor market conditions and execute trades at the desired prices in real-time. This process was often time-consuming and prone to human error.
However, with the implementation of the Limit Order feature, users can now automate their trading strategies by pre-setting specific buy or sell orders at predetermined price levels. This functionality enables users to take advantage of market opportunities even when they are not actively monitoring the exchange.
By allowing users to set Limit Orders, Uniswap enhances efficiency and convenience while also providing greater flexibility and control over trading activities. This feature not only streamlines the trading process but also empowers users to execute their trading strategies more effectively in the ever-changing cryptocurrency markets.
